India Hernia Mesh Devices Market Size & Outlook, 2023-2030
India hernia mesh devices market, 2018-2030 (US$M)
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India hernia mesh devices market highlights
- The India hernia mesh devices market generated a revenue of USD 231.4 million in 2023 and is expected to reach USD 374.1 million by 2030.
- The India market is expected to grow at a CAGR of 7.1% 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 231.4 million |
| Market revenue in 2030 | USD 374.1 million |
| Growth rate | 7.1% (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, India accounted for 4.4% 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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India 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 74.2% in 2023. Horizon Databook has segmented the India hernia mesh devices market based on inguinal, incisional, femoral covering the revenue growth of each sub-segment from 2018 to 2030.
An increasing number of hernia mesh device manufacturers are setting up manufacturing facilities in India owing to a favorable regulatory climate and large population. The presence of several local players in India further aids the country in securing a strong market position.
India also has world-class technologies, doctors, and clinics, which can subsequently boost the demand for hernia mesh devices. For instance, as per a published article, in February 2023, a bioresorbable mesh was recently employed on a patient with a ventral hernia by doctors at MGM Healthcare in Chennai.
This mesh can be utilized selectively on certain hernia sufferers. According to a hospital press release, it has been authorized by the FDA and is being widely utilized in the U.S. over the last 15 to 18 months.
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Horizon Databook provides a detailed overview of country-level data and insights on the India hernia mesh devices market , including forecasts for subscribers. This country databook contains high-level insights into India hernia mesh devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India hernia mesh devices market size, by hernia type, 2018-2030 (US$M)
India Hernia Mesh Devices Market Outlook Share, 2023 & 2030 (US$M)
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