USD 4.48 billion
Report ID:
SQMIG35D2180 |
Region:
Global |
Published Date: October, 2024
Pages:
157
|Tables:
59
|Figures:
75
Global Hernia Repair Devices Market size was valued at around USD 3.7 billion in 2022 and is expected to rise from USD 3.8 billion in 2023 to reach a value of USD 5.1 billion by 2031, at a CAGR of 3.9% over the forecast period (2024–2031).
The hernia repair market encompasses a wide range of medical devices, surgical techniques, and treatment options aimed at repairing and alleviating the symptoms associated with hernias. These include inguinal hernias (groin), umbilical hernias (belly button), hiatal hernias (upper stomach), and incisional hernias (resulting from previous surgical incisions). Several factors contribute to the growth of the global hernia repair market. Firstly, the rising prevalence of hernia cases across all age groups, particularly in the elderly population, is driving the demand for effective treatment options. Factors such as obesity, poor nutrition, smoking, and physical exertion can increase the risk of developing a hernia. Additionally, advancements in surgical techniques and the development of innovative medical devices have significantly improved the success rates of hernia repair surgeries. Minimally invasive procedures, such as laparoscopic and robotic-assisted surgeries, offer reduced recovery times, fewer complications, and improved patient outcomes. These advancements have spurred the adoption of hernia repair procedures globally. In conclusion, the global market is witnessing significant growth due to the increasing prevalence of hernia cases, advancements in surgical techniques, and the availability of innovative medical devices. With ongoing research and development efforts, the market is likely to experience further expansion, providing improved treatment options and outcomes for hernia patients worldwide.
US Hernia Repair Devices Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 4.48 billion
Largest Segment
Hernia Mesh
Fastest Growth
Hernia Mesh
Growth Rate
3.0% CAGR
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Global Hernia Repair Devices Market is segmented by Product, Clinical Indication, Surgery Type, End User, and region. Based on Product, the market is segmented into Mesh (Synthetic Mesh, Biologic Mesh), Suture (Absorbable Suture, Non-Absorbable Suture), Mesh Fixator (Tach Applicators, Glue Applicators), Other Products. Based on Clinical Indication, the market is segmented into Inguinal Hernia, Ventral Hernia (Incisional Hernia, Epigastric Hernia, Umbilical Hernia), Femoral Hernia, Hiatial Hernia, and Other Clinical Indications. Based on Surgery Type, the market is segmented into Laparoscopic Surgery, Open Surgery, and Robotic Surgery. Based on End User, the market is segmented into Hospitals & Clinics, Ambulatory Surgical Centers, and Other End Users. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Hernia Repair Devices Market Analysis By Type
The Hernia Mesh segment holds a dominant position in the global hernia repair market. Hernia mesh refers to a surgical implant used to reinforce weakened tissue and provide support during hernia repair procedures. These meshes are typically made from synthetic materials or biological tissues. The dominance of the Hernia Mesh segment can be attributed to several factors. Firstly, hernia meshes offer advantages such as improved strength, durability, and reduced recurrence rates compared to traditional suture repairs. They provide effective reinforcement and support to weakened tissues, enhancing the overall success of the hernia repair procedure. Additionally, advancements in mesh design, including the development of lightweight, flexible, and biocompatible materials, have further contributed to the widespread adoption of hernia meshes. With their proven efficacy and growing acceptance among surgeons, the Hernia Mesh segment continues to dominate the market.
The Hernia Fixation Devices segment is the fastest-growing segment in the global hernia repair market. Hernia fixation devices are used to secure the hernia mesh in place during the surgical procedure. These devices include trackers, staples, sutures, and other fixation instruments. The segment's rapid growth can be attributed to several factors. Firstly, the increasing adoption of minimally invasive techniques, such as laparoscopic and robotic-assisted surgeries, has led to a surge in demand for hernia fixation devices. These devices enable secure and precise fixation of the mesh, ensuring optimal positioning and preventing post-operative mesh migration or displacement. Moreover, technological advancements in hernia fixation devices, including the development of absorbable tacks and self-fixating meshes, have further fueled their adoption. These devices offer advantages such as reduced tissue trauma, improved patient comfort, and faster recovery times. With the rising popularity of minimally invasive procedures and ongoing innovations in fixation devices, the Hernia Fixation Devices segment is projected to witness robust growth in the coming years.
