Product Description
Overall, the Colombia’s minimally invasive spinal implant market was valued at nearly $19 million in 2023. This is expected to increase over the forecast period at a CAGR of 9.3% to reach nearly $35 million.
The full report suite on the Colombian market for minimally invasive spinal implants includes segments for MIS interbody devices, MIS pedicle screws, spinous process fixation, facet fixation, MIS sacroiliac joint fusion, spine endoscopes and MIS spine instrumentation. Growth in the Colombian market is anticipated across several segments due to increasing adoption of advanced surgical techniques, a growing aging population and improving healthcare infrastructure.
MARKET REPORT DATA TYPES INCLUDED
- Unit Sales, Average Selling Prices, Market Value & Growth Trends
- Forecasts Until 2030, and Historical Data to 2020
- Market Drivers & Limiters for Each Segment
- Competitive Analysis with Market Shares for Each Segment
- Recent Mergers & Acquisitions
- Procedure Numbers
- Company Profiles, Product Portfolios and SWOT for Top Competitors
COLOMBIA MINIMALLY INVASIVE SPINAL IMPLANT MARKET TRENDS
A key driver of market growth in Colombia is the rising prevalence of spinal disorders, such as degenerative disc disease and spinal stenosis. With the country’s aging population rising, the demand for minimally invasive spinal procedures is set to increase, fueling market expansion. Additionally, private healthcare investment is playing a vital role, as more facilities are being equipped with the advanced technology needed for MIS procedures. Another notable trend is the growing adoption of endoscopic spine surgery, which provides less invasive options for spinal fusion and decompression. As more Colombian physicians receive specialized training and facilities invest in endoscopic technology, the use of these techniques is expected to expand.
COLOMBIA MINIMALLY INVASIVE SPINAL IMPLANT MARKET SHARE INSIGHTS
- In 2023, ZimVie/Highridge Medical led the Colombian MIS spinal implant market, holding significant shares in the spinous process fixation, MIS pedicle screw, and MIS interbody segments. The company was the top performer in both the MIS pedicle screw and spinous process fixation markets.
- DePuy Synthes ranked as the second-largest competitor, dominating the facet fixation and MIS interbody device segments, while also securing a presence in the MIS pedicle screw market.
- Globus Medical/NuVasive held the third-largest share in the Colombian MIS spine market following their merger. The company captured substantial portions of the MIS interbody, MIS pedicle screw, spinous process fixation, and facet fixation markets.
MARKET SEGMENTATION SUMMARY
- MIS Interbody Device Market – Includes:
- MIPLIF, MITLIF, LLIF, OLIF markets.
- MIS Pedicle Screw Market – Includes:
- Percutaneous Cannulated MIS Pedicle Screws, Retractor Cannulated MIS Pedicle Screws, Retractor Non-Cannulated MIS Pedicle Screws.
- Spinous Process Fixation Market
- Facet Fixation Market
- MIS Sacroiliac Joint Fusion Market
- Spine Endoscope Market – Includes:
- Endoscope market, spine endoscope instrumentation market.
- MIS Surgery Instrumentation Market
Research Scope Summary
Report Attribute | Details |
---|---|
Regions | Latin America (Colombia) |
Base Year | 2023 |
Forecast | 2024-2030 |
Historical Data | 2020-2022 |
Quantitative Coverage | Market Size, Procedure Volume, Market Shares, Market Forecasts, Market Growth Rates, Units Sold, and Average Selling Prices. |
Qualitative Coverage | COVID-19 Impact, Market Growth Trends, Market Limiters, Competitive Analysis & SWOT for Top Competitors, Mergers & Acquisitions, Company Profiles, Product Portfolios |
Data Sources | Primary Interviews with Industry Leaders, Government Physician Data, Regulatory Data, Hospital Private Data, Import & Export Data, iData Research Internal Database. |