Key Market Indicators
The Mexican diagnostic reagent import market is projected to reach approximately $361 million by 2028. This marks an increase from around $333 million in 2023, reflecting an average annual growth rate of 1.3%. Since 1995, the demand for diagnostic reagents in Mexico has seen a steady rise, averaging an increase of 1.8% per year. On the export front, Mexico reported diagnostic reagent exports totaling nearly $3.9 million in 2018, up from about $3.8 million in 2017. This represents a 1.6% increase from the previous year. Despite this recent uptick, the long-term trend since 1995 shows a decline in Mexican diagnostic reagent supply, with an average annual decrease of 3.4%.
