Minimally Invasive Spinal Implants Market Size, Share & Trends Analysis | Brazil | 2024-2030 | MedSuite | Includes: MIS Interbody Devices, MIS Pedicle Screws, and 5 more
In 2023, the Brazil minimally invasive spinal implant market was valued at over $22 million. With a projected CAGR of 10%, the market is expected to more than double, reaching over $43 million by 2030.
The report suite on the Brazilian minimally invasive spinal implant market includes several key segments: MIS interbody devices, MIS pedicle screws, spinous process fixation, facet fixation, MIS sacroiliac joint fusion, spine endoscopes, and MIS spine instrumentation. Many segments are expected to grow due to consistent demand for these procedures driven by patient demographics. However, certain segments face declines due to competing technologies and challenges such as currency fluctuation.
Key Market Data Insights:Data Types: Unit Sales, Average Selling Prices, Market Value & Growth Trends
Forecast Period: Projections until 2030, with historical data from 2020
Analysis: Market drivers, limiters, and competitive landscape for each segment
Competitive Breakdown: Market shares, mergers, and acquisitions
Additional Insights: Procedure numbers, company profiles, and SWOT analysis for key competitors
Trends in the Brazil Minimally Invasive Spinal Implant Market
A major factor driving growth in the Brazilian minimally invasive spinal implant (MIS) market is the increasing emphasis on physician training. MIS techniques offer many benefits, such as reduced recovery times and lower complication rates, but each approach requires specific training. Physicians need expertise in the unique tools and techniques for each procedure, particularly within the LLIF (lateral lumbar interbody fusion) segment, where product-specific training is crucial.
As more Brazilian physicians become proficient in these procedures, the adoption of MIS is expected to rise. This growth is projected to expand the MIS interbody market and contribute to the broader maturation of the MIS segment in Brazil.
Market Share InsightsZimVie/Highridge Medical: In 2023, ZimVie/Highridge Medical held the largest share of the Brazilian MIS spine market. Its presence in both the private and public sectors has enhanced brand recognition and surgeon familiarity, aiding the adoption of new technologies. The company's strong growth in Brazil has also been supported by its strategic use of third-party vendors.
Globus Medical/NuVasive: Ranked second in 2023, Globus Medical/NuVasive has significantly expanded its footprint, particularly after their merger. The company led the MIS interbody segment and held the second-largest share in the spinous process fixation market, while also maintaining strong positions in the MIS pedicle screw and facet fixation markets.
DePuy Synthes: DePuy Synthes was the third-largest competitor in the Brazilian MIS spine market. It held strong positions across multiple segments, including facet fixation, MIS interbody, and MIS pedicle screws.
Market Segmentation Overview
MIS Interbody Device Market:
Types: MIPLIF, MITLIF, LLIF, OLIF
MIS Pedicle Screw Market:
Types: Percutaneous Cannulated, Retractor Cannulated, Retractor Non-Cannulated
Spinous Process Fixation Market
Facet Fixation Market
MIS Sacroiliac Joint Fusion Market
Spine Endoscope Market:
Includes Endoscopes and Spine Endoscope Instrumentation
MIS Surgery Instrumentation Market
Research Scope Summary
Regions Covered: Brazil (Latin America)
Base Year: 2023
Forecast Period: 2024-2030
Historical Data: 2020-2022
Quantitative Coverage: Market Size, Procedure Volume, Market Shares, Growth Rates, Units Sold, Average Selling Prices
Qualitative Coverage: COVID-19 Impact, Growth Trends, Competitive Analysis, SWOT, Mergers & Acquisitions, Company Profiles, and Product Portfolios
Data Sources: Primary interviews with industry leaders, government physician data, regulatory data, hospital private data, import/export data, and iData Research's internal database.