Hernia Repair Market Share, Size, Trends, Industry Analysis Report, By Surgery Type (Laparoscopic Surgery, Open Surgery, Robotic Surgery); By Product; By Clinical Indication; By End User; By Region; Segment Forecast, 2024- 2032
- Published Date:Feb-2024
- Pages: 118
- Format: PDF
- Report ID: PM4571
- Base Year: 2023
- Historical Data: 2019 – 2022
Report Outlook
Global hernia repair market size was valued at USD 3.95 billion in 2023. The market is anticipated to grow from USD 4.09 billion in 2024 to USD 5.63 billion by 2032, exhibiting the CAGR of 4.1% during the forecast period
Hernia Repair Market Overview
Hernia is a medical condition characterized by the weakening of muscles in the inner layer of the abdomen, resulting in the formation of a bulging sack. This condition poses a potential threat as it impacts areas such as the groin, navel, and surgical sites.
There are several types of hernias, including incisional, inguinal, and femoral. However, with appropriate medical intervention and surgical procedures, hernias can be effectively treated. Given the escalating cases of hernia, these hernia repair market trends anticipated to grow the market size.
The anticipated positive impact of the growing use of mesh for therapeutic effectiveness is expected to influence the Hernia Repair market favorably. Additionally, the increasing global prevalence of hernia cases and advancements in technology are foreseen to be contributing factors to the market's growth in the forthcoming years. Several key factors, including the rising incidence of hernia cases, favorable reimbursement policies, and technological advancements in repair devices, are driving hernia repair market expansion.
Product innovations, technological advancements, and the introduction of regulatory policies have been detailed in the report to enable businesses to make more informed decisions. Furthermore, the impact of the COVID-19 pandemic on the hernia repair market demand has been examined in the study. The report is a must-read for anyone looking to develop effective strategies and stay ahead of the curve.
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Improvements in the supply chain and the increased attention from governments worldwide towards healthcare development are poised to yield positive outcomes for the hernia repair market. These hernia repair trends are anticipated to play a role in fostering the growth of the hernia repair market over the projected period. Furthermore, it is foreseeable that the market value will see a concurrent increase, aligning with the rising demand in the years to come.
Recent years have witnessed a significant upswing in technological advancements related to hernia repair equipment. To tackle challenges inherent in laparoscopic procedures, researchers have made substantial strides in innovating technologies, such as self-fixing meshes and articulating fixation devices. These developments are geared towards enhancing the effectiveness and dependability of laparoscopic interventions. Additionally, these devices offer surgeons improved access to sensitive areas within the abdominal wall and streamline the secure placement of the mesh at the targeted anatomical site. Anticipated to enhance the market, these advancements aim to contribute to the overall expansion in the field.
Hernia Repair Market Dynamics
Market Drivers
Innovations driven by the healthcare demands of the elderly population bolster the growth of the Hernia Repair market share.
The elevated morbidity among patients with hernias has prompted med-tech companies in the hernia repair market to increase research and development investments in novel tools and solutions. Faced with the escalating healthcare burden imposed by the aging population, manufacturers are compelled to innovate in areas such as effective biologic materials, endoscopy equipment, and hernia mesh to enhance medical outcomes.
Given the higher prevalence of hernias in individuals aged 55 and above, attributed to increased health risks and natural muscle deterioration, manufacturers are adapting to meet the healthcare demands of this demographic. The forecast period anticipates a positive hernia repair market CAGR, driven by the rising prevalence of hernias associated with the growth of elevated obesity rates, the aging population, and rapid lifestyle changes.
Market Restraints
A rigorous legal approval process is likely to hamper the growth of the market.
The anticipated constraint on market expansion stems from the high costs associated with research and development (R&D) of hernia repair. Prior to releasing a hernia repair device, manufacturers must navigate through a series of clinical and regulatory conditions, prolonging the development and approval phases. This extended timeline compels medical equipment manufacturers to uphold the initial high costs of hernia repair devices. As a result, the elevated product costs create barriers, limiting widespread access to various technical breakthroughs and hindering their adoption among the broader population.
The lengthy and stringent development and approval processes contribute to the maintenance of high costs for hernia repair devices, making them less accessible to a significant portion of the population. This accessibility challenge, in turn, hampers the broader adoption and restricts the potential benefits of numerous technological advancements from reaching a wider audience within the healthcare sector.
Report Segmentation
The market is primarily segmented based on clinical indication, product, surgery type, end user, and region.
