Product Description
Overall, the Mexico minimally invasive (MIS) spinal implant market was valued at approximately $13 million in 2023. This is expected to increase over the forecast period at a CAGR of 8.9% to reach nearly $24 million.
The full report suite on the Mexican 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.
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
MEXICO MINIMALLY INVASIVE SPINAL IMPLANT MARKET TRENDS
A key factor driving the market is the long-standing recognition of instrumented spinal fusions as the standard of care in spinal implant surgeries. Insurance providers acknowledge the medical necessity of spinal fusions due to their established history, leading to full reimbursement for most fusion and fixation procedures. This creates a favorable reimbursement environment that fuels market growth. Additionally, the growing investment in private healthcare in Mexico is significantly contributing to the expansion of the minimally invasive spine surgery market. Private hospitals and specialized surgical centers are increasingly equipped with advanced technologies, improving access to these cutting-edge procedures.
MEXICO MINIMALLY INVASIVE SPINAL IMPLANT MARKET SHARE INSIGHTS
- In 2023, ZimVie/Highridge Medical dominated the Mexican MIS spinal implant market. The company led both the MIS pedicle screw and spinous process fixation segments, while also maintaining a strong presence in the MIS interbody device market.
- DePuy Synthes ranked as the second-largest competitor, holding the top position in the facet fixation and MIS interbody device segments, along with a solid foothold in the MIS pedicle screw market.
- Medtronic secured the third spot in the market, with substantial shares across multiple segments, including the MIS interbody device, 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 (Mexico) |
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. |