Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 4.33 Billion | USD 6.31 Billion | 4.29% | 2023 |
The global hernia repair devices market size was worth around USD 4.33 billion in 2023 and is predicted to grow to around USD 6.31 billion by 2032 with a compound annual growth rate (CAGR) of roughly 4.29% between 2024 and 2032.
The report covers forecasts and analysis for hernia repair devices on a global and regional level. The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion). The study includes drivers and restraints for the hernia repair devices market and their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the hernia repair devices market on a global as well as regional level.
In order to give the users of this report a comprehensive view of the hernia repair devices market, we have included a competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein the market segmentation by mesh, fixation, approach, procedure, care setting, and region are benchmarked based on their market size, growth rate, and general attractiveness.
Hernia is a medical condition that involves abnormal exit of tissue. Hernia repair is the process used for the treatment of this abnormal condition. A combined 20 million cases of both inguinal and femoral hernia repair were performed all across the world in 2003. Moreover, approximately 1.2 million hernias are treated each year only in the U.S. Growing number of cases of hernia all across the globe is estimated to drive the market of hernia over the estimated time.
Increasing adoption of the products which helps in restoring the connection between tissues and muscles with minimum failure and infection rate is propelling the demand of the hernia repair device market on the global platform. Additionally, growing awareness about the save procedures along with the prominent investment in research and development by the government and ruling authorities in the hernia repair devices across the globe is expected to act as a significant driving factor for the hernia repair devices market. Also, the global burden of this condition is increasing owing to the increasing geriatric population base across the world. Thus, the hernia repair devices market has vast potential in terms of the large patient pool and the need for treatment.
The report provides a company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, and regional expansion of major participants involved in the market on a global and regional basis.
The study provides a decisive view of the hernia repair devices market by segmenting the market based on mesh, fixation, approach, procedure, care setting, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
Based on mesh, the hernia repair devices market is segmented into synthetic and biological. Based on fixation, the hernia repair devices market is segmented as tack, suture, staple, and glue. By mesh segment, biological mesh is estimated to cover the largest market share because of its comparatively fast recovery and minimum pain involved in the procedure.
By fixation segment, tack is expected to acquire the largest market value share due to its high cost as compared to the other devices used for fixation. The increasing adoption of glue in the hernia repair device market is propelling its growth with the highest CAGR in the global market over the forecast period. By the fixation segment, tack is expected to acquire the largest market value share due to its high cost as compared to the other devices used for fixation. The increasing adoption of glue in the hernia repair device market is propelling its growth with the highest CAGR in the global market over the forecast period.
Based on the approach, the hernia repair devices market is segmented as laparoscopic and open. By approach segment, the open approach is covering the largest market value share in the hernia repair device market. But over the period of time laparoscopic is estimated to witness the highest CAGR growth because of its advantages which include minimum pain and fast recovery. By approach segment, open covers the largest market value share in the hernia repair device market.
Based on the procedure, the hernia repair devices market is segmented as femoral, umbilical, incisional/ventral, inguinal, and others. By procedure inguinal is estimated to hold the highest market value share, followed by incisional/ventral and umbilical hernia. The inguinal procedure is estimated to hold the highest market value share, followed by incisional/ventral and umbilical hernia. Based on the care setting, hernia repair devices market is segmented as in-patient and out-patient.
Based on the care setting, the hernia repair devices market is segmented as in-patient and out-patient.
Report Attributes | Report Details |
---|---|
Report Name | Hernia Repair Devices Market |
Market Size in 2023 | USD 4.33 Billion |
Market Forecast in 2032 | USD 6.31 Billion |
Growth Rate | CAGR of 4.29% |
Number of Pages | 215 |
Key Companies Covered | Cook Medical Inc., Cooper Surgicals Inc., Baxter International Inc., B. Braun Melsungen AG, LifeCell Corporation, W. L. Gore & Associates, Inc., C.R. Bard, Herniamesh S. R. L, Ethicon, Inc., Medtronic Plc, Atrium Medical Corporation, Purple Surgical International Ltd., Integra LifeSciences, Betatech Medikal, Insightra Medical Inc., and others. |
Segments Covered | By Mesh, By Fixation, By Approach, By Procedure, By Care Setting, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa with it further divided into major countries including the U.S. Canada, Germany, France, the UK, China, Japan, India, and Brazil.
North America is anticipated to be the dominant region in the hernia repair devices market over the forecast period. Favorable government policies, development in the healthcare infrastructure, and research grants by the government and ruling authorities are expected to propel the growth of the hernia repair devices market in this region. Europe is the second largest market followed by the Asia Pacific. The large population base in the Asia Pacific region, especially India, China, and Japan is the significant accelerating factor for the growth of the hernia repair devices market in this region. The Asia Pacific is expected to show the fastest CAGR growth during the forecast period while the Latin America market is projected to grow at a low to moderate rate during the forecast period. The Middle East and Africa are also expected to cover the prominent market value share in the hernia repair devices market.
Some of the key players in hernia repair devices market include Cook Medical Inc., Cooper Surgicals Inc., Baxter International Inc., B. Braun Melsungen AG, LifeCell Corporation, W. L. Gore & Associates, Inc., C.R. Bard, Herniamesh S. R. L, Ethicon, Inc., Medtronic Plc, Atrium Medical Corporation, Purple Surgical International Ltd., Integra LifeSciences, Betatech Medikal, Insightra Medical Inc., and others.
The global hernia repair devices market is dominated by players like:
This report segments the global hernia repair devices market as follows:
FrequentlyAsked Questions
A mesh is a surgical device that provides additional support to the hernia-affected tissues. Meshes are either made of synthetic material or bioengineered from animal tissue.
According to a study, the global hernia repair devices market size was worth around USD 4.33 billion in 2023 and is expected to reach USD 6.31 billion by 2032.
The global hernia repair devices market is expected to grow at a CAGR of 4.29% during the forecast period.
North America is expected to dominate the hernia repair devices market over the forecast period.
Leading players in the global hernia repair devices market include Cook Medical Inc., Cooper Surgicals Inc., Baxter International Inc., B. Braun Melsungen AG, LifeCell Corporation, W. L. Gore & Associates, Inc., C.R. Bard, Herniamesh S. R. L, Ethicon, Inc., Medtronic Plc, Atrium Medical Corporation, Purple Surgical International Ltd., Integra LifeSciences, Betatech Medikal, Insightra Medical Inc., among others.
The hernia repair devices market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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