Hernia Repair Devices Market Size, Share, and COVID-19 Impact Analysis, By Product (Fixation Equipment, Polymeric & Prosthetics Mesh, Surgical Implants, Biologic Materials Mesh), By Type (Inguinal, Femoral, Incisional, Umbilical, Others), By End User (Hospitals, Ambulatory Surgical Centers, Clinic, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Analysis and Forecast 2022-2030

KEY MARKET INSIGHTS 

The Global Hernia Repair Devices Market is projected to grow from USD 6.85 billion in 2021 to USD 11.47 billion by 2030 at a CAGR of 7.5% during the forecast period.

Rising obesity rates, an ageing population, technical breakthroughs in minimally invasive hernia treatment techniques, increased prevalence of hernia, and demand for preventive medical care are some of the primary drivers propelling the worldwide hernia repair devices market forward. According to a clinical review released by the National Center for Biotechnology Information (NCBI) in 2008, surgical treatments for the treatment of hernias were used at a rate of 10 per 100,000 of the population in the United Kingdom and 28 per 100,000 of the population in the United States. Inguinal hernias were the most common type of abdominal wall hernia, accounting for nearly 75% of all abdominal wall hernias, according to the clinical review. Combined with other factors, these developments are projected to propel the worldwide hernia repair devices market forward throughout the forecast period. 

COVID-19 ANALYSIS          

Due to the abrupt imposition of stringent lockdowns across the globe during the pandemic, COVID-19 is projected to have a detrimental influence on industry growth. Furthermore, the industry was advised to concentrate solely on emergency and urgent appointments. Due to these circumstances, many patients' visits were cut short, and hernia surgery was postponed. For example, according to the article 'Elective hernia surgery cancellation due to COVID-19 pandemic' published in 2020, the lowest caseload was recorded in April 2020, when the number of hernia repairs was almost 25% of those performed from February to June 2019. As a result, the COVID-19 outbreak slowed the market's expansion.

LATEST TREND   

High Prevalence of Hernia Expecting Boost Market  

Hernias are becoming more common, which is expected to boost business growth. According to the Electronic Physician Journal, the prevalence of abdominal hernias was at 11.7 percent in 2017, with Para-umbilical hernia, inguinal hernia, and umbilical hernia being the most common. The high prevalence of hernias is expected to fuel demand for hernia repair operations, which would boost market growth. Hernia mesh devices are used in hernia repair surgeries to help and support the afflicted tissue's development. As a result, the rise in hernia incidence and prevalence is expected to increase the number of hernia repair surgeries and the adoption of hernia repair devices. According to a 2020 article published by the Royal College of Surgeons of England, over 100,000 hernia repairs are performed in England each year. As a result, the increase in the incidence and prevalence of hernias is expected to hasten the adoption of hernia repair devices.

DRIVING FACTORS

Growing Awareness for Availability of Different Hernia Repair Devices Drive Market Growth 

The growing aging population, which is more vulnerable to such illnesses, is also boosting the market growth. Increasing awareness of hernia treatment options, such as minimally invasive (MI) hernia repair devices, is also contributing to market expansion. Various product breakthroughs, such as the creation of biologic allograft mesh with enhanced efficiency, also contribute to the industry's expansion. Unlike the more often used synthetic mesh, biological mesh helps reduce post-surgery pain and has a speedier recovery time. Other reasons, such as the expanding use of robotics in surgical procedures and the global improvement of healthcare infrastructure, are expected to propel the market even further.

RESTRAINTS   

Some of the factors hindering the growth of the global hernia repair devices market during the forecast period are insufficient reimbursement policies for hernia repair devices in emerging nations and minimal awareness of hernia diagnostic devices in developing countries.      

SEGMENTATION     

The Global Hernia Repair Devices Market is segmented by Product, Type, End-user, and Region. Based on the Product, the market is categorized into Fixation Equipment, Polymeric & Prosthetics Mesh, Surgical Implants, and Biologic Materials Mesh. Based on Type, the market is categorized into Inguinal, Femoral, Incisional, Umbilical, Others Based on End-user, the market is categorized into Hospitals, Ambulatory Surgical Centers, Clinic, Others. Based on the Region, the market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.           

REGIONAL INSIGHTS   

The Global Hernia Repair Devices Market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.         

North America is the largest market for hernia repair devices due to the expanding number of health care facilities and an increasing incidence rate of hernia disease cases. Inguinal hernia repair is a common procedure in the United States, according to the article "Inguinal hernia" published in 2021. In this region, an estimated 800,000 inguinal hernias are performed each year. According to Raquel Maia et al., published in Annals of Laparoscopic and Endoscopic Surgery 2019, 350,000 abdominal wall hernia repairs are performed annually in the United States alone.   

Europe is predicted to hold the second-largest share of the hernia repair devices due to increased health care investment by manufacturers and significant R&D spending by firms for the development of these devices is expected to gain the majority of market share over the projection period. Furthermore, the rising prevalence of hernias drives the market for hernia repair devices and consumables in the region.

Asia Pacific is expected to have the fastest revenue growth due to the medical tourism is on the rise, as are affordable treatments, technology breakthroughs, and increased healthcare reimbursements. Furthermore, due to the large patient pool, demand for hernia repair devices is expanding in Asian countries, particularly in the China and Japan. The region is predicted to grow rapidly due to a huge number of misdiagnosed and untreated cases, which will help to fuel the market's expansion.    

KEY INDUSTRY PLAYERS   

The majority of hernia repair devices are produced by global major manufacturers. Industry leaders have built their position in the market by investing more in research and having a better distribution system. Some of the market leaders are B. Braun Melsungen AG, BD, Cook Group Incorporated, CooperSurgical Inc., Medical Device Business Services, Inc., Insight Medical Systems, Inc., Medtronic, Olympus Corporation, and W. L. Gore & Associates, Inc.

KEY INDUSTRY DEVELOPMENTS:       

In 2017, C. R. Bard was acquired by BD; BD joined the hernia repair business with this acquisition. C. R. Bard expects the acquisition to assist it expand its geographic reach in terms of sales and operations while also maintaining its market position.

In June 2017, SYNECOR Preperitoneal Biomaterial was introduced by W. L. Gore GORE. The company was able to expand its product offerings in the hernia sector thanks to the newly introduced device.

In 2016, B. Braun Medical Zambia Limited, a new subsidiary in Zambia, was established to help the company build a solid footing in Southern Africa.

LIST OF KEY COMPANIES PROFILED:

• B. Braun Melsungen AG
• BD
• Cook Group Incorporated
• CooperSurgical Inc.
• Medical Device Business Services, Inc.
• Insight Medical Systems, Inc.
• Medtronic
• Olympus Corporation
• W. L. Gore & Associates, Inc.

SEGMENTATION

By Product

• Fixation Equipment
• Polymeric & Prosthetics Mesh
• Surgical Implants
• Biologic Materials Mesh

By Type

• Inguinal
• Femoral
• Incisional
• Umbilical
• Others

By End-user

• Hospitals
• Ambulatory Surgical Centers
• Clinic
• Others

By Region

• North America- U.S., Mexico, Canada
• Europe- UK, France, Germany, Italy, Spain, Rest of Europe
• Asia-Pacific- China, Japan, India, South Korea, Rest of Asia Pacific
• South America- Brazil, Argentina, Colombia, Rest of South America 
• The Middle East and Africa- GCC, South Africa, Rest of Middle East & Africa