Brazil Hernia Mesh Devices Market Size & Outlook
Brazil hernia mesh devices market, 2018-2030 (US$M)
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Brazil hernia mesh devices market highlights
- The Brazil hernia mesh devices market generated a revenue of USD 191.0 million in 2023 and is expected to reach USD 301.5 million by 2030.
- The Brazil market is expected to grow at a CAGR of 6.7% 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 191.0 million |
| Market revenue in 2030 | USD 301.5 million |
| Growth rate | 6.7% (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, Brazil accounted for 3.6% 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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Brazil 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 75.55% in 2023. Horizon Databook has segmented the Brazil hernia mesh devices market based on inguinal, incisional, femoral covering the revenue growth of each sub-segment from 2018 to 2030.
The significant growth in the incisional hernia market is boosting the overall market in Brazil. Furthermore, the utilization of biologic along with composite meshes, as well as 3D surgical techniques, has contributed to the market's expansion.
Hernia repair is not covered by the Brazilian government. However, over 75% of the country's health insurance plans are covered by privately owned companies that provide coverage for hernia surgery. Thus, it will limit the adoption of hernia mesh devices.
Furthermore, the local healthcare industry holds a generally positive opinion of device manufacturers based in developed countries; however, greater preference will always be given to products made in Brazil, primarily due to lower costs.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil hernia mesh devices market , including forecasts for subscribers. This country databook contains high-level insights into Brazil hernia mesh devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil hernia mesh devices market size, by hernia type, 2018-2030 (US$M)
Brazil Hernia Mesh Devices Market Outlook Share, 2023 & 2030 (US$M)
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