Market Trends of Mexico Digital X-Ray Devices Industry
This section covers the major market trends shaping the Mexico Digital X-Ray Devices Market according to our research experts:
Cancer Holds Significant Share in Application Segment
The digital x-ray technology utilization in cancer diagnosis applications is expected to grow in Mexico in the coming years. The factors that are responsible for the growth of this segment include the high burden of cancer in the population and research studies of digital x-rays in diagnosing cancer cases. The burden of diseases like cancer has increased significantly in Mexico over the last few years. For instance, according to the International Agency for Research on Cancer published Globocan 2020 report, the total number of cancer cases in Mexico in the year 2020 was 195,499. The report also stated that the number of deaths amounted to 90,222. The high burden of cancer disorders is expected to boost the market growth for digital x-ray devices for diagnosis. This is expected to boost the market growth as there will be greater demand for digital x-ray devices for Cancer applications.
Many companies are involved in launching new products or expanding their presence in the country. For instance, in September 2020, Nanox entered into an exclusive distribution agreement with SPI Medical for the deployment of 630 Nanox.ARC units in Mexico, to improve the standard of care for Mexican people. This will positively influence market growth.
Hence, the above-mentioned factors are further expected to improve the market growth in this segment.
