A hernia is a type of disease when an organ or fatty tissue squeezes through a weak spot near muscle or connective tissue named as fascia. There are different types of hernias including inguinal (inner groin), incisional (resulting from an incision), femoral (outer groin), umbilical (belly button), and hiatal (upper stomach). Generally, a hernia is treated with surgical procedure and there are three main types of surgeries including open repair, laparoscopic (minimally invasive) repair, and robotic repair.
The global hernia repair devices and consumables market is estimated to account for US$ 6,381.7 Mn in terms of value in 2020 and is expected to reach US$ 10,587.5 Mn by the end of 2028.
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Growing prevalence of hernia is expected to drive growth of the global hernia repair devices and consumables market during the forecast period. According to the study, Prevalence and risk factors for abdominal wall hernia in the general Russian population’, published in May 2019, abdominal wall hernias were found in 20.9% of population. Furthermore, geriatric population is expected to boost the market growth in the near future. According to the U.S. Census Bureau, the U.S. geriatric population is expected to reach 77 million by 2034.
Polymer and Prosthetic Mesh held dominant position in the global hernia repair devices and consumables market in 2019, accounting for 42.2% share in terms of value, followed by Biologic materials respectively.
Strict regulations on product approvals are expected to restrain growth of the global hernia repair devices and consumables market during the forecast period. Furthermore, high cost associated with R&D of hernia repair devices is expected to hinder the global hernia repair devices and consumables market growth over the forecast period.
Rising R&D activities in hernia repair devices and rising adoption of composite mesh adoption can provide major business opportunities in the market. For instance, 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.
The global hernia repair devices market was valued at US$ 5,936.4 Mn in 2020 and is forecast to reach a value of US$ 10,587.5 Mn by 2028 at a CAGR of 7.5% between 2021 and 2028.
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Growing awareness pertaining hernia is expected to accelerate the market growth. For instance, in April 2019, SSM Health Cardinal Glennon Children’s Hospital raised awareness among pregnant women by spreading information about congenital diaphragmatic hernia (CDH) that would help them during prenatal diagnosis by conducting a ‘CDH Care’ Program. SSM Health Cardinal Glennon Children’s Hospital celebrate April as a congenital diaphragmatic hernia (CDH) awareness month.
Furthermore, key companies are focused in product launches, in order to enhance the market presence. For instance, in September 2019, ACell, Inc. and Southmedic launched Gentrix Surgical Matrix family of devices, which includes ACell’s platform MatriStem UBM (Urinary Bladder Matrix) technology. The Gentrix Surgical Matrix family of devices are used for the treatment of hernia and abdominal wall repair.
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.
Major players in the global hernia repair devices market are focused on investing in R&D to expand their product portfolio. For instance, B. Braun invested US$ 1,366.64 million in the expansion or replacement of production facilities and in research and development in the 2019 fiscal year.
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Hernia Repair Devices Market Size Analysis from 2021 to 2028
11.6 COVID-19 Outbreak: Hernia Repair Devices Industry Impact
Chapter 2 Global Hernia Repair Devices Competition by Types, Applications, and Top Regions and Countries
2.1 Global Hernia Repair Devices (Volume and Value) by Type
2.3 Global Hernia Repair Devices (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Hernia Repair Devices Sales, Consumption, Export, Import by Regions
Chapter 5 North America Hernia Repair Devices Market Analysis
Chapter 6 East Asia Hernia Repair Devices Market Analysis
Chapter 7 Europe Hernia Repair Devices Market Analysis
Chapter 8 South Asia Hernia Repair Devices Market Analysis
Chapter 9 Southeast Asia Hernia Repair Devices Market Analysis
Chapter 10 Middle East Hernia Repair Devices Market Analysis
Chapter 11 Africa Hernia Repair Devices Market Analysis
Chapter 12 Oceania Hernia Repair Devices Market Analysis
Chapter 13 South America Hernia Repair Devices Market Analysis
Chapter 14 Company Profiles and Key Figures in Hernia Repair Devices Business
Chapter 15 Global Hernia Repair Devices Market Forecast (2021-2028)
Chapter 16 Conclusions
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