USD 4.48 billion
Report ID:
SQMIG35D2180 |
Region:
Global |
Published Date: October, 2024
Pages:
157
|Tables:
59
|Figures:
75
Hernia Repair Devices Market size was valued at USD 3.8 Billion in 2023 and is poised to grow from USD 3.95 Billion in 2024 to USD 5.3 Billion by 2032, growing at a CAGR of 3.9% during the forecast period (2025-2032).
Innovations such as self-fixation meshes and articulating fixation techniques have arisen to address the current market limitations, so adoption of hernia mesh devices is on the rise. Hernias can also be developed due to smoking, inadequate nutrition, family history, and lifestyle changes, hence the increased incidence of such in recent times. An important factor in the risk of hernia can be genetics, some hereditary conditions such as connective tissue disorders can increase the risk of hernia. With the rising consciousness about these genetic parameters and the advancing surgical methods, the demand for hernia mesh devices is expected to chart an upward pattern over the forecast period.
Recent years has witnessed a rapid pace of improvement in hernia mesh devices, translating several folding of greater surgical achieving kind. Features like articulating fixation devices and self-fixating (gripping) meshes have been designed to overcome common laparoscopic problems. These developments provide surgeons with better access to at-risk portions of the abdominal wall, allowing for more accurate and secure mesh placement directly at the site of interest. The continued development of newer surgical techniques especially minimally invasive laparoscopic procedures and self-fixating meshes that have had shown better patient outcome performance is further imbibing growth in the market. Studies show that less-invasive surgical techniques afford lower complication rates and quicker recovery times.
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
To get more reports on the above market click here to Buy The Report
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.
Analysis by Product
Based on product type, hernia mesh devices segment is dominating with the hernia repair devices market share. This segment is growing extensively due to the high adoption of these devices for treatment in the adult population specifically in countries with high incidence of hernia including the U.S., China, Japan, and India. The demand for hernia mesh devices is increasing primarily due to its resistance to infection and the capacity to offer long-lasting tensile strength to avoid recurrence. These hernia mesh products are being increasingly adopted due to their widespread usage in surgical repair of hernias and for reconstructing other anatomical defects. The Food and Drug Administration (FDA) estimates that a hernia mesh is used for about 90 percent of hernia repair surgeries.
Hernia fixation devices will be witnessing the fastest growth during the hernia repair devices market forecast period, up to 2031. On the basis of product type, the segment is further split into sutures, tack applicators and glue applicators. Deep Blue Medical, which manages major hernia occurrences and recurrences, was granted FDA approval in August 2020 for its T-line Hernia Mesh that includes integrated suture-like extensions. These initiatives from the growing economies are likely to augment the segmental growth during the forecast period. The sutures segment held a sizeable market share because of their extensive use in numerous surgical procedures. Due to advantages like lesser post-operative issues, the popularity for glue applicators is increasing rapidly among medical providers and patients, increasing market growth.
Analysis by Procedure
Based on procedure type, the market is segmented into open procedures and laparoscopy procedures. The open procedures segment dominated the hernia repair devices market size in terms of revenue in 2023 due to advantages like low cost of procedure and low chances of post-operative complications. In open hernia surgery, a large incision is made above the abdomen. A surgical mesh is used to cover the surface that has already been treated for a hernia to strengthen the surrounding tissues. Open surgery is beneficial because it can prevent hernia recurrence again, the procedures are less costly, and postoperative complications are less common. On the other hand, it is expected that complications such as severe blood loss, damage to adjacent organs, and thrombosis associated with open surgery will hinder the growth of the segment.
The laparoscopic procedure segment will be witnessing the fastest growth during the hernia repair devices market forecast period. This rapid growth of the segment is mainly due to the extensive adoption of laparoscopic procedures in management of hernia. These minimally invasive surgeries are suggested because of shorter hospitals stays & cures, with lesser inspersions therefore reducing the possibility of infection. For example, W.L. Gore & Associates received a CE mark for Syncore tri-layer hybrid material in June 2020 and the off-label use of the same in laparoscopic, open, and robotic surgical procedures.
