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Mexico Endoscopy Devices Market Size (2024 - 2029)

The Mexico Endoscopy Devices Market is projected to experience significant growth over the forecast period, driven by an increasing demand for minimally invasive surgeries and advancements in technology. Despite the adverse impact of the COVID-19 pandemic on the healthcare system and supply chains, the market is recovering and expanding, supported by the rising prevalence of endoscopy for diagnosis and treatment. The adoption of advanced technologies, particularly in robotic and virtual surgical techniques, is expected to further enhance the market's expansion. However, challenges such as a shortage of skilled technicians and the risk of infections from endoscopes may impede growth.

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Market Size of Mexico Endoscopy Devices Industry

Mexico Endoscopy Devices Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Market Size (2024) USD 0.89 Billion
Market Size (2029) USD 1.30 Billion
CAGR (2024 - 2029) 8.42 %

Major Players

Mexico Endoscopy Devices Market Major Players

*Disclaimer: Major Players sorted in no particular order

Mexico Endoscopy Devices Market Analysis

The Mexico Endoscopy Devices Market size is estimated at USD 0.89 billion in 2024, and is expected to reach USD 1.30 billion by 2029, growing at a CAGR of 8.42% during the forecast period (2024-2029).

  • The emergence of the COVID-19 pandemic had an adverse effect on the country's economy and healthcare system. The Mexico lockdown affected the supply chain of various medical devices. For instance, as per the Medtronic annual report 2021, the medical surgical segment, which has endoscopy products, showed a decreased revenue during the pandemic period compared to the pre-pandemic period. However, the revenue from the same above segment increased to USD 1,766 million in 2021 from USD 1,651 million in the past year in emerging markets, which involves Mexico. Hence, the endoscopy market in the country had an adverse impact during the pandemic period and is attaining growth over the post-pandemic and is expected to continue the same over the coming years.
  • Certain factors that are driving the market growth include the increasing demand for minimally invasive surgeries, the increasing prevalence of endoscopy for treatment and diagnosis, and technological advancements leading to enhanced applications. The increasing usage of minimally invasive surgical techniques, particularly in gastric surgeries, can be attributed to the constant innovations in robotics and virtual techniques in surgical practices.
  • For instance, as per the 2022 report by Médica Sur Hospital, Mexico, the Robotic Surgery Center of Médica Sur in Mexico City provides the most comprehensive array of patient-centered treatments in highly specialized surgical care fields such as minimally invasive, inter alia. Hence, the adoption of advanced technology for minimally invasive surgeries, which involves laparoscopy and endoscopy techniques, is expected to boost the growth of the market over the forecast period.
  • However, the lack of skilled technicians for endoscopy usage and infections caused by endoscopes are expected to hinder the growth of the market over the forecast period.

Mexico Endoscopy Devices Industry Segmentation

Endoscopy devices are minimally invasive and can be inserted into natural openings of the human body in order to observe an internal organ or a tissue in detail. Endoscopic surgeries are performed for imaging procedures and minor surgeries. 

The Mexico endoscopy devices market is segmented by type of device (endoscopy device (rigid endoscope, flexible endoscope, capsule endoscope, and robot-assisted endoscope), endoscopic operative device, and visualization devices), and application (gastroenterology, pulmonology, urology, cardiology, gynecology, and other applications). 

The report offers the value (in USD) for the above segments.

By Type of Device
Endoscopy Device
Rigid Endoscope
Flexible Endoscope
Capsule Endoscope
Other Endoscopy Devices
Endoscopic Operative Device
Visualization Device
By Application
Gastroenterology
Pulmonology
Urology
Cardiology
Gynecology
Other Applications
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Mexico Endoscopy Devices Market Size Summary

The Mexico endoscopy devices market is poised for significant growth over the forecast period, driven by the increasing demand for minimally invasive surgeries and advancements in medical technology. The market experienced a temporary setback due to the COVID-19 pandemic, which disrupted supply chains and affected revenue streams. However, the post-pandemic recovery has been robust, with a resurgence in demand for endoscopy devices. The adoption of advanced technologies, such as robotics and virtual techniques, particularly in gastric surgeries, is expected to further propel market growth. Despite challenges such as a shortage of skilled technicians and potential infections from endoscopes, the market is set to expand, supported by the growing prevalence of endoscopy for diagnosis and treatment.

The gastroenterology application segment is anticipated to witness substantial growth, fueled by the high burden of gastrointestinal diseases and increased government investment in healthcare infrastructure. The demand for diagnostic endoscopies is rising, driven by the prevalence of conditions like peptic ulcers, which are common in the Mexican population. Additionally, significant investments in healthcare facilities, such as those planned by the Jalisco government, are expected to enhance the availability of endoscopy equipment, further boosting the market. The competitive landscape is characterized by the presence of major players like Boston Scientific Corporation, Medtronic plc, and Olympus Corporation, who hold a significant share of the market. Recent developments, such as Ambu's new manufacturing facility in Ciudad Ju√°rez, highlight the ongoing efforts to expand production capabilities and meet the growing demand for endoscopy devices in Mexico.

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Mexico Endoscopy Devices Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Technological Advancements Along with Increasing Demand for Minimally Invasive Surgeries

      2. 1.2.2 Increasing Prevalence of Endoscopy for Treatment and Diagnosis

    3. 1.3 Market Restraints

      1. 1.3.1 Lack of Skilled Technicians

      2. 1.3.2 Infections Caused by Endoscopes

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value - in USD Million)

    1. 2.1 By Type of Device

      1. 2.1.1 Endoscopy Device

        1. 2.1.1.1 Rigid Endoscope

        2. 2.1.1.2 Flexible Endoscope

        3. 2.1.1.3 Capsule Endoscope

        4. 2.1.1.4 Other Endoscopy Devices

      2. 2.1.2 Endoscopic Operative Device

      3. 2.1.3 Visualization Device

    2. 2.2 By Application

      1. 2.2.1 Gastroenterology

      2. 2.2.2 Pulmonology

      3. 2.2.3 Urology

      4. 2.2.4 Cardiology

      5. 2.2.5 Gynecology

      6. 2.2.6 Other Applications

Mexico Endoscopy Devices Market Size FAQs

The Mexico Endoscopy Devices Market size is expected to reach USD 0.89 billion in 2024 and grow at a CAGR of 8.42% to reach USD 1.30 billion by 2029.

In 2024, the Mexico Endoscopy Devices Market size is expected to reach USD 0.89 billion.

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