Mexico Spinal Implants And Devices Market Size & Outlook
Mexico spinal implants and devices market, 2018-2030 (US$M)
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Mexico spinal implants and devices market highlights
- The Mexico spinal implants and devices market generated a revenue of USD 291.3 million in 2023 and is expected to reach USD 478.0 million by 2030.
- The Mexico market is expected to grow at a CAGR of 7.3% from 2024 to 2030.
- In terms of segment, spinal fusion devices was the largest revenue generating product in 2023.
- Vertebral Compression Fracture Treatment Devices is the most lucrative product segment registering the fastest growth during the forecast period.
Spinal implants and devices market data book summary
| Market revenue in 2023 | USD 291.3 million |
| Market revenue in 2030 | USD 478.0 million |
| Growth rate | 7.3% (CAGR from 2023 to 2030) |
| Largest segment | Spinal fusion devices |
| Fastest growing segment | Vertebral Compression Fracture Treatment Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Spinal Fusion Devices, Spinal Biologics, Vertebral Compression Fracture Treatment Devices, Non-fusion Devices, Spinal Bone Growth Stimulators |
| Key market players worldwide | Medtronic PLC, Johnson & Johnson, Stryker Corp, NuVasive, Zimmer Biomet Holdings Inc, Globus Medical Inc Class A, Alphatec Spine, Orthofix Medical Inc, Ulrich Medical USA, B. Braun, RTI Surgical - cardiothoracic closure, SeaSpine |
Other key industry trends
- In terms of revenue, Mexico accounted for 2.2% of the global spinal implants and devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil spinal implants and devices 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 478.0 million by 2030.
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Spinal Implants And Devices Market Scope
Spinal Implants And Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico spinal implants and devices 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 spinal implants and devices market will help companies and investors design strategic landscapes.
Spinal fusion devices was the largest segment with a revenue share of 59.46% in 2023. Horizon Databook has segmented the Mexico spinal implants and devices market based on spinal fusion devices, spinal biologics, vertebral compression fracture treatment devices, non-fusion devices, spinal bone growth stimulators covering the revenue growth of each sub-segment from 2018 to 2030.
Owing to the unstable reimbursement policies, cost of spinal surgeries is escalating globally. Mexico is termed as the core of medical tourism, thus people from most of the American countries travel to Mexico to undergo spinal surgeries at a comparatively lower cost. Consequently, the spinal implants and devices market in this country is on the rise.
The rising demand for disc replacement surgeries along with the improved standard of quality of surgeries provided in Mexico is spurring the market growth. The prevalence of spinal cord injuries as per a study is estimated at approximately 18.1 per million with the frequency of occurrence restricted to the ages between 16 to 35 years.
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Our clientele includes a mix of spinal implants and devices 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 spinal implants and devices market , including forecasts for subscribers. This country databook contains high-level insights into Mexico spinal implants and devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico spinal implants and devices market size, by product, 2018-2030 (US$M)
Mexico Spinal Implants And Devices Market Outlook Share, 2023 & 2030 (US$M)
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