Mexico General Surgical Devices Market Size (2024 - 2029)

The Mexico general surgical devices market is projected to experience growth over the forecast period, driven by factors such as the increasing demand for minimally invasive devices, a rise in road accidents, and technological advancements in surgical devices. The market's expansion is further supported by the reopening of healthcare facilities post-pandemic, which has helped restore growth to pre-pandemic levels. Additionally, the growing geriatric population and the rising incidence of chronic diseases are expected to contribute to the market's development. However, the high capital costs associated with manufacturing surgical equipment may pose challenges to the market's growth trajectory.

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Market Size of Mexico General Surgical Devices Industry

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Mexico General Surgical Devices Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 4.80 %

Major Players

Mexico General Surgical Devices Market Major Players

*Disclaimer: Major Players sorted in no particular order

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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 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
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Mexico General Surgical Devices Market Size Summary

The Mexican general surgical devices market is poised for steady growth, driven by several key factors. The demand for minimally invasive devices is on the rise, fueled by an increase in road accidents and chronic diseases, alongside technological advancements in surgical equipment. The reopening of healthcare facilities post-COVID-19 has also contributed to the market's recovery, with expectations to reach pre-pandemic growth levels. However, the high capital costs associated with producing surgical equipment may pose challenges to market expansion. The growing geriatric population and the prevalence of chronic conditions are anticipated to further propel the market, as these factors increase the demand for advanced surgical procedures and devices.

The handheld devices segment, in particular, is expected to experience significant growth due to the increasing need for minimally invasive surgeries and the development of advanced tools like robotic handheld surgical devices. The rising incidence of chronic diseases, such as cancer and diabetes, is driving the demand for these devices, as they are essential for various surgical interventions. Additionally, the launch of technologically advanced products, such as the Real Intelligence and CORI Surgical system, is expected to enhance the segment's growth. The prevalence of neurological disorders and the incidence of brain cancer are also contributing to the demand for general surgical devices, further supporting market expansion. The market is moderately consolidated, with major international players like B. Braun Melsungen AG, Boston Scientific Corporation, and Medtronic PLC playing a significant role in shaping its landscape.

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Mexico General Surgical Devices Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Rising Demand for Minimally Invasive Devices

      2. 1.2.2 Technological Advancements in General Surgical Devices

      3. 1.2.3 Rising Unmet Healthcare Needs

    3. 1.3 Market Restraints

      1. 1.3.1 High Capital Expenses Needed to Produce Surgical Equipment

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value - USD Million)

    1. 2.1 By Product

      1. 2.1.1 Handheld Devices

      2. 2.1.2 Laproscopic Devices

      3. 2.1.3 Electro Surgical Devices

      4. 2.1.4 Wound Closure Devices

      5. 2.1.5 Trocars and Access Devices

      6. 2.1.6 Other Products

    2. 2.2 By Application

      1. 2.2.1 Gynecology and Urology

      2. 2.2.2 Cardiology

      3. 2.2.3 Orthopaedic

      4. 2.2.4 Neurology

      5. 2.2.5 Other Applications

Mexico General Surgical Devices Market Size FAQs

The Mexico General Surgical Devices Market is projected to register a CAGR of 4.80% during the forecast period (2024-2029)

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.

Mexico General Surgical Devices Report Snapshots

Mexico General Surgical Devices Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)