To get detailed analysis on other segments, Request For Free Sample Report
North America is dominating with the largest hernia repair devices market share. The high demand of hernia repair devices in North America is due to sedentary lifestyles, rising geriatric population and high recurrence of hernia. In addition, the increasing healthcare expenditure and quick FDA approvals are supporting the growth of the market in the region. Citing data through the National Center for Biotechnology Information, the U.S. had the highest overall counts of ventral and incisional hernia in the month of March 2023. Globally, 20% of adults suffer from ventral hernias, and incisional hernias occurs in nearly 30% of midline abdominal incisions.
Asia Pacific is expected to experience the highest rate of growth during the projection period. Factors such as the rising medical tourism, low-cost treatment, technological advancements, and increasing healthcare reimbursements are expected to propel the market during the forecast period. The growing demand for hernia repair devices in the region is driven by the high per capita healthcare spending in Japan and large number of patent populations in China. Since the region will have many undiagnosed and untreated cases, which is expected to boost the growth of the market in the region, the region will continue to grow at a healthy rate.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Hernia Repair Devices Market Drivers
Growing Reported Cases of Hernia
Treatment for hernias needs medical and surgical intervention. A hernia occurs when an internal organ, or a portion of the organ, exits through a defect in the muscle or tissue wall that surrounds it. Presence of hernia types such as inguinal, femoral are increasing which is in turn rising the end-user demand for these equipment’s and expected to drive global hernia repair devices market growth over the forecast period.
Growing Geriatric Population as They are the Target Consumers
Most patients are over the age of 55 years as the risk of health problems and normal muscle breakdown increase with age. The global hernia repair device market is forecast to observe a positive CAGR during the forecast period. The rising prevalence of hernias can be attributed to the aging population, rapid lifestyle transitions, and high obesity prevalence.
Hernia Repair Devices Market Restraints
Unfavorable Approval Process
Hernia repair device R&D is extremely expensive, and this is expected to hamper the expansion of market. A producer is required to first meet various clinical, as well as regulatory conditions before being able to launch a device into the market for the repair of a hernia. Because the development and approvals timelines are so long, medical equipment manufacturers are stuck having to keep the hernia repair devices covered or extremely expensive.
High Cost of Treatment
Expensive hernia repair treatments and poor reimbursement policies are expected to hamper growth of the hernia repair devices market soon. High cost of hernia repair procedures, alternative availability in the market of non-mesh repair, and additional cost burden associated with hernia repair surgeries may restrain the global hernia repair devices market. This is expected to be challenging for the growth of the hernia repair devices industry.
Request Free Customization of this report to help us to meet your business objectives.
The hernia mesh devices market is moderately concentrated with the presence of some of the long-standing multinationals coupled with the non-established player. The market is monopolised by major companies, with leaders possessing technological prowess, wide-market distribution and high R&D investments. The key players dominating the hernia repair devices industry includes Johnson & Johnson Services, Inc., C. R. Bard, Inc., W. L. Gore & Associates, Inc., Atrium Medical (Getinge Group), LifeCell, B. Braun SE, Baxter, Cook, Herniamesh S.r.l. Emerging companies bring new solutions and competition to the marketplace. Regulatory Standards and Clinical Needs drive the demand for product development.
Hernia Repair Devices Market Top Player’s Company Profiles
Hernia Repair Devices Market Recent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, rising hernia cases are spurring demand for effective rehabilitation devices, which is expected to assist market growth. According to the U.S. FDA, more than a million hernia repair operations are done a year in the US alone. The increasing incidence of hernia is propelling the demand for an effective treatment and is expected to contribute to the development of the market. A key factor further fuelling the growth of the sector includes rising number of hernia cases across the globe. A hernia is a medical issue that often occurs when an internal body organ flows through an opening in the stomach muscles.
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 |
|
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 |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
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.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG35D2180
sales@skyquestt.com
USA +1 351-333-4748