Hernia Repair Devices and Consumables Market 2023 – 2030 By Surgery Type (Open Tension-Free Repair Surgery and Laparoscopic surgery), and Hernia Type (Incisional Hernia, Umbilical, Inguinal Hernia, and Femoral Hernia),Product (Fixation Devices and Consumables) - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits
Industry : Healthcare | Pages : 180 Pages | Published On : Jul 2023
The global market for hernia repair devices and consumables reached a value of $4,742 million in 2019 and is projected to reach $6,350 million by 2030, with a CAGR of 3.6% from 2023 to 2030.
Hernia is a medical condition where the inner layers of abdominal muscles weaken, causing the abdominal lining to bulge out into a small sac. It can occur in different areas such as the navel (umbilical hernia), groin (inguinal hernia), or at the site of a previous surgery (post-surgery hernia). Treatment options for hernia include watchful waiting and surgical procedures. Surgical procedures commonly involve open tension-free repair surgery or laparoscopy. Approximately 20 million inguinal hernia repair surgeries are performed worldwide each year, with around 150 thousand incisional hernia repair surgeries in the U.S. These surgeries typically involve the use of mesh made from synthetic or biological materials, along with fixation devices.
The growth of the hernia repair devices and consumables market is driven by factors such as the high adoption rate of tension-free hernia repair surgeries, increasing demand for advanced mesh, rising use of robotic surgeries, and the high prevalence of hernia worldwide. However, the market growth may be hindered by the high cost of hernia repair procedures and unfavorable reimbursement policies. On the other hand, the development of novel hernia products, including biological mesh, and the untapped market potential in developing countries present lucrative growth opportunities.
In terms of products, the market is divided into fixation devices and consumables. Fixation devices include tack and other fixation devices, with the tack segment further categorized into absorbable tack and non-absorbable tack. The consumables segment consists of mesh, which can be synthetic material mesh or biological material mesh. Synthetic material mesh is further classified into absorbable mesh and non-absorbable mesh. The consumables segment was the major contributor to revenue in 2019 and is expected to maintain this trend during the forecast period, driven by the high usage, applicability, and increasing number of hernia surgeries. The fixation devices segment is anticipated to have the highest CAGR of 4.6% from 2023 to 2030, fueled by the widespread adoption of laparoscopic hernia surgeries and the use of advanced fixation devices. Additionally, due to the higher recurrence rate of suture-based surgeries, healthcare professionals prefer fixation device-based surgeries, further driving the growth of the global hernia repair devices and consumables market.
Hernia Repair Devices and Consumables Market
In 2019, the dominant position in the hernia repair devices and consumables market was held by the consumables segment, and it is expected to maintain its lead throughout the forecast period.
By Hernia Type
The global hernia repair devices and consumables market is classified into different types of hernias, including incisional hernia, umbilical hernia, inguinal hernia, femoral hernia, and other hernias. The umbilical hernia segment is projected to exhibit the highest growth during the forecast period. This is due to the increasing prevalence of umbilical hernias, which are more common in women and affect approximately 20% of babies at birth, leading to a higher demand for umbilical hernia surgeries. On the other hand, the inguinal hernia segment held the largest share in 2019 and is anticipated to continue its dominance during the forecast period, driven by the high number of inguinal hernia repair surgeries performed globally each year.
Region segment review
The hernia repair devices and consumables market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America dominated the market in 2019 and is expected to maintain its position throughout the forecast period. This can be attributed to the early approval of hernia repair devices and the increased number of hernia procedures in the region. In terms of growth rate, the
Asia-Pacific region is projected to exhibit the highest CAGR of 4.9% during the period 2023-2030.
The report offers a comprehensive analysis of the major players in the global market for hernia repair devices and consumables. These key players include Allergan Plc., B. Braun Melsungen AG, Baxter International Inc., Becton, Dickinson and Company (C.R. Bard, Inc.), Cook Medical, Inc., HerniameshS.r.l., Johnson & Johnson (Ethicon Inc.), Medtronic Plc., The Cooper Companies, Inc., and W. L. Gore & Associates, Inc. Additionally, there are other players in the value chain, such as Integra Life Sciences and Insightra Medical, although they are not profiled in the report.
