Australia Hernia Repair Devices Market Size & Outlook
Australia hernia repair devices market, 2018-2030 (US$M)
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Australia hernia repair devices market highlights
- The Australia hernia repair devices market generated a revenue of USD 31.0 million in 2022 and is expected to reach USD 57.6 million by 2030.
- The Australia market is expected to grow at a CAGR of 8.1% 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.
Hernia repair devices market data book summary
| Market revenue in 2022 | USD 31.0 million |
| Market revenue in 2030 | USD 57.6 million |
| Growth rate | 8.1% (CAGR from 2022 to 2030) |
| Largest segment | Hernia mesh |
| Fastest growing segment | Hernia Fixation Devices |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Australia accounted for 0.5% of the global hernia repair devices market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China hernia repair devices market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 191.9 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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Australia 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 65.48% in 2022. Horizon Databook has segmented the Australia hernia repair devices market based on hernia mesh, hernia fixation devices covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing incidence of hernia and rising number of Paraesophageal Hernia (PEH) surgeries in Australia are among the major factors driving the market growth. For instance, as per the report published by the National Library of Medicine (NIH) in 2019, PEH repair surgeries have considerably increased to around 14.6% per annum in Australia.
Since hernia repair devices are among major requirements for such surgeries, their demand is expected to increase over the forecast period. However, high risk of postsurgical complications due to the use of hernia mesh repair devices may lead to decline in their use in Australia.
In December 2020, a leading Sydney groin surgeon has recommended banning the use of mesh devices for hernia procedures, as these cause long-term complications in patients. This may impede the growth of the market in the long run.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia hernia repair devices market, including forecasts for subscribers. This country databook contains high-level insights into Australia hernia repair devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia hernia repair devices market size, by product, 2018-2030 (US$M)
Australia Hernia Repair Devices Market Share, 2022 & 2030 (US$M)
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