Albany NY, United States: The Mexico ophthalmic devices market is expected to witness moderate growth during the forecast period between 2021 and 2031.
Albany NY, United States: The Mexico ophthalmic devices market is expected to witness moderate growth during the forecast period between 2021 and 2031.
An ophthalmic device is a medical equipment, which is designed for diagnosis, surgery, and vision correction.
The demand for ophthalmic healthcare has been on the rise in Mexico in the last few years. A factor behind the increased demand is the emergence and development of medical tourism in the country.
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Mexico Ophthalmic Devices Market - Trends and Opportunities
Rising healthcare demand in Mexico and an increase in medical tourists have been the key growth drivers for the Mexico ophthalmic devices market.
Rapid expansion in the pharmaceutical industry in Mexico and fresh regulations, with increased attention given to the ophthalmic devices segment, are expected to fuel the growth in the Mexico ophthalmic devices market, in the coming years.
The elderly population in Mexico have been found to be more prone to contract eye-related disorders, which is expected to bolster the Mexico ophthalmic devices market.
Government initiatives and measures in future could also be key to the growth and development of the Mexico ophthalmic devices market, in the coming years.
The contact lenses product segment is expected to make the largest contribution to the overall Mexico ophthalmic devices market, in the years ahead.
Factors such as greater awareness about the advantages of contact lenses is expected to drive the demand for contact lenses in Mexico.
Increasing eye disorders among the population, in particular the elderly population, is also anticipated to bolster the contact lenses demand.
Other aspects such as lack of requirement of regular cleaning is also expected to propel the contact lenses demand.
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Cataract surgery devices are expected to be the second largest contributor to the overall Mexico ophthalmic devices market, in the years to come.
The hospitals and clinics end-use segment is expected to make the largest contribution to the Mexico ophthalmic devices market, in the coming years.
Mexico Ophthalmic Devices Market - Competitive Landscape
The Mexico ophthalmic devices market has several leading players, many of whom are expected to account for a large share in the overall market, in the coming years.
Prominent players in the Mexico ophthalmic devices market are expected to make huge investments in research and development activities in the coming years in a bid to produce improved quality of products, which will meet the customer requirements and improve the consumer base.
Well-established players in the Mexico ophthalmic devices market could also establish R&D centers that would function exclusively to produce improved quality of products and make improvements to existing ophthalmic devices, as well.
R&D undertakings are expected to be a key growth strategy for the Mexico ophthalmic devices market players, in the coming years.
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Leading players in the Mexico ophthalmic devices market are also expected to collaborate with the lesser-known players in a bid to expand their market presence and increase their revenue share.
The smaller players in the Mexico ophthalmic devices market will seek investments from government and private investors, which could them in their long-term growth.
Some of the leading players in the Mexico ophthalmic devices market include Johnson & Johnson, Nidek Co. Ltd., Alcon Inc., Essilor International SA, and Carl Zeiss.
Mexico Ophthalmic Devices Market - Regional Assessment
The developments in the healthcare sector in Mexico is expected to help bolster the growth in the Mexico ophthalmic devices market, in future.
The demand for ophthalmic devices has risen in Mexico from clinicians at several levels such as surgery, vision care, and diagnosis, which is expected to propel the overall ophthalmic devices market, in the country.
Owing to these factors, Mexico is expected to be the leader in the ophthalmic devices market, among all the Latin America countries, in the years ahead.
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