Mexico General Surgical Devices Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.80 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Mexico General Surgical Devices Market Analysis
The Mexican general surgical devices market is expected to record a CAGR of around 4.8% during the forecast period.
- COVID-19 had a significant impact on the growth of the market. According to the National Center for Biotechnology Information (NCBI) article published in December 2021, the COVID-19 pandemic, along with the implemented health policies, was associated with a decrease in donations, waiting list additions, and transplantation, particularly at public institutions which care for the most vulnerable. Thus, the reduction of transplantation surgeries during COVID-19 in Mexico impacted the market growth during the pandemic period.
- However, the reopening of the hospitals and clinics during the post-pandemic relaxations contributed to the market's growth and is expected to reach pre-pandemic growth levels in the coming five years.
- Certain factors accelerating the market's growth include rising demand for minimally invasive devices, a rise in road accidents and chronic diseases, technological advancements in general surgical devices, and increasing unmet healthcare needs in the country.
- For instance, the data published by the International Transport Forum (ITR) in 2021 showed that 61,421 people were injured in road traffic accidents in Mexico. In addition, in 2020, over 21,242 injured persons were hospitalized in Mexico. Therefore, the burden and increasing road accident cases within Mexico are estimated to boost the demand for surgeries, thereby driving the growth of the studied market.
- Also, the rise in the geriatric population prone to chronic diseases is expected to drive the market's growth. For instance, the UN World Population Ageing updated report in October 2020 revealed that the population of Mexicans aged 65 and more is anticipated to grow to 26,416 thousand by 2050.
- Thus, factors such as increased injury cases, a growing geriatric population, and high demand for advanced general surgical devices are likely to drive the growth of the Mexico general surgical devices market. However, the high capital expenses needed to produce surgical equipment are expected to restrain the market's growth over the forecast period..
Mexico General Surgical Devices Market Trends
This section covers the major market trends shaping the Mexico General Surgical Devices Market according to our research experts:
Handheld Devices Segment is Expected to Hold a Significant Share in the Market Over the Forecast Period
- The handheld devices segment of the Mexican general surgical devices market is expected to register a significant CAGR during the forecast period. The demand for handheld equipment is increasing in response to the increasing need for minimally invasive surgeries in the country. The large-scale use of advanced surgical instruments in recent years is driving the segment in Mexico.
- The development of advanced tools, such as robotic handheld surgical devices for laparoscopic interventions, enhanced the growth of the segment under study. Increasing innovations owing to the need for high reliability, accuracy, and patient safety are other significant driving factors for the growth of the segment under study.
- In addition, increasing prevalence rates of chronic diseases and various other health concerns are expected to boost the demand for handheld devices, thereby contributing to the segment's growth. According to the Global Cancer Observatory's projections, Mexico saw 195,499 brand-new cancer cases diagnosed in 2020. Additionally, statistics from the International Diabetes Federation released in 2021 revealed that 14 million persons in Mexico had diabetes in 2021. Such rising chronic disorders in Mexico lead to surgical procedures, thereby contributing to the growing demand for handheld devices boosting the segment growth.
- Similarly, a December 2020 report in the International Dental Journal stated that 34.0% of people experienced dental pain. Also, untreated caries affects over 75% of young adults in Mexico. The high rate of dental problems among Mexicans is anticipated to increase demand for handheld devices in Mexico.
- Additionally, the launch of technologically advanced products to meet the growing demand for handheld surgical devices is also expected to contribute to the market's growth. For instance, in July 2020, Smith and Nephew launched the Real Intelligence and CORI Surgical system, a next-generation handheld robotics platform. This CORI surgical is portable and small, making it perfect for outpatient surgery and ambulatory surgical facilities.
- Furthermore, the increasing chronic diseases and other health concerns, along with the launch of advanced handheld devices, are expected to contribute to the growth of the studied segment.
Neurology is Expected to Hold Significant Share in the Market Over the Forecast Period
- Neurological diseases include acute spinal cord injury, Alzheimer's disease, sclerosis, brain tumors, aneurysm, epilepsy, seizures, and others. The increasing prevalence of such neurological disorders among the Mexican population is expected to drive the demand for general surgical devices, thereby fueling segment growth.
- According to an article published by Journal Plos One in July 2021, the prevalence of possible vascular dementia among Mexican older adults was 0.6%. Males aged 80 years or older showed a greater incidence rate of possible vascular dementia when compared to females. Another article published in March 2022 mentioned that the prevalence of dementia in the Mexican population was 7.8% met the criteria for Alzheimer's disease, 4.3% for vascular dementia, and 2.1% for mixed dementia.
