Mexico In-Vitro Diagnostics Market, By Technique (Clinical Chemistry, Molecular Diagnostics, Immuno Diagnostics, Hematology, and Other Techniques), By Product (Instrument, Reagent, and Other Products), By Usability (Disposable IVD Devices and Reusable IVD Devices), By Application (Infectious Diseases, Cancer/Oncology, Cardiology, Autoimmune Disease, Diabetes Nephrology, and Other Applications), and By End User (Diagnostic laboratories, Hospitals and Clinics, and Other End Users) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028
Healthcare providers rely on a variety of tools to diagnose various diseases or conditions and guide treatment decisions. Among the most common and widely used are in vitro diagnostics (IVDs). IVD helps detect diseases or infections, and can be used to monitor overall health of the patient to help treat, cure, or prevent diseases. IVD is used as a diagnostic tool by clinicians for faster diagnosis and to ensure timely treatment for patients. IVD medical devices are tests performed on biological samples taken from the human body to determine overall health.
Market Dynamics:
Rising geriatric population and subsequent growth in the prevalence of chronic and infectious diseases is expected to boost the growth of the Mexico in-vitro diagnostics market during the forecast period. The number and proportion of people aged 65 years and older in the population is increasing. For instance, according to the AARP International (Mexico), Mexico's population age 65 and older is expected to grow by around 277% from 8.2 million in 2015 to reach over 30 million by 2050. Mexico's healthy life expectancy at birth is estimated by WHO at 68 years, which is nine years less than the total life expectancy for the country at birth. Despite the slight increase in healthy life expectancy, population is expected to face increasing chronic disease, disability, and morbidity due to lifestyle trends resulting in obesity and diabetes.
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