The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global hernia repair devices and consumables market is on a trajectory of significant growth, projected to increase from $4.95 billion in 2022 to $5.25 billion in 2023, marking a Compound Annual Growth Rate (CAGR) of 6.15%. Looking ahead, the market is expected to reach $6.75 billion by 2027, sustaining a CAGR of 6.45%. The key driver behind this growth is the high prevalence of hernia cases worldwide. Hernia, a condition characterized by the protrusion of an organ or fatty tissue through the surrounding muscle, is being increasingly addressed through hernia repair devices and consumables. With the global incidence of hernia estimated at 220 million cases, and approximately 40,000 deaths attributed to hernias, the demand for treatment devices and consumables is witnessing a surge, leading to the market’s expansion.

Key Market Drivers:
The primary factor propelling the growth of the hernia repair devices and consumables market is the escalating prevalence of hernia cases globally. Inguinal hernia, alone, affects approximately 220 million people worldwide, resulting in about 40,000 deaths annually. Every year, around 20 million hernia repair surgeries are performed. These alarming statistics underscore the urgent need for treatment, creating a substantial market for hernia repair devices and consumables.

Major Players and Product Innovations:
Leading players in the hernia repair devices and consumables market include Allergan PLC, B. Braun Melsungen AG, Medtronic Plc., Johnson & Johnson (Ethicon Inc.), and W. L. Gore & Associates Inc. A prominent trend in the market is the introduction of innovative products, exemplified by W.L. Gore & Associates’ GORE® SYNECOR triperitoneal biomaterial. This biomaterial is designed for complex hernia repair procedures, offering rapid vascularity and permanent strength. With three unique layers, GORE-SYNECOR promotes fast vascularity while minimizing the use of permanent material.

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Regional Dynamics and Market Segmentation:
As of 2022, North America stands as the largest region in the hernia repair devices and consumables market, with Asia-Pacific expected to emerge as the fastest-growing region during the forecast period. The market is segmented based on product types (fixation devices, consumables), surgery types (open tension-free repair surgery, laparoscopic surgery), and hernia types (umbilical hernia, incisional hernia, inguinal hernia, femoral hernia, and other hernia types).

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The Hernia Repair Devices And Consumables Global Market Report 2023  provides a comprehensive overview on the hernia repair devices and consumables market size, hernia repair devices and consumables market trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the hernia repair devices and consumables market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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