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Hernia Repair Devices Market Report and Forecast 2023-2031

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    Report

  • 140 Pages
  • May 2023
  • Region: Global
  • Expert Market Research
  • ID: 5797998
The global hernia repair devices market value was USD 4.97 billion in 2022, driven by the technological advancements in hernia repair devices the globe. The market size is anticipated to grow at a CAGR of 5.7% during the forecast period of 2023-2031 to achieve a value of USD 8.17 billion by 2031.

Hernia Repair Devices: Introduction

Hernia repair devices are medical devices used to treat patients suffering from hernias. A hernia is a medical condition that occurs when a tissue, organ, or part of the intestine protrudes through a weak spot in the abdominal wall. Hernias can cause discomfort, pain, and can even lead to life-threatening complications if left untreated. Hernia repair devices are used to surgically repair the weakened area of the abdominal wall, which is causing the hernia. There are several types of hernia repair devices available, including mesh and non-mesh products.

The global hernia repair devices market is expected to grow due to the increasing prevalence of hernia and the rising demand for minimally invasive procedures. The market is also driven by technological advancements in hernia repair devices and the increasing number of surgical procedures performed globally. However, the high cost of hernia repair devices and the lack of skilled professionals in the field are some of the factors that may restrain market growth.

In terms of geography, the hernia repair devices market is dominated by North America, followed by Europe, due to the high prevalence of hernias and the increasing adoption of advanced surgical procedures in these regions. The Asia-Pacific region is expected to witness significant growth in the coming years, owing to the increasing healthcare expenditure, the rising geriatric population, and the increasing prevalence of obesity in the region.

Hernia Repair Devices Market Scenario

The global hernia repair devices market is expected to witness significant growth in the coming years due to the rising prevalence of hernia, increasing adoption of minimally invasive surgeries, and technological advancements in hernia repair devices. Hernia is a common medical condition that occurs when an organ or tissue protrudes through a weakened area of the abdominal muscles. The growing aging population and rising demand for advanced hernia repair devices are also driving the growth of the market.

North America and Europe dominate the global hernia repair devices market due to the presence of a large number of key players in the region, the increasing incidence of hernia, and the availability of advanced healthcare facilities. However, the Asia Pacific region is expected to witness significant growth in the coming years due to the increasing awareness about hernia repair devices, improving healthcare infrastructure, and rising healthcare expenditure in the region.

Overall, the hernia repair devices market is expected to continue to grow as more advanced devices are developed and as the demand for minimally invasive procedures increases.

Hernia Repair Devices Market Segmentations

Market Breakup by Product

  • Polymeric and Prosthetic Mesh
  • Endoscopy Instruments
  • Surgical Instruments
  • Biological Materials
  • Others

Market Breakup by Procedure

  • Open Surgery
  • Tension-Free Repair
  • Laparoscopic Surgery
  • Others

Market Breakup by Surgery Type

  • Inguinal Hernia
  • Umbilical Hernia
  • Incisional Hernia
  • Femoral Hernia
  • Others

Market Breakup by Region

North America

  • United States of America
  • Canada

Europe

  • United Kingdom
  • Germany
  • France
  • Italy
  • Others

Asia Pacific

  • China
  • Japan
  • India
  • ASEAN
  • Australia
  • Others

Latin America

  • Brazil
  • Argentina
  • Mexico
  • Others

Middle East and Africa

  • Saudi Arabia
  • United Arab Emirates
  • Nigeria
  • South Africa
  • Others

Key Trends in the Hernia Repair Devices Market

Some key trends in the hernia repair devices market include:

  • Minimally invasive procedures: There is a growing trend towards minimally invasive hernia repair procedures, such as laparoscopic and robotic-assisted surgeries. These procedures offer advantages such as smaller incisions, reduced pain, faster recovery, and shorter hospital stays
  • Technological advancements: The market is witnessing advancements in hernia repair devices, including the development of innovative mesh materials, fixation devices, and surgical techniques. These advancements aim to improve patient outcomes, reduce recurrence rates, and enhance the overall effectiveness of hernia repairs
  • Rising prevalence of hernias: The increasing prevalence of hernias, including inguinal, ventral, and hiatal hernias, is driving the demand for hernia repair devices. Factors such as obesity, aging population, and lifestyle choices contribute to the rising incidence of hernias globally
  • Focus on biologic meshes: There is a growing interest in the use of biologic meshes for hernia repair. Biologic meshes are derived from natural tissues and offer advantages such as reduced infection rates, decreased foreign body reactions, and improved tissue integration
  • Shift towards outpatient settings: There is an increasing preference for performing hernia repair procedures in outpatient or ambulatory surgery centres. This shift is driven by factors such as cost-effectiveness, convenience, and advancements in surgical techniques that allow for faster recovery and reduced hospital stays
  • Growing awareness and adoption in emerging markets: The awareness about hernia repair and the availability of advanced devices are increasing in emerging markets. This has led to a rise in demand for hernia repair devices in these regions
  • Emphasis on patient-specific treatment: Personalized medicine is gaining traction in the healthcare industry, and this trend is also reflected in hernia repair. Surgeons are increasingly tailoring treatment plans and selecting hernia repair devices based on individual patient characteristics and needs

