Market Size of Mexico Respiratory Devices Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 11.82 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Mexico Respiratory Devices Market Analysis
The Mexican respiratory devices market is expected to witness rapid growth, which is expected to register a CAGR of 11.82%, during the forecast period,
The high growth can be a result of various factors, such as the increasing prevalence of respiratory disorders, like COPD, TB, asthma, and sleep apnea the technological advancements in the devices, and increasing applications in the homecare settings. There is a high prevalence of severe asthma in the Mexican region that has helped in the growth of the overall market.
Acute respiratory infections are found to be the leading cause of morbidity and mortality in Mexico. There is a wide range of respiratory viruses and diseases that circulates in Mexico and constitute a risk for the whole population.
Thus these diseases, along with other respiratory diseases, such as pneumonia and lung cancer, have been the major causes for the rise in the hospitalization rates. Hence, the adoption rate and demand for respiratory diseases are expected to grow consistently, over the forecast period.
