Status : Published Published On : Aug, 2022 Report Code : VRHC1060 Industry : Healthcare Available Format : Page : 200
2022
2030

Global Hernia Repair Market – Analysis and Forecast (2022-2030)

Industry Insights by Product (Mesh and Mesh Fixators) and by Surgery Type (Femoral, Inguinal, Umbilical and Incisional), and by Geography (U.S., Canada, Germany, U.K., France, China, Japan, India, and Rest of the World)

Industry Overview

The global hernia repair market was valued at USD 4.50 billion in 2021 and is expected to reach USD 7.36 billion by 2030, registering a CAGR of 6.2% during the forecast period 2022-2030. Hernia is a medical condition where an organ or fatty tissue protrudes out via a weak point. Hernia repair is a surgical procedure performed for the management of a hernia. Laparoscopic repair surgery and open tension-free repair surgery are the major methods for hernia repair.

The global hernia repair market is growing at significant rate, due to mounting occurrence hernia, expanding geriatric population and technological improvement. Different products contributed to the hernia repair market size. The market has witnessed high demand for mesh in the coming years due to higher cost of meshes contrasted to mesh fixators.

Hernia Repair Market Highlights

Market Segmentation

Insight by Product

On the basis of product the market is subdivided into mesh and mesh fixators. Of all products, mesh segment accounted the largest share in the market, due to higher cost of meshes contrasted to mesh fixators. Hernia repair is done with the help of mesh and mesh fixator. A mesh is operated for strengthening weak spots in the muscle at the same time mending the hernia. In addition, mesh fixators are expended to repair the mesh in its place to evade displacement.

The mesh segment is further subdivided into biologic and synthetic. The synthetic mesh segment accounted the largest share in the market due to low price of synthetic mesh in contrast to biologic mesh. In addition mesh fixators segment is further subdivided into track applicators, sutures, and glue applicators. The track applicator segment accounted the largest share in the mesh fixators market due to high cost of track applicators. In addition, glue applicators are expected to grow at fastest rate in the mesh fixators market.

Insight by Surgery Type

On the basis of surgery type the market is subdivided into femoral, inguinal, umbilical and incisional. Elevated number of inguinal surgeries performed every year is the factors responsible for the growth of the inguinal hernia. Of all the surgery type, the inguinal hernia accounted foremost share in the hernia repair market.

Hernia Repair Market Report Coverage

Report Metric

Details

Historical Period

2018–2021

Base Year Considered

2022

Forecast Period

2022 - 2030

Market Size in 2021

$4.5 Billion

Revenue Forecast in 2030

$7.36 Billion

Growth Rate

CAGR 6.2%

Segments Covered in the Report

By Product and By Surgery Tpe

Report Scope

Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling

Regions Covered in the Report

North America, Europe, Asia-Pacific, Middle East, and Rest of the World

Industry Dynamics

Growth Drivers

Mounting occurrence of hernia, technological improvement in the mesh material such as biological mesh, accessibility of reimbursement, mounting acceptance of mesh in repair surgeries and efficiency of mesh repair are the primary growth drivers for hernia repair market. For instance, according to a study named International Guidelines for Groin Hernia Management conducted by National Center for Biotechnology Information, in 2018, globally approximately 20 million patients undergo groin hernia repair every year.

Expanding geriatric population, mounting demand for robotic surgery and mounting healthcare expenditure are also facilitating the growth for the hernia repair market. For instance, according to WHO, globally in 2010 approximately 524 million people were aged 65 years and older, and is expected to reach 1.5 billion in 2050.

Challenges

Elevated price of mesh repair, lack of skilled professionals, accessibility of less massive approaches and lengthy waiting period in developed countries are the major challenges for the growth of hernia repair market. In addition, complications related to hernia repair are also hindering the growth of the hernia repair market. For instance, according to FDA, pain, infection, hernia recurrence, adhesion, obstruction, bleeding, and a hole in neighboring tissues or organs are the complications related to hernia repair.

Industry Ecosystem

Globally, the manufacturing companies trying to enter the hernia repair market are required to maintain stringent regulatory standards. Moreover, the high level of capital requirement also poses a major barrier for the entry of new players. This offers an edge to the established players in the industry competition.

Geographic Overview

Geographically, North America is the largest hernia repair market as in the region the acceptance of hernia repair is increasing. In addition, expanding geriatric population, presence of large pool of hernia patients, mounting healthcare expenditure, technological improvement, and efficient and favorable healthcare system are also up surging growth of the North American hernia repair market. For instance, according to the U.S. Census Bureau, in 2012 approximately 43.1 million people were aged 65 years and older in the U.S. and is expected to reach 83.7 million in 2050.

Asia-Pacific is observed to witness fastest growth in the market, due to expanding geriatric population. In addition, mounting medical tourism, improving healthcare infrastructure and mounting healthcare expenditure are also creating a positive impact on the hernia repair market growth in the region.

Competitive Insight

Key players in the hernia repair market are catering the demand of these devices by investing on technologically advanced products in their product portfolio across the globe. In May 2017, Integra LifeSciences Holdings Corporation launched SurgiMend MP a tissue-building solutions for complex abdominal hernia repair.

In addition, in April 2017, Becton, Dickinson and Company acquired Bard, to provide innovative healthcare solutions and to improve its product portfolio. B. Braun Melsungen AG, Becton, Dickinson and Company, Getinge AB, Johnson & Johnson, Cook Group Inc., Medtronic PLC., Integra Lifesciences Holdings Corporation, W. L. Gore & Associates, Via Surgical and Herniamesh are the key players offering repair products.

The Hernia Repair Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2022–2030.

Segments Covered in the Report

  • By Product Type
    • Mesh
    • Mesh Fixators
  • By Surgery Type
    • Femoral
    • Inguinal
    • Umbilical
    • Incisional

Region Covered in the Report

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia-Pacific (APAC)
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World (RoW)
    • Brazil
    • Saudi Arabia
    • South Africa
    • U.A.E.
    • Other Countries

Hernia Repair Market Size and Market Analysis

Source: VynZ Research

Frequently Asked Questions

Mounting occurrence of hernia, technological improvement in the mesh material such as biological mesh, accessibility of reimbursement, mounting acceptance of mesh in repair surgeries and efficiency of mesh repair are the primary growth drivers for hernia repair market
Hernia is a medical condition where an organ or fatty tissue protrudes out via a weak point.
The global hernia repair market is registering a CAGR of 6.2% during the forecast period 2022-2030.
North America is the largest hernia repair market as in the region the acceptance of hernia repair is increasing.
B. Braun Melsungen AG, Becton, Dickinson and Company, Getinge AB, Johnson & Johnson, Cook Group Inc., Medtronic PLC., Integra Lifesciences Holdings Corporation, W. L. Gore & Associates, Via Surgical and Herniamesh are the key players offering hernia repair products.

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Research Methodology

  •  Desk Research / Pilot Interviews
  •  Build Market Size Model
  •  Research and Analysis
  •  Final Deliverabvle

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