Hernia repair market globally is expected to experience a compound annual growth rate (CAGR) of 3.5% from 2021 to 2028 and the market was valued at US$ 5.5 billion in 2019. Increase in the cases of hernia and ongoing advancements in technology related to hernia devices are some of the major factors driving the growth of the market. Other factors contributing the growth are obesity and diarrhea. Weak abdominal muscles developing into a small sac causes hernia and this could be due to poor nutrition, persistent coughing and sneezing, smoking, and overexertion. Along with this, favorable reimbursement policies, increase in geriatric population, and rise in the number of new product launches are highly supporting in the growth of hernia repair market. The incidences of hernia are increasing due to pregnancy, chronic constipation, family history of hernia, cystic fibrosis, and premature birth.
Market Segmentation and Scope
The global hernia repair market has been segmented into product type, procedure type, surgery type, geography/ region. Under product type, the sub-segments covered are hernia mesh and hernia fixation devices. Further, the hernia mesh is segmented into biologic mesh and synthetic mesh. Hernia fixation devices sub-segment is further segregated into sutures, tack applicators and glue applicators. Under the scope of surgery type, the sub-segments covered are inguinal hernia, umbilical hernia, incisional hernia, femoral hernia and others. Procedure type segment is further segmented into open surgery and laparoscopy surgery. The geographies covered under the scope of the study are North America, Europe, Asia Pacific and Rest of the World (RoW). The U.S., Mexico and Canada are covered under the North America; wherein Europe covered the UK, Italy, Germany, France, Spain and Rest of Europe. The countries covered under Asia Pacific are India, China, Japan, South Korea, Australia, Singapore, Taiwan and Rest of APAC. Rest of the World covers South & Central America, Middle East and Africa.
Product Type, Surgery Type, and Procedure Type Analysis
Among the product type, hernia mesh devices dominate the market at present and is expected to continue the dominating trend throughout the forecast period. Long term tensile strength and infection resistance are some of the factors that are contributing to the growth of this segment. Among the biologic and synthetic mesh, the later dominated the market due to high easy availability of product materials, product availability, and cost-effectiveness. However, hernia fixation devices is expected to witness high growth during the forecast period. Among the sub-segments of hernia fixation devices, tack applicator is expected to be the largest segment due the easy availability of products and high cost of repair devices. Among the surgery type, inguinal hernia segment is expected to dominate the market. However, the incisional hernia surgery would witness the fastest growth during the forecast period. Further, among the procedure type, open surgery is the dominating segment owing to less post-operative complications and low cost of procedures. The laparoscopic segment would witness the fastest growth due to minimal hospital stays and minimally invasive surgeries.
North America dominated the global hernia repair market accounting for about half of the market share. Increase in geriatric population, sedentary lifestyle and increase in the number of hernia cases are some of the factors responsible for the growth of the market in the region. Asia Pacific is expected to be the fastest growing regions globally due to affordable treatment cost, rise in medical tourism recently, advancement in technology, and rising healthcare reimbursements.
Competitive Landscape (Key Players Analysis)
The leading players operating in the global hernia repair devices market are Medtronic Plc; W.L. LifeCell Corporation; Baxter International, Inc.; Herniamesh S r l, Gore & Associates; B Braun Melsungen AG; Cook Medical; Ethicon Inc; C.R Bard Inc; and Atrium among others. There is tough competition in the market due to the presence of the established big players competing against each other in order to acquire the major chunk of the market.
Scope of Hernia Surgery Devices Market
Market Segments by Product Type (Volume, Units; Revenue, USD Million, 2019 - 2028)
Market Segments by Surgery type (Volume, Units; Revenue, USD Million, 2019 - 2028)
Market Segments by Procedure Type (Volume, Units; Revenue, USD Million, 2019 - 2028)
Market Segments by Region Type (Volume, Units; Revenue, USD Million, 2019 - 2028)