Market Size of Mexico Neurology Devices Industry
| Study Period | 2018 - 2028 |
| Base Year For Estimation | 2021 |
| Forecast Data Period | 2024 - 2028 |
| Historical Data Period | 2018 - 2020 |
| CAGR | 6.20 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Mexico Neurology Devices Market Analysis
The Mexico Neurology Devices Market is expected to grow with a CAGR of 6.2% in the forecast period. The key factors propelling the growth of the market are the increasing incidence of neurological disorders and the rising aging population. The increasing incidence of neurological disorders like brain aneurysms, brain tumors, epilepsy, memory disorders, multiple sclerosis, Parkinson’s disease, peripheral neuropathy, post-herpetic neuralgia, spinal cord tumor, and stroke. These neurological diseases mostly occur in the elder population which is in a huge number in the country.
The National Council for the Evaluation of Social Development Policy (CONEVAL 2018) reports that 7.8% of the population in Mexico is 65 years old or older. The increasing elderly population is expected to increase the incidence of chronic neurological diseases that in turn boosts the demand of the devices. However, the high cost of the devices is restraining market growth.
