Hernia repair devices and consumables market

Hernia Repair Devices Market, by Product Type (Hernia Mesh (Biologic Mesh and Synthetic Mesh), Hernia Fixation Devices (Sutures, Tack Applicators, and Glue Applicators), by Surgery Type (Open Surgery and Laparoscopic Surgery), by Hernia Type (Inguinal Hernia, Umbilical Hernia, Incisional Hernia, Femoral Hernia, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

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Oct 2022
CMI226
190 Pages
Excel & Pdf
Medical Devices

Summary

A hernia is a protrusion of an organ or a group of organs. It occurs when an organ or any other bodily component protrudes beyond the wall of tissue or muscle that surrounds the organs and becomes visible. The presence of hernia symptoms including vomiting, discomfort, and constipation as well as other symptoms might be noted while participating in particular activities such as jogging or walking. Inguinal hernias, umbilical hernias, femoral hernias, incisional hernias, spigelian hernias, obturator hernias, hiatal hernias, epigastric hernias, and diaphragmatic hernias are all examples of abdominal wall hernias. The majority of hernias are not serious, and they may be repaired surgically to avoid additional difficulties.

Global hernia repair devices market is estimated to be valued at US$ 7,275.7 million in 2022 and is expected to exhibit a CAGR of 7.6% during the forecast period (2022-2030).

Figure 1. Global Hernia Repair Devices Market Share (%), by Hernia Type, 2022

Increasing prevalence of hernia is expected to propel growth of the global hernia repair devices market over the forecast period.

Increasing prevalence of hernia is expected to drive market growth over the forecast period. For instance, according to the study published by national library of medicine titled “Prevalence and risk factors for abdominal wall hernia in the general Russian population,” in May 2019, abdominal wall hernias were found in 20.9% of population.

Figure 2. Global Hernia Repair Devices Market Share (%), by Region, 2022

Increasing geriatric population is expected to boost demand for hernia repair devices and is expected to drive market growth during the forecast period.

Increasing geriatric population is expected to drive market growth over the forecast period. For instance, according to Rural Health Information Hub, a U. S. government organization, as of June, 2019, there are more than 46 million adults with age 65 and older living in the U.S. and by 2050, that number is expected to grow to almost 90 million. Thus, increase in the geriatric population is expected to drive the market growth for the forecast period.

Hernia Repair Devices Market Report Coverage

Report Coverage	Details
Base Year:	2021	Market Size in 2022:	US$ 7,275.7 Mn
Historical Data for:	2017 to 2020	Forecast Period:	2022 to 2030
Forecast Period 2022 to 2030 CAGR:	7.6%	2030 Value Projection:	US$ 13,059.8 Mn
Geographies covered:	North America: U.S. and Canada Latin America: Brazil, Argentina, Mexico, and Rest of Latin America Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific Middle East: GCC Countries, Israel, and Rest of Middle East Africa: South Africa, North Africa, and Central Africa
Segments covered:	By Product Type: Hernia Mesh (Biologic Mesh, Synthetic Mesh), Hernia Fixation Devices (Sutures, Tack Applicators, Glue Applicators) By Surgery Type: Open Surgery, Laparoscopic Surgery By Hernia Type: Inguinal Hernia, Umbilical Hernia, Incisional Hernia, Femoral Hernia, Others
Companies covered:	Johnson & Johnson Services, Inc., Cooper Companies Inc., Lifecell Corporation (Allergan Plc), W. L. Gore & Associates, Inc., Maquet Holding B.V. & Co. KG, Becton, Dickinson and Company, Medtronic Plc, Cook Medical Inc., Baxter International Inc., and B. Braun Melsungen AG.
Growth Drivers:	Increasing prevalence of hernia Increasing geriatric population
Restraints & Challenges:	High cost of hernia repair devices

Global Hernia Repair Devices Market– Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization had declared it a public health emergency on January 30, 2020.

COVID-19 has affected the economy in three main ways: by directly affecting production and demand of drugs and vaccines, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries, such as China, India, Saudi Arabia, UAE, Egypt, and others, faced problems with regard to the transportation of drugs and vaccines from one place to another. COVID-19 had limited impact on the global hernia repair devices market as hospitals were occupied by COVID-19 patients.

Global Hernia Repair Devices Market: Key Developments

In July, 2020, researchers from University Politehnica of Bucharest, Romania, reported that hydrogel coatings based on methacryloyl gelatin and methacryloyl mucin have potential to modulate polypropylene mesh integration in abdominal wall repair.

Global Hernia Repair Devices Market: Restraint

Stringent regulatory approval process is expected to hinder growth of the global hernia repair devices market.

Moreover, high cost of R&D (research and development) of hernia repair devices is also expected to limit the market growth. A manufacturer of hernia repair device has to satisfy various regulatory and clinical requirements before launching the product. This prolonged phase of development and approvals forces medical device manufacturers to maintain initial high cost of hernia repair devices. High cost of products results in lack of appropriate accessibility to various technological advancements, thereby hampering the uptake.

Key Players

Major players operating in the global hernia repair devices market include Johnson & Johnson Services, Inc., Cooper Companies Inc., Lifecell Corporation (Allergan Plc), W. L. Gore & Associates, Inc., Maquet Holding B.V. & Co. KG, Becton, Dickinson and Company, Medtronic Plc, Cook Medical Inc., Baxter International Inc., and B. Braun Melsungen AG.

Table of Content

Table of Contents

*Browse 34 market data tables and 30 figures on “Global Hernia Repair Devices Market” - Global forecast to 2030

Segmentation

Detailed Segmentation:

- Frequently Asked Questions -

What is the current market size and compound annual growth rate (CAGR) of the global hernia repair devices market during the forecast period (2022-2030)?

Global hernia repair devices market size is estimated to be valued at US$ 7,275.7 million in 2022 and is expected to exhibit a CAGR of 7.6% between 2022 and 2030.

What are the major factors driving the market growth?

Factors such as increasing prevalence of hernia and increasing geriatric population are expected to drive the market growth.

Which is the leading hernia type segment in the market?

Inguinal Hernia is the leading hernia type segment in the market.

What are the key factors hampering growth of the market?

The major factors hampering growth of the market include high cost of hernia repair devices.

Which are the major players operating in the market?

Major players operating in the market include Johnson & Johnson Services, Inc., Cooper Companies Inc., Lifecell Corporation (Allergan Plc), W. L. Gore & Associates, Inc., Maquet Holding B.V. & Co. KG, Becton, Dickinson and Company, Medtronic Plc, Cook Medical Inc., Baxter International Inc., and B. Braun Melsungen AG.