Hernia Repair Market: Global Industry Analysis and Forecast (2023-2029)

Hernia Repair Market was valued at US$ 3.81 Bn. in 2022. Global Hernia Repair Market size is expected to grow at a CAGR of 8.4% through the forecast period.
Hernia Repair Market Overview:
Hernia is a sort of sickness where the internal layers of muscular strength become powerless, and the covering of mid-region swells out into a little sac. It can affect various regions like navel (umbilical hernia), crotch (inguinal hernia), or entry point site of a medical procedure (post-medical procedure hernia). Vigilant waiting and surgeries are the two measures by which hernia can be dealt with. The surgeries comprise of two strategies like open pressure free repair a medical procedure and laparoscopy. In any case, consistently, around 20 million inguinal hernia repair medical procedures are performed across the world. In the U.S., around 150 thousands incisional hernia repair medical procedures are performed yearly. These medical procedures are performed utilizing network which are comprised of engineered material or natural material with the assistance of repairing device.

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2022 is considered as a base year to forecast the market from 2023 to 2029. 2022’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years trends are considered while forecasting the market through 2029. 2020 is a year of exception and analysis especially with the impact of lockdown by region.
Hernia Repair Market Dynamics:
Market Drivers:

Hernia repair is one of the most well-known surgeries performed across the world. The rate of hernia is higher in men than in ladies. Around 25% of men and 2% of females foster inguinal hernia. This problem is related with risk factors like obesity, smoking, undesirable way of life, and age. Around 75% of all hernias happen in the crotch among grown-ups, prompting an increase in the reception of hernia repair devices. The high occurrence of hernia is encouraging interest for proficient hernia repair, which is expected to boost the market development over the forecast period.

Technological advancement in hernia repair devices has quickly increased recently. Progressions, for example, articulating repairing devices and self-repairing (grasping) networks are created to overcome the issues happening during laparoscopic processes. Moreover, such devices offer specialists with better admittance to points of concern inside the stomach wall and empower them to safely put the mesh at the ideal body site, which is going to help the market development.

The main considerations that contribute toward the development of the hernia repair devices market incorporate high reception pace of pain free hernia repair surgeries, increased demand for advanced network, rising reception of mechanical medical procedures, and high number of patients of hernia across the world. Running against the norm, the advancement of novel hernia products including natural mesh along with high market potential in developing nations will give worthwhile learning experiences to the market.

The primary factors driving the market's growth is the rising prevalence of hernias and other abdominal-related ailments. Furthermore, the growing senior population, which is more vulnerable to such illnesses, is boosting the market growth. In accordance with this, increased awareness of hernia treatment options, such as minimally invasive (MI) hernia repair devices, is boosting the market development.

Various product innovations, such as the creation of biologic allograft mesh with enhanced efficiency, are also contributing to the growth of the industry. Biological mesh, as compared to the more often used synthetic mesh, helps to reduce post-surgery pain and has a faster recovery time. Other factors, including the widespread adoption of robotics in surgical procedures, along with improving healthcare infrastructure across the globe, are projected to drive the market further.

Market Restraints:

The significant expense of hernia repair techniques and ominous repayment arrangements would restrain the market development soon. In any case, significant expense of hernia repair techniques and presence of non-network repair as another option and the gradual expense related with hernia repair medical procedures might affect the reception of hernia repair devices. It is on the grounds that the mesh is manufactured in developed nations makes it is costly for center and underdeveloped nations. Aside from that, the rise of more affordable options can likewise restrain the market development. The low accessibility of gifted workers is one of the critical difficulties conjectured to obstruct the Hernia Repair market growth.

Likewise, the low awareness amongst the population and significant expenses of new items and systems will challenge the market. Long delays, in any case, can have far and wide adverse results and compromise the standards of value and giving opportune admittance to mind. In freely subsidized healthcare system, holding up records give a great many administrations, like clinical counsels, specific consideration, demonstrative examinations, or remedial methodology. Recently, the administration of stomach wall a medical procedure holding up records is done by the period of time on the rundown and the need in days (special 90 days, medium 180 days, and low 365 days) as per risks connected with the patient's clinical history and social circumstances, risk related with delayed medical procedure, and clinical viability.

The concern with respect to the adequacy and safety of items utilized in hernia repair have made most government administrations foster administrative organizations and arrangements to take care of new clinical devices. The utilization of clinical devices should be possible after passing severe administrative principles, which guarantee the devices are protected, all around considered, and has no antagonistic responses. The new rules and the revision have satisfactory direction for producers. Global guidelines, for example, clinical devices endorsements assume a significant part in the new launch of hernia repair devices into the market. Thus, it may very well be a major restraint on the development of the hernia repair devices market.
Hernia Repair Market Segment Analysis:
Based on the Product type, the hernia repair market is segmented into hernia mesh and hernia fixation devices. The hernia mesh segment dominated the market with a revenue share of 76.1% owing to the wide adoption of these devices. The growth of this segment is primarily attributed to the resistance to infection and the ability to provide long-term tensile strength to prevent a recurrence. The hernia mesh segment is further segmented into biologic and synthetic mesh. The synthetic mesh segment dominated the market owing to the high product availability, the easy availability of product materials, and cost-effectiveness.

