Mexico Endoscopy Devices Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The Mexico Endoscopy Devices Market is segmented by Type of Device (Endoscopy Device, Endoscopic Operative Device, and Visualization Devices) and Application.

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Mexico Endoscopy Devices Market Size

Mexico Endoscopy Devices Market
Study Period 2018 - 2028
Base Year For Estimation 2021
Forecast Data Period 2023 - 2028
Market Size (2023) USD 0.82 Billion
Market Size (2028) USD 1.22 Billion
CAGR (2023 - 2028) 8.42 %

Major Players

Mexico Endoscopy Devices Market

*Disclaimer: Major Players sorted in no particular order
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Mexico Endoscopy Devices Market Analysis

The Mexico Endoscopy Devices Market size is estimated at USD 0.82 billion in 2023, and is expected to reach USD 1.22 billion by 2028, growing at a CAGR of 8.42% during the forecast period (2023-2028).

Certain factors that are driving the market growth include the increasing demand for minimally invasive surgeries, 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. Benefits associated with minimally invasive surgeries, such as increased safety, decreased scarring, faster recovery, and reduced length of hospital stay, increase the preference for these surgical techniques over other techniques. 
  • The laparoscopy surgery is one of the most preferred type of minimally invasive surgeries that is performed across the country. Laparoscopic surgery has been witnessing a number of developments for the treatment of colon and gastric cancer, and cholecystectomy. Hence, rising awareness among the Mexican population regarding minimally invasive procedures and growing prevalence of chronic diseases, nationwide, are boosting the demand for endoscopy devices.
  • However, several hygiene issues have been arising due to the use of endoscopes in multiple patients. These endoscopes are fitted with cameras and sensors and should be sterilized and disinfected after every use. Contaminated endoscopes are the medical devices regularly associated with outbreaks of healthcare-associated infections. Flexible endoscopes may become heavily contaminated with blood, secretions, and micro-organisms, and are also difficult to clean and disinfect. Endoscopes have revolutionized the treatment and prevention of certain diseases, but they are also imposing the risk of infection that is associated with the usage of the devices, thus negatively impacting the growth of the market studied.

Mexico Endoscopy Devices Market Trends

This section covers the major market trends shaping the Mexico Endoscopy Devices Market according to our research experts:

The Capsule Endoscope Segment is Expected to Show Lucrative Growth

Capsule endoscopy is an effective, automatic, simple, and painless method of imaging the mucosa of the digestive tract. It has numerous potential applications and a rising role in the digestive pathological examination. The market for capsule endoscope is expected to be driven by favorable reimbursement policies, technological advancements, and an increasing number of new players in the market. The usage of a capsule endoscope not only makes a patient’s visits to the hospitals/clinics more comfortable but also lowers the examination costs, while offering proper treatment. A capsule endoscope is designed as a disposable device after use. This eliminates any possibility of in-hospital infection, as in the case of conventional endoscopy.

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Mexico Endoscopy Devices Industry Overview

The market is moderately competitive and consists of a number of major players. Companies, like Boston Scientific Corporation, Conmed Corporation, Cook Medical, Ethicon Endo-Surgery (Johnson and Johnson), Fujifilm Holdings, Medtronic PLC, Olympus Corporation, Richard Wolf GmbH, and STERIS Corporation, among others, hold the substantial market share in the Mexican endoscopy devices market.

Mexico Endoscopy Devices Market Leaders

  1. Boston Scientific Corporation

  2. Conmed Corporation

  3. Fujifilm Holdings

  4. Medtronic PLC

  5. STERIS Corporation

*Disclaimer: Major Players sorted in no particular order

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Mexico Endoscopy Devices Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Demand for Minimally Invasive Surgeries

      2. 4.2.2 Increasing Prevalence of Endoscopy for Treatment and Diagnosis

      3. 4.2.3 Technological Advancements Leading to Enhanced Applications

    3. 4.3 Market Restraints

      1. 4.3.1 Lack of Skilled Technicians

      2. 4.3.2 Infections Caused by Endoscopes

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type of Device

      1. 5.1.1 Endoscopy Device

        1. 5.1.1.1 Rigid Endoscope

        2. 5.1.1.2 Flexible Endoscope

        3. 5.1.1.3 Capsule Endoscope

        4. 5.1.1.4 Other Endoscopy Devices

      2. 5.1.2 Endoscopic Operative Device

      3. 5.1.3 Visualization Device

    2. 5.2 Application

      1. 5.2.1 Gastroenterology

      2. 5.2.2 Pulmonology

      3. 5.2.3 Urology

      4. 5.2.4 Cardiology

      5. 5.2.5 Gynecology

      6. 5.2.6 Other Applications

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Boston Scientific Corporation

      2. 6.1.2 Conmed Corporation

      3. 6.1.3 Cook Medical

      4. 6.1.4 Ethicon Endo-Surgery (Johnson and Johnson)

      5. 6.1.5 Fujifilm Holdings

      6. 6.1.6 Medtronic PLC

      7. 6.1.7 Olympus Corporation

      8. 6.1.8 Richard Wolf GmbH

      9. 6.1.9 STERIS Corporation

    2. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape Covers - Business Overview, Financials, Products and Strategies, and Recent Developments
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Mexico Endoscopy Devices Industry Segmentation

As per the scope of the report, 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.

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

The Mexico Endoscopy Devices Market size is expected to reach USD 0.82 billion in 2023 and grow at a CAGR of 8.42% to reach USD 1.22 billion by 2028.

In 2023, the Mexico Endoscopy Devices Market size is expected to reach USD 0.82 billion.

Boston Scientific Corporation, Conmed Corporation, Fujifilm Holdings, Medtronic PLC and STERIS Corporation are the major companies operating in the Mexico Endoscopy Devices Market.

Mexico Endoscopy Devices Industry Report

Statistics for the 2023 Mexico Endoscopy Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mexico Endoscopy Devices analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Mexico Endoscopy Devices Report Snapshots

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