Hernia Repair Devices Market: Introduction
According to the report, the global hernia repair devices market was valued at US$ 5.58 Bn in 2020 and is projected to expand at a CAGR of 6.9% from 2021 to 2028. Hernia mesh, also known as surgical mesh, is a medical device that helps in the healing of damaged tissue around hernias. Surgeons apply the mesh to the area around the hernia, securing it with stitches, staples, or glue. The mesh's pores allow tissue to grow into the device.
Rise in prevalence of hernia can be attributed to increase in geriatric population, high obesity, and rapidly changing lifestyle habits. The population aged above 55 is more susceptible to develop hernia, owing to natural weakening of muscles and high risk of acquiring health disorders. This is expected to drive the global hernia repair devices market during the forecast period.
Rise in Burden of Complex and Chronic Diseases Globally to Augment Market
Increase in the geriatric population, new product development, and effective reimbursement systems in developed countries are primary drivers for the hernia repair devices market during the forecast period.
Technological advancements in hernia repair devices have rapidly accelerated in the past few years. Advancements such as articulating fixation devices as well as self-fixating (gripping) meshes are developed to overcome problems occurring during laparoscopic processes. Additionally, such devices offer surgeons with better access to weak spots within the abdominal wall and enable them to securely place the mesh at the desired body site, which is likely to boost market growth.
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Polymer & Prosthetic Mesh to be Highly Lucrative Segment
According to an article by Sanders DL et al, 20 million prosthetic meshes are implanted globally each year. It is evident that mesh evolution is not finished, and the optimum mesh has yet to be discovered. Prosthetics for hernia repair are available in various styles. Hernia mesh products are widely used for surgically repair or reconstruction of anatomical abnormalities.
Mesh materials are thought to be used in more than 80% of hernia repairs in the U.S. Surgical mesh strengthens the weaker area and allows for tension-free healing, enabling fibro collagenous tissue to be incorporated more easily.
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North America to Dominate Global Market
In terms of region, the global hernia repair devices market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to be a highly lucrative market for hernia repair devices during the forecast period. The region's dominance of the global market can be attributed to high demand for and adoption of hernia repair devices in the region. Hernia mesh device adoption, particularly biologic mesh device adoption, is the highest in the U.S.
The market in Asia Pacific is expected to grow at a rapid pace during the forecast period. Rise in medical tourism and low-cost treatments, technology breakthroughs, and increase in healthcare reimbursements drive the market in the region. Moreover, the demand for hernia repair devices is increasing in countries of Asia, such as Japan and China, due to a large patient pool. The region is likely to grow at a rapid pace due to a large number of misdiagnosed and untreated cases.
Competition Landscape
The global hernia repair devices market is fragmented in terms of number of players. Key players in the global market are Covidien plc, Ethicon, B. Braun Melsungen AG, C. R. Bard, W. L. Gore & Associates, LifeCell Corporation, Maquet, Cook Medical, Integra Lifesciences, DIPROMED, FEG Textiltechnik mbH, Cousin Biotech, Herniamesh, and Stryker Corporation, among others.
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Global Hernia Repair Devices Market: Segmentation
Hernia Repair Devices Market, by Product & Equipment
- Polymer & Prosthetic Mesh
- Biologic Materials
- Surgical Instruments
- Endoscopy Equipment
Hernia Repair Devices Market, by Procedure
- Open Tension Repair
- Tension Free Repair
Hernia Repair Devices Market, by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
About Healthcare Industry at Transparency Market Research
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