Minimally Invasive Spinal Implants Market Size, Share & Trends Analysis - Colombia - 2024-2030 - MedSuite - Includes: MIS Interbody Devices, MIS Pedicle Screws, and 5 more

Minimally Invasive Spinal Implants Market Size, Share & Trends Analysis | Colombia | 2024-2030 | MedSuite | Includes: MIS Interbody Devices, MIS Pedicle Screws, and 5 more

In 2023, Colombia’s minimally invasive spinal implant (MIS) market was valued at nearly $19 million. The market is projected to grow at a CAGR of 9.3%, reaching approximately $35 million by 2030.

The report suite on the Colombian market for minimally invasive spinal implants includes key segments such as MIS interbody devices, MIS pedicle screws, spinous process fixation, facet fixation, MIS sacroiliac joint fusion, spine endoscopes, and MIS spine instrumentation. The market's growth is driven by increasing adoption of advanced surgical techniques, a growing elderly population, and improvements in healthcare infrastructure.

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 Colombia Minimally Invasive Spinal Implant Market
The Colombia MIS spinal implant market is driven primarily by the rising prevalence of spinal disorders such as degenerative disc disease and spinal stenosis. With an aging population, the demand for minimally invasive procedures is expected to increase.

Additionally, private healthcare investment is playing a crucial role in equipping more facilities with advanced technologies needed for MIS procedures. There is also increasing adoption of endoscopic spine surgery, which offers less invasive options for spinal fusion and decompression. As more Colombian physicians receive specialized training and facilities invest in this technology, the use of endoscopic techniques is expected to expand, contributing to market growth.

Market Share Insights

ZimVie/Highridge Medical: In 2023, ZimVie/Highridge Medical led the Colombian MIS spinal implant market, holding substantial shares in the spinous process fixation, MIS pedicle screw, and MIS interbody device segments. It was the top performer in both the MIS pedicle screw and spinous process fixation markets.
DePuy Synthes: Ranked second, DePuy Synthes dominated the facet fixation and MIS interbody device segments, while also maintaining a notable presence in the MIS pedicle screw market.
Globus Medical/NuVasive: After their merger, Globus Medical/NuVasive became the third-largest competitor in the Colombian MIS spine market. The company held significant shares across several segments, including MIS interbody, MIS pedicle screw, spinous process fixation, and facet fixation.
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: Colombia (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.