Spinal Implants Market Size, Share & Trends Analysis | Mexico | 2024-2030 | MedSuite | Includes: Cervical Fixation Market, Thoracolumbar Fixation Market, and 4 more
In 2023, the Mexico spinal implant and VCF market reached a valuation exceeding $135 million. Projected to grow at a CAGR of 6.1%, the market is expected to surpass $205 million by 2030.
This comprehensive report on the Mexican spinal implant and VCF market covers various segments, including traditional cervical and thoracolumbar fixation devices, interbody devices, motion preservation devices, VCF treatment, electrical stimulation devices, and spinal surgery 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 Spinal Implant MarketThe growing interest in minimally invasive surgery (MIS) in Mexico is noteworthy, although its adoption still lags behind more advanced markets. MIS is gaining popularity due to its advantages of shorter recovery times and fewer complications. As Mexico's healthcare infrastructure improves and technology becomes more accessible, MIS techniques are expected to see broader adoption.
However, the country’s healthcare system remains largely hospital-focused, with a lower rate of outpatient procedures compared to other Latin American countries. This presents obstacles to the widespread adoption of advanced surgical technologies. Still, efforts are underway to enhance primary care services and transition toward a more integrated healthcare model.
Market Share InsightsZimVie/Highridge Medical: The market leader in 2023, with significant shares in cervical fixation, thoracolumbar fixation, and interbody device segments. ZimVie's extensive product portfolio and strong distribution networks have enabled close collaboration with local distributors and institutions.
Medtronic: The second-largest player, leading in the VCF segment due to its PVA device, but deriving a majority of its revenue from other segments. Notably absent in the electrical stimulation segment.
DePuy Synthes: Ranked third, with its largest presence in the interbody device segment, although much of its revenue comes from its fixation devices.
Market Segmentation OverviewCervical Fixation Devices:
Anterior: Constrained, Semi-Constrained, Dynamic, Bioresorbable
Posterior: Cable/Wiring, Screw/Rod, Occipitocervical
Thoracolumbar Fixation Devices:
Degenerative Treatments:
Approach: Anterior, Posterior
Levels Treated: Single-Level, Two-Level, Multi-Level
Deformity Correction, Trauma, Tumor Treatments
Interbody Devices:
Types: ALIF, PLIF, TLIF, CIF, VBR/Corpectomy, Expandable, Standalone
Motion Preservation Devices:
Types: Artificial Disc, Dynamic Stabilization, Vertebral Body Tethering
Vertebral Compression Fracture Devices:
Types: Vertebroplasty, Percutaneous Vertebral Augmentation
Spinal Electrical Stimulation Devices:
Anatomy: Cervical, Lumbar
Spinal Surgery Instrumentation
Research Scope SummaryRegions 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.