Mexico Diagnostic Labs Market to be dominated by Radiology segment through 2028
Increasing prevalence of obesity among the population is
expected to drive Mexico Diagnostic Market growth in the forecast period, 2024-2028.
According to TechSci Research report, “Mexico Diagnostic Labs Market - Industry
Size, Share, Trends, Opportunity, and Forecast, 2018-2028”, the
Mexico Diagnostic Labs Market is anticipated to grow at an impressive rate in
the forecast period, 2024-2028. This can be ascribed to the growing number
of cases of obesity along with rising prevalence of chronic diseases thus
giving boost to increasing demand for microbiology and diagnostic lab testing,
thereby boosting the growth of Mexico Diagnostic Labs Market. According to
the country’s 2018 National Health and Nutrition Survey, 75 per cent of
Mexicans aged 20 and over are overweight or obese. Evaluation and
accreditation of diagnostic and clinical laboratories is anticipated to play a
significant role in the progress of Mexico Diagnostic Labs Market growth.
Tobacco
smoking, obesity and Diabetes are highly prevalent among population of Mexico. According
to a journal by National library of Medicine Among the population of 65-74
years, much higher cases of diabetes were reported in the country, reportedly
these were 23.8% of men and 26.9% of women among this suffering diabetes.
Population growth, chronic disease occurrence rate, and new & updated technology
acquisition, particularly diagnostic and medical equipment and devices in the
public sector, are factors attributing to growth of this market in Mexico.
Besides, Shortage
of skilled professionals for performing distinct diagnostic techniques and
limited diagnostic equipment availability for chronic diseases is supposed to
hinder the growth of the Mexico diagnostic labs market in the forecast period.
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Mexico
Diagnostic Labs Market can be segmented by Provider Type, by Test Type, by End User
and by region.
Based on the
provider type, the Mexico Diagnostic Labs Market can be segmented into,
Hospital Based Diagnostic Labs, Diagnostic Chains and Stand-Alone Diagnostic
Labs. The Hospital Based Diagnostic Labs segment dominated the market in 2022
can be attributed to the availability of various testing and diagnostic
facilities for the inpatient, outpatients and walk-in patients who are majorly
intending to take diagnosis and then treatment at the Hospital facilities.
Generally, much higher number of tests and disease diagnosis is performed at
regular intervals at the Hospital-based laboratories compared to any other
facility. Further, the Stand-alone diagnostic lab segment is expected to
experience a lucrative growth and rise at a significant rate boosting the
market in the forecast period.
Based on type
of test, the Mexico Diagnostic Labs Market can be segmented into pathology and
radiology segment. The Radiology segment is dominating the market in 2022 and
will continue its dominance throughout the forecast period. This can be
attributed to the increased demand of radiological services and rising
prevalence of chronic diseases requiring more radiological testing such as
X-ray, ultrasounds to get the chronic disease diagnosis monitored and regulated
at an early stage.
Based on end
user, the Mexico Diagnostic Labs Market can be segmented into Walk-ins,
Referrals and Corporate Clients. The walk-ins segment dominated the market in
2022 and will maintain its dominance throughout the forecast period. This can
be attributed to the higher number of patients visiting the diagnostic labs and
clinics more frequently to get their testing and diagnosis at an early stage
and thereby driving the Mexico diagnostic labs Market Growth.
Based on
region Northern Mexico is dominating the Mexico Diagnostic labs market as
the highest number in terms of Medical and Diagnostic Laboratories the states
with the highest affinity were Sonora (0.7), Chihuahua (0.7), Coahuila de
Zaragoza (0.67), Nuevo León (0.67), and Baja California (0.65). According to
DENUE 2022, Medical and Diagnostic Laboratories registered in the region were
around 15,147. The states with the highest number of diagnostic labs were
Veracruz de Ignacio de la Llave (1,319), Estado de México (1,218), and Jalisco
(1,041).
Major companies operating in Mexico
Diagnostic Market are:
- Laboratorio Médico del Chopo
- Estudios Clínicos Dr. T.J. Oriard SA de CV
- Quest Diagnostics Incorporated
- Diagno
- Salud Digna
- Omicron Lab (Omnigenomics)
- Lans Laboratorios de Referencia, S.A. de C.V
Companies operating in the market are
following strategies such as mergers & acquisitions, new service launches,
collaborations, etc. in order to stay competitive and have an edge over other
players operating in the industry.
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“Adoption
of sedentary lifestyle in the country especially among the youth is
contributing to an increase in prevalence of different diseases such as
diabetes, cardiovascular problems, obesity, among others. This requires regular
diagnosis and monitoring of these diseases, contributing to demand for
diagnostic labs. Additionally, increasing healthcare awareness among the
population and changing attitudes of the people towards preventive healthcare
further boosts the market growth.” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“Mexico Diagnostic Labs Market By Provider Type
(Hospital Based Diagnostic Labs, Diagnostic Chains, Stand Alone Diagnostic
Labs), By Test Type (Pathology, Radiology), By End User (Walk-ins, Referrals,
Corporate Clients), By Region, Competition, Forecast & Opportunities,
2018-2028F”, has evaluated
the future growth potential of Mexico Diagnostic Labs Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Mexico Diagnostic Market.
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