The import of orthopaedic appliances to Mexico stood at 503.67 million USD in 2023, marking a 2.51% increase from the previous year. Over the last two years, from 2022 to 2023, the import value grew consistently by a similar percentage. Evaluating the data from the last five years, the Compound Annual Growth Rate (CAGR) averaged 2.56%. Trends indicate fluctuating year-on-year growth rates across the decade, with notable high growth periods in 2014 and 2018, followed by steadier increases in more recent years up until 2023.
Looking into the future, the forecast predicts a moderate growth trend in orthopaedic appliance imports, with a 5-year CAGR projected at 1.73% and an overall growth rate of 8.93% until 2028. Key trends to watch include advancements in orthopaedic technology, changes in healthcare regulations in Mexico, and the impact of an aging population driving higher demand for orthopaedic solutions.
