Hospitals in Mexico - Market Research Report (2014-2029)
New York, United States
Last Updated: January 2024
NAICS 62211MXRevenue
$67.9bn
Past 5-Year Growth
Profit
$XX.Xbn
Employees
110k
Businesses
2,224
Wages
$XX.Xbn
Hospitals in Mexico industry analysis
The COVID-19 pandemic has profoundly impacted Mexico's healthcare system, claiming a substantial number of lives and triggering a drop in hospital revenues throughout 2020. Despite these challenges, COVID-19 catalyzed critical changes in the nation's healthcare landscape. A notable shift is the swift uptake of telemedicine services. The ability to offer remote medical consultations has reduced the risk of in-person appointments and signified a significant transition in hospital operations. Despite a rebound by the end of the period, industry-wide revenue had a slight dip at a CAGR of 0.3% through 2024 and is expected to total MXN 67.9 billion in 2024, when revenue will jump by an estimated 1.3% and profit sits at 18.3% of revenue.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of -0.3% over the past five years, to reach an estimated $67.9bn in 2024.
Trends and Insights
- The COVID-19 pandemic has profoundly impacted Mexico's healthcare system, claiming a substantial number of lives and triggering a drop in hospital revenues throughout 2020. Despite these challenges, COVID-19 catalyzed critical changes in the nation's healthcare landscape.
- Additional trends and insights available with purchase
Biggest companies in the Hospitals in Mexico
| Company
2024 | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Star Medica Hospitals | ||||
Christus Health | ||||
Angeles Health International |
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 Obstetrics and Gynecology, Pediatrics and Internal Medicine. Obstetrics and Gynecology is the largest segment of the Hospitals in Mexico.
Trends and Insights
<LI>Hospital Services vary by type of service as well as type of payor</LI><LI>With the number of beds as an indicator for usage and revenue, Obstetrics and Gynecology services provide the most beds, followed by Pediatrics and Internal Medicine in second and third place, respectively.
- Almost half the hospital beds are allocated for Surgery, Trauma, and Other services.</LI><LI>However, the payments for these diverse services vary greatly. Individuals without social security are almost twice as likely to seek hospital services compared to total hospital services' share of total health expenditure. Over half of the IMNSS-Wellbeing healthcare payments are spent on curative hospital care.</LI>
- More insights available in the full report
Widen you competitive advantage with related industries
Related Domestic Industries
- This industry produces medical supplies that are used in hospitals.
- Pharmacies and hospitals are driven by people's ability to afford healthcare.
- Healthcare providers often outsource testing services to standalone laboratories.
- This industry manufacturers products used in hospitals.
Table of Contents
About this industry
Industry definition
The COVID-19 pandemic has profoundly impacted Mexico's healthcare system, claiming a substantial number of lives and triggering a drop in hospital revenues throughout 2020. Despite these challenges, COVID-19 catalyzed critical changes in the nation's healthcare landscape. A notable shift is the swift uptake of telemedicine services. The ability to offer remote medical consultations has reduced the risk of in-person appointments and signified a significant transition in hospital operations. Despite a rebound by the end of the period, industry-wide revenue had a slight dip at a CAGR of 0.3% through 2024 and is expected to total MXN 67.9 billion in 2024, when revenue will jump by an estimated 1.3% and profit sits at 18.3% of revenue.
What's included in this industry?
Obstetrics and gynecology servicesPediatrics servicesInternal medicine servicesSurgery servicesTrauma and other servicesObstetrics and GynecologyPediatricsInternal MedicineSurgeryTrauma and OtherCompanies
Star Medica HospitalsChristus HealthAngeles Health InternationalPurchase this report to view all 4 major companies in this industry.
Related Terms
HEALTHCARE NETWORKINPATIENTOUTPATIENTIndustry Code
NAICS 62211MX - Hospitals 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
Percentage of Population with Health Insurance in Mexico. Health Insurance is crucial for hospital performance since many patients pay for services using insurance. As the ins...
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 (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- 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
<B>Products and Services </B>. <LI>Hospital Services vary by type of service as well as type of payor</LI><LI>With the number of beds as an indicator for usage and revenue, Ob...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
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
<B>Establishment locations linked with population density</B>. <LI>Mexico City and the State of Mexico are among the most populated areas in the southwestern region, comprisin...
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 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
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 the latest available and most efficient technology and techniques. Hospitals must acquire the most advanced equipment to stay competitive.
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 2019-2024
- 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
Star Medica Hospitals (Star Medica) is a network of hospitals and healthcare facilities with locations throughout Mexico. Founded in 2000, Star Medica operates 15 hospitals in...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Star Medica Hospitals's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Christus Health's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Angeles Health International's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for one additional company
Detailed analysis
- Description and key data for Star Medica Hospitals, and factors influencing its performance in the industry
- Description and key data for Christus Health, and factors influencing its performance in the industry
- Description and key data for Angeles Health International, 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
<B>Federal General Health Law (Ley General de Salud) </B>
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 (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources globally include:
- United Nations Comtrade
- Organization for Economic Cooperation & Development
- World Bank
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the estimated market size of the Hospitals industry in Mexico in 2024?
The market size of the Hospitals industry in Mexico is $67.9bn in 2024.
How many businesses are there in the Hospitals in Mexico industry in 2024?
There are 2,224 businesses in the Hospitals industry in Mexico, which has declined at a CAGR of 2.9% between 2019 and 2024.
Has the Hospitals industry in Mexico grown or declined over the past 5 years?
The market size of the Hospitals industry in Mexico has been at a CAGR of -0.3% between 2019 and 2024.
What is the forecast growth of the Hospitals industry in Mexico over the next 5 years?
The Hospitals in Mexico market is forecast to over the five years from 2024 to 2029
What are the biggest companies in the Hospitals market in Mexico?
The biggest companies operating in the Hospitals market in Mexico are Star Medica Hospitals, Christus Health and Angeles Health International
What does the Hospitals in Mexico include?
Obstetrics and gynecology services and Pediatrics services are part of the Hospitals industry.
Which companies have the highest market share in the Hospitals in Mexico?
The company holding the most market share in Mexico is Star Medica Hospitals.
How many people are/were employed in the Hospitals in Mexico in 2024?
There are 110k employed in the Hospitals industry in Mexico 2024.
