Mexico Orthopedic Regenerative Surgical Products Market Size & Outlook
Mexico orthopedic regenerative surgical products market, 2016-2030 (US$M)
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Mexico orthopedic regenerative surgical products market highlights
- The Mexico orthopedic regenerative surgical products market generated a revenue of USD 50.9 million in 2022 and is expected to reach USD 82.6 million by 2030.
- The Mexico market is expected to grow at a CAGR of 6.2% from 2023 to 2030.
- In terms of segment, viscosupplements was the largest revenue generating product in 2022.
- Synthetic is the most lucrative product segment registering the fastest growth during the forecast period.
Orthopedic regenerative surgical products market data book summary
| Market revenue in 2022 | USD 50.9 million |
| Market revenue in 2030 | USD 82.6 million |
| Growth rate | 6.2% (CAGR from 2022 to 2030) |
| Largest segment | Viscosupplements |
| Fastest growing segment | Synthetic |
| Historical data | 2016 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Allografts, Synthetic, Cell-based, Viscosupplements |
| Key market players worldwide | Anika Therapeutics Inc, Vericel Corp, Baxter International Inc, Zimmer Biomet Holdings Inc, Stryker Corp, Smith & Nephew PLC, BioTissue, MiMedx Group Inc, Arthrex, AlloSource, VSY Biotechnology, Aptissen |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.2% of the global orthopedic regenerative surgical products market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil orthopedic regenerative surgical products 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 82.6 million by 2030.
Key Regions: Brazil , U.S. , UK , Japan , South Africa
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Orthopedic Regenerative Surgical Products Market Scope
Orthopedic Regenerative Surgical Products Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico orthopedic regenerative surgical products 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 orthopedic regenerative surgical products market will help companies and investors design strategic landscapes.
Viscosupplements was the largest segment with a revenue share of 41.45% in 2022. Horizon Databook has segmented the Mexico orthopedic regenerative surgical products market based on allografts, synthetic, cell-based, viscosupplements covering the revenue growth of each sub-segment from 2016 to 2030.
Mexico is the second-largest developed economy in Latin America after Brazil. Higher healthcare spending capacity is resulting in greater demand for advanced healthcare services. As a result, adoption of innovative products and minimally invasive surgeries is higher in Mexico.
Increasing demand for products supporting orthopedic surgery is anticipated to propel market growth during the forecast period. In addition, Mexico is a preferred destination for esthetic surgeries due to presence of skilled surgeons and healthcare facilities providing treatment at cheaper costs.
Regulatory product approval process is less stringent since the incorporation of fast-track program in 2010 by COFEPRIS. This program allows the approval of medical devices cleared by the U.S. FDA and Health Canada in 3 to 6 months. However, on the other hand, inadequate reimbursement is one of the major factors hindering growth.
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Our clientele includes a mix of orthopedic regenerative surgical products market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico orthopedic regenerative surgical products market , including forecasts for subscribers. This country databook contains high-level insights into Mexico orthopedic regenerative surgical products market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico orthopedic regenerative surgical products market size, by product, 2016-2030 (US$M)
Mexico Orthopedic Regenerative Surgical Products Market Outlook Share, 2022 & 2030 (US$M)
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