Market size and recent performance (2009-2024)
Industry revenue has grown at a CAGR of 2.2% over the past five years, to reach an estimated $19.6bn in 2019.
Trends and Insights
- Improvements in technology have also enabled rising productivity, which has also boosted revenue
- Additional trends and insights available with purchase
Biggest companies in the Diagnostic & Medical Laboratories in Mexico
| Company
2019 | Market Share (%)
2019 | Revenue ($m)
2019 | Profit ($m)
2019 | Profit Margin (%)
2019 |
|---|---|---|---|---|
Quest Diagnostics Incorporated | ||||
Diagno | ||||
Laboratorio Médico del Chopo |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Products & Services Segmentation
Industry revenue is measured across several distinct product and services lines, including Routine clinical testing, Gene-based and esoteric testing services and Pathology testing. Routine clinical testing is the largest segment of the Diagnostic & Medical Laboratories in Mexico.
Trends and Insights
• Routine clinical testing accounts for the largest share of total industry revenue, at an estimated 56.0% in 2019.
- Routine tests are used to monitor important bodily health parameters, such as the functions of the kidney, heart, liver, thyroid and other organs.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
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.
What's included in this industry?
Provide medical analysis and diagnostic testsPerform biopsies, blood tests and exudate testingConduct paraclinical tests, such as x-rays, ultrasounds and MRIsPerform nonroutine clinical analysis and testsRoutine clinical testingGene-based and esoteric testing servicesPathology testingAll other services and testing typesCompanies
Quest Diagnostics IncorporatedDiagnoLaboratorio Médico del ChopoPurchase this report to view all 4 major companies in this industry.
Related Terms
ASSAYSESOTERIC TESTINGPATHOLOGYIndustry Code
NAICS 62151MX - Diagnostic & Medical Laboratories in Mexico
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Consumer spending. This driver tracks consumer spending on all goods and services in Mexico. Increased consumer spending, suggesting underlying growth in disposable income, dr...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2009-2018) and forecast (2019-2024)
- Employees, including historical (2009-2018) and forecast (2019-2024)
- Businesses, including historical (2009-2018) and forecast (2019-2024)
- Profit, including historical (2009-2019)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
• Routine clinical testing accounts for the largest share of total industry revenue, at an estimated 56.0% in 2019. Routine tests are used to monitor important bodily hea...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2019
- Product innovation level
Charts
- Products & services segmentation in 2019
- Major market segmentation in 2019
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The location of Diagnostic and Medical Laboratories industry establishments is primarily concentrated according to population and the level of economic activity. As a result, ...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2019
Tables
- Number and share of establishments in each region in 2019
- Number and share of revenue each region accounts for in 2019
- Number and share of wages each region accounts for in 2019
- Number and share of employees in each region in 2019
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Access to highly skilled workforce. Industry operators must be able to access a highly trained and educated workforce. Industry operations tend to be labor intensive and requi...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2014-2019
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Quest Diagnostics Mexico S de RL de CV is a subsidiary of Quest Diagnostics Incorporated (Quest Diagnostics), a New Jersey-based provider of diagnostic information services. Q...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2015 through 2019
- Major companies in the industry, including market share, revenue, profit and profit margin in 2019
- Overview of Quest Diagnostics Incorporated's performance by revenue, market share and profit margin from 2013 through 2019
- Overview of Diagno's performance by revenue, market share and profit margin from 2013 through 2019
- Overview of Laboratorio Médico del Chopo's performance by revenue, market share and profit margin from 2013 through 2019
- Overview of revenue, market share and profit margin trend for one additional company
Detailed analysis
- Description and key data for Quest Diagnostics Incorporated, and factors influencing its performance in the industry
- Description and key data for Diagno, and factors influencing its performance in the industry
- Description and key data for Laboratorio Médico del Chopo, and factors influencing its performance in the industry
- Description, key data and performance trends for one additional company
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The level of regulation for the Diagnostic and Medical Laboratories industry is high. Under Mexico's General Health Law, all establishments involved in the collection, analysi...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
Detailed analysis
- Demographic and macroeconomic factors influencing the industry
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2009-2024)
- IVA (2009-2024)
- Establishments (2009-2024)
- Enterprises (2009-2024)
- Employment (2009-2024)
- Exports (2009-2024)
- Imports (2009-2024)
- Wages (2009-2024)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
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 market 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.
Widen your competitive advantage with related industries
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