Mexico Respiratory Devices Market Size
| 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 |
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.
Mexico Respiratory Devices Market Trends
This section covers the major market trends shaping the Mexico Respiratory Devices Market according to our research experts:
Spirometers is Expected to Grow in the Respiratory Devices Market, over the Forecast Period
Spirometers help in diagnosing respiratory diseases, such as asthma, emphysema, bronchitis, and COPD. Furthermore, they can also be used to assess shortness of breath, lung function before surgery, and the effect of medication. Spirometers are also used in pulmonary tests to measure the air inhaled into and exhaled out of the lungs. They provide a simple way of measuring lung volume and capacity. There are various recent technological advancements in the field of spirometry includes the development of small portable spirometers and the increasing accuracy, acceptability, and reproducibility of assessments with immediate feedback to the technician.
Thus, fueled by the recent technological advancements, the applications of spirometers make it easier for the patient to use this diagnostic device, and is thus, increasingly adopted in hospitals and home care, globally.
Mexico Respiratory Devices Industry Overview
The companies present in the market are found to be involved in contributing to technological advancements and innovations of these respiratory devices. Also, receiving approvals from regulatory authorities for new product launch will render the company with competitive advantage.
Mexico Respiratory Devices Market Leaders
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DeVilbiss Healthcare LLC
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Dragerwerk AG
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Fisher & Paykel Healthcare Ltd
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GE Healthcare
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GlaxoSmithKline PLC
*Disclaimer: Major Players sorted in no particular order
Mexico Respiratory Devices Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Increasing Prevalence of Respiratory Disorders, such as COPD, TB, Asthma, and Sleep Apnea
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4.2.2 Technological Advancements and Increasing Applications in Homecare Setting
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4.3 Market Restraints
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4.3.1 High Cost of Devices
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4.4 Porter's Five Forces Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Type
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5.1.1 By Diagnostic and Monitoring Devices
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5.1.1.1 Spirometers
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5.1.1.2 Sleep Test Devices
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5.1.1.3 Peak Flow Meters
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5.1.1.4 Pulse Oximeters
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5.1.1.5 Capnographs
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5.1.1.6 Other Diagnostic and Monitoring Devices
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5.1.2 By Therapeutic Devices
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5.1.2.1 CPAP Devices
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5.1.2.2 BiPAP Devices
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5.1.2.3 Humidifiers
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5.1.2.4 Nebulizers
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5.1.2.5 Oxygen Concentrators
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5.1.2.6 Ventilators
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5.1.2.7 Inhalers
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5.1.2.8 Other Therapeutic Devices
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5.1.3 By Disposables
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5.1.3.1 Masks
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5.1.3.2 Breathing Circuits
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5.1.3.3 Other Disposables
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 DeVilbiss Healthcare LLC
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6.1.2 Dragerwerk AG
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6.1.3 Fisher & Paykel Healthcare Ltd
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6.1.4 GE Healthcare
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6.1.5 GlaxoSmithKline PLC
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6.1.6 Koninklijke Philips NV
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6.1.7 Medtronic PLC
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6.1.8 ResMed Inc.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Mexico Respiratory Devices Industry Segmentation
As per the scope of the report, respiratory devices are the medical equipments that assist patients with respiration in critical care situation. These devices are used to deliver medicines to treat several respiratory diseases. These devices includes respiratory diagnostic devices, therapeutic devices, and breathing devices for administering long-term artificial respiration. It may also include a breathing apparatus used for resuscitation, by forcing oxygen into the lungs of a person who has undergone asphyxia. These devices increase compliance of patients suffering from respiratory diseases to daily treatment.
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Mexico Respiratory Devices Market Research FAQs
What is the current Mexico Respiratory Devices Market size?
The Mexico Respiratory Devices Market is projected to register a CAGR of 11.82% during the forecast period (2024-2029)
Who are the key players in Mexico Respiratory Devices Market?
DeVilbiss Healthcare LLC, Dragerwerk AG, Fisher & Paykel Healthcare Ltd, GE Healthcare and GlaxoSmithKline PLC are the major companies operating in the Mexico Respiratory Devices Market.
What years does this Mexico Respiratory Devices Market cover?
The report covers the Mexico Respiratory Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Mexico Respiratory Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Mexico Respiratory Devices Industry Report
Statistics for the 2024 Mexico Respiratory Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mexico Respiratory Devices analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
