Year | Value |
---|---|
2024 | USD 5.22 Billion |
2032 | USD 9.23 Billion |
CAGR (2024-2032) | 4.56 % |
Note โ Market size depicts the revenue generated over the financial year
The world hernia market is set to grow significantly with a current market size of $ 5.22 billion in 2024, expected to reach $ 9.23 billion by 2032. The CAGR of 4.56% over the forecast period is a reflection of the anticipated growth of the market. The primary driving factor for the expansion of the market is the growing prevalence of hernias, which is a result of obesity, aging population and sedentary lifestyle. Also, the advancement in surgical techniques and the development of new materials for the meshes used in the treatment of hernias, further increase the demand for the market. The key players in the hernia repair market, such as Medtronic, Boston Scientific and J&J, are adopting strategic measures to increase their market share. They are investing in the development of new products such as bioabsorbable meshes and surgical robots. And they are forming strategic alliances to expand their geographical reach. This reflects the increasing competition in the market.
The Hernia Repair Market is characterised by substantial regional differences, which are influenced by the medical-care systems, economic conditions, and regulatory environments. In North America, the market is dominated by the use of sophisticated surgical techniques and a high prevalence of hernia cases, whereas in Europe the focus is on minimally invasive surgical procedures. The Asia-Pacific region is characterised by rapid growth, as access to health care and awareness of surgical procedures are improving. The Middle East and Africa are challenged by poor access to health care, but investments in the medical-care system are growing. Latin America is characterised by a rapid rise in surgical procedures and the growing focus on improving health care.
โIn the lifetime of every fourth man a hernia occurs, and that is one of the most common surgical operations in the world.โ โ American College of Surgeons
HERNIA MARKET CHARACTERIZED BY DIFFERENT SEGMENTS INCLUDING OPEN SURGERY, LAPARSCOPIC SURGERY AND ROBOTIC HERNIA SURGERY. The hernia market is driven by a preference for less invasive procedures among patients, technological advancements and a rising hernia occurrence due to lifestyle changes. Regulatory support for the laparoscopic solutions is increasing the demand for them, which makes them an important segment in the hernia market.
The use of laparoscopic methods is now in a mature stage, with the leading companies, Ethicon (a division of the firm of Ethicon, Inc.) and Medtronic, having the last word. The main applications are in the repair of inguinal hernias and in the repair of ventral hernias, where laparoscopic methods offer a reduced postoperative course and fewer complications. The growing emphasis on outpatient surgery and the integration of robots into surgery are further encouraging the market. 3D visualization and suture devices are defining the future of hernia surgery and ensuring better surgical results and patient satisfaction.
The market for hernia repair is expected to grow significantly from 2024 to 2032. It is expected to grow from $ 5.2 billion to $ 9.2 billion, with a CAGR of 4.56%. The main reason for this growth is the growing prevalence of hernias, especially in the aging population and in populations with risk factors associated with modern life. As surgical techniques improve and minimally invasive procedures become more common, the market penetration rate is expected to rise from about 15% in 2024 to more than 25% in 2032. In addition, clinical studies are underway that demonstrate the effectiveness and safety of new repair materials and techniques that are expected to receive regulatory approval in the coming years.
The development of bioabsorbable meshes and the introduction of robots into the operating theatre will revolutionize hernia repair, improve outcomes and reduce recovery times. Further market growth will be fueled by the trend towards day surgery and the shift towards value-based care. The integration of artificial intelligence into surgical planning and post-operative care will further improve the precision and efficiency of hernia repair. As health systems continue to adopt these innovations, the hernia repair market is set to expand, offering new opportunities for companies and improving patient care.
Covered Aspects:Report Attribute/Metric | Details |
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Growth Rate | ย ย 4.40% |
ยฉ 2025 Market Research Future ยฎ (Part of WantStats Reasearch And Media Pvt. Ltd.)