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The Mexican Spinal Surgery Devices Market is segmented by Device Type (Spinal Decompression, Spinal Fusion, Fracture Repair Devices, and Other Device Types).
The developments in spine surgery and advancements in associated technology have produced stable growth in volumes of surgeries. Companies involved in spinal surgery devices focus intensively on technological advancement. With recent developments like spinal navigation technology, newer minimally invasive techniques are expected to become available, enabling the integration of emerging technology in spinal surgery devices. Spinal navigation technology enables the surgeon to place spinal instrumentation more accurately, perform decompression, and remove tumors, among other tasks. Such advances may result in smaller incisions, less trauma to normal tissues, faster healing time, and quicker recovery. The other factors, such as increasing adoption of minimally invasive surgeries, are also expected to drive the market during the forecast period.
As per the scope of the report, the spinal surgery devices market is significant and has evolved into one of the major segments of the orthopedic industry. Spinal surgery is traditionally performed as open surgery, wherein a long incision allows a surgeon to access the spinal anatomy of a body.
|By Device Type|
|Fracture Repair Devices|
|Other Device Types|
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The spinal fusion segment is sub-segmented into cervical fusion, interbody fusion, thoracolumbar fusion, and other spinal fusions. The growth of the interbody fusion sub-segment is mainly attributed to the rising number of spinal injuries and increasing geriatric population. Interbody fusion places the bone graft between vertebrae in the area usually occupied by the intervertebral disc; fusion then occurs between endplates of the vertebrae. Many products available in the market provide conventional, yet effective treatments to patients. The significant advancements in the field of spinal surgery devices are expected to contribute toward the market expansion. Hence, owing to the aforementioned factors, the segment is believed to witness rapid growth over the forecast period.
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The market studied is moderately competitive and there are several global players that are operating in Mexico. The global players in the Mexican spinal surgery devices market are B. Braun Melsungen AG, Globus Medical Inc., Johnson & Johnson, Medtronic PLC, Orthofix Holdings Inc., Styker Corporation, and Zimmer Biomet.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Adoption of Minimally Invasive Surgeries
4.2.2 Technological Advancements in Spinal Surgery
4.3 Market Restraints
4.3.1 High Treatment Cost
4.3.2 Stringent Regulatory Framework
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
5.1 By Device Type
5.1.1 Spinal Decompression
126.96.36.199 Other Spinal Decompressions
5.1.2 Spinal Fusion
188.8.131.52 Cervical Fusion
184.108.40.206 Interbody Fusion
220.127.116.11 ThoracoLumbar Fusion
18.104.22.168 Other Spinal Fusions
5.1.3 Fracture Repair Devices
5.1.4 Other Device Types
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 B. Braun Melsungen AG
6.1.2 Globus Medical Inc.
6.1.3 Johnson & Johnson
6.1.4 Medtronic PLC
6.1.5 Orthofix Holdings Inc.
6.1.6 Styker Corporation
6.1.7 Zimmer Biomet
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
**Competitive Landscape Covers- Business Overview, Financials, Products and Strategies, and Recent Developments