Hernia Repair Devices Market Analysis By Procedure
The global hernia repair devices market can also be segmented based on the type of procedure, including Open Surgery and Laparoscopic Surgery. The dominant segment in the global Hernia Repair Devices market is Open Surgery. It involves making an incision near the hernia site to access and repair the hernia. Open surgery provides direct visibility and tactile feedback to the surgeon, allowing for precise repair. It is preferred in certain complex cases or when laparoscopic equipment is not readily available. The Open Surgery segment continues to dominate the market due to its established position, widespread adoption, and familiarity among surgeons.
On the other hand, Laparoscopic Surgery, also known as minimally invasive surgery, is experiencing rapid growth and is the fastest growing segment in the hernia repair market. Laparoscopic surgery involves making small incisions and inserting a thin tube with a camera (laparoscope) and surgical instruments into the abdomen. The surgeon uses the camera's visual feedback to guide the repair process. Laparoscopic surgery offers several advantages over open surgery, including smaller incisions, reduced post-operative pain, shorter hospital stays, faster recovery times, and improved cosmetic outcomes. These benefits have led to increasing acceptance and adoption of laparoscopic techniques by both surgeons and patients.
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North America dominated the global Hernia Repair Devices market. The region has a well-established healthcare infrastructure, high healthcare expenditure, and a large patient population. Moreover, the presence of major market players and extensive research and development activities contribute to North America's dominance. The region benefits from advanced surgical techniques, a strong regulatory framework, and reimbursement policies, facilitating the adoption of innovative hernia repair products. North America is characterized by a high demand for minimally invasive procedures and technologically advanced hernia repair devices, such as robotic-assisted surgical systems. The dominating segment in North America is likely to be the inguinal hernia repair segment, given the high prevalence of inguinal hernias in the population.
The fastest-growing region in the global Hernia Repair Devices market is Asia Pacific. Factors driving this growth include increasing healthcare expenditure, improving healthcare infrastructure, rising awareness about hernia diagnosis and treatment, and a large patient population. The Asia Pacific region is witnessing a growing adoption of advanced surgical techniques and a shift towards minimally invasive procedures. The fastest growing segment in this region is expected to be the umbilical hernia repair segment. Umbilical hernias are relatively common in Asia Pacific countries, and the rising prevalence of obesity and pregnancy-related factors further contribute to the growth of this segment. Manufacturers are targeting the Asia Pacific market with innovative hernia repair products and expanding their distribution networks to tap into the region's growing demand.
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Hernia Repair Devices Market Drivers
Growing Aging Population
Hernia Repair Devices Market Restraints
Stringent Regulatory Approval Processes
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Leading multinational corporations have established strong brand identities and offer a wide range of hernia repair products, including meshes, surgical instruments, and other related devices. They invest heavily in research and development to introduce innovative solutions that improve patient outcomes and address unmet needs in hernia repair. In addition to established players, the market also witnesses the presence of smaller regional and niche players. These companies often specialize in specific product segments or focus on catering to niche markets. They play a significant role in driving innovation and offering specialized solutions tailored to specific patient requirements. Collaborations, partnerships, and strategic acquisitions are common strategies employed by companies to strengthen their market positions. These initiatives help in expanding product portfolios, accessing new markets, and leveraging complementary strengths. Moreover, companies actively engage in marketing and promotional activities to increase product visibility and market share.
Hernia Repair Devices Market Top Player’s Company Profiles
Hernia Repair Devices Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global Hernia Repair Devices market analysis, the market offers a range of treatment options for different types of hernias, including inguinal, umbilical, hiatal, and incisional hernias. Factors such as obesity, poor nutrition, and physical exertion contribute to the rising incidence of hernias, particularly among the elderly population. Advanced surgical techniques, such as laparoscopic and robotic-assisted surgeries, have improved patient outcomes and reduced recovery times. The market is driven by increasing awareness among healthcare professionals and patients, as well as favorable reimbursement policies. North America is leading the market, while the Asia Pacific region is witnessing significant growth due to rising healthcare expenditure and improving healthcare facilities. Ongoing research and development efforts are expected to further expand the market, providing better treatment options for hernia patients worldwide.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 3.7 billion |
Market size value in 2031 | USD 5.1 billion |
Growth Rate | 3.9% |
Base year | 2023 |
Forecast period | 2024–2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Hernia Repair Devices Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Hernia Repair Devices Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Hernia Repair Devices Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Hernia Repair Devices Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35D2180
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