Latin America Hernia Mesh Devices Market

Latin America Hernia Mesh Devices Market Size (2022 to 2027)

The size of the Hernia Mesh Devices Market in Latin America was worth USD 0.57 billion in 2022 and is projected to be growing at a CAGR of 2.1%, to touch USD 0.63 billion by 2027.

High hernia incidence and improved patient outcomes from meshes, which decrease operating and recovery time, lower recurrence, and pain relief are factors driving Latin America Hernia Mesh Devices market expansion. Symptoms can be reduced with early medical treatment and lifestyle modifications. A hernia, on the other hand, can only be properly treated through surgery. Hernia repair surgery has a fair prognosis, although it might vary depending on the kind of hernia, symptoms, and overall health. As a result, the Hernia Mesh Devices Market is expected to develop at a faster rate. Other factors predicted to promote the target market's growth include rising disposable income, increased expenditure by individuals on health and wellness, and the availability of advanced healthcare facilities.

One of the other key reasons driving the growth of the hernia mesh repair devices market in the Latin American region in the coming years is the rise in the incidence of stomach and abdominal discomfort among the population. Other indirect hernia mesh repair developments include the emergence of different inventions and research in the field of healthcare to advance the technology involved and an increase in government-led campaigns to raise awareness. Growing use of robotic operations in the healthcare industry, an aging population, and increased personal disposable money will contribute to attractive growth opportunities for hernia mesh repair devices. Symptoms of a hernia might be seen when doing things like resting, running, or walking. The market is expected to increase because of the rising prevalence of hernias, particularly inguinal hernias, the fast acceptance of tension-free repair methods, and technical advancements in operations. In addition, increased government investment in the healthcare sector to allow improved healthcare services and the introduction of minimally invasive laparoscopic methods for hernia repair are projected to contribute to the market's continued expansion.

The absence of favorable reimbursement policies in this nation and product recall incidents are expected to impede the growth of the Latin America Hernia Mesh Devices Market. In addition, the high prices associated with mesh repair devices are expected to operate as a market growth restriction for hernia mesh repair devices in the Latin American region. Furthermore, the market for hernia mesh repair devices is estimated to be further slowed by the growing focus on non-mesh methods.

This research report on the Latin American hernia mesh devices market has been segmented and sub-segmented into the following categories:

By Hernia Type:

• Inguinal
• Umbilical
• Hiatal
• Femoral
• Incisional

By Product Type:

• Synthetic Mesh
  • Flat Mesh
  • 3D Mesh
• Biologic Mesh

By Country:

• Brazil
• Argentina
• Chile
• Mexico
• Rest of Latin America

Brazil is one of the largest markets in this region, followed by Mexico, Argentina, and Columbia. There is potential for market growth in the future due to the increasing incidence of obesity, growing disposable incomes, and a rise in infrastructural & pharmaceutical investments by administrative bodies. As a result, Brazil is one of the region's most important marketplaces. The increased acceptance of surgical meshes in this region as a therapeutic option is due to a big population suffering from the disease, improved healthcare facilities, and sedentary lifestyle practices. Physicians frequently choose open repair surgery since it involves an incision near the weak muscle region and the hernia to be fixed. Additionally, primary closure refers to open healing sutures without mesh, which drives the expansion of the hernia mesh devices business. Furthermore, doctors are trying to create various operations, including non-surgical procedures such as watchful waiting and surgical procedures, to help the business grow.

KEY MARKET PLAYERS:

A few of the major companies operating in the Latin America Hernia Mesh Devices Market are Medtronic (U.S.), Ethicon, Inc. (U.S.), C.R. Bard, Inc. (U.S.), Atrium (Sweden), W.L. Gore & Associates (Germany), Lifecell Corporation (U.S.), and B. Braun Melsungen AG (Germany).