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Diagnostic & Medical Laboratories in Mexico Industry Data and Analysis
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What's included in this industry analysis
IBISWorld's research coverage on the Diagnostic & Medical Laboratories industry in Mexico includes market sizing, forecasting, data and analysis from 2009-2024. The most recent publication was released June 2019.
About this industry
What's this industry report about?
The Diagnostic & Medical Laboratories industry in Mexico operates under the NAICS industry code 62151MX. The Diagnostic and Medical Laboratories industry has experienced stable growth over the five years to 2019. The industry comprises establishments that provide medical analysis and diagnostic services, including biopsies, blood tests, exudate testing, x-rays and ultrasounds. During the five-year period, industry revenue has increased an annualized 2.2% to MXN$19.6 billion in 2019, including a 2.5% increase in revenue in 2019. Growing disposal income, stable health insurance coverage and a growing incidence of chronic diseases, including diabetes and obesity, has driven overall healthcare expenditure. This trend has driven demand for industry services as a result. Related terms covered in the Diagnostic & Medical Laboratories industry in Mexico include assays, esoteric testing and pathology.
What's included in this industry?
Products and services covered in Diagnostic & Medical Laboratories industry in Mexico include Routine clinical testing, Gene-based and esoteric testing services and Pathology testing.
What companies are included in this industry?
Companies covered in the Diagnostic & Medical Laboratories industry in Mexico include Quest Diagnostics Incorporated, Diagno and Laboratorio Médico del Chopo.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Diagnostic & Medical Laboratories industry in Mexico.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Diagnostic & Medical Laboratories industry in Mexico.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Diagnostic & Medical Laboratories industry in Mexico.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Diagnostic & Medical Laboratories industry in Mexico. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Diagnostic & Medical Laboratories industry in Mexico. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Diagnostic & Medical Laboratories industry in Mexico. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Diagnostic & Medical Laboratories industry in Mexico. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Diagnostic & Medical Laboratories industry in Mexico.
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Frequently Asked Questions
What is the estimated market size of the Diagnostic & Medical Laboratories industry in Mexico in 2019?
The market size of the Diagnostic & Medical Laboratories industry in Mexico is $19.6bn in 2019.
How many businesses are there in the Diagnostic & Medical Laboratories in Mexico industry in 2019?
There are 14,961 businesses in the Diagnostic & Medical Laboratories industry in Mexico, which has declined at a CAGR of 4.6% between 2014 and 2019.
Has the Diagnostic & Medical Laboratories industry in Mexico grown or declined over the past 5 years?
The market size of the Diagnostic & Medical Laboratories industry in Mexico has been at a CAGR of 2.2% between 2014 and 2019.
What is the forecast growth of the Diagnostic & Medical Laboratories industry in Mexico over the next 5 years?
The Diagnostic & Medical Laboratories in Mexico market is forecast to over the five years from 2019 to 2024
What are the biggest companies in the Diagnostic & Medical Laboratories industry in Mexico?
The biggest companies operating in the Diagnostic & Medical Laboratories market in Mexico are Quest Diagnostics Incorporated, Diagno and Laboratorio Médico del Chopo
What does the Diagnostic & Medical Laboratories in Mexico include?
Provide medical analysis and diagnostic tests and Perform biopsies, blood tests and exudate testing are part of the Diagnostic & Medical Laboratories industry.
Which companies have the highest market share in the Diagnostic & Medical Laboratories in Mexico?
The company holding the most market share in Mexico is Quest Diagnostics Incorporated.
How many people are/were employed in the Diagnostic & Medical Laboratories in Mexico in 2019?
There are 53,710 employed in the Diagnostic & Medical Laboratories industry in Mexico 2019.
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