Mexico Respiratory Devices Market - Growth, Trends, and Forecasts (2020-2025)

The Mexican respiratory devices market is expected to witness rapid growth, which is expected to register a CAGR of 11.82%, during the forecast period,

The high growth can be a result of various factors, such as the increasing prevalence of respiratory disorders, like COPD, TB, asthma, and sleep apnea the technological advancements in the devices, and increasing applications in the homecare settings. There is a high prevalence of severe asthma in the Mexican region that has helped in the growth of the overall market.

Acute respiratory infections are found to be the leading cause of morbidity and mortality in Mexico. There is a wide range of respiratory viruses and diseases that circulates in Mexico and constitute a risk for the whole population.

Thus these diseases, along with other respiratory diseases, such as pneumonia and lung cancer, have been the major causes for the rise in the hospitalization rates. Hence, the adoption rate and demand for respiratory diseases are expected to grow consistently, over the forecast period.

Key Market Trends

Spirometers is Expected to Grow in the Respiratory Devices Market, over the Forecast Period

Spirometers help in diagnosing respiratory diseases, such as asthma, emphysema, bronchitis, and COPD. Furthermore, they can also be used to assess shortness of breath, lung function before surgery, and the effect of medication. Spirometers are also used in pulmonary tests to measure the air inhaled into and exhaled out of the lungs. They provide a simple way of measuring lung volume and capacity. There are various recent technological advancements in the field of spirometry includes the development of small portable spirometers and the increasing accuracy, acceptability, and reproducibility of assessments with immediate feedback to the technician.

Thus, fueled by the recent technological advancements, the applications of spirometers make it easier for the patient to use this diagnostic device, and is thus, increasingly adopted in hospitals and home care, globally.

Competitive Landscape

The companies present in the market are found to be involved in contributing to technological advancements and innovations of these respiratory devices. Also, receiving approvals from regulatory authorities for new product launch will render the company with competitive advantage.

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