- The report also mentioned that the prevalence of dementia was higher in women than in men (15% versus 12.5%, respectively). Such prevalence of various neurological disorders among the Mexican population is expected to drive the demand for advanced general surgical devices, thereby contributing to segment growth.
- Likewise, data published by GLOBOCAN in 2020 mentioned that the incidence of brain or central nervous system cancer among the Mexican population was 3,189. Such incidence of brain cancer in Mexico is also expected to drive the growth of the studied segment over the forecast period.
- Thus, owing to the growing burden of the neurological diseases, the number of surgeries are expected to increase which is expected to contribute to the growth of neurology segment of the studied market in country.
Mexico General Surgical Devices Industry Overview
The Mexico general surgical devices market is moderately consolidated and focused because of the presence of international players. Some of the major companies in the Mexican general surgical devices market are B. Braun Melsungen AG, Boston Scientific Corporation, Conmed Corporation, Medtronic PLC, and Stryker Corporation.
Mexico General Surgical Devices Market Leaders
B. Braun Melsungen AG
Conmed Corporation
Medtronic PLC
Boston Scientific Corporation
Stryker Corporation
*Disclaimer: Major Players sorted in no particular order
Mexico General Surgical Devices Market News
- September 2022: Nordson MEDICAL, a global integrated solutions partner for the design, engineering and manufacturing of complex medical devices and components announced the official opening of its Tecate, Mexico, Medical Device Manufacturing Center of Excellence. The event was marked with a ribbon cutting ceremony with representatives from the local government and Nordson leadership in attendance.
- October 2022: Ambu established a manufacturing plant in Ciudad Juàrez, Mexico. The new facility is Ambu's largest plant, enabling the company to scale production and secure a stronger proximity and supply of products to North America, Ambu's biggest market.
Mexico General Surgical Devices Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Demand for Minimally Invasive Devices
4.2.2 Technological Advancements in General Surgical Devices
4.2.3 Rising Unmet Healthcare Needs
4.3 Market Restraints
4.3.1 High Capital Expenses Needed to Produce Surgical Equipment
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD Million)
5.1 By Product
5.1.1 Handheld Devices
5.1.2 Laproscopic Devices
5.1.3 Electro Surgical Devices
5.1.4 Wound Closure Devices
5.1.5 Trocars and Access Devices
5.1.6 Other Products
5.2 By Application
5.2.1 Gynecology and Urology
5.2.2 Cardiology
5.2.3 Orthopaedic
5.2.4 Neurology
5.2.5 Other Applications
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 B. Braun Melsungen AG
6.1.2 Boston Scientific Corporation
6.1.3 Conmed Corporation
6.1.4 Integer Holdings Corporation
6.1.5 Johnson & Johnson
6.1.6 Medtronic PLC
6.1.7 Stryker Corporation
6.1.8 Ambu
6.1.9 Ultradent Products, Inc
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Mexico General Surgical Devices Industry Segmentation
As per the scope of the report, general surgical devices are tools or devices for performing specific actions or carrying out desired effects during surgery. These include tools for cutting and dissecting, such as scalpels, scissors, and saws; tools for grasping and holding, including forceps and clamps; and hemostatic tools, which are used to stop bleeding.
The Mexico general surgical devices market is segmented by product (handheld devices, laparoscopic devices, electro surgical devices, wound closure devices, trocars and access devices, and other products) and application (gynecology and urology, cardiology, orthopedic, neurology, other applications). The report offers the value (in USD million) for the above segments.
| By Product | |
| Handheld Devices | |
| Laproscopic Devices | |
| Electro Surgical Devices | |
| Wound Closure Devices | |
| Trocars and Access Devices | |
| Other Products |
| By Application | |
| Gynecology and Urology | |
| Cardiology | |
| Orthopaedic | |
| Neurology | |
| Other Applications |
Mexico General Surgical Devices Market Research FAQs
What is the current Mexico General Surgical Devices Market size?
The Mexico General Surgical Devices Market is projected to register a CAGR of 4.80% during the forecast period (2024-2029)
Who are the key players in Mexico General Surgical Devices Market?
B. Braun Melsungen AG, Conmed Corporation, Medtronic PLC, Boston Scientific Corporation and Stryker Corporation are the major companies operating in the Mexico General Surgical Devices Market.
What years does this Mexico General Surgical Devices Market cover?
The report covers the Mexico General Surgical Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Mexico General Surgical Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Mexico General Surgical Devices Industry Report
Statistics for the 2024 Mexico General Surgical Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mexico General Surgical Devices analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
