In 2020, the U.S. soft tissue repair market size was valued at $1.8 billion, with over 1 million hernia repair procedures performed every year. The overall market size is expected to increase at a compound annual growth rate (CAGR) of 7.8% to reach $3.1 billion in 2026. Throughout this medical market research, we analyzed 37
Industry Trends Throughout the forecast period, the ventral hernia market share will increase at the expense of the inguinal hernia market. This shift will be a result of lower growth in the inguinal hernia market, compared to the ventral hernia repair market, and not an actual decline in the inguinal hernia market. The rising frequency
Overall, the European soft tissue repair market is expected to increase at a CAGR of 1.8% to reach nearly $520 million by 2024. If there is one factor that affects nearly every segment in this report, it’s an aging population. The demographic of those over the age of 65 is increasing in Europe, which leads
Industry Trends Soft tissue repair devices are gaining popularity in the U.S. due to the rising awareness of their clinical history among surgeons. Furthermore, the growing and aging population, and the associated demand for soft tissue repair procedures, are expected to fuel the expansion of the soft tissue augmentation and reinforcement device in the U.S.