Revenue in the medical technology market in Belize 2029

The revenue in the medical technology market in Belize was forecast to continuously increase between 2024 and 2029 by in total 4.6 million U.S. dollars (+25.25 percent). After the eleventh consecutive increasing year, the revenue is estimated to reach 22.78 million U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the medical technology market was continuously increasing over the past years.

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Revenue in the medical technology market in Belize from 2018 to 2029 (in million U.S. dollars)

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Release date

August 2024

More information

Region

Belize

Survey time period

2018 to 2029

Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:
The Medical Technology market covers devices and products used for prevention, diagnosis, and treatment of diseases. Next to pharmaceuticals, they form the most important category of medical products. The most well known medical technology products are, among others, pacemakers, imaging instruments, dialysis machines, and implants.

Structure:
The Medical Technology market consists of two markets, In Vitro Diagnostics (IVD) and Medical Devices. The IVD market covers products used for medical laboratory testing of specimens derived from the human body. The Medical Devices market covers a broad range of products which are further marketed into medical specialties or types of application: Cardiology Devices, Diagnostic Imaging Devices, Orthopedic Devices, Ophthalmic Devices, and General & Plastic Surgery Devices. The Other Medical Devices market provides information on additional areas that are not covered by the main markets.

Additional information:
Market values represent revenues paid to primary vendors at manufacturer price level either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Revenues are allocated to the country where the money is spent.

Company examples: Medtronic, Johnson & Johnson, Abbott Laboratories, Siemens Healthineers.
Further information on the key players can be found in the Market Shares boxes.

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