Mexico - Latin America Orthopedic Devices Market Size & Outlook
Mexico - Latin America Orthopedic Devices Market, 2018-2030 (US$M)
Global Market
Related Markets
Mexico orthopedic devices market highlights
- The Mexico orthopedic devices market generated a revenue of USD 1,636.3 million in 2023 and is expected to reach USD 2,369.0 million by 2030.
- The Mexico market is expected to grow at a CAGR of 5.4% from 2024 to 2030.
- In terms of segment, joint replacement/ orthopedic implants was the largest revenue generating product in 2023.
- Trauma is the most lucrative product segment registering the fastest growth during the forecast period.
Orthopedic devices market data book summary
| Market revenue in 2023 | USD 1,636.3 million |
| Market revenue in 2030 | USD 2,369.0 million |
| Growth rate | 5.4% (CAGR from 2023 to 2030) |
| Largest segment | Joint replacement/ orthopedic implants |
| Fastest growing segment | Trauma |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Joint Replacement/ Orthopedic Implants, Trauma, Sports Medicine, Orthobiologics |
| Key market players worldwide | Medtronic PLC, Stryker Corp, Zimmer Biomet Holdings Inc, DePuy Synthes, Smith & Nephew PLC, Aesculap, Conmed Corp, NuVasive, Enovis Corp |
Other key industry trends
- In terms of revenue, Mexico accounted for 2.7% of the global orthopedic devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Mexico orthopedic devices market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 2,369.0 million by 2030.
High-contact sports such as soccer are quite popular in the country, such sports often lead to soft tissue injuries such as tendon ruptures & sprains, an average of 40% Mexicans are actively involved in sports, as per 2018 report published in NCBI.
According to NFL, more than 22 million NFL fans reside in Mexico. This sport is associated with a number of orthopedic injuries and has in turn become a key driver for growth of the market in the country.
The country’s youth is keenly inclined toward sports, and the government has also undertaken initiatives to encourage the population to participate in sports. The Sports Diplomacy Division in the Bureau of Educational and Cultural Affairs has programs that promote access and work on inclusion of people with disabilities through sports.
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Orthopedic Devices Market Scope
Orthopedic Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Medtronic PLC | View profile | 95,000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | www.medtronic.com |
| Stryker Corp | View profile | 52,000 | 1941 Stryker Way, Portage, MI, United States, 49002 | www.stryker.com |
| Zimmer Biomet Holdings Inc | View profile | 18,000 | 345 East Main Street, Warsaw, IN, United States, 46580 | www.zimmerbiomet.com |
| DePuy Synthes | View profile | 5001-10000 | Raynham, Massachusetts, United States, North America | depuysynthes.com |
| NuVasive | View profile | 1001-5000 | San Diego, California, United States, North America | www.nuvasive.com |
| Smith & Nephew PLC | View profile | 18,452 | Hatters Lane, Building 5, Croxley Park, Watford, Hertfordshire, United Kingdom, WD18 8YE | www.smith-nephew.com |
| Conmed Corp | View profile | 4,000 | 11311 Concept Boulevard, Largo, FL, United States, 33773 | www.conmed.com |
| Enovis Corp | View profile | 6,550 | 2711 Centerville Road, Suite 400, Wilmington, DE, United States, 19808 | www.enovis.com |
| Aesculap | View profile | 251-500 | Kelayres, Pennsylvania, United States, North America | www.aesculapusa.com |
Mexico - Latin America Orthopedic Devices Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Orthopedic Devices Market Outlook will help companies and investors design strategic landscapes.
Joint Replacement/ Orthopedic Implants was the largest segment with a revenue share of 41.73% in 2023.
Horizon Databook has segmented the Mexico - Latin America orthopedic devices market based on joint replacement/ orthopedic implants, trauma, sports medicine, orthobiologics covering the revenue growth of each sub-segment from 2018 to 2030.
High-contact sports such as soccer are quite popular in the country, such sports often lead to soft tissue injuries such as tendon ruptures & sprains, an average of 40% Mexicans are actively involved in sports, as per 2018 report published in NCBI.
According to NFL, more than 22 million NFL fans reside in Mexico. This sport is associated with a number of orthopedic injuries and has in turn become a key driver for growth of the market in the country.
The country’s youth is keenly inclined toward sports, and the government has also undertaken initiatives to encourage the population to participate in sports. The Sports Diplomacy Division in the Bureau of Educational and Cultural Affairs has programs that promote access and work on inclusion of people with disabilities through sports.
- Mexico - Latin America Orthopedic Devices Market Product Outlook (Revenue, USD Million , 2018-2030)
- Joint Replacement/ Orthopedic Implants
- Trauma
- Sports Medicine
- Orthobiologics
- Others
- Mexico - Latin America Orthopedic Devices Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Hospitals
- Outpatient Facilities
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico - Latin America Orthopedic Devices Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Mexico - Latin America Orthopedic Devices Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Mexico - Latin America Orthopedic Devices Market, 2018-2030 (US$M)
Mexico orthopedic devices market statistics, by product, 2018-2030 (US$M)
