Global Inguinal Hernia Devices Market - 2023-2030

Global Inguinal Hernia Devices Market - 2023-2030

Global Inguinal Hernia Devices Market reached US$ YY billion in 2022 and is expected to reach US$ YY million by 2030 growing at a CAGR of YY% during the forecast period 2023-2030.

Inguinal hernia devices are medical devices that are used to promote the healing of injured tissue around hernias. These devices are used in inguinal hernia repair, a surgical procedure that presses a hernia bulge back into position and reinforces the abdominal wall weakness. Inguinal hernia devices usually consist of mesh and are stitched, stapled, or glued across the area surrounding the hernia.

Pores in the mesh allow tissue to grow into the device, which reduces the chance of a hernia recurring or relapsing. In addition to mesh devices, sutures (stitches) and sometimes mesh may be utilized during inguinal hernia repair surgery.

The surgery to repair the hernia can be open or laparoscopic, and the surgeon will determine which type of anesthesia is best for the patient. Overall, inguinal hernia devices are a key component of the surgical treatment of inguinal hernias, and they can help to support damaged tissue and prevent the hernia from returning.

Market Dynamics: Drivers and Restraints

The increasing number of inguinal hernia repairs

The rising number of inguinal hernia repairs is a major driver of the inguinal hernia device market. For instance, according to the American College of Surgeons 2023 report, 1 million inguinal hernia repairs are performed annually in the U.S. alone and a global estimate exceeding 20 million such surgeries each year, hernia repair has become one of the most often performed general surgical procedures globally.

Furthermore, this report emphasizes the increasing occurrence of inguinal hernias, indicating a huge demand for hernia repair options. This spike in demand indicates the need for medical device manufacturers to develop innovative products such as three-dimensional (3D) imaging of the abdomen allowed doctors to perform surgery through small incisions rather than the huge incisions linked with traditional open surgery, leading to less tissue damage, less pain, and faster postoperative recovery for patients and thereby fulfilling the rising need for successful hernia repair procedures.

Market Dynamics: Restraint

The high cost associated with hernia devices and the challenges posed by regulatory bodies can be a potential barrier and have a significant impact on the global inguinal hernia device market over the forecast period. The high cost of these devices may limit access to treatment in under developed regions and put strain on healthcare facility and influence patients decision making when it comes to opting for surgery.

The strict regulatory approval processes and compliance costs can create obstacles for companies looking to enter the market or develop products. Complications such as persistent pain, infections, hernia recurrence, adhesions, bowel obstructions, mesh-related issuesand others can lead to dissatisfaction and necessitate additional medical interventions. This not affects healthcare costs but also discourages some individuals from undergoing hernia repair surgery. Overcoming these challenges is crucial for industry stakeholders in order to foster growth, in the market.

Segment Analysis

The global inguinal hernia device market is segmented based on type, product, age group, surgical procedure, end user and region.

The hernia mesh segment accounted for approximately 44.2 % of the market share

The hernia mesh segment accounted for 44.2% and it is expected to be dominated during the forecast period. The segment holds a position, in the market due to its usage and effectiveness in inguinal hernia repair procedures. These meshes offer support to weakened abdominal walls reducing the chances of hernia recurrence. They are available in materials and designs catering to the needs of patients. Additionally, rise of minimal invasive procedures has led to popularity due increasing number of surgeries has led to a higher demand, for hernia meshes as they work well with these procedures.

The increasing funding for the development of advanced mesh will create a positive impact on the market. For instance, in August 2022, Deep Blue Medical Advances, a Durham company previously funded with more than $400,000 in North Carolina Biotechnology Center loans, has raised more than $7 million in venture capital to facilitate development with the commercialization of its T-Line Hernia Mesh product. This innovative device intends to eliminate a common source of failure in conventional mesh fixation, reinforce anchors, and improve hernia repair procedures.

Furthermore, in February 2022, Dolphin Mesh, manufactured in India by Futura Surgicare Pvt Ltd, launched a premium surgical mesh brand built for ""tension-free"" and laparoscopic hernia repairs. These meshes serve as crucial devices in surgeries that strengthens weakened areas, enable tissue ingrowth, and may be modified to meet individual surgical demands. Thus, owing to the above factors the segment is expected to dominate over the forecast period.

Geographical Analysis

North America accounted for approximately 37.4% of the market share in 2022

North America is estimated to hold about 37.4% of the total market share throughout the forecast period, owing to the increasing number of investment, increasing prevalence of hernia, product approvals and FDA clearance, collaboration with the key players, and others that will drive this region further during the forecast period.

For instance, in October 2022, Medtronic plc, a prominent global healthcare technology business, received approvals for its Hugo robotic-assisted surgery (RAS) system, expanding its market reach and indications globally. Particulary, Health Canada has received a license for general laparoscopic surgery use. These approvals bring up new options for minimally invasive surgery in Europe, North America, and Asia, making the benefits more accessible globally. These treatments range from simple to sophisticated and include cholecystectomy, inguinal hernia repair, gastric bypass, and lower anterior resection.

Furthermore, in June 2023, Advanced Medical Solutions Group plc, a world leader in tissue-healing technologies, received the U.S. FDA approval for the Pre-Market Approval (PMA) of LiquiBandFix8 for use in hernia surgery. To secure mesh to tissue within the body during hernia surgery, LiquiBandFix8 uses droplets of cyanoacrylate adhesive rather than sharp tacks. To secure mesh to tissue within the body during hernia surgery, LiquiBandFix8 uses droplets of cyanoacrylate adhesive rather than sharp tacks. Thus, owing to the above factors the region is expected to dominate over the forecast period.

COVID-19 Impact Analysis

The COVID-19 pandemic has majorly impacted the market, as it has resulted in a significant decrease in the amount of elective hernia repairs, particularly incisional hernia surgery. For instance, according to British Journal of Surgery 2022 article, inguinal hernia is a common surgical disease in children, with a 6% to 16% frequency in preterm and low-birthweight infants. The COVID-19 pandemic impacted hospital services, but it also presented a unique opportunity to collect clinical outcomes for children with inguinal hernia who would face delays in operative therapy, including the chance of spontaneous resolution while awaiting operative repair.

During the COVID-19 pandemic, twenty-five UK pediatric surgical centers took part in observational research evaluating the therapy of inguinal hernia in infants under 6 months of age. The study discovered a substantial decrease in the frequency of inguinal hernia repairs performed during the pandemic compared to the same period in the previous year.

Competitive Landscape

The major global players in the inguinal hernia devices market include B Braun Melsungen AG, Johnson & Johnson, Sinolinks Medical Innovation, Inc., Beijing Biosis Healing Biological Technology Co.,Ltd, Betatech Medical, Medtronic, W. L. Gore & Associates, Inc., Dynamesh Inc., Cousin Biotech, Cook Medical and among others.

Why Purchase the Report?
• To visualize the global inguinal hernia devices market segmentation-based on type, product, age group, surgical procedure, end user and region as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development
• Excel data sheet with numerous data points of inguinal hernia devices market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global inguinal hernia devices market report would provide approximately 79 tables, 79 figures, and 185 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies