Canada Hernia Repair Devices Market Size & Outlook
Canada hernia repair devices market, 2018-2030 (US$M)
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Canada hernia repair devices market highlights
- The Canada hernia repair devices market generated a revenue of USD 270.1 million in 2022 and is expected to reach USD 362.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 3.7% 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 270.1 million |
| Market revenue in 2030 | USD 362.1 million |
| Growth rate | 3.7% (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, Canada accounted for 4.5% 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 North America, U.S. hernia repair devices market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 3,685.3 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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Canada 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 75.64% in 2022. Horizon Databook has segmented the Canada hernia repair devices market based on hernia mesh, hernia fixation devices covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing number of hernia cases is a major market growth factor in the country. More than 55,000 surgeries are performed per year in the country. There is growing concern about recalls of hernia mesh in Canada. Since 2000, there have been more than 12 brands of hernia mesh that were recalled or withdrawn from the market.
Although data shows that mesh prevents reoccurrence of hernia, it yielded mixed results. In February 2016, a research was carried out by NCBS to study the recurrence rate of hernias repaired in Canadian hospitals, according to which, 27.7% of all hernia repairs in the study were performed in Shouldice Hospital that is entirely dedicated to the treatment of hernia.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada hernia repair devices market, including forecasts for subscribers. This country databook contains high-level insights into Canada hernia repair devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada hernia repair devices market size, by product, 2018-2030 (US$M)
Canada Hernia Repair Devices Market Share, 2022 & 2030 (US$M)
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