Mexico In-Vitro Diagnostics Market Size, Share, Industry Trends, Growth Factors and Forecast 2025-2033

IMARC Group has recently released a new research study titled "Mexico In-Vitro Diagnostics Market Report by Test Type (Clinical Chemistry, Molecular Diagnostics, Immunodiagnostics, Hematology, and Others), Product (Reagents and Kits, Instruments), Usability (Disposable IVD Devices, Reusable IVD Devices), Application (Infectious Disease, Diabetes, Cancer/Oncology, Cardiology, Autoimmune Disease, Nephrology, and Others), End User (Hospitals Laboratories, Clinical Laboratories, Point-of-care Testing Centers, Academic Institutes, Patients, and Others), and Region 2025-2033", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

Market Overview

The Mexico in-vitro diagnostics market reached a size of USD 2.2 Billion in 2024 and is expected to grow to USD 3.5 Billion by 2033. The market is forecast to expand at a CAGR of 5.50% during the period from 2025 to 2033. Market growth is propelled by factors such as the increasing geriatric population, a rising focus on health and wellness due to chronic diseases, supportive government initiatives, and improved healthcare infrastructure.

Study Assumption Years

• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

Mexico In-Vitro Diagnostics Market Key Takeaways

• Current Market Size: USD 2.2 Billion in 2024
• CAGR: 5.50%
• Forecast Period: 2025-2033
• Mexico's aging population is growing, with a projected 30 million people aged 65 and older by 2050, increasing demand for diagnostic tests.
• Rising prevalence of chronic diseases such as diabetes, cancer, and cardiovascular diseases is driving market growth.
• Expansion and enhancement of healthcare facilities and diagnostic centers are supporting market development.
• Adoption of advanced IVD technologies, including molecular diagnostics and point-of-care testing, is on the rise.
• Increasing health awareness and preventive healthcare measures by individuals bolster the market demand.

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Mexico In-Vitro Diagnostics Market Growth Factors

The Mexico in-vitro diagnostics market growth is significantly driven by the country's increasing geriatric population. According to AARP International, Mexico's population aged 65 and older is projected to reach around 30 million by 2050. Older adults require frequent monitoring and management of chronic diseases, which fuels the demand for advanced diagnostic tests. This demographic shift pushes healthcare facilities to expand and upgrade their diagnostic laboratories, integrating newer IVD technologies to meet the complex medical needs of the elderly.

Another key factor propelling market expansion is the rising health and wellness focus due to the high prevalence of chronic diseases, including diabetes, cancer, and cardiovascular disorders, as well as infectious diseases like influenza. The market benefits from the need for accurate and timely disease detection, which in turn facilitates better management and monitoring of these conditions. Growing public awareness about the importance of regular health check-ups and early disease detection also encourages adoption of diagnostic tests.

Furthermore, favorable government initiatives and improvements in healthcare infrastructure across Mexico contribute to the market's positive outlook. The increasing number of healthcare facilities and diagnostic centers supports the availability and accessibility of in-vitro diagnostic services. Adoption of advanced IVD technologies such as molecular diagnostics and point-of-care testing helps address the evolving healthcare demands efficiently. Improved infrastructure and regulatory support help streamline diagnostic workflows, enhancing overall market growth.

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Mexico In-Vitro Diagnostics Market Segmentation

Breakup By Test Type:

• Clinical Chemistry: Includes analysis based on chemical composition of bodily fluids for disease diagnosis.
• Molecular Diagnostics: Utilizes molecular biology techniques for disease detection and genetic analysis.
• Immunodiagnostics: Tests based on antigen-antibody reactions to detect immune responses.
• Hematology: Focuses on blood-related diagnostics, assessing blood disorders and conditions.
• Others

Breakup By Product:

• Reagents and Kits: Consumables necessary for conducting in-vitro diagnostic tests.
• Instruments: Equipment used to perform various diagnostic procedures.

Breakup By Usability:

• Disposable IVD Devices: Single-use diagnostic devices ensuring convenience and sterility.
• Reusable IVD Devices: Devices designed for multiple uses to conduct diagnostic tests.

Breakup By Application:

• Infectious Disease: Diagnosis of infections such as viral and bacterial diseases.
• Diabetes: Diagnostic tests related to diabetes management and monitoring.
• Cancer/Oncology: Tests targeting cancer detection and oncology-related diagnostics.
• Cardiology: Diagnostics related to heart and cardiovascular diseases.
• Autoimmune Disease: Tests for conditions arising from immune system dysfunction.
• Nephrology: Diagnostics focused on kidney function and related diseases.
• Others

Breakup By End User:

• Hospitals Laboratories: Diagnostic services provided within hospital facilities.
• Clinical Laboratories: Independent or third-party clinical diagnostic labs.
• Point-of-care Testing Centers: Facilities offering immediate diagnostic testing at or near the patient site.
• Academic Institutes: Educational and research institutions involved in diagnostic testing.
• Patients: Direct users or recipients of diagnostic tests.
• Others

Breakup By Regions:

• Northern States
• Central States
• Southern States

Each segment is analyzed in detail with forecast data for 2025-2033.

Regional Insights

The report segments the Mexico in-vitro diagnostics market regionally into Northern States, Central States, and Southern States. While the report does not explicitly state which region is dominant by market share or CAGR, it provides comprehensive coverage across these major territories, reflecting regional market dynamics. This segmentation aids in understanding regional demand, infrastructure development, and healthcare advancements across Mexico.

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Recent Developments & News

• On 12 December 2023, Thermo Fisher Scientific launched the KingFisher Apex Dx, an automated nucleic acid purification instrument, along with the Applied Biosystems MagMAX Dx Viral/Pathogen NA Isolation Kit. These solutions are approved for in-vitro diagnostic (IVD) and in-vitro diagnostic regulation (IVD-R) purposes and aim to improve preanalytical workflows in clinical laboratories for respiratory diagnostic testing.
• On 20 July 2023, Siemens Healthineers received FDA clearance for its Atellica CI Analyzer, an immunoassay and clinical chemistry testing product within its Atellica in-vitro diagnostics portfolio. This product is now available in multiple major global markets.

Competitive Landscape

The market research report covers a comprehensive competitive landscape analysis including market structure, key player positioning, winning strategies, competitive dashboards, and company evaluation quadrants. Detailed profiles of all major companies have been provided.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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This release was published on openPR.