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The Mexico Patient Monitoring Market is segmented by Type of Device, Application (Cardiology, Neurology, Respiratory, Fetal and Neonatal, Weight Management and Fitness Monitoring, and Other Applications) and End-User
2018 - 2026
The Mexico Patient Monitoring Market is expected to register a CAGR of 4.8% during the forecast period, owing to the factors such as the increasing burden of chronic disorders and growing preference for home and remote monitoring.
According to the International Diabetes Federation (IDF), as of 2020 in Mexico, there are around 12,805,200 cases of diabetes in adults. The prevalence of diabetes in the adult population is 15.2%.
In addition, as per the study of “The State of Food Security & Nutrition around the World” showed adult obesity rates are continuously rising and in 2017 more than one in eight adults or more than 672 million Mexican population is obese which is expected to boost the market as this population need monitoring devices in the management of diseases. Thus, owing to the above-mentioned factors the demand for patient monitoring is expected to show a significant growth rate over the forecast period.
As per the scope of this report, patient monitoring devices are the monitoring devices that continuously monitor the patient’s vital parameters, like blood pressure and heart rates, by using a medical monitor and collecting medical (and other) data from individuals. The Mexico Patient Monitoring Market is segmented by type of device, application, and end-user.
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The major factors driving the growth of this segment include the rising burden of chronic diseases such as diabetes and cardiovascular diseases due to lifestyle changes and the growing demand for home-based and non-invasive monitoring systems. According to the latest World Health Organization (WHO) data, stroke deaths in Mexico were around 35,324 or 6.23% of total deaths in 2018. The age-adjusted death rate was 30.61 per 100,000 of the population.
The high death rates of stroke are expected to show greater demand for hemodynamic patient monitoring devices which shows a positive impact on market growth.
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The Mexico patient monitoring market is consolidated competitive. The companies are implementing certain strategic initiatives, such as mergers, new product launches, acquisitions, and partnerships that help them in strengthening their market position. Some of the market players are Koninklijke Philips NV, Nihon Kohden Corporation, GE Healthcare (GE Company), Abbott Laboratories, Dragerwerk AG & Co. KGaA, and others.
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Burden of Chronic Diseases due to Lifestyle Changes
4.2.2 Growing Preference for Home and Remote Monitoring
4.3 Market Restraints
4.3.1 Resistance from Healthcare Industry Professionals Toward the Adoption of Patient Monitoring Systems
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type of Device
5.1.1 Hemodynamic Monitoring Devices
5.1.2 Neuromonitoring Devices
5.1.3 Cardiac Monitoring Devices
5.1.4 Multi-parameter Monitors
5.1.5 Respiratory Monitoring Devices
5.1.6 Remote Patient Monitoring Devices
5.1.7 Other Types of Devices
5.2 By Application
5.2.4 Fetal and Neonatal
5.2.5 Weight Management and Fitness Monitoring
5.2.6 Other Applications
5.3 By End Users
5.3.1 Home Healthcare
5.3.2 Hospitals and Clinics
5.3.3 Other End Users
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 General Electric Company (GE Healthcare)
6.1.2 Nihon Kohden Corporation
6.1.3 Koninklijke Philips N.V.
6.1.4 Dragerwerk AG & Co. KGaA
6.1.5 Abbott Laboratories
6.1.6 Medtronic Plc
6.1.7 Edwards Lifesciences Corporation
6.1.8 OMRON Corporation
6.1.9 Natus Medical Incorporated
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments