In 2023, Colombia’s minimally invasive spinal implant (MIS) market was valued at nearly $19 million. The market is projected to grow at a CAGR of 9.3%, reaching approximately $35 million by 2030.
The report suite on the Colombian market for minimally invasive spinal implants includes key segments such as MIS interbody devices, MIS pedicle screws, spinous process fixation, facet fixation, MIS sacroiliac joint fusion, spine endoscopes, and MIS spine instrumentation. The market's growth is driven by increasing adoption of advanced surgical techniques, a growing elderly population, and improvements in healthcare infrastructure.
Additionally, private healthcare investment is playing a crucial role in equipping more facilities with advanced technologies needed for MIS procedures. There is also increasing adoption of endoscopic spine surgery, which offers less invasive options for spinal fusion and decompression. As more Colombian physicians receive specialized training and facilities invest in this technology, the use of endoscopic techniques is expected to expand, contributing to market growth.
DePuy Synthes: Ranked second, DePuy Synthes dominated the facet fixation and MIS interbody device segments, while also maintaining a notable presence in the MIS pedicle screw market.
Globus Medical/NuVasive: After their merger, Globus Medical/NuVasive became the third-largest competitor in the Colombian MIS spine market. The company held significant shares across several segments, including MIS interbody, MIS pedicle screw, spinous process fixation, and facet fixation.
The report suite on the Colombian market for minimally invasive spinal implants includes key segments such as MIS interbody devices, MIS pedicle screws, spinous process fixation, facet fixation, MIS sacroiliac joint fusion, spine endoscopes, and MIS spine instrumentation. The market's growth is driven by increasing adoption of advanced surgical techniques, a growing elderly population, and improvements in healthcare infrastructure.
Key Market Data Insights:
- Data Types: Unit Sales, Average Selling Prices, Market Value & Growth Trends
- Forecast Period: Projections until 2030, with historical data from 2020
- Analysis: Market drivers, limiters, and competitive landscape for each segment
- Competitive Breakdown: Market shares, mergers, and acquisitions
- Additional Insights: Procedure numbers, company profiles, and SWOT analysis for key competitors
- Trends in the Colombia Minimally Invasive Spinal Implant Market
Additionally, private healthcare investment is playing a crucial role in equipping more facilities with advanced technologies needed for MIS procedures. There is also increasing adoption of endoscopic spine surgery, which offers less invasive options for spinal fusion and decompression. As more Colombian physicians receive specialized training and facilities invest in this technology, the use of endoscopic techniques is expected to expand, contributing to market growth.
Market Share Insights
ZimVie/Highridge Medical: In 2023, ZimVie/Highridge Medical led the Colombian MIS spinal implant market, holding substantial shares in the spinous process fixation, MIS pedicle screw, and MIS interbody device segments. It was the top performer in both the MIS pedicle screw and spinous process fixation markets.DePuy Synthes: Ranked second, DePuy Synthes dominated the facet fixation and MIS interbody device segments, while also maintaining a notable presence in the MIS pedicle screw market.
Globus Medical/NuVasive: After their merger, Globus Medical/NuVasive became the third-largest competitor in the Colombian MIS spine market. The company held significant shares across several segments, including MIS interbody, MIS pedicle screw, spinous process fixation, and facet fixation.
Market Segmentation Overview
MIS Interbody Device Market:
- Types: MIPLIF, MITLIF, LLIF, OLIF
MIS Pedicle Screw Market:
- Types: Percutaneous Cannulated, Retractor Cannulated, Retractor Non-Cannulated
- Spinous Process Fixation Market
- Facet Fixation Market
- MIS Sacroiliac Joint Fusion Market
Spine Endoscope Market:
- Includes Endoscopes and Spine Endoscope Instrumentation
- MIS Surgery Instrumentation Market
Research Scope Summary
- Regions Covered: Colombia (Latin America)
- Base Year: 2023
- Forecast Period: 2024-2030
- Historical Data: 2020-2022
- Quantitative Coverage: Market Size, Procedure Volume, Market Shares, Growth Rates, Units Sold, Average Selling Prices
- Qualitative Coverage: COVID-19 Impact, Growth Trends, Competitive Analysis, SWOT, Mergers & Acquisitions, Company Profiles, and Product Portfolios
Table of Contents
Colombia Minimally Invasive Spinal Implant Market
List of Charts
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ZimVie/Highridge Medical
- DePuy Synthes
- Globus Medical/NuVasive
- Medtronic
- Ulrich Medical
- Karl Storz
- Richard Wolf
- Joimax
- Orthofix
- SIGNUS Medical