Global Hernia Repair Devices Market by Surgery Type (Inguinal, Incisional), by Product Type (Hernia Mesh, Hernia Fixation Devices) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global hernia repair device market was valued at USD 3.49 Billion in 2020. It is expected to grow at a compound annual rate (CAGR of 5.65%) between 2021 and 2028. The market's growth is attributed to the rising incidence of hernia and favorable reimbursement policies. Market growth is expected to be aided by a rising demand for effective repair devices due to the high incidence of hernia. The U.S. FDA estimates that more than a million hernia repairs are performed annually in the United States alone. Market growth is expected to be driven by the demand for a more efficient solution due to high hernia incidence.

Estimates suggest that 28 million elective surgeries and operations were cancelled during the 12 weeks of disruption caused by the COVID-19 epidemic. Inguinal hernias were affected by 2.5% and umbilical and incisional hernias respectively. The German government announced in mid-March 2020 that elective surgical procedures would be stopped. Herniamed also saw a significant drop in the number of hernia repair cases during March 2020. The April 2020 hernia repairs were the lowest. During this time, approximately 25% of all hernia surgeries performed between February and June 2019 were completed.

Due to the gradual decline in COVID-19-related cases since May 2020, the restrictions on elective surgery in German hospitals were lifted. This resulted in an increase in elective hernia repair. Despite normalization in Germany's hospitalization policies, June 2020 saw a significantly lower caseload for hernia repair than June 2019.

The most common type of surgery performed worldwide is hernia repair. Hernia incidence is higher among men than it is among women. Inguinal hernia affects 25% of men and 2% in women. Inguinal hernia is linked to obesity, smoking, unhealthy lifestyles, and age. Adults account for 75% of all hernias. This has led to an increase in hernia repair tools. Market growth is expected to be boosted by the high incidence of hernia.

In recent years, technological advances in hernia repair technology have increased rapidly. To overcome problems that can arise during laparoscopic procedures, advancements such as self-fixating meshes and articulating fixation devices have been made. These devices allow surgeons to access weaker areas in the abdominal wall, and permit them to secure place the mesh at the desired site. This will increase market growth.

Product Type Insights

Due to their widespread adoption, the hernia mesh segment was the dominant market player with a revenue share at 76.1% in 2020. This segment's growth is due to its resistance to infection and ability to provide long-term strength to prevent recurrence. The hernia mesh market can be further divided into synthetic and biologic mesh. Due to its high product availability, easy availability of product material, and cost-effectiveness, synthetic mesh dominated the market for 2020.

The fastest growing segment in terms of revenue is the hernia fixation device segment. This segment can be divided into glue applicators, tackapplicators, or sutures. Tack applicators were the most popular market segment in 2020 due to their high price and easy availability. Due to their high use in different surgical applications, sutures held a significant market share in 2020. Due to their advantages such as fewer complications after surgery, the glue applicators market is expected to grow at the fastest pace during the forecast period.

Procedure Type Insights

With a revenue share at 76.3%, open surgery dominated the market in 2020. It is expected to continue its dominance throughout the forecast period due to its advantages such as its low cost and fewer complications after the procedure. An open hernia procedure involves making a large incision across the abdomen. To strengthen surrounding tissues, the surgical mesh is applied to the hernia. Open surgery has many benefits, including the prevention of hernias recurring, lower cost procedures, and lower chance of complications afterward. Open surgery can lead to complications such as blood clot formation and excessive blood loss.

Because it is widely accepted as an option for treating hernias, laparoscopic surgery will likely see the highest revenue growth over the forecast period. These minimally invasive procedures are highly recommended due to the fact that they require fewer hospital stays, take less time to recover, and have a lower infection rate.

Surgery Type Insights

With a market share of more than 65.0%, inguinal hernia was the dominant segment with a 2020 revenue share of over 65.0%. This segment is driven by patient feasibility and widespread adoption of these surgical procedures. The FDA estimates that there are over 800,000 inguinal repairs performed each year in the United States. These procedures are increasing in number, which is driving demand for hernia repair equipment.

Incisional hernia is predicted to grow at the fastest revenue CAGR during the forecast period. Incisional hernia can be caused by a previous abdominal wall incision, or incompletely healed surgical wounds. This is the second-most common surgery, after inguinal surgery. According to Medscape, approximately 30.0% of all laparotomies performed in the U.S. each year are incisional hernias. Incisional hernias account for 50.0% of all surgeries within two years. However, 74.0% occur within three years. This creates a demand for hernia repair tools.

Regional Insights

North America was the dominant market, with a revenue share exceeding 50.0% in 2020 due to the presence major players. Market growth in North America is due to a growing population of elderly people, sedentary lifestyles and high recurrence rates of hernia. The market is also growing due to rising healthcare spending and quicker FDA approvals.

Asia Pacific will experience the fastest revenue growth over the forecast period. The market is driven by rising medical tourism, affordable treatment and technological advances, as well as rising healthcare reimbursements. Due to the large patient population, Asian countries are seeing a rise in demand for hernia repairs devices. Due to the large number of undiagnosed cases and untreated cases in the region, the market is expected to grow strongly.

Market Share & Key Company Insights

Due to the presence of well-established players in the market, the market has seen high levels of competition. To maintain a larger market share, large companies coexist with smaller companies that specialize in a specific product line to keep their market share. The following are some of the most prominent players in global hernia repair device market:

• B Braun Melsungen AG

• Cook Medical

• Medtronic Plc

• W.L. Gore & Associates

• Ethicon Inc.

• C.R Bard Inc.

• Atrium

• LifeCell Corporation

• Baxter International

• Herniamesh S.R.L.

Up Market Research published a new report titled “Hernia Repair Devices Market research report which is segmented by Surgery Type (Inguinal, Incisional), by Product Type (Hernia Mesh, Hernia Fixation Devices), By Players/Companies Medtronic Plc, Herniamesh SRL, LifeCell Corporation, CR Bard Inc, B Braun Melsungen AG, Baxter International, WL Gore & Associates, Ethicon Inc, Cook Medical, Atrium”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Hernia Repair Devices Market Report Segments:

The market is segmented by Surgery Type (Inguinal, Incisional), by Product Type (Hernia Mesh, Hernia Fixation Devices).

Hernia Repair Devices Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Hernia Repair Devices Market

Overview of the regional outlook of the Hernia Repair Devices Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Hernia Repair Devices Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Hernia Repair Devices Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Inguinal

                2. Incisional

                1. Hernia Mesh

                2. Hernia Fixation Devices

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Hernia Repair Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Hernia Repair Devices Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.