The import of orthopaedic and fracture appliances to Mexico has shown a varied trend over the years. From 2013 to 2017, fluctuations were evident, with a notable decline in 2014 and 2017. Post-2017, the imports exhibited a more consistent growth trend, stabilizing in the following years. By 2023, the import value stood at 207.62 million USD. The year-on-year variation for 2022 was 2.98%, and for 2023, it slightly decreased to 2.84%. The Compound Annual Growth Rate (CAGR) over the last five years averaged around 3.05%.
The forecasts from 2024 to 2028 predict a steady increase in import values, achieving a forecasted 5-year growth rate of 10.02% and a CAGR of approximately 1.93%. This suggests moderate but stable growth in the near future.
Future trends to watch for:
- Technological advancements in orthopaedic and fracture appliances- Health sector reforms and increased healthcare spending in Mexico- Changes in Mexico’s trade policies affecting imports- Competitive dynamics from domestic manufacturers
