Mexico Spinal Surgery Devices Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.50 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Mexico Spinal Surgery Devices Market Analysis
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.
Mexico Spinal Surgery Devices Market Trends
This section covers the major market trends shaping the Mexico Spinal Surgery Devices Market according to our research experts:
Interbody Fusion Sub-segment is Expected to Show Better Growth over the Forecast Period
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.
Mexico Spinal Surgery Devices Industry Overview
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.
Mexico Spinal Surgery Devices Market Leaders
B. Braun Melsungen AG
Johnson & Johnson
Medtronic PLC
Styker Corporation
Zimmer Biomet
*Disclaimer: Major Players sorted in no particular order
Mexico Spinal Surgery Devices Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Increasing Adoption of Minimally Invasive Surgeries
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4.2.2 Technological Advancements in Spinal Surgery
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4.3 Market Restraints
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4.3.1 High Treatment Cost
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4.3.2 Stringent Regulatory Framework
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4.4 Porter's Five Forces Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Device Type
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5.1.1 Spinal Decompression
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5.1.1.1 Corpectomy
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5.1.1.2 Discectomy
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5.1.1.3 Laminotomy
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5.1.1.4 Other Spinal Decompressions
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5.1.2 Spinal Fusion
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5.1.2.1 Cervical Fusion
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5.1.2.2 Interbody Fusion
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5.1.2.3 ThoracoLumbar Fusion
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5.1.2.4 Other Spinal Fusions
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5.1.3 Fracture Repair Devices
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5.1.4 Other Device Types
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 B. Braun Melsungen AG
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6.1.2 Globus Medical Inc.
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6.1.3 Johnson & Johnson
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6.1.4 Medtronic PLC
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6.1.5 Orthofix Holdings Inc.
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6.1.6 Styker Corporation
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6.1.7 Zimmer Biomet
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Mexico Spinal Surgery Devices Industry Segmentation
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.
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| Other Device Types |
Mexico Spinal Surgery Devices Market Research FAQs
What is the current Mexico Spinal Surgery Devices Market size?
The Mexico Spinal Surgery Devices Market is projected to register a CAGR of 3.5% during the forecast period (2024-2029)
Who are the key players in Mexico Spinal Surgery Devices Market?
B. Braun Melsungen AG, Johnson & Johnson, Medtronic PLC, Styker Corporation and Zimmer Biomet are the major companies operating in the Mexico Spinal Surgery Devices Market.
What years does this Mexico Spinal Surgery Devices Market cover?
The report covers the Mexico Spinal Surgery Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Mexico Spinal Surgery Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Mexico Spinal Surgery Devices Industry Report
Statistics for the 2024 Mexico Spinal Surgery Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mexico Spinal Surgery 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.
