In 2023, the number of radiation therapy equipment units in Mexico stood at 305. The year-on-year variation from 2022 was a modest growth of 3.04%. The last two years showcase a stable growth pattern with a year-on-year growth of 4.96% and 3.04% respectively in 2022 and 2023. Over the past five years, the compound annual growth rate (CAGR) was 2.7%, indicating moderate annual growth in the sector.
The forecast for the next five years (2024-2028) anticipates an average growth rate of 2.19% per year, with a cumulative growth rate of 11.46% over the period. These projections suggest a consistent but gradual increase in the number of radiation therapy equipment units in the market.
Future trends to watch for include advancements in radiation therapy technology, potential increases in healthcare funding, and demographic changes such as an aging population that might drive higher demand for radiation therapy equipment in Mexico.
