Latin America Hernia Repair Devices Market Size & Outlook
Related Markets
Latin America hernia repair devices market highlights
- The Latin America hernia repair devices market generated a revenue of USD 495.5 million in 2023.
- The market is expected to grow at a CAGR of 3.9% from 2024 to 2030.
- In terms of segment, hernia mesh was the largest revenue generating product in 2023.
- Hernia Fixation Devices is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 495.5 million |
| Market revenue in 2030 | USD 646.9 million |
| Growth rate | 3.9% (CAGR from 2024 to 2030) |
| Largest segment | Hernia mesh |
| Fastest growing segment | Hernia Fixation Devices |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hernia Mesh, Hernia Fixation Devices |
| Key market players worldwide | Medtronic PLC, Johnson & Johnson, BD, W.L. Gore & Associates, LifeCell International, B. Braun, Baxter International Inc, COOK, Herniamesh, Atrium Health |
Other key industry trends
- In terms of revenue, Latin America region accounted for 8.0% of the global hernia repair devices market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,703.2 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Hernia Repair Devices Market Scope
Hernia Repair Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Atrium Health | View profile | 10001+ | Charlotte, North Carolina, United States, North America | https://atriumhealth.org/ |
| COOK | View profile | 1001-5000 | Sittingbourne, Kent, United Kingdom, Europe | https://www.cookfood.net/ |
| Herniamesh | View profile | 11-50 | Chivasso, Piemonte, Italy, Europe | https://herniamesh.com |
| LifeCell International | View profile | 1001-5000 | Chennai, Tamil Nadu, India, Asia | https://www.lifecell.in/ |
| BD | View profile | 10001+ | Franklin Lakes, New Jersey, United States, North America | https://www.bd.com |
| B. Braun | View profile | 10001+ | Chapeltown, Sheffield, United Kingdom, Europe | https://www.bbraun.co.uk |
| W.L. Gore & Associates | View profile | 5001-10000 | Newark, New Jersey, United States, North America | http://www.gore.com |
| Medtronic PLC | View profile | 95000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | https://www.medtronic.com |
| Baxter International Inc | View profile | 60000 | One Baxter Parkway, Deerfield, IL, United States, 60015 | https://www.baxter.com |
| Johnson & Johnson | View profile | 134400 | One Johnson and Johnson Plaza, New Brunswick, NJ, United States, 08933 | https://www.jnj.com |
Latin America hernia repair 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 repair devices market will help companies and investors design strategic landscapes.
Hernia mesh was the largest segment with a revenue share of 73.62% in 2023. Horizon Databook has segmented the Latin America hernia repair devices market based on hernia mesh, hernia fixation devices covering the revenue growth of each sub-segment from 2018 to 2030.
Technological advancements, increasing cases of inguinal hernia mesh repairs being performed, and launch of technologically advanced products by key players in the market are some of the major factors responsible for the market growth in this region.
For instance, in May 2014, Advanced Medical Solutions Group received FDA approval and CE Mark for marketing of a cyanoacrylate adhesive device used for hernia mesh fixation. The device will be marketed under the brand name “LiquiBand Fix 8” in major countries including Brazil, Mexico, and Argentina. Therefore, significant market growth is anticipated over the forecast period.
Reasons to subscribe to Latin America hernia repair devices market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Latin America hernia repair devices market databook
-
Our clientele includes a mix of hernia repair devices market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America hernia repair devices market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America hernia repair devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America hernia repair devices market size, by country, 2018-2030 (US$M)
Latin America Hernia Repair Devices Market Share, 2023 & 2030 (US$M)
Related industry reports
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
