Hernia Repair Devices Market Insights, Competitive Landscape and Market Forecast–2026
Hernia Repair Devices Market By Product Type (Hernia Mesh [Synthetic Mesh And Biologic/Bioresorbable Mesh], Hernia Fixators [Tack Applicators, Staplers, Sutures, Glue Applicators]), By Type (Devices And Consumables), By Surgical Type (Inguinal Hernia Repair, Incisional Hernia Repair, Ventral Hernia Repair, Femoral Hernia Repair, Umbilical Hernia Repair), By Procedure Type (Open And Laparoscopic), By End-User (Hospitals, Ambulatory Surgical Centers, And Others), by geography is anticipated to expand at a static CAGR forecast till 2026 owing to rising surgeries of hernia and growing technological advancement in hernia repair devices
Global Hernia Repair Devices Market was valued at USD 3.81 billion in 2020, growing at a CAGR of 5.06% during the forecast period from 2021 to 2026 to reach USD 5.11 billion by 2026. The rise in demand for Hernia Repair Devices is primarily attributed to the rising incidence of hernia, growing surgeries for hernia treatment, technological advancement in the product portfolio, and favourable reimbursement scenarios, among others.
Hernia Repair Devices Market Dynamics:
The demand for hernia repair devices is likely to augment during the forecasted period owing to the rising number of hernia repair surgeries. For instance as per the US Food and Drug Administration 2018 data, an estimated 800,000 inguinal hernia surgery are performed annually. Moreover, as per the 2019 data of the llywodraeth cymru / welsh government, approximately 70,000 inguinal hernia repairs performed every year in England and 6,000 each year in Wales. Thus, rising number hernia repair surgery will contribute to the global hernia repair devices market growth.
In addition, product approval for advanced hernia meshes with superior anchoring strength to eliminate the complication such as mesh migration and contraction could also bolster the global market for hernia repair devices. For instance, recently on August 11, 2020, Deep Blue Medical, a company dedicated to addressing the high rate of hernia occurrence and recurrence received 510(k) Clearance from the US Food and Drug Administration (FDA) for its T-Line® Hernia Mesh with integrated suture-like extensions for superior and high anchoring strength.
Thus, all the above-mentioned factors are projected to the global market growth for hernia repair devices.
However, certain factors such as the high cost of the surgery along with the devices and stringent regulatory process may pose a minor hurdle for the growth of the Hernia Repair Devices market.
Hernia Repair Devices Segment Analysis:
Hernia Repair Devices Market By Product Type (Hernia Mesh [Synthetic Mesh and Biologic/Bioresorbable Mesh], Hernia Fixators [Tack Applicators, Staplers, Sutures, Glue Applicators]), By Type (Devices and Consumables), By Surgical Type (Inguinal Hernia Repair, Incisional Hernia Repair, Ventral Hernia Repair, Femoral Hernia Repair, Umbilical Hernia Repair), By Procedure Type (Open And Laparoscopic), By End-User (Hospitals, Ambulatory Surgical Centers, and Others), and By Geography (North America, Europe, Asia-Pacific, and Rest of the World).
In the Hernia Repair Devices product segment, the hernia mesh segment which is further sub-segmented into synthetic mesh and biologic/bioresorbable mesh is expected to hold the largest market revenue during the forecasted period. This is due to the availability of a large number of products in the market. In addition, rising clinical trials for establishing the safety of hernia meshes are also anticipated to fuel the hernia mesh segment. For instance, Advanced Medical Solutions Ltd. collaborated with Imarc Research, Inc. for a clinical trial to study the safety and efficacy LiquiBand FIX8® Open Hernia Mesh Fixation Device for the treatment of inguinal hernia. The study is expected to complete by the year 2022.
Furthermore, hernia fixation devices which are further sub-segmented into tack applicators, staplers, sutures, and glue applicators are also projected to grow at a lucrative growth in the forthcoming years. The easy availability of the products, fewer post-operative complications, and rising demand for glue applicators for mesh fixation are the factors contributing to their market growth.
Therefore, the aforementioned factors are likely to propel the segmental growth of the Hernia Repair Devices market.
North America is expected to dominate the Overall Hernia Repair Devices Market:
Among all the countries, North America is anticipated to dominate the overall Hernia Repair Devices market during the forecast period. This domination is due to the existence of well-established and advanced healthcare facilities, rising awareness regarding hernia and its treatment in the region, and favourable reimbursement for hernia repair surgery.
Further, in the United States, the presence of key market players such as Johnson & Johnson, Becton, Dickinson and Company, and Medtronic, among others is also a driving factor for the hernia repair devices in the region.
In addition, availability of implants to provide relief from acute post-surgical pain after open inguinal hernia repair surgery also boost the demand for hernia repair surgery in the region thereby augmenting the demand for hernia repair devices. Moreover, the integration of robot-assisted hernia repair surgeries will also bolster the demand for these surgeries and ultimately driving the market for hernia repair devices in the region.
Furthermore, product approvals in the region will also bolster the market for hernia repair devices in the region. For instance, in March 2020, Novus Scientific AB received FDA approval for TIGR Matrix Surgical Mesh indicated for use in procedures involving soft tissue repair, such as for the repair of hernias or other facial defects. Also, in July 2020, C.R. Bard received FDA clearance for 3DMax MID Anatomical Mesh indicated for use in the reinforcement of soft tissue, where weakness exists, in the repair of inguinal hernias.
