Hernia Repair Market

Executive Summary

Hernia Repair Market was valued at US $5.49 billion in 2021 and is projected to grow at 3.61% CAGR over the forecast period to reach US $6.79 billion by 2027. Hernia Repair Market represented US $0.38 billion opportunity over 2019-2021 and estimated to create US $1.30 billion opportunity in 2027 over 2021.

Hernia Repair from Consainsights analyses the Hernia Repair Market in the Life Sciences industry over the forecast period to 2027.

Hernia Repair research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

Hernia Repair segmentation includes Product, Surgery Type, Region and Geography.

Based on the Product, the Hernia Repair analysis covers Mesh, Mesh Fixators.

In Product segment, Mesh segment has highest cagr growth of 3.21%.

Based on the Surgery Type, the Hernia Repair analysis covers Inguinal Hernia, Incisional/Ventral Hernia, Umbilical Hernia, Femoral Hernia.

In Surgery Type segment, Inguinal Hernia segment has highest cagr growth of 3.21%.

Based on the Region, the Hernia Repair analysis covers North America, Europe, Asia Pacific, Rest of the World.

In Region segment, North America segment has highest cagr growth of 3.21%.

Based on the region, the Hernia Repair analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.

Key companies operating in the market include and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Market Overview

Definition & Scope

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.

The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.

The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.

Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.

Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.

As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

Currency, Year & Forecast

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.

For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.

For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

Product

Introduction

In 2021, Mesh segment has the highest revenue of US $3.19 billion and is expected to grow at CAGR of 3.21% by 2027 Mesh segment has highest cagr growth of 3.21%.

Mesh

Mesh segment was valued at US $2.97 billion in 2019 and is projected to grow at 3.21% CAGR over the forecast period to reach US $3.94 billion by 2027. Mesh segment represented US $0.22 billion opportunity over 2019-2021 and estimated to create US $0.76 billion opportunity in 2027 over 2021.

Mesh Fixators

Mesh Fixators segment was valued at US $2.15 billion in 2019 and is projected to grow at 3.21% CAGR over the forecast period to reach US $2.85 billion by 2027. Mesh Fixators segment represented US $0.16 billion opportunity over 2019-2021 and estimated to create US $0.55 billion opportunity in 2027 over 2021.

Surgery Type

Introduction

In 2021, Inguinal Hernia segment has the highest revenue of US $2.66 billion and is expected to grow at CAGR of 3.21% by 2027 Inguinal Hernia segment has highest cagr growth of 3.21%.

Inguinal Hernia

Inguinal Hernia segment was valued at US $2.48 billion in 2019 and is projected to grow at 3.21% CAGR over the forecast period to reach US $3.29 billion by 2027. Inguinal Hernia segment represented US $0.18 billion opportunity over 2019-2021 and estimated to create US $0.63 billion opportunity in 2027 over 2021.

Incisional/Ventral Hernia

Incisional/Ventral Hernia segment was valued at US $0.86 billion in 2019 and is projected to grow at 3.21% CAGR over the forecast period to reach US $1.15 billion by 2027. Incisional/Ventral Hernia segment represented US $0.06 billion opportunity over 2019-2021 and estimated to create US $0.22 billion opportunity in 2027 over 2021.

Umbilical Hernia

Umbilical Hernia segment was valued at US $1.17 billion in 2019 and is projected to grow at 3.21% CAGR over the forecast period to reach US $1.56 billion by 2027. Umbilical Hernia segment represented US $0.09 billion opportunity over 2019-2021 and estimated to create US $0.30 billion opportunity in 2027 over 2021.

Femoral Hernia

Femoral Hernia segment was valued at US $0.60 billion in 2019 and is projected to grow at 3.21% CAGR over the forecast period to reach US $0.80 billion by 2027. Femoral Hernia segment represented US $0.04 billion opportunity over 2019-2021 and estimated to create US $0.15 billion opportunity in 2027 over 2021.

Region

Introduction

In 2021, North America segment has the highest revenue of US $2.38 billion and is expected to grow at CAGR of 3.21% by 2027 North America segment has highest cagr growth of 3.21%.

North America

North America segment was valued at US $2.22 billion in 2019 and is projected to grow at 3.21% CAGR over the forecast period to reach US $2.95 billion by 2027. North America segment represented US $0.16 billion opportunity over 2019-2021 and estimated to create US $0.57 billion opportunity in 2027 over 2021.

Europe

Europe segment was valued at US $1.27 billion in 2019 and is projected to grow at 3.21% CAGR over the forecast period to reach US $1.68 billion by 2027. Europe segment represented US $0.09 billion opportunity over 2019-2021 and estimated to create US $0.32 billion opportunity in 2027 over 2021.

Asia Pacific

Asia Pacific segment was valued at US $1.26 billion in 2019 and is projected to grow at 3.21% CAGR over the forecast period to reach US $1.68 billion by 2027. Asia Pacific segment represented US $0.09 billion opportunity over 2019-2021 and estimated to create US $0.32 billion opportunity in 2027 over 2021.

Rest of the World

Rest of the World segment was valued at US $0.36 billion in 2019 and is projected to grow at 3.21% CAGR over the forecast period to reach US $0.48 billion by 2027. Rest of the World segment represented US $0.03 billion opportunity over 2019-2021 and estimated to create US $0.09 billion opportunity in 2027 over 2021.