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

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

In 2023, the Mexico minimally invasive spinal implant (MIS) market was valued at approximately $13 million. This market is projected to grow at a CAGR of 8.9%, reaching nearly $24 million by 2030.

The report suite on the Mexican market for minimally invasive spinal implants includes segments such as MIS interbody devices, MIS pedicle screws, spinous process fixation, facet fixation, MIS sacroiliac joint fusion, spine endoscopes, and MIS spine instrumentation.

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 Mexico Minimally Invasive Spinal Implant Market
A critical driver of the Mexico minimally invasive spinal implant market is the longstanding recognition of instrumented spinal fusions as the gold standard for spinal implant surgeries. Insurance providers in Mexico acknowledge the necessity of these procedures, often leading to full reimbursement for fusion and fixation surgeries. This favorable reimbursement environment is helping to fuel the growth of the market.

Additionally, there is significant investment in private healthcare in Mexico, which is contributing to the expansion of the minimally invasive spine surgery market. Private hospitals and specialized surgical centers are increasingly equipped with advanced technologies, thereby improving access to MIS procedures.

Market Share Insights

ZimVie/Highridge Medical: In 2023, ZimVie/Highridge Medical led the Mexican MIS spinal implant market, dominating the MIS pedicle screw and spinous process fixation segments, while also maintaining a strong position in the MIS interbody device market.
DePuy Synthes: Ranked second, DePuy Synthes held the leading market share in both the facet fixation and MIS interbody device segments, while also maintaining a solid foothold in the MIS pedicle screw market.
Medtronic: Medtronic secured the third spot in the Mexican MIS market, with notable shares across several key segments, including MIS interbody device, MIS pedicle screw, spinous process fixation, and facet fixation markets.

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: Mexico (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.