The hernia fixation devices segment will develop at the fastest CAGR in terms of revenue during the forecast period. The segment is segmented into sutures, tack applicators, and glue applicators. Tack applicators dominated the market in 2020 owing to the high cost of the device and the easy availability of products. Sutures accounted for a considerable market share in 2020 owing to the high usage in various surgical Procedure Types. The glue applicators segment is expected to expand at the fastest rate during the forecast period owing to the advantages, such as fewer post-operative complications.

Based on the procedure type, the market is segmented into open surgery and laparoscopic surgery. Open surgery dominated the market and will maintain its lead throughout the forecast period owing to its benefits such as the low cost of the procedure and fewer post-operative complications. Open hernia surgery involves making a large incision over the abdomen. The surgical mesh is placed over the repaired hernia to reinforce surrounding tissues. Benefits of open surgery include prevention of hernia reoccurrence, low cost of procedures, and lower chances of postoperative complications. However, complications associated with open surgery, such as excessive blood loss, injury to other organs, and blood clot formation, are likely to restrain the segment growth.



Laparoscopic surgery will have fastest growth rate in terms of revenue over the forecast period as it is widely accepted as a hernia treatment option. These minimally invasive surgeries are recommended owing to factors such as shorter hospital stays, faster recovery, fewer cuts, and reduced infection rate.
Regional Insights:
The North America region dominated the market with 50.0 % share in 2022. Sedentary ways of life, increasing geriatric population, and high recurrence rate of hernia are some factors liable for the market development in North America. Besides, rising medical services consumption and quicker FDA approvals are adding to the market development in this region.

The Asia Pacific is expected to witness significant growth at a CAGR of 5.4% through the forecast period. Increasing medical tourism industry, reasonable treatment, technological advancements, and rising medical services repayments are some factors driving the market around here. Moreover, the interest for hernia repair gadgets is increasing in Asian nations, particularly Japan and China, attributable to a huge patient pool. The region is supposed to observe development attributable to an enormous number of undiscovered and untreated cases, as would be considered normal to additional fuel the development of the market in this region.

The objective of the report is to present a comprehensive analysis of the global Hernia Repair market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Hernia Repair Market dynamic, structure by analyzing the market segments and projecting the Hernia Repair Market Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Hernia Repair Market make the report investor’s guide.
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Hernia Repair Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US$ 3.81 Bn.


Forecast Period 2023 to 2029 CAGR:
8.4%
Market Size in 2029:
US$ 6.71 Bn.


 Segments Covered:
by Product Type
Hernia Mesh
Hernia Fixation Devices


by Procedure Type
Open Surgery
Laparoscopic Surgery


by Surgery Type
Inguinal Hernia Repair
Incisional/Ventral Hernia Repair
Umbilical Hernia Repair
Femoral Hernia Repair



Hernia Repair Market by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players:
1. B Braun Melsungen AG (Germany)
2. Cook Medical (USA)
3. Medtronic Plc (Dublin)
4. W.L. Gore & Associates (USA)
5. Ethicon Inc. (USA)
6. C.R Bard Inc. (USA)
7. Atrium (USA)
8. LifeCell Corporation (USA)
9. Baxter International (USA)
10. Herniamesh S.R.L. (Italy)
11. Allergan Plc (Dublin)
12. Johnson & Johnson (USA)
13. The Cooper Companies (USA)
14. Dickinson and Company (USA)
15. DynaMesh (USA)
16. Integra Life Sciences (USA)
17. Meril Life Sciences (USA)

Frequently Asked Questions:

1] What segments are covered in the Hernia Repair Market report?
Ans. The segments covered in the Hernia Repair Market report are based on Product Type and Procedure Type.

2] Which region is expected to hold the highest share in the Hernia Repair Market?
Ans. The Europe region is expected to hold the highest share in the Hernia Repair Market

3] What is the market size of the Hernia Repair Market by 2029?
Ans. The market size of the Hernia Repair Market by 2029 is expected to reach US$ 6.71 Bn.

4] What is the forecast period for the Hernia Repair Market?
Ans. The forecast period for the Hernia Repair Market is 2023-2029.

5] What was the market size of the Global Hernia Repair Market in 2022?
Ans. The market size of the Hernia Repair Market in 2022 was valued at US$ 3.81 Bn.