Mexico Prosthetics And Orthotics Market Size & Outlook
Mexico prosthetics and orthotics market, 2017-2030 (US$M)
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Mexico prosthetics and orthotics market highlights
- The Mexico prosthetics and orthotics market generated a revenue of USD 81.5 million in 2022 and is expected to reach USD 124.4 million by 2030.
- The Mexico market is expected to grow at a CAGR of 5.4% from 2023 to 2030.
- In terms of segment, orthotics was the largest revenue generating type in 2022.
- Prosthetics is the most lucrative type segment registering the fastest growth during the forecast period.
Prosthetics and orthotics market data book summary
| Market revenue in 2022 | USD 81.5 million |
| Market revenue in 2030 | USD 124.4 million |
| Growth rate | 5.4% (CAGR from 2022 to 2030) |
| Largest segment | Orthotics |
| Fastest growing segment | Prosthetics |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Orthotics, Prosthetics |
| Key market players worldwide | Ottobock, Ossur, Blatchford, WillowWood, Ultraflex Systems, Steeper Group, Bauerfeind, Aether Biomedical |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.2% of the global prosthetics and orthotics market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil prosthetics and orthotics 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 124.4 million by 2030.
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Prosthetics And Orthotics Market Scope
Prosthetics And Orthotics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico prosthetics and orthotics 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 prosthetics and orthotics market will help companies and investors design strategic landscapes.
Orthotics was the largest segment with a revenue share of 75.21% in 2022. Horizon Databook has segmented the Mexico prosthetics and orthotics market based on orthotics, prosthetics covering the revenue growth of each sub-segment from 2017 to 2030.
According to IDF report, there were around 12,030,100 people with diabetes living in Mexico as of 2017 and the prevalence is around 14.8%. As per ARSOBO, around 786,100 amputees are living in northern Mexico in 2017.
The ARSOBO Prosthetic Workshop & Clinic works in collaboration with Hanger Corporation for manufacturing and selling high-end prosthetics at subsidized rates. In 2015, as per a report by UN, 10.1% of the total population is aged 60 or above and it is estimated to reach 24.6% by 2050.
Thus, increase in the demand for prosthetics, collaborations between NGOs & large market players, and rise in geriatric population are among the factors expected to drive market growth in Mexico.
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Our clientele includes a mix of prosthetics and orthotics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico prosthetics and orthotics market , including forecasts for subscribers. This country databook contains high-level insights into Mexico prosthetics and orthotics market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico prosthetics and orthotics market size, by type, 2017-2030 (US$M)
Mexico Prosthetics And Orthotics Market Outlook Share, 2022 & 2030 (US$M)
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