Mexico: Diagnostic Equipment Market 2025

Diagnostic Equipment Market Size in Mexico

After three years of growth, the Mexican diagnostic equipment market decreased by -18.9% to $X in 2021. In general, consumption, however, continues to indicate prominent growth. Diagnostic equipment consumption peaked at $X in 2020, and then dropped remarkably in the following year.

Diagnostic Equipment Production in Mexico

In value terms, diagnostic equipment production reduced to $X in 2021 estimated in export price. In general, the total production indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +76.9% against 2016 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 40% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then fell in the following year.

Diagnostic Equipment Exports

Exports from Mexico

For the third consecutive year, Mexico recorded growth in shipments abroad of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus, which increased by 34% to X units in 2021. Over the period under review, exports, however, showed a abrupt descent. Over the period under review, the exports reached the peak figure at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, diagnostic equipment exports rose to $X in 2021. Overall, total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +8.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +104.6% against 2012 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 20%. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

The United States (X units) was the main destination for diagnostic equipment exports from Mexico, accounting for a approx. 2,108% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +11.3%.

In value terms, the United States ($X) also remains the key foreign market for electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus exports from Mexico.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +8.2%.

Export Prices by Country

In 2021, the average diagnostic equipment export price amounted to $X per unit, falling by -23.8% against the previous year. Over the period under review, the export price, however, continues to indicate strong growth. The growth pace was the most rapid in 2016 when the average export price increased by 380% against the previous year. The export price peaked at $X per unit in 2020, and then contracted significantly in the following year.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for Belgium amounted to +18.0% per year.

Diagnostic Equipment Imports

Imports into Mexico

After two years of growth, purchases abroad of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus decreased by -33.2% to X units in 2021. In general, imports saw a deep slump. The pace of growth was the most pronounced in 2013 when imports increased by 25% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, diagnostic equipment imports reduced notably to $X in 2021. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 20%. Over the period under review, imports attained the maximum at $X in 2020, and then dropped markedly in the following year.

Imports by Country

The United States (X units), China (X units) and Malaysia (X units) were the main suppliers of diagnostic equipment imports to Mexico.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of +30.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Malaysia ($X) constituted the largest diagnostic equipment suppliers to Mexico, with a combined 71% share of total imports. These countries were followed by Israel, India, Germany, Japan and Ireland, which together accounted for a further 16%.

In terms of the main suppliers, Ireland, with a CAGR of +32.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average diagnostic equipment import price amounted to $X per unit, growing by 20% against the previous year. In general, the import price continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2014 when the average import price increased by 35% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Israel ($X per unit), while the price for Ireland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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