South Korea Hernia Repair Devices Market Size & Outlook
South Korea hernia repair devices market, 2018-2030 (US$M)
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South Korea hernia repair devices market highlights
- The South Korea hernia repair devices market generated a revenue of USD 50.7 million in 2022 and is expected to reach USD 89.6 million by 2030.
- The South Korea market is expected to grow at a CAGR of 7.4% 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 50.7 million |
| Market revenue in 2030 | USD 89.6 million |
| Growth rate | 7.4% (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, South Korea accounted for 0.8% 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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South Korea 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 83.83% in 2022. Horizon Databook has segmented the South Korea hernia repair devices market based on hernia mesh, hernia fixation devices covering the revenue growth of each sub-segment from 2018 to 2030.
The hernia repair devices market in South Korea is anticipated to witness considerable growth rate over the forecast period. Increasing rate of inguinal hernia surgery in South Korea is a major factor positively influencing the market growth.
For instance, according to NCBI in 2019, around 34,604 inguinal hernia surgeries were 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 the market growth.
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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 country-level data and insights on the South Korea hernia repair devices market, including forecasts for subscribers. This country databook contains high-level insights into South Korea hernia repair devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea hernia repair devices market size, by product, 2018-2030 (US$M)
South Korea Hernia Repair Devices Market Share, 2022 & 2030 (US$M)
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