Mexico Minimally Invasive Surgical Instruments Market Size & Outlook
Mexico minimally invasive surgical instruments market, 2018-2030 (US$M)
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Mexico minimally invasive surgical instruments market highlights
- The Mexico minimally invasive surgical instruments market generated a revenue of USD 898.3 million in 2023 and is expected to reach USD 1,924.7 million by 2030.
- The Mexico market is expected to grow at a CAGR of 11.5% from 2024 to 2030.
- In terms of segment, handheld instruments was the largest revenue generating type in 2023.
- Electrosurgical Devices is the most lucrative type segment registering the fastest growth during the forecast period.
Minimally invasive surgical instruments market data book summary
| Market revenue in 2023 | USD 898.3 million |
| Market revenue in 2030 | USD 1,924.7 million |
| Growth rate | 11.5% (CAGR from 2023 to 2030) |
| Largest segment | Handheld instruments |
| Fastest growing segment | Electrosurgical Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Handheld Instruments, Inflation Devices, Cutter Instruments, Guiding Devices, Electrosurgical Devices, Auxiliary Devices, Monitoring & Visualization Devices |
| Key market players worldwide | Medtronic PLC, Siemens Healthineers AG ADR, Johnson & Johnson, GE HealthCare Technologies Inc Common Stock, Abbott Laboratories, Intuitive Surgical Inc, Zimmer Biomet Holdings Inc |
Other key industry trends
- In terms of revenue, Mexico accounted for 2.8% of the global minimally invasive surgical instruments market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil minimally invasive surgical instruments market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 1,924.7 million by 2030.
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Minimally Invasive Surgical Instruments Market Scope
Minimally Invasive Surgical Instruments Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico minimally invasive surgical instruments market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to minimally invasive surgical instruments market will help companies and investors design strategic landscapes.
Handheld instruments was the largest segment with a revenue share of 21.86% in 2023. Horizon Databook has segmented the Mexico minimally invasive surgical instruments market based on handheld instruments, inflation devices, cutter instruments, guiding devices, electrosurgical devices, auxiliary devices, monitoring & visualization devices covering the revenue growth of each sub-segment from 2018 to 2030.
The healthcare system is dominated by private players, and healthcare delivery through private entities in Mexico operates entirely as a free market. As of 2019, Mexico had over 4,707 operating hospitals and is one of the major hubs for medical device export in the LATAM and Europe. This provides a tremendous opportunity for minimally invasive surgical instruments market players to gain a competitive advantage.
According to Angeles Health International, more than 5 million patients undergo minimally invasive procedures each year in Mexico. Moreover, cost of surgical treatment in Mexico is anticipated to increase the demand for minimally invasive surgical procedures in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico minimally invasive surgical instruments market , including forecasts for subscribers. This country databook contains high-level insights into Mexico minimally invasive surgical instruments market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico minimally invasive surgical instruments market size, by type, 2018-2030 (US$M)
Mexico Minimally Invasive Surgical Instruments Market Outlook Share, 2023 & 2030 (US$M)
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