Key Benefits for Stakeholders:
- The report provides a detailed quantitative analysis of current trends and forecast estimations from 2023 to 2030 in the hernia repair devices and consumables market. This analysis helps stakeholders identify prevailing market opportunities.
- An in-depth analysis of the market in various regions enables stakeholders to gain a comprehensive understanding of current trends, allowing them to formulate region-specific plans.
- The report offers a comprehensive analysis of the factors driving and restraining market growth.
- Detailed analysis of market conditions is provided for different regions and countries within the hernia repair devices and consumables market.
- The projections in the report are based on the analysis of current trends and future market potential from 2023 to 2030 in terms of value.
- An extensive analysis of various regions provides valuable insights for companies to strategically plan their business moves.
- The report profiles key market players in the hernia repair devices and consumables market, analyzing their strategies in depth. This helps stakeholders gain a better understanding of the competitive landscape of the global market for hernia repair devices and consumables.
Key Market Segments
- Fixation Devices
- Absorbable Tack
- Non-absorbable Tack
- Other Fixation Devices
- Synthetic Material Mesh
- Absorbable Mesh
- Non-absorbable Mesh
- Biological Material Mesh
By Surgery Type
- Open Tension-free Repair Surgery
- Laparoscopic Surgery
By Hernia Type
- Incisional Hernia
- Umbilical Hernia
- Inguinal Hernia
- Femoral Hernia
- Other Hernia
- North America
Table and Figures
At MarketDigits, we take immense pride in our 360° Research Methodology, which serves as the cornerstone of our research process. It represents a rigorous and comprehensive approach that goes beyond traditional methods to provide a holistic understanding of industry dynamics.
This methodology is built upon the integration of all seven research methodologies developed by MarketDigits, a renowned global research and consulting firm. By leveraging the collective strength of these methodologies, we are able to deliver a 360° view of the challenges, trends, and issues impacting your industry.
The first step of our 360° Research Methodology™ involves conducting extensive primary research, which involves gathering first-hand information through interviews, surveys, and interactions with industry experts, key stakeholders, and market participants. This approach enables us to gather valuable insights and perspectives directly from the source.
Secondary research is another crucial component of our methodology. It involves a deep dive into various data sources, including industry reports, market databases, scholarly articles, and regulatory documents. This helps us gather a wide range of information, validate findings, and provide a comprehensive understanding of the industry landscape.
Furthermore, our methodology incorporates technology-based research techniques, such as data mining, text analytics, and predictive modelling, to uncover hidden patterns, correlations, and trends within the data. This data-driven approach enhances the accuracy and reliability of our analysis, enabling us to make informed and actionable recommendations.
In addition, our analysts bring their industry expertise and domain knowledge to bear on the research process. Their deep understanding of market dynamics, emerging trends, and future prospects allows for insightful interpretation of the data and identification of strategic opportunities.
To ensure the highest level of quality and reliability, our research process undergoes rigorous validation and verification. This includes cross-referencing and triangulation of data from multiple sources, as well as peer reviews and expert consultations.
The result of our 360° Research Methodology is a comprehensive and robust research report that empowers you to make well-informed business decisions. It provides a panoramic view of the industry landscape, helping you navigate challenges, seize opportunities, and stay ahead of the competition.
In summary, our 360° Research Methodology is designed to provide you with a deep understanding of your industry by integrating various research techniques, industry expertise, and data-driven analysis. It ensures that every business decision you make is based on a well-triangulated and comprehensive research experience.
- Tailored advice to Drive your Performance
- Product Planning Strategy
- New Product Stratergy
- Expanded Research Scope
- Comprehensive Research
- Strategic Consulting
- Provocative and pragmatic
- Accelerate Revenue & Growth
- Evaluate the competitive landscape
- Optimize your partner network
- Analyzing industries
- Mapping trends
- Strategizing growth
- Implementing plans
Covered Key Topics
Market Growth Drivers
Leading Market Players
Company Market Share
Market Size and Growth Rate
Market Trend and Technological