Asia Pacific Hernia Repair Devices Market Size & Outlook
Asia Pacific hernia repair devices market, 2018-2030 (US$M)
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Asia Pacific hernia repair devices market highlights
- The Asia Pacific hernia repair devices market generated a revenue of USD 978.1 million in 2022.
- The market is expected to grow at a CAGR of 7.2% from 2023 to 2030.
- In terms of segment, hernia mesh was the largest revenue generating product in 2022.
- Hernia Fixation Devices is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Japan is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 978.1 million |
| Market revenue in 2030 | USD 1,703.2 million |
| Growth rate | 7.2% (CAGR from 2022 to 2030) |
| Largest segment | Hernia mesh |
| Fastest growing segment | Hernia Fixation Devices |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hernia Mesh, Hernia Fixation Devices |
| Key market players worldwide | Medtronic PLC, Johnson & Johnson, BD, W.L. Gore & Associates, LifeCell International, B. Braun, Baxter International Inc, COOK, Herniamesh, Atrium Health |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 16.4% of the global hernia repair devices market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,703.2 million by 2030.
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Hernia Repair Devices Market Scope
Hernia Repair Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific hernia repair 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 repair devices market will help companies and investors design strategic landscapes.
Hernia mesh was the largest segment with a revenue share of 76.33% in 2022. Horizon Databook has segmented the Asia Pacific hernia repair devices market based on hernia mesh, hernia fixation devices covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific hernia repair devices is expected to grow at the fastest rate over the forecast period. Increasing medical tourism, lesser treatment costs, technological advancements, and rising healthcare reimbursements are some of the factors driving the market growth in this region.
For instance, in October 2016, a comparative study was conducted to analyze the expenses patients incur due to hernia mesh repair in developed and developing countries. It was observed that the expense of laparoscopic inguinal hernia mesh repair for a patient in Germany was approximately USD 3,500, whereas it was USD 23,294 in the U.S.
However, the expense over similar treatments in Asia Pacific countries such as Japan was estimated to be JPY 120,000 (approximately USD 1,200), which is considerably cheaper than treatment in the U.S. In addition, the demand for hernia repair devices is increasing in Asian countries, especially in Japan and China.
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Our clientele includes a mix of hernia repair devices market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific hernia repair devices market, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific hernia repair devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific hernia repair devices market size, by country, 2018-2030 (US$M)
Asia Pacific Hernia Repair Devices Market Share, 2022 & 2030 (US$M)
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