Hernia Repair Devices Market Size By Product (Hernia Mesh {Biologic, Synthetic}, Fixation Devices {Tack, Sutures, Glue Applicators}), By Procedure (Open Surgery, Laparoscopic Surgery, Robotic Surgery), By Hernia Type (Inguinal Hernia, Ventral Hernia {Umbilical Hernia, Incisional Hernia, Epigastric Hernia}, Femoral Hernia), By End-use (Hospitals, Ambulatory Surgical Centers, Clinics), Industry Analysis Report, Regional Outlook, Application Potential, Covid-19 Impact Analysis, Competitive Market Share & Forecast, 2022 - 2028
The hernia repair devices market is speculated to expand exponentially by 2028 on account of widespread adoption of robotic hernia surgeries around the world. Moreover, growing geriatric population worldwide is likely to boost industry progress over the forecast period.
Recent developments in the medical field with respect to biomaterials have opened up new options for surgeries. Extensive application of biomaterials in hernia repair to prevent post-operative adhesion, control chemical breakdown, and stimulate tissue regeneration, has augmented market uptake in recent years.
The hernia repair devices market has been bifurcated based on end-use, product, hernia type, procedure, and others. In terms of product, the market has further been divided into fixation devices and hernia mesh. The hernia mesh sub-segment held a valuation of around USD 3,090 million in 2021 and is expected to witness optimistic growth over the review period. Recent technological advancements in hernia meshes that reduce the risk of infection & post-surgical complications are likely to bolster segmental expansion in the coming time period.
With respect to procedure, the hernia repair devices market has been segmented into robotic surgery, open surgery, and laparoscopic surgery. In 2021, the laparoscopic surgery sub-segment registered a notable market share and is anticipated to reach a valuation of more than USD 2,264 million by the end of 2028. Laparoscopic surgeries offer several clinical advantages owing to which it is likely to observe high demand over 2022-2028.
Based on hernia type, the market has been differentiated into femoral hernia, inguinal hernia, ventral hernia, and others. The hernia repair devices market share from the ventral hernia sub-segment is set to expand at a considerable CAGR over the assessment timeline to be worth almost USD 1,232 million by 2028. This growth is attributed to increasing incidences of ventral hernias and growing number of ventral hernia repair surgeries.
From the end-use perspective, the hernia repair devices market has been categorized into clinics, hospitals, and ambulatory surgical centers. The clinics sub-segment is projected to garner a valuation of approximately USD 939 million by the end of 2028. Surging number of clinics on account of growing patient preference for the affordability and convenience clinics offer is estimated to propel segmental development over the forthcoming years.
On the regional front, the Middle East & Africa hernia repair devices market was valued at over USD 121 million in 2021 and is slated to showcase a solid growth trajectory through the study period. Rising incidences of hernia and prevalent product adoption across various countries in the MEA region are likely to foster industry growth over the analysis timeframe.
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