Mexico Craniomaxillofacial Devices Market Size & Outlook
Mexico craniomaxillofacial devices market, 2018-2030 (US$M)
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Mexico craniomaxillofacial devices market highlights
- The Mexico craniomaxillofacial devices market generated a revenue of USD 9.9 million in 2023 and is expected to reach USD 18.3 million by 2030.
- The Mexico market is expected to grow at a CAGR of 9.2% from 2024 to 2030.
- In terms of segment, cmf plate and screw fixation was the largest revenue generating product in 2023.
- CMF Distraction is the most lucrative product segment registering the fastest growth during the forecast period.
Craniomaxillofacial devices market data book summary
| Market revenue in 2023 | USD 9.9 million |
| Market revenue in 2030 | USD 18.3 million |
| Growth rate | 9.2% (CAGR from 2023 to 2030) |
| Largest segment | Cmf plate and screw fixation |
| Fastest growing segment | CMF Distraction |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cranial Flap Fixation, CMF Distraction, Temporomandibular Joint Replacement, Thoracic Fixation, Bone Graft Substitute, CMF Plate and Screw Fixation |
| Key market players worldwide | DePuy Synthes, Stryker Corp, Medtronic PLC, B. Braun, Renishaw PLC, Medartis Holding AG Ordinary Shares, KLS Martin Group, Xilloc, Zimmer Biomet Holdings Inc, Synimed |
Other key industry trends
- In terms of revenue, Mexico accounted for 0.5% of the global craniomaxillofacial devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Mexico craniomaxillofacial devices market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 13.7 million by 2030.
Cmf plate and screw fixation was the largest segment with a revenue share of 72.73% in 2023. Horizon Databook has segmented the Mexico craniomaxillofacial devices market based on cranial flap fixation, cmf distraction, temporomandibular joint replacement, thoracic fixation, bone graft substitute, cmf plate and screw fixation covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico is a popular medical destination for the U.S. and Canadian citizens. Proximity to the U.S. and comparatively lower travel & medical costs are the major factors drawing Canadians and Americans to Mexico for various treatments, including craniotomy & other neurological surgeries.
According to a survey by the medical tourism group, Patients Beyond Borders, in 2013, ~500,000 Americans made dental appointments abroad. Dental tourism in nations such as Mexico, Costa Rica, Malaysia, Thailand, and the Czech Republic help save up to 70% of the total dental health costs.
In addition, Mexico is highly populated and has the fifth highest rate of traffic accidents in Latin America. Increasing number of road accidents due to poor traffic sense is another major reason driving the growth of the CMF devices market in the country.
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Craniomaxillofacial Devices Market Scope
Craniomaxillofacial Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico craniomaxillofacial devices market size, by product, 2018-2030 (US$M)
Mexico Craniomaxillofacial Devices Market Outlook Share, 2023 & 2030 (US$M)
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