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Global Hernia Repair Devices Market Size Study, by Product, by Procedure, by Hernia Type, and Regional Forecasts 2024-2032Global Hernia Repair Devices Market to Reach USD 12.3 Billion by 2032

Global Hernia Repair Devices Market Size Study, by Product, by...

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Global Hernia Repair Devices Market Size Study, by Product, by Procedure, by Hernia Type, and Regional Forecasts 2024-2032Global Hernia Repair Devices Market to Reach USD 12.3 Billion by 2032
Global Hernia Repair Devices Market...
Report Code
RO1/103/3214

Publish Date
16/Oct/2024

Pages
200
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The global hernia repair devices market was valued at approximately USD 5.0 billion in 2023, and it is anticipated to grow at a compound annual growth rate (CAGR) of 9.4% from 2024 to 2032, reaching an estimated USD 12.3 billion by the end of the forecast period. Hernia repair devices, including surgical meshes, fixation devices, and laparoscopic instruments, play a crucial role in the treatment of hernias by reinforcing weakened muscle or connective tissue areas to prevent organ or tissue protrusion. These devices are essential in both open and minimally invasive surgeries, effectively reducing the risk of recurrence and promoting quicker recovery.

The increasing prevalence of hernias, driven by factors such as aging populations, sedentary lifestyles, and rising obesity rates, is a key driver propelling the demand for hernia repair devices globally. As the incidence of hernias escalates, the need for surgical interventions is growing, further boosting the market. Technological advancements in hernia repair devices, such as the development of lightweight mesh materials, 3D meshes, and robotic-assisted surgeries, are also contributing significantly to market growth. These innovations improve surgical outcomes, reduce complications, and shorten recovery times, making them highly sought after by both healthcare providers and patients. Also, emerging markets present substantial growth opportunities for the hernia repair devices market. As healthcare infrastructure improves in these regions and access to advanced surgical care increases, the demand for hernia repair devices is expected to surge. Additionally, the growing preference for minimally invasive surgery, which offers reduced recovery times and less postoperative pain, is likely to drive the demand for specialized devices designed for these procedures. However, challenges such as the high cost of advanced devices and reimbursement issues in certain regions could limit market growth, particularly in areas with limited healthcare funding.

North America held the largest revenue share of 50.5% in the global hernia repair devices market in 2023, driven by factors such as a sedentary lifestyle, an increasing elderly population, and a high recurrence rate of hernias. The region also benefits from rising healthcare expenditure and faster FDA approvals, further supporting market growth. In contrast, the Asia Pacific region is expected to witness the fastest growth, with a CAGR of 4.2% during the forecast period. Factors such as increasing medical tourism, affordable treatment options, and rising healthcare reimbursements are driving the market in this region, particularly in countries like Japan and China.

Major market players included in this report are:
Medtronic
Ethicon (J&J)
Becton Dickinson & Company
B. Braun Melsungen AG
Cook Medical
CooperSurgical (The Cooper Companies)
Baxter International, Inc.
Integra LifeSciences
W.L. Gore & Associates
AbbVie (Allergan)
The detailed segments and sub-segment of the market are explained below:
By Product:
Hernia Mesh
Fixation Devices
By Procedure:
Open Surgery
Laparoscopic Surgery
Robotic Surgery
By Hernia Type:
Inguinal Hernia
Ventral Hernia
Umbilical Hernia
Incisional Hernia
Epigastric Hernia
Femoral Hernia
By End Use:
Hospitals
Ambulatory Surgical Centers
Clinics
By Region:
North America:
U.S.
Canada
Europe:
UK
Germany
France
Spain
Italy
ROE
Asia Pacific:
China
India
Japan
Australia
South Korea
RoAPAC
Latin America:
Brazil
Mexico
RoLA
Middle East & Africa:
Saudi Arabia
South Africa
RoMEA
Years considered for the study are as follows:
Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

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