The Asia-Pacific region has the future potential growth for the Global Hernia Repair Devices. This is due to the increasing old age population, growing hernia cases, rising disposable income, rapid urbanization, and improving healthcare facilities. In addition, the presence of local manufacturers’ actively manufacturing hernia repair devices in the region such as Meril Life Sciences Pvt. Ltd., Changzhou Medical Equipment General Factory Co., Ltd. and Sinolinks Medical Innovation, Inc., among others is expected to boost the hernia repair devices market in the region.
Hernia Repair Devices Market Key Players:
Some of the key market players operating in the Hernia Repair Devices market include Medtronic, Johnson & Johnson, Inc., B. Braun Melsungen AG, Cook, Gem Srl, PRIMEQUAL SA, Becton, Dickinson and Company, Deep Blue Medical Inc., Meril Life Sciences Pvt. Ltd., Changzhou Medical Equipment General Factory Co., Ltd., Sinolinks Medical Innovation, Inc., W.L. Gore & Associates, Herniamesh® S.r.l., KATSAN Katgüt Sanayi ve Tic. A.Ş., Dipromed Srl, BioCer Entwicklungs-GmbH, SAMYANG HOLDING CORPORATION, Betatech Medical, Cousin Surgery, Aspide Medical S.A.S., among others
Recent Developmental Activities in the Hernia Repair Devices Market:
In February 2021, W. L. Gore & Associates launched GORE® SYNECOR Intraperitoneal Biomaterial in Europe, the Middle East, and South Africa to address unmet needs in complex hernia repair.
In September 2020, Surgical Innovation Associates received CE Mark for its flagship absorbable mesh, DuraSorb® for reconstructive and aesthetic indications including abdominal hernia prophylaxis, breast tissue support, and prosthetic breast support.
In June 2020, W. L. Gore & Associates received CE mark for GORE® SYNECOR, tri-layer hybrid material designed for ease of use during laparoscopic, robotic, and open surgical procedures.
Key Takeaways from the Hernia Repair Devices Market Report Study
Market size analysis for current market size (2020), and market forecast for 5 years (2021-2026)
The effect of the COVID-19 pandemic on this market is significant. To capture and analyse suitable indicators, our experts are closely watching the Hernia Repair Devices market.
Top key product/services/technology developments, merger, acquisition, partnership, joint venture happened for last 3 years
Key companies dominating the Global Hernia Repair Devices Market.
Various opportunities available for the other competitor in the Hernia Repair Devices Market space.
What are the top-performing segments in 2020? How these segments will perform in 2026.
Which are the top-performing regions and countries in the current market scenario?
Which are the regions and countries where companies should have concentrated on opportunities for Hernia Repair Devices market growth in the coming future?
Target Audience who can be benefited from the Hernia Repair Devices Market Report Study
Hernia Repair Devices providers
Research organizations and consulting companies
Hernia Repair Devices-related organization, association, forum, and other alliances
Government and corporate offices
Start-up companies, venture capitalists, and private equity firms
Distributors and Traders in Hernia Repair Devices
Various End-users who want to know more about the Hernia Repair Devices Market and the latest technological developments in the Hernia Repair Devices market.
Frequently Asked Questions for Hernia Repair Devices Market:
1. What are Hernia Repair Devices?
Hernia Repair Devices include the mesh and fixators for the treatment of hernia. These devices especially the mesh supports damaged tissue around hernias as it heals.
2. What is the market for Global Hernia Repair Devices?
Global Hernia Repair Devices Market was valued at USD 3.81 billion in 2020, growing at a CAGR of 5.06% during the forecast period from 2021 to 2026 to reach USD 5.11 billion by 2026.
3. What are the drivers for Global Hernia Repair Devices?
The major factors driving the demand for Hernia Repair Devices are the growing incidence of hernia, new product launches, proper reimbursement, and the growing number of hernia surgeries, among others.
4. What are the key players operating in Global Hernia Repair Devices?
Some of the key market players operating in the Hernia Repair Devices market include Medtronic, Johnson & Johnson, Inc., B. Braun Melsungen AG, Cook, Gem Srl, PRIMEQUAL SA, Becton, Dickinson and Company, Deep Blue Medical Inc., Meril Life Sciences Pvt. Ltd., Changzhou Medical Equipment General Factory Co., Ltd., Sinolinks Medical Innovation, Inc., W.L. Gore & Associates, Herniamesh® S.r.l., KATSAN Katgüt Sanayi ve Tic. A.Ş., Dipromed Srl, BioCer Entwicklungs-GmbH, SAMYANG HOLDING CORPORATION, Betatech Medical, Cousin Surgery, Aspide Medical S.A.S., among others.
5. Which region has the highest share in Hernia Repair Devices Market?
North America is anticipated to dominate the overall Hernia Repair Devices market during the forecast period 2021-2026. This domination is due to the existence of well-established and advanced healthcare facilities, rising awareness regarding hernia and its treatment in the region, and favorable reimbursement for hernia repair surgery. Moreover, key manufacturers presence also contributes to the market growth.
Please Note: It will take 7-10 business days to complete the report upon order confirmation.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook