Hospitals - Mexico

  • Mexico
  • The projected revenue in the Hospitals market in Mexico is expected to reach MXN US$35.38bn by 2024.
  • It is anticipated that the market will experience an annual growth rate (CAGR 2024-2028) of 2.17%, resulting in a market volume of MXN US$38.55bn by 2028.
  • In comparison to other countries, in the United States is expected to generate the highest revenue in the Hospitals market, reaching US$1,476.00bn by 2024.
  • When considering the population size, the per person revenue generated in Mexico's Hospitals market is estimated to be MXN US$273.40 in 2024.
  • In Mexico, the trend in the hospital market is an increasing demand for private healthcare services due to concerns over the quality and accessibility of public hospitals.

Key regions: United States, China, Germany, Japan, Europe

Region comparison

Analyst Opinion

The healthcare industry in Mexico has experienced significant growth in the past few years, with hospitals being a crucial part of the sector.

Customer preferences:
Mexican patients are increasingly seeking high-quality healthcare services, which has led to a rise in demand for specialized medical facilities. Patients prefer hospitals that offer advanced medical technologies, modern infrastructure, and highly qualified medical staff. Additionally, patients are now more concerned about the overall experience they receive during their hospital stay, including factors such as cleanliness, comfort, and personalized care.

Trends in the market:
One of the major trends in the Mexican hospital market is the increasing popularity of private hospitals. Private hospitals offer patients a higher standard of care and greater access to specialized medical services. This trend has been driven by the growing middle class in Mexico, who are willing to pay more for better healthcare services. Another trend is the development of medical tourism in Mexico, with an increasing number of patients from the United States and Canada seeking medical treatment in Mexico due to lower costs.

Local special circumstances:
Mexico's healthcare system is a mix of public and private healthcare providers. Public hospitals are often overcrowded and underfunded, leading to long wait times and lower quality of care. This has led to an increasing demand for private hospitals, which offer patients a higher standard of care and greater access to specialized medical services. Additionally, Mexico has a large population of expatriates, who often seek medical care in private hospitals due to the language barrier and lack of trust in the public healthcare system.

Underlying macroeconomic factors:
Mexico's healthcare industry has been growing rapidly in recent years, driven by a number of macroeconomic factors. The country has a large and growing middle class, which has led to an increasing demand for high-quality healthcare services. Additionally, Mexico has a large population of aging baby boomers, who require more medical care as they age. Finally, the government has been investing heavily in healthcare infrastructure and medical technologies, which has helped to drive growth in the industry.


Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on revenue received by hospitals from public or private sources, allocated to the country where the money is spent, including VAT if applicable.

Modeling approach / Market size:

Market sizes are determined by a bottom-up approach, based on a specific rationale for each market market. Next, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, public health spend, and GDP. This data helps us estimate the market size for each country individually.


In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.


  • Revenue
  • Analyst Opinion
  • Hospitals
  • Hospital beds
  • Demographics
  • Global Comparison
  • Methodology
  • Key Market Indicators
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