Mexico Hernia Repair Devices Market Size & Outlook
Mexico hernia repair devices market, 2018-2030 (US$M)
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Mexico hernia repair devices market highlights
- The Mexico hernia repair devices market generated a revenue of USD 97.9 million in 2022 and is expected to reach USD 137.3 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.3% 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.
Hernia repair devices market data book summary
| Market revenue in 2022 | USD 97.9 million |
| Market revenue in 2030 | USD 137.3 million |
| Growth rate | 4.3% (CAGR from 2022 to 2030) |
| Largest segment | Hernia mesh |
| Fastest growing segment | Hernia Fixation Devices |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Mexico accounted for 1.6% of the global hernia repair devices market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil hernia repair devices market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 137.3 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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Mexico 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 73.65% in 2022. Horizon Databook has segmented the Mexico hernia repair devices market based on hernia mesh, hernia fixation devices covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico is perceived as a hub of surgeries at affordable cost. The regulatory scenario is not well-defined and many hospitals offer surgery at much cheaper price than developed countries, especially the U.S. This contributes to the high demand for hernia mesh in the country, thus boosting the market.
Laparoscopic as well as open surgeries are performed in many hospitals in the country. Development and launch of new products have resulted in market growth. For instance, in April 2014, LifeBond Ltd., a biosurgical company providing products for soft tissue repair in China, launched its patient approved product, LifeMesh self-fixating hernia mesh device, in many countries including Mexico.
This mesh has been designed for mesh fixation without tacks or sutures, thereby reducing postsurgical complications and enabling surgical mesh fixation that is automatic. The 18th International Hernia Congress was conducted in March 2017 in Mexico, wherein healthcare professionals were introduced to new products and surgery techniques of hernia repair.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico hernia repair devices market, including forecasts for subscribers. This country databook contains high-level insights into Mexico hernia repair devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico hernia repair devices market size, by product, 2018-2030 (US$M)
Mexico Hernia Repair Devices Market Share, 2022 & 2030 (US$M)
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