Mexico In Vitro Diagnostics Market Size & Outlook, 2025-2028
Mexico In Vitro Diagnostics Market Size
According to Straits Research analysis, the Mexico In Vitro Diagnostics Market was valued at USD 596.82 million in 2024 and is projected to reach USD 762.5 million by 2028, expanding at a CAGR of 6.5% during the forecast period. Primary demand drivers include the rising prevalence of infectious diseases, cardiovascular conditions, growing use in oncology, and increasing emphasis on aging-related health conditions. Other forces at play include accelerated agricultural sector advancements and robust chemical industry growth. Recent trends show a keen interest in sustainability and green manufacturing practices, transforming the sector's dynamic. Also, the country showcases substantial potential for exporting diagnostic kits and instruments, particularly due to the rising global demand. Going forward, Mexico is poised to strengthen its stance in the in vitro diagnostics market, paving the way for significant technological advancements and innovation.
Source: Straits Research Analysis Company Publications, Primary Interviews.
Mexico In Vitro Diagnostics Market Highlights
- Reagents and Kits held the leading position among Product and Services segments in 2024, based on market size.
- Reagents and Kits is projected to post the fastest growth rate, sustaining its position as the most attractive Product and Services segment during the forecast horizon.
- As of 2024, Mexico held 0.72% of the global in vitro diagnostics market size.
- By 2028, United States is anticipated to capture the largest share of the global in vitro diagnostics market.
- In Latin America, Rest of Latin America is expected to lead the regional in vitro diagnostics market size by 2028.
- Mexico will remain the fastest-growing market in Latin America, reaching USD 4707 Million by 2028.
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Report Summary
| Report Scope | Details |
|---|---|
| Base Year for Study | 2024 |
| Study Period | 2020-2028 |
| Historical Period | 2020-2023 |
| Forecast Period | 2025-2028 |
| Market Size In 2024 | USD 596.82 Million |
| Market Size In 2028 | USD 762.5 Million |
| Largest segment | Reagents and Kits |
| Fastest segment | Reagents and Kits |
| Units | Revenue in USD Million |
| CAGR | 6.5% (2025-2028) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Mexico In Vitro Diagnostics Market Share By Product and Services
Segmentation Covered
| Segments | Sub Segments |
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| Product and Services |
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| Technology |
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| Application |
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| End User |
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Mexico In Vitro Diagnostics Market By Product and Services 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Mexico In Vitro Diagnostics Market By Technology 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Mexico In Vitro Diagnostics Market By Application 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Mexico In Vitro Diagnostics Market By End User 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
