Market Trends of Mexico Ultrasound Devices Industry
Cardiology is Expected to Witness Significant Growth Over the Forecast Period
Ultrasound devices are increasingly used to diagnose cardiovascular diseases such as heart failure, cardiac murmur, and ischemic heart disease. The increasing prevalence of such cardiovascular diseases in Mexico, coupled with the rising geriatric population in the country, is expected to boost segment growth.
For instance, according to an article published by Frontiers in March 2022, cardiovascular diseases are a significant health problem in Mexico, and high blood pressure, or hypertension (HTN), is the most common risk factor for developing cardiovascular disorders in the country. The source also stated that two out of four adults experience these risk factors, which could be higher, as 55% of people with this disease are often undiagnosed and have no symptoms in Mexico. The country's high burden of cardiovascular diseases is expected to increase the adoption of ultrasound devices to diagnose these diseases.
Moreover, a large senior population in the country is also expected to boost market growth as cardiovascular diseases are primarily associated with older people. For instance, according to the data updated by the United Nations Population Fund Dashboard in 2022, an estimated 8% of Mexico's total population was 65 years or older in 2022. Additionally, the large number of hospitals in the country is expected to increase the usage of ultrasound devices for diagnosing cardiovascular disorders in patients, thus driving segment growth.
Hence, the factors mentioned above, such as the high burden of cardiovascular diseases in Mexico, the large number of hospitals in the country, and the increasing geriatric population, are expected to improve the segment growth during the forecast period of the study.
Portable Ultrasound Segment is Expected to Hold a Significant Share in the Market Over the Forecast Period
Portable ultrasound machines are also known as mobile ultrasound systems, and they are designed to be used in small spaces, at a patient's bedside, or directly in the diagnostic field. They provide the advantages of mobility and ease of access over other ultrasound devices, which makes them a fascinating choice for any healthcare provider.
The major factors driving the growth of the portable ultrasounds segment include advanced technology used in these devices, the ability to diagnose multiple indications, the rising prevalence of chronic diseases that require quick point-of-care diagnosis, and rising awareness regarding the availability of portable ultrasounds. For instance, according to the data published by the American Heart Association in June 2022, it is estimated that around 56.1% of adults have high levels of LDL-C or bad cholesterol in Mexico, and it is considered the leading risk factor for cardiovascular disease and causes of the atherosclerotic cardiovascular disease (ASCVD) in the country.
Moreover, according to an article published by Frontiers in October 2022, Mexico is said to have a high prevalence of chronic kidney disease, and the excessive growth in prevalence has been attributed to risk factors such as the high prevalence of type 2 diabetes (T2D), hypertension, overweight, and obesity among others. Thus, the high prevalence of such chronic diseases in the country is expected to boost the adoption of portable ultrasound systems for quick diagnostic procedures.
Moreover, according to an article published by AARP International in December 2021, it has been observed that the older population in Mexico is growing, and it is expected that by 2050, one out of four people in Mexico will be 60 and older, which will be almost around 40 million people. Thus, with the increasing geriatric population in the country, the prevalence of various chronic diseases is also expected to increase, which will bolster the adoption of portable ultrasound systems for diagnosis, thus driving segment growth.
Thus, the factors mentioned above, such as the high prevalence of chronic diseases in Mexico and the increasing geriatric population, are expected to enhance segment growth.
