Latin America Hernia Repair Devices Market Size & Outlook
Latin America hernia repair devices market, 2018-2030 (US$M)
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Latin America hernia repair devices market highlights
- The Latin America hernia repair devices market generated a revenue of USD 478.9 million in 2022.
- The market is expected to grow at a CAGR of 3.8% from 2023 to 2030.
- In terms of segment, hernia mesh was the largest revenue generating product in 2022.
- 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 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 478.9 million |
| Market revenue in 2030 | USD 646.9 million |
| Growth rate | 3.8% (CAGR from 2022 to 2030) |
| Largest segment | Hernia mesh |
| Fastest growing segment | Hernia Fixation Devices |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 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 2022.
- 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.
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Hernia Repair Devices Market Scope
Hernia Repair Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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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 73.9% in 2022. 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.
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Our clientele includes a mix of hernia repair devices market companies, investment firms, advisory firms & academic institutions.
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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.
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Latin America hernia repair devices market size, by country, 2018-2030 (US$M)
Latin America Hernia Repair Devices Market Share, 2022 & 2030 (US$M)
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