Australia Hernia Mesh Devices Market Size & Outlook
Australia hernia mesh devices market, 2018-2030 (US$M)
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Australia hernia mesh devices market highlights
- The Australia hernia mesh devices market generated a revenue of USD 89.3 million in 2023 and is expected to reach USD 141.5 million by 2030.
- The Australia market is expected to grow at a CAGR of 6.8% from 2024 to 2030.
- In terms of segment, inguinal was the largest revenue generating hernia type in 2023.
- Incisional is the most lucrative hernia type segment registering the fastest growth during the forecast period.
Hernia mesh devices market data book summary
| Market revenue in 2023 | USD 89.3 million |
| Market revenue in 2030 | USD 141.5 million |
| Growth rate | 6.8% (CAGR from 2023 to 2030) |
| Largest segment | Inguinal |
| Fastest growing segment | Incisional |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Inguinal, Incisional, Femoral |
| Key market players worldwide | Johnson & Johnson, LifeCell International, B. Braun, Baxter International Inc, Getinge AB ADR, Herniamesh, COOK, W.L. Gore & Associates, Becton Dickinson & Co |
Other key industry trends
- In terms of revenue, Australia accounted for 1.7% of the global hernia mesh devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, India hernia mesh devices market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 110.3 million by 2030.
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Hernia Mesh Devices Market Scope
Hernia Mesh Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia hernia mesh devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hernia mesh devices market will help companies and investors design strategic landscapes.
Inguinal was the largest segment with a revenue share of 73.8% in 2023. Horizon Databook has segmented the Australia hernia mesh devices market based on inguinal, incisional, femoral covering the revenue growth of each sub-segment from 2018 to 2030.
With ongoing developments in medical technology, rising burden of diseases, aging population, growing income, and shifting consumer expectations, it is anticipated that demand for medical products including hernia mesh devices and healthcare services will increase among all age groups.
Australians have one of the highest life expectancies in the world, ranking sixth among OECD nations. As Australia's aging population increasingly relies on the health system for care, the market demand will continue to rise.
Furthermore, in Australia alone, Medicare provided USD 7.9 million for groin hernia repair in 2021, with minimally invasive surgery accounting for 61% of this total. The increasing incidence of hernia and rising number of Paraesophageal Hernia (PEH) surgeries in Australia are among the major factors driving the market growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia hernia mesh devices market , including forecasts for subscribers. This country databook contains high-level insights into Australia hernia mesh devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia hernia mesh devices market size, by hernia type, 2018-2030 (US$M)
Australia Hernia Mesh Devices Market Outlook Share, 2023 & 2030 (US$M)
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