Hernia Repair Devices Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
  • Medtronic plc
  • Johnson & Johnson Services, Inc
  • Becton, Dickinson and Company
  • Atrium Insight Inc
  • W. L. Gore and Associates, Inc
  • B. Braun Melsungen AG
  • Baxter International, Inc
  • Cook Group Incorporated
  • Ethicon Inc
  • C.R. Bard, Inc
  • Lifecell Corporation
  • Hernia Mesh S.R.L.

Table of Contents

1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage - Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Hernia Repair Devices Market Overview
3.1 Global Hernia Repair Devices Market Historical Value (2016-2022)
3.2 Global Hernia Repair Devices Market Forecast Value (2023-2031)
4 Global Hernia Repair Devices Market Landscape
4.1 Global Hernia Repair Devices Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Hernia Repair Devices Product Landscape
4.2.1 Analysis by Product
4.2.2 Analysis by Procedure
4.2.3 Analysis by Surgery Type
5 Global Hernia Repair Devices Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Hernia Repair Devices Market Segmentation
6.1 Global Hernia Repair Devices Market by Product
6.1.1 Market Overview
6.1.2 Polymeric and Prosthetic Mesh
6.1.3 Endoscopy Instruments
6.1.4 Surgical Instruments
6.1.5 Biological Materials
6.1.6 Others
6.2 Global Hernia Repair Devices Market by Procedure
6.2.1 Market Overview
6.2.2 Open Surgery
6.2.3 Tension-Free Repair
6.2.4 Laparoscopic Surgery
6.2.5 Others
6.3 Global Hernia Repair Devices Market by Surgery Type
6.3.1 Market Overview
6.3.2 Inguinal Hernia
6.3.3 Umbilical Hernia
6.3.4 Incisional Hernia
6.3.5 Femoral Hernia
6.3.6 Others
6.4 Global Hernia Repair Devices Market by Region
6.4.1 Market Overview
6.4.2 North America
6.4.3 Europe
6.4.4 Asia Pacific
6.4.5 Latin America
6.4.6 Middle East and Africa
7 North America Hernia Repair Devices Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Hernia Repair Devices Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Hernia Repair Devices Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Hernia Repair Devices Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Hernia Repair Devices Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 Medtronic plc
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Johnson & Johnson Services, Inc.
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Becton, Dickinson and Company
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 Atrium Insight Inc.
17.4.1 Financial Analysis
17.4.2 Product Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 W. L. Gore and Associates, Inc.
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 B. Braun Melsungen AG
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 Baxter International, Inc.
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 Cook Group Incorporated
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 Ethicon Inc.
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 C.R. Bard, Inc.
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
17.11 Lifecell Corporation
17.11.1 Financial Analysis
17.11.2 Product Portfolio
17.11.3 Demographic Reach and Achievements
17.11.4 Mergers and Acquisitions
17.11.5 Certifications
17.12 Hernia Mesh S.R.L.
17.12.1 Financial Analysis
17.12.2 Product Portfolio
17.12.3 Demographic Reach and Achievements
17.12.4 Mergers and Acquisitions
17.12.5 Certifications
18 Global Hernia Repair Devices Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket

Companies Mentioned

  • Medtronic plc
  • Johnson & Johnson Services, Inc.
  • Becton, Dickinson and Company
  • Atrium Insight Inc.
  • W. L. Gore and Associates, Inc.
  • B. Braun Melsungen AG
  • Baxter International, Inc.
  • Cook Group Incorporated
  • Ethicon Inc.
  • C.R. Bard, Inc.
  • Lifecell Corporation
  • Hernia Mesh S.R.L.

Methodology

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Table Information