South Korea Hernia Mesh Devices Market Size & Outlook
South Korea hernia mesh devices market, 2018-2030 (US$M)
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South Korea hernia mesh devices market highlights
- The South Korea hernia mesh devices market generated a revenue of USD 65.6 million in 2023 and is expected to reach USD 110.3 million by 2030.
- The South Korea market is expected to grow at a CAGR of 7.7% 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 65.6 million |
| Market revenue in 2030 | USD 110.3 million |
| Growth rate | 7.7% (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, South Korea accounted for 1.2% 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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South Korea 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 73.93% in 2023. Horizon Databook has segmented the South Korea hernia mesh devices market based on inguinal, incisional, femoral covering the revenue growth of each sub-segment from 2018 to 2030.
The hernia mesh devices market in South Korea is anticipated to witness a considerable growth rate over the forecast period. The increasing rate of inguinal hernia surgery in South Korea is a major factor positively influencing market growth.
For instance, according to NCBI in 2019, around 35,000 inguinal hernia surgeries are performed every year in South Korea. It also reported that around 314,238 inguinal hernia surgeries were performed in the span of 9 years in South Korea.
Therefore, such instances indicate that the demand for hernia repair devices may increase over the forecast period, thereby promoting market growth. The growing trend in the prevalence of stomach & abdominal pain among the population is likely to drive the growth of the hernia mesh devices market during the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea hernia mesh devices market , including forecasts for subscribers. This country databook contains high-level insights into South Korea hernia mesh devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea hernia mesh devices market size, by hernia type, 2018-2030 (US$M)
South Korea Hernia Mesh Devices Market Outlook Share, 2023 & 2030 (US$M)
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