Hernia Repair Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
The global hernia repair market reached a value of US$ 5.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.5 Billion by 2027, exhibiting a CAGR of 3.4% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Hernia refers to a medical condition in which an organ or fatty tissue passes through a hole or a sensitive spot in the surrounding muscle or connective tissue. Inguinal, femoral, incisional, ventral, umbilical and hiatal hernias are some of the most common types that are usually caused by obesity, diarrhea, constipation and persistent coughing or sneezing. The condition is usually treated through various non-surgical and surgical methods, such as laparoscopic and open repair procedures. These procedures utilize various repair devices, including fixation devices (absorbable and non-absorbable tack), consumables (synthetic, biological, absorbable and non-absorbable mesh) and prosthetics. The devices aid in repairing and closing holes in the abdominal wall and preventing the reoccurrence of the hernia.
The increasing prevalence of hernia and other abdomen-related disorders is one of the key factors driving the growth of the market. Furthermore, the rising geriatric population that is more susceptible to such ailments is also providing a boost to the market growth. In line with this, the rising awareness regarding the available treatment alternatives for hernia, including minimally invasive (MI) hernia repair devices, is also contributing to the market growth. Additionally, various product innovations, such as the development of biologic allograft mesh with improved efficiencies, are acting as another growth-inducing factor. In comparison to the traditionally used synthetic mesh, biologic mesh aids in minimizing post-surgery pain and offers a faster rate of recovery. Other factors, including the widespread adoption of robotics in surgical procedures, along with improving healthcare infrastructure across the globe, are projected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global hernia repair market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, surgery type, hernia type and end-user.
Breakup by Product Type:
Biological Material Mesh
Hernia Fixation Devices
Absorbable and Non-Absorbable Tack Fixation Devices
Breakup by Surgery Type:
Open Tension Repair Surgery
Tension-Free Repair Surgery
Breakup by Hernia Type:
Breakup by End-User:
Ambulatory Surgery Centers
Hospitals and Clinics
Breakup by Region:
Middle East and Africa
The report has also analysed the competitive landscape of the market with some of the key players being B. Braun Melsungen Aktiengesellschaft, Baxter International Inc., BD (Becton, Dickinson and Company), Cook Medical Inc., CooperSurgical Inc., Ethicon Inc. (Johnson & Johnson), Herniamesh S.r.l., Lifecell Corporation (Allergan Plc), Maquet (Getinge), Medtronic Inc., Olympus Corporation, Via Surgical Ltd., W. L. Gore & Associates Inc., etc. Key Questions Answered in This Report:
How has the global hernia repair market performed so far and how will it perform in the coming years?
What are the key regional markets?
What has been the impact of COVID-19 on the global hernia repair market?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the surgery type?
What is the breakup of the market based on the hernia type?
What is the breakup of the market based on the end-user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global hernia repair market and who are the key players?
What is the degree of competition in the industry?
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