Mexico Orthopedic Soft Tissue Repair Market Size & Outlook
Mexico orthopedic soft tissue repair market, 2018-2030 (US$M)
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Mexico orthopedic soft tissue repair market highlights
- The Mexico orthopedic soft tissue repair market generated a revenue of USD 115.1 million in 2023 and is expected to reach USD 218.4 million by 2030.
- The Mexico market is expected to grow at a CAGR of 9.6% from 2024 to 2030.
- In terms of segment, cruciate ligaments repair was the largest revenue generating application in 2023.
- Cruciate Ligaments Repair is the most lucrative application segment registering the fastest growth during the forecast period.
Orthopedic soft tissue repair market data book summary
| Market revenue in 2023 | USD 115.1 million |
| Market revenue in 2030 | USD 218.4 million |
| Growth rate | 9.6% (CAGR from 2023 to 2030) |
| Largest segment | Cruciate ligaments repair |
| Fastest growing segment | Cruciate Ligaments Repair |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Rotator Cuff Repair, Epicondylitis, Achilles Tendinosis Repair, Pelvic Organ Prolapse, Gluteal Tendon Repair, Cruciate Ligaments Repair, Hip Arthroscopy, Biceps Tenodesis |
| Key market players worldwide | Integra Lifesciences Holdings Corp, Arthrex, Smith & Nephew PLC, DePuy Synthes, Stryker Corp, Conmed Corp, Zimmer Biomet Holdings Inc, Boston Scientific Corp, B. Braun, Wright Medical Group |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.7% of the global orthopedic soft tissue repair market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil orthopedic soft tissue repair market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 163.1 million by 2030.
Cruciate ligaments repair was the largest segment with a revenue share of 39.97% in 2023. Horizon Databook has segmented the Mexico orthopedic soft tissue repair market based on rotator cuff repair, epicondylitis, achilles tendinosis repair, pelvic organ prolapse, gluteal tendon repair, cruciate ligaments repair, hip arthroscopy, biceps tenodesis covering the revenue growth of each sub-segment from 2018 to 2030.
Sports such as soccer, basketball, and baseball are highly popular in Mexico and are often responsible for soft tissue injuries. Mexico has 75% participation rate for FIFA World Cup tournament, which increases the risk of sport injuries. As a result, Mexico provides wide growth opportunities for the orthopedic soft tissue repair market.
With high growth opportunities, many players are entering or have already entered the market. Furthermore, the high inclination of Mexican people, mainly younger population, toward sports has led to development of various sports institutes and competitions in the country.
For instance, Street Soccer Mexico A.C., a private nonprofit organization, organizes tournaments and training sessions for Mexican children and youth below the poverty line. Such initiatives encourage Mexicans to participate in sports, thereby providing lucrative growth opportunities for this market.
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Orthopedic Soft Tissue Repair Market Scope
Orthopedic Soft Tissue Repair Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico orthopedic soft tissue repair market size, by application, 2018-2030 (US$M)
Mexico Orthopedic Soft Tissue Repair Market Outlook Share, 2023 & 2030 (US$M)
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