Argentina Hernia Mesh Devices Market Size & Outlook
Argentina hernia mesh devices market, 2018-2030 (US$M)
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Argentina hernia mesh devices market highlights
- The Argentina hernia mesh devices market generated a revenue of USD 76.6 million in 2023 and is expected to reach USD 126.6 million by 2030.
- The Argentina market is expected to grow at a CAGR of 7.4% from 2024 to 2030.
- In terms of segment, inguinal was the largest revenue generating hernia type in 2023.
- Incisional is the most lucrative hernia type segment registering the fastest growth during the forecast period.
Hernia mesh devices market data book summary
| Market revenue in 2023 | USD 76.6 million |
| Market revenue in 2030 | USD 126.6 million |
| Growth rate | 7.4% (CAGR from 2023 to 2030) |
| Largest segment | Inguinal |
| Fastest growing segment | Incisional |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Inguinal, Incisional, Femoral |
| Key market players worldwide | Johnson & Johnson, LifeCell International, B. Braun, Baxter International Inc, Getinge AB ADR, Herniamesh, COOK, W.L. Gore & Associates, Becton Dickinson & Co |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.5% of the global hernia mesh devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil hernia mesh devices market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 126.6 million by 2030.
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Hernia Mesh Devices Market Scope
Hernia Mesh Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina hernia mesh devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hernia mesh devices market will help companies and investors design strategic landscapes.
Inguinal was the largest segment with a revenue share of 73.24% in 2023. Horizon Databook has segmented the Argentina hernia mesh devices market based on inguinal, incisional, femoral covering the revenue growth of each sub-segment from 2018 to 2030.
In Argentina, the standard price of a laparoscopic ventral hernia repair procedure is USD 1,000, but this may vary depending on the demands and requirements of each patient. Due to a shortage of advanced healthcare settings and skilled personnel, the hernia mesh devices market is expected to grow slowly over the forecast period in Argentina.
The country’s low healthcare expenditure discourages new and significant companies from entering the market, as the potential for expansion is limited. Furthermore, a lack of public awareness regarding hernia treatment is projected to have a negative impact on market growth over the forecast period.
The lack of favorable reimbursement regulations in this country, as well as product recalls, is a major factor projected to impede market growth. The high pricing of mesh repair devices may restrain the growth of hernia mesh repair devices market in Argentina. Furthermore, the rising focus on non-mesh treatments is expected to slow the demand for hernia mesh repair devices.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina hernia mesh devices market , including forecasts for subscribers. This country databook contains high-level insights into Argentina hernia mesh devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina hernia mesh devices market size, by hernia type, 2018-2030 (US$M)
Argentina Hernia Mesh Devices Market Outlook Share, 2023 & 2030 (US$M)
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