Mexico Surgical Equipment Market Size & Outlook, 2023-2030
Mexico surgical equipment market, 2018-2030 (US$M)
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Mexico surgical equipment market highlights
- The Mexico surgical equipment market generated a revenue of USD 241.4 million in 2023 and is expected to reach USD 504.7 million by 2030.
- The Mexico market is expected to grow at a CAGR of 11.1% from 2024 to 2030.
- In terms of segment, surgical sutures & staplers was the largest revenue generating product in 2023.
- Electrosurgical Devices is the most lucrative product segment registering the fastest growth during the forecast period.
Surgical equipment market data book summary
| Market revenue in 2023 | USD 241.4 million |
| Market revenue in 2030 | USD 504.7 million |
| Growth rate | 11.1% (CAGR from 2023 to 2030) |
| Largest segment | Surgical sutures & staplers |
| Fastest growing segment | Electrosurgical Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Surgical Sutures & Staplers, Handheld Surgical Devices, Electrosurgical Devices |
| Key market players worldwide | Johnson & Johnson, Zimmer Biomet Holdings Inc, B. Braun, Smith & Nephew PLC, Stryker Corp, Aspen Group Inc, Medtronic PLC, BD |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.4% of the global surgical equipment market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil surgical equipment 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 504.7 million by 2030.
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Surgical Equipment Market Scope
Surgical Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico surgical equipment 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 surgical equipment market will help companies and investors design strategic landscapes.
Surgical sutures & staplers was the largest segment with a revenue share of 46.15% in 2023. Horizon Databook has segmented the Mexico surgical equipment market based on surgical sutures & staplers, handheld surgical devices, electrosurgical devices covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico surgical equipment market is anticipated to grow significantly due to the rising geriatric population in the country. Older individuals are at a higher risk of getting chronic diseases that surgeries can treat. The rising older population is expected to create lucrative opportunities for market players.
The rise in the prevalence of chronic illnesses such as cardiovascular diseases is further anticipated to increase the need for surgical interventions, boosting the demand for surgical equipment that helps in various surgeries.
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Target buyers of Mexico surgical equipment market databook
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Our clientele includes a mix of surgical equipment 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 surgical equipment market , including forecasts for subscribers. This country databook contains high-level insights into Mexico surgical equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico surgical equipment market size, by product, 2018-2030 (US$M)
Mexico Surgical Equipment Market Outlook Share, 2023 & 2030 (US$M)
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