Latin America Spinal Trauma Devices Market

Latin America Spinal Trauma Devices market Size (2024 to 2029)

The size of the Latin America Spinal Trauma Devices market was around USD 472.80 million in 2024. It is expected to grow at a CAGR of 6.1% to reach USD 635.71 million by 2029. It captures 12% of the global market.

The Latin American market for spinal trauma devices is predicted to grow due to the rising prevalence of spinal illnesses and injuries. Furthermore, the Latin American market for spinal trauma devices is further expected to be fueled by a growing preference for minimally invasive spinal treatments and the development of 3D printed implants. Therefore, the market for spinal trauma devices in Latin America is further expected to develop significantly, giving opportunities for market participants. Furthermore, during the forecast period, government and private sector endeavors to create sophisticated and new devices for treating spinal trauma and improving surgical processes are expected to give attractive prospects for the market for spinal trauma devices to expand.

In addition, increased rates of traumatic spinal injuries, growing public awareness, and new technologies are expected to propel the Latin American market for spinal trauma devices. Other factors driving the market for spinal trauma devices in the Latin American region include the aging population and the associated increase in diseases and injuries that result in chronic, intractable pain, technical innovation, and increased knowledge and use of modern technologies.

The market for spinal trauma devices in Latin America is further predicted to be driven by an increase in the number of road accidents, industrial accident slips. As a result, it falls, resulting in severe spine fractures and newly emerging minimally invasive robotic procedures. The Latin American spinal trauma devices market is likely to see several prospects for growth as healthcare institutions expand, disposable income rises, and private insurers develop.

However, over the forecast period, the lack of advanced healthcare infrastructure in underdeveloped regions is expected to have a negative impact on market growth. The high hospitalization expense, restrictions on elderly patients accessing advanced treatments, and a lack of public understanding about new treatment procedures are other vital factors restricting market expansion.  Furthermore, changes in insurance policies that result in less treatment and higher expenses are projected to stifle the market for spinal trauma devices.

This research report on the Latin American spinal trauma devices market has been segmented and sub-segmented into the following categories:

By Device Type

• Internal Fixation Devices   
  • Plate and Screw
  • Rods and Pins
  • Bone Grafts
• External Fixation Devices

By Country:

• Mexico
• Brazil
• Argentina
• Chile
• Rest of Latin America

Geographically, Latin America held a prominent share in the global market in 2023 and emerged as the steady market for spinal trauma devices. A growing number of spinal cord injuries, well-established healthcare facilities, and an aging population influence the market's growth in this region. Furthermore, technical developments and increased investments in R&D efforts to produce innovative products are expected to contribute to market growth over the forecast period.

Brazil, followed by Mexico, are expected to lead the Latin American market during the forecast period.

KEY MARKET PLAYERS:

Stryker Corp., CONMED Corp., Medtronic, Smith & Nephew plc. Other players in the market include NuVasive Inc., DePuy Synthes, Spinal Technology Inc., Arthrex Inc., ReWalk Robotics, and Orthofix International NV are a few of the notable companies operating in the Latin American spinal trauma devices market profiled in this report.