Hernia Repair Devices Market Analysis and Forecast to 2031: By Product Type (Hernia Mesh, Hernia Fixation Devices), Surgery Type (Inguinal, Incisional and Others), Procedure Type (Open Surgery and Laparoscopic Surgery), and Region
The global Hernia Repair Devices Market was valued at USD 4234.7 Million in 2021 and it is anticipated to grow up to USD 8568.8 Million by 2031, at a CAGR of 7.3% during the forecast period.
A hernia is a condition in which an organ or tissue protrudes through a weak spot in the surrounding muscle or connective tissue. Hernia repair devices are used to treat hernias by reinforcing the surrounding muscle or connective tissue to prevent further protrusion. There are a variety of hernia repair devices available, including synthetic meshes, biological meshes, and non-mesh alternatives. The type of device used depends on the specific hernia being treated.
Global Hernia Repair Devices Market Scope and Report StructureMarket Trends and Drivers
The growing prevalence of hernia worldwide is a primary factor influencing the industry growth. Hernia is a medical condition that usually occurs when a weak spot in the abdominal muscles is protruded by an internal organ inside the human body. Clinical studies suggest that physical conditions such as obesity, straining while defecation, extreme coughing, inheritance, and strenuous activities such as heavy lifting, may lead to hernia. According to an article published in the BMJ Journal in 2020, over 20 million hernias are operated on worldwide, accounting for about 15%-18% of total surgical interventions. The growing incidence of hernia has led to a significant surge in the number of hernia repair procedures. The rising necessity to heal and strengthen the diseased hernia tissue is pushing the demand for hernia repair devices across the healthcare industry.
Market Restraints and Challenges
High cost of Mesh repair and availability of less expensive approach is expected to restrict market growth. The mesh are still to expensive to be used on regular basis in developing market. For instance in African countries. Only 8 to 10% of hernia repair with mesh mainly due to the higher cost of mesh repair. Hernia mesh repair with advanced product is unaffordable in countries with per capita government healthcare expenditure below USD 50, whereas the price of Mesh is USD 100 -3,000. Heance aforementioned factors will impede the market growth to some extent.
The report analyses the global Hernia Repair Devices Market based on product, procedure, hernia type, end-use, and region.
Global Hernia Repair Devices Market by Product
Based on the product, the hernia repair devices industry is bifurcated into hernia mesh, and fixation devices. Of these, the hernia mesh segment led the product landscape in 2021, having accounted for almost xx of the market share the same year. The growing utilization of hernia mesh devices for hernia repair surgeries is likely to bolster the segment size, which is projected to expand at a 6% CAGR over the assessment period. The inclusion of hernia meshes in hernia tissue repair procedures is known to reduce complications as they efficiently determine the hernia recurrence rates while strengthening the diseased tissue. The remarkable characteristics of these devices help decrease operating room time and recuperation while enhancing clinical consequences, fostering product adoption in the coming years.
Global Hernia Repair Devices Market by Procedure
By procedure, the industry is divided into open surgery, laparoscopic surgery, and robotic surgery. With regards to the procedure type, the open surgery segment is anticipated to grow substantially over the projection period. The open repair surgical technique has gained considerable popularity among healthcare professionals as it enables them to position two pieces of mesh, offering better support to the diseased muscles. The hernia repair devices market size from the open surgery segment exceeded USD 2.7 million in 2021. The segmental growth through 2030 can be credited to benefits such as low costs and lesser post-surgical complications.
Global Hernia Repair Devices Market by Hernia Type
Based on hernia type, the hernia repair devices industry is categorized Inguinal Hernia, Ventral Hernia, Femoral Hernia, and Others. Among these, inguinal hernia segment held significant market share in 2021. Inguinal hernia is predominantly the most common type of abdominal wall hernia, exhibiting greater prevalence in men. Almost 25% of men are at risk of developing the disease, and the prevalence grows with advancing age. The increasing frequency of the given health condition has augmented the number of inguinal hernia repair procedures, creating new growth prospects for the hernia repair devices market.
Global Hernia Repair Devices Market by End-use
Based on the end-use, the hernia repair devices market is fragmented into hospitals, clinics, and ambulatory surgical centers. The hospital segment was worth more than USD xx million in 2021 and may register significant gains in the forthcoming years. The adoption of these devices across hospitals is expected to witness a commendable rise, given that these establishments are better equipped to stock advanced, high-performance Medical Devices. Also, the availability of skilled healthcare professionals ensures better post-surgical care across these environments.
Geographical Analysis of Global Hernia Repair Devices Market
Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North America hernia repair devices market captured significant market share in 2021 and is poised to grow substantially during the forthcoming years. The regional industry is anticipated to register substantial growth owing to the increasing incidences of hernia and the presence of key industry participants. The availability of favorable reimbursement policies is another factor pushing the regional market expansion. The increasing disease burden across the region has pushed the adoption of advanced hernia repair equipment such as fixation devices and hernia mesh to perform hernia repair surgeries.
Major Players in the Global Hernia Repair Devices Market
The key players in the market
The COVID-19 profusely hampered the industry growth as the increasing severity of the crisis and the surging number of patients requiring critical care resulted in the dearth of medical staff and hospital beds. These complications led to the postponement and cancellation of various elective surgical procedures, including hernia repair surgeries, negatively impacting the industry growth. However, with the pandemic restrictions slowly waiving off and vaccination drives continuing at a considerable pace, the market has made a significant recovery so far and is likely to follow a similar trend in the forthcoming years.
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