Forecast: Production of Human Health Services in Mexico

Between 2013 and 2023, the production of human health services in Mexico has shown an overall steady growth, starting at 556.66 billion Mexican Pesos in 2013 and reaching 910.7 billion Mexican Pesos in 2023.

Key milestones in production value include significant year-on-year increases, particularly in 2014 (5.26%), 2015 (7.05%), 2017 (8.06%), and 2018 (7.88%). The Compound Annual Growth Rate (CAGR) has shown a decreasing trend from 9.5% in 2013 to around 3.35% in 2023, indicating a slowing growth rate. The last two years (2022-2023) had modest year-on-year improvements with 1.4% and 3.25% respectively.

Forecasts from 2024 to 2028 indicate continued growth, though at a slower pace, with a forecasted 5-year CAGR of 2.17%. By 2028, production is expected to reach 1046.7 billion Mexican Pesos, an 11.35% growth over the next five years.

Future trends to watch for include the impact of technological advancements in healthcare, increased government spending, and potential disruptions due to economic or political changes. The focus on preventive healthcare and digital health solutions could also play a significant role in shaping the market in the coming years.