Mexico Artificial Intelligence (AI) in Diagnostics Market Analysis

Mexico Artificial Intelligence (AI) in Diagnostics Market Analysis


$ 3999

Mexico's Artificial Intelligence (AI) in the diagnostics market is projected to grow from $15 Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022-2030. The market will be driven by the rising frequency of chronic illnesses and the availability of cutting-edge information technology. The market is segmented by component & by diagnosis. Some of the major players include IBM Watson Health, Siemens Healthineers & PROSPERiA.

ID: IN10MXDH002 CATEGORY: Digital Health GEOGRAPHY: Mexico AUTHOR: Vidhi Upadhyay

Buy Now

Mexico Artificial Intelligence (AI) in Diagnostics Market Executive Summary

The Mexico Artificial Intelligence (AI) in the diagnostics market is projected to grow from $15 Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022 - 2030. Mexico's healthcare system is a hybrid of state and private providers. The private healthcare sector is equally important in Mexico's healthcare system, particularly for those who can afford it. Private healthcare institutions are often seen to provide better treatment than public facilities, but for a greater cost. According to WHO statistics from 2020, the number of coronary heart disease deaths in Mexico reached 116,238 (or 18.83% of total fatalities).

The usage of diagnostic AI in Mexico is rapidly increasing, with exciting research and initiatives taking place in a range of medical fields like radiology, pathology, oncology, cardiology, neurology, and others. While there are still challenges to overcome, such as regulatory limits and data availability problems, the potential benefits of diagnostic AI are considerable, and it is projected to play an increasingly important role in Mexico’s healthcare in the future years. Artificial intelligence (AI) is expected to have a substantial impact on Mexico’s medical practice.

mexico artificial intelligence in diagnostics market

Market Dynamics

Market Growth Drivers

Mexico unveiled its Artificial Intelligence (AI) plan in 2018. In addition, in 2018, nine organizations from various sectors formed the IA2030Mx citizen alliance, emphasizing the need for a nationwide, interdisciplinary, multi-sector, and inclusive exercise to establish a plan of action that would benefit the government, academia, civil society, and industry. Furthermore, the rising frequency of chronic illnesses, the rising need for more precise and effective diagnostic solutions, and the availability of cutting-edge information technology are likely to propel market growth.

Market Restraints

The lack of standardized healthcare data is one of the most significant challenges. AI systems cannot be properly taught without a consistent and dependable dataset. Furthermore, there may be privacy and security considerations that limit the sharing of healthcare data. Another issue is the shortage of trained workers. AI algorithms necessitate the development and maintenance of trained individuals, and Mexico may experience a scarcity of workers with essential abilities.

Competitive Landscape

Key Players

  • IBM Watson Health
  • Siemens Healthineers
  • Philips Healthcare
  • GE Healthcare
  • Google Health
  • Lunit Inc.
  • PROSPERiA (MEX)
  • Unima (MEX)
  • Thermy (MEX)

Notable Deals

  1. February 2023, GE HealthCare to Acquire Caption Health The acquisition adds AI-enabled image guiding to the ultrasound device portfolios of GE HealthCare's $3 billion Ultrasound division
  2. In June 2022, PROSPERiA, an AI-based firm, acquired $2 Mn in seed funding to increase the scope of its diagnostic solutions to the rest of Mexico. PROSPERiA's solutions for identifying chronic illnesses in developing markets, which were first introduced in 2021, have already been utilized to screen 10,000 patients, discovering over 4,500 probable pathologies

Healthcare Policies and Regulatory Landscape

The Federal Commission for Protection against Sanitary Risks (COFEPRIS), a decentralized Ministry of Health entity, is in charge of applying and enforcing the regulatory framework with respect to pharmaceuticals, biologicals, and medical devices. The General Health Law (Ley General de Salud) (HL) and its Regulations are the major pieces of law regulating the authorization, price, and reimbursement of medical devices. COFEPRIS's Guidelines and Official Norms (NOMS) augment these laws and regulations.

Reimbursement Scenario

Social security institutions solely oriented to formal workers, with funding coming from the federal government, the employer, and the employee, such as the Mexican Institute of Social Security (IMSS), Institute of Social Security for State Workers (ISSSTE), Specialised state entities for representatives of the military and navy force (ISSFAM), PEMEX Medical Services, for Mexican petroleum workers, and Public institutions exclusively directed to formal workers, such as the: Mexican Institute of Social Security (IMSS), Institute of Social Security for State Workers (ISSSTE), Specialised public institutions for (INSABI). as well as public health institutes.

1. Executive Summary
1.1 Digital Health Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Digital Health Policy in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Artificial Intelligence (AI) in Diagnostics Market Segmentation

  • By Component Outlook Type (Revenue, USD Billion):
    • Software
    • Hardware
    • Services
  • By Diagnosis Outlook Type (Revenue, USD Billion):
    • Cardiology
    • Oncology
    • Pathology 
    • Radiology
    • Chest and Lung
    • Neurology
    • Others

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

 

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain a high level of accuracy and consistency. The market data is analyzed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, and market share as well as a segment-level analysis of the specific market. Our report includes precise, to-the-point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

 

 

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.

We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and their impact on the different segments within the market.

Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current, and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumption.

The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

To request a free sample copy of this report, please complete the form below.


We value your inquiry and offer free customization with every report to fulfil your exact research needs.

The rising frequency of chronic illnesses and the availability of cutting-edge information technology are the major drivers of Artificial Intelligence (AI) in the diagnostics market in Mexico.

IBM Watson Health, Siemens Healthineers, Philips Healthcare, GE Healthcare, Google Health, AliveCor, Inc., Lunit Inc., PROSPERiA, Unima & Thermy are the major players in the Artificial Intelligence (AI) in the Diagnostics market in Mexico.

Artificial Intelligence (AI) in the diagnostics market in Mexico is segmented by component and by diagnosis.


This report addresses

  • Intelligent insights to take informed business decisions
  • Qualitative, acute and result oriented market analysis
  • Market size and forecasts from 2022 to 2030
  • Opportunities for expansion and in-depth market analysis
  • Segmentation and regional revenue forecasts
  • Analysis of the market share and competitive landscape
  • Strategic Recommendations to chart future course of action
  • Comprehensive Market Research Report in PDF and PPT formats

Need more?

  • Ask our analyst how this study was put together to learn more
  • Discuss additional requirements as part of the free customisation
  • Add more countries or regions to the scope 
  • Get answers to specific business questions 
  • Develop the business case to launch the product
  • Find out how this report may influence your business revenue
Last updated on: 01 March 2023
Updated by: Ritu Baliya

Related reports (by category)


Related reports (by geography)


subscribe to our newsletter
up