Hernia Repair Market - Forecast to 2023 Hernia Repair Market
Hernia Repair Market by Product (Mesh (Synthetic, Biologic), Mesh
Fixation (Suture, Tack and Glue Applicator)), Surgery Type (Inguinal,
Incisional/Ventral, Umbilical, Femoral), and Geography (America,
Europe, Asia Pacific) - Forecast to 2023
[151 Pages Report] The Hernia Repair Market is expected to reach USD 4.75 Billion by 2023
from USD 3.97 Billion in 2017, at a CAGR of 3.0% during the forecast period.
The increasing adoption of mesh in hernia repair surgeries, rising geriatric population, new
product developments, and efficient reimbursement system in developed countries are the
major factors driving the growth of the Hernia Repair Market during the forecast period.
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The hernia mesh segment is further categorized on the basis of type and surgery.
On the basis of type, this market is segmented into synthetic and biologic mesh. In 2018, the
synthetic mesh segment is expected to account for the largest share of the hernia mesh market.
This large share can be attributed to the low cost of synthetic mesh in comparison to biologic
mesh.
Based on surgery, the Hernia Repair Market is segmented into inguinal hernia,
incisional/ventral hernia, femoral hernia, and umbilical hernia. Of these, the inguinal hernia
segment is expected to account for the largest market share in 2018. The large share of this
segment is attributed to the high number of inguinal hernia repair surgeries performed
worldwide every year.
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