Market Size of Mexico Digital X-Ray Devices Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 365.18 Million |
Market Size (2029) | USD 495.66 Million |
CAGR (2024 - 2029) | 6.30 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Mexico Digital X-Ray Devices Market Analysis
The Mexico Digital X-Ray Devices Market size is estimated at USD 365.18 million in 2024, and is expected to reach USD 495.66 million by 2029, growing at a CAGR of 6.30% during the forecast period (2024-2029).
The digital x-ray market in Mexico was severely affected by the COVID-19 pandemic in its initial phase. However, as the restrictions eased gradually in 2021, the market has started gaining pace in terms of diagnostic procedures across the country, thereby, having a positive impact on the market in the years to come. Additionally, to relieve the pressure on public hospitals, the Ministry of Health announced on April 8th, 2020 a collaboration plan with a network of 250 private hospitals (with 3,175 available beds) to increase medical attention capacity for non-Covid public-sector patients. The Federal Government published an agreement in the Official Gazette (DOF) on September 21st, 2020 to ensure the continuity of elective services across medical units of the Federal Public Administration (APF) in the new normality. Such factors are projected to bolster the uptake of digital x-ray imaging in several medical facilities across Mexico.
Moreover, since digital x-ray has proven to be a critical tool in the diagnosis and management of COVID-19 patients, for the healthcare workers on the front lines, with mobile x-ray systems that can be transported straight to the point of care and digital images delivered wirelessly to Picture Archiving & Communication System (PACS), radiography's flexibility and cost-effectiveness account for a large part of its utility. This is likely to have a positive impact on the market in the coming years.
Furthermore, Mexico is also a popular destination for healthcare tourism and an increasing number of people are traveling to Mexico for treatment of medical conditions such as heart ailment, lung disease, and dental services. The country continues to be one of the most popular tourist destinations owing to the low cost of treatment and better services being provided in the country. Thus, with an increase in healthcare tourism and rising age-related ailments such as arthritis, the Mexican market for digital x-ray is expected to grow at a considerable pace.
Mexico Digital X-Ray Devices Industry Segmentation
As per the scope of this report, digital X-ray or digital radiography is a form of X-ray imaging where digital X-ray sensors are used instead of traditional photographic films. This has an added advantage of time efficiency and the ability to transfer images digitally, as well as enhance them for better visibility. This method bypasses the chemical processing of photographic films. Digital X-ray imaging has high demand, as it requires less radiation exposure compared to traditional X-rays. Mexico Digital X-Ray Devices Market is segmented by Application (Orthopedic, Cancer, Dental, Cardiovascular, and other applications), Technology (Computed Radiography and Direct Radiography), Portability (Fixed Systems, and Portable Systems), End-User (Hospitals, Diagnostic Centers, Other End Users). The report offers the value (in USD million) for the above segments.
By Application | |
Oncology | |
Cancer | |
Dental | |
Cardiovascular | |
Other Applications |
By Technology | |
Computed Radiography | |
Direct Radiography |
By Portability | |
Fixed Systems | |
Portable Systems |
By End User | |
Hospitals | |
Diagnostic Centers | |
Other End Users |
Mexico Digital X-Ray Devices Market Size Summary
The Mexico digital X-ray devices market is poised for significant growth over the forecast period, driven by a resurgence in diagnostic procedures following the easing of COVID-19 restrictions. The pandemic initially disrupted the market, but subsequent collaborations between the Ministry of Health and private hospitals, along with government initiatives to maintain elective services, have facilitated a recovery. Digital X-ray technology has emerged as a vital tool in managing COVID-19, offering flexibility and cost-effectiveness through mobile systems and wireless image delivery. This adaptability is expected to continue benefiting the market. Additionally, Mexico's status as a healthcare tourism destination, coupled with an increase in age-related ailments and the rising burden of cancer, is anticipated to further propel the demand for digital X-ray devices. The technology's application in cancer diagnosis is particularly promising, given the high incidence of cancer in the country.
The competitive landscape of the Mexico digital X-ray devices market is characterized by a few dominant players, including GE Healthcare, Koninklijke Philips NV, Fujifilm Holdings Corporation, Siemens Healthineers, and Canon Medical System Corporation. These companies are actively expanding their presence and launching innovative products to enhance market offerings. Notable developments include Canon's introduction of the CXDI-Elite series and Fujifilm's portable X-ray system receiving endorsements for tuberculosis screening. Such advancements are expected to contribute positively to market growth, as they align with the increasing demand for advanced diagnostic solutions in Mexico. The market's consolidation and moderate competitiveness underscore the strategic importance of these key players in shaping its future trajectory.
Mexico Digital X-Ray Devices Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Occurrence of Orthopedic and other Chronic Diseases
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1.2.2 Advantages of Digital X-ray Systems Over Conventional X-rays
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1.3 Market Restraints
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1.3.1 High Initial Cost of Installation and High Device Cost
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD million)
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2.1 By Application
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2.1.1 Oncology
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2.1.2 Cancer
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2.1.3 Dental
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2.1.4 Cardiovascular
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2.1.5 Other Applications
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2.2 By Technology
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2.2.1 Computed Radiography
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2.2.2 Direct Radiography
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2.3 By Portability
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2.3.1 Fixed Systems
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2.3.2 Portable Systems
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2.4 By End User
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2.4.1 Hospitals
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2.4.2 Diagnostic Centers
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2.4.3 Other End Users
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Mexico Digital X-Ray Devices Market Size FAQs
How big is the Mexico Digital X-Ray Devices Market?
The Mexico Digital X-Ray Devices Market size is expected to reach USD 365.18 million in 2024 and grow at a CAGR of 6.30% to reach USD 495.66 million by 2029.
What is the current Mexico Digital X-Ray Devices Market size?
In 2024, the Mexico Digital X-Ray Devices Market size is expected to reach USD 365.18 million.