Mexico Sports Medicine Market Size & Outlook, 2023-2030
Mexico sports medicine market, 2018-2030 (US$M)
Related Markets
Mexico sports medicine market highlights
- The Mexico sports medicine market generated a revenue of USD 103.5 million in 2023 and is expected to reach USD 189.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 9.1% from 2024 to 2030.
- In terms of segment, body reconstruction & repair was the largest revenue generating product in 2023.
- Body Reconstruction & Repair is the most lucrative product segment registering the fastest growth during the forecast period.
Sports medicine market data book summary
| Market revenue in 2023 | USD 103.5 million |
| Market revenue in 2030 | USD 189.9 million |
| Growth rate | 9.1% (CAGR from 2023 to 2030) |
| Largest segment | Body reconstruction & repair |
| Fastest growing segment | Body Reconstruction & Repair |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Body Reconstruction & Repair, Body Support & Recovery, Body Monitoring & Evaluation, Accessories |
| Key market players worldwide | Smith & Nephew PLC, Stryker Corp, Zimmer Biomet Holdings Inc, Arthrex, Enovis Corp, DePuy Synthes, Johnson & Johnson, Conmed Corp, Mueller Industries Inc, Orthofix Medical Inc, Performance Health, Karl Storz |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.9% of the global sports medicine market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil sports medicine market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 275.0 million by 2030.
Body reconstruction & repair was the largest segment with a revenue share of 39.61% in 2023. Horizon Databook has segmented the Mexico sports medicine market based on body reconstruction & repair, body support & recovery, body monitoring & evaluation, accessories covering the revenue growth of each sub-segment from 2018 to 2030.
Many North America-based medical device companies are establishing their units in Mexico owing to the availability of cheap labor and the presence of abundant resources in the country. For instance, a medical devices manufacturer—Stryker Corporation—has established its unit in Mexico to increase its geographic reach.
This is likely to boost the demand for sports medicine in the country. Mexico is the second-largest developing economy in Latin America after Brazil. Higher healthcare spending capacity is resulting in increased demand for advanced healthcare services.
There is higher adoption of innovative products and minimally invasive surgeries in Mexico. Thus, the demand for products used in minimally invasive surgeries is anticipated to increase during the forecast period.
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Sports Medicine Market Scope
Sports Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico sports medicine market size, by product, 2018-2030 (US$M)
Mexico Sports Medicine Market Outlook Share, 2023 & 2030 (US$M)
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