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By Product |
By Clinical Indication |
By End User |
By Region |
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Hernia Repair Market Segmental Analysis
By Surgery Type Analysis
- The open surgery segment secured the market's predominant position, holding a substantial revenue share in 2023. This dominance is attributed to advantages like the cost-effectiveness of the overall treatment and a reduced incidence of complications after operation. Open hernia surgery comprises a large abdominal incision, with a surgical mesh placed over the repaired hernia to fortify surrounding tissues. The advantages of open surgery encompass cost-effectiveness, decreased postoperative complications, and hernia recurrence prevention. However, potential complications regarding open-procedure surgery, including organ injury, blood clot formation, and heightened blood loss, may impede the growth of this segment, and hernia repair market growth.
- Laparoscopic surgery is anticipated to exhibit the fastest-growing segment in the hernia repair market. As it is widely embraced as a preferred hernia treatment option. These minimally invasive surgeries are recommended due to various factors, including fewer incisions, shorter hospital stays, a lower risk of infection, and quicker recovery times.
By Clinical Indication Analysis
- Throughout the forecast period, the Inguinal hernia commanded the largest revenue share. This dominance is fueled by factors such as patient preference for hassle-free procedures and the widespread adoption of this treatment. According to the FDA report, over 800,000 inguinal repair procedures are conducted annually in the U.S., peaking around the age of 5 and after the age of 70. Approximately 770,000 cases involve inguinal hernia repairs, with around 90% of all inguinal hernia repairs performed on men. This heightened prevalence of surgical procedures is generating significant demand for hernia repair.
- The incisional hernia segment is poised to exhibit the fastest CAGR during the forecast period, characterized by hernias resulting from prior abdominal wall incisions or incomplete surgical wounds. Following inguinal surgery, incisional surgery ranks as the second most frequently performed. Furthermore, a noteworthy proportion of incisional hernias, specifically 50.0%, manifests within two years post-surgery, contributing to the demand for hernia repairs.
Hernia Repair Market Regional Insights
The North American region dominated the global market with the largest market share in 2023
Considering the widespread usage and substantial demand for hernia repair in the United States, North America has a significant market share in this industry. Specifically, the United States stands out with the highest adaptation of hernia repair, placing notable emphasis on biological mesh device. The substantial demand for this device, despite their elevated costs, has played a pivotal role in driving considerable revenue growth for businesses based in the U.S. Moreover, North America, being home to major industrial companies, benefits from easy access to cutting-edge hernia repair technologies. The expansion of the market in this region is propelled by factors such as sedentary lifestyles, a notable prevalence of hernia recurrence, and an aging population. Additionally, growth is influenced by rising healthcare costs and the expedited approvals from the FDA.
Moreover, the Asia-Pacific region is expected to experience the most rapid market growth during the analyzed period. Key drivers in this region include the expanding population of the older generation and continuous technological advancements. Additionally, the Hernia Repair Market's growth is fueled by the increasing efforts of key players in countries like India, South Korea, and China, among others.
Competitive Landscape
The Hernia Repair market is fragmented and is anticipated to witness competition due to several players' presence. Major service providers in the market are constantly upgrading their technologies to stay ahead of the competition and to ensure efficiency, integrity, and safety. These players focus on partnership, product upgrades, and collaboration to gain a competitive edge over their peers and capture a significant market share.
Some of the major players operating in the global market include:
- AbbVie Inc.
- B. Braun SE
- Baxter International Inc.
- Becton Dickinson and Company
- Cook Group Inc
- Ethicon Inc.
- Integra Lifesciences Holdings Corporation
- Medtronic plc
- W. L. Gore & Associates
Recent Developments
- In May 2023, TISSIUM, a privately held medical technology company, secured USD 53.45 million in its Series D funding round from new and existing international investors, as announced in May 2023. This funding will enable TISSIUM to advance the commercialization of its initial products, focusing on nerve and hernia repair. Additionally, the funds will support the expansion of its product pipeline and platform. Concurrently with this fundraising round, TISSIUM is conducting its first-in-human trial for COAPTIUM Connect, its inaugural nerve repair product, in Australia. Various regulatory processes are also in progress, aligning with the objectives of this recent funding initiative.
- In February 2023, Getinge's collaboration in India represents a pioneering effort to integrate Artificial Intelligence (AI) into Intensive Care Units (ICUs). This strategic partnership signifies the advancement of AI technology within healthcare, particularly in critical care settings, aiming to enhance patient outcomes and optimize medical decision-making.
- In March 2022, B. Braun completed the acquisition of Intermedt Medizin & Technik GmbH, a company specializing in the preparation of dialysis concentrates.
Report Coverage
The Hernia Repair market report emphasizes key regions across the globe to provide a better understanding of the product to the users. Also, the report provides market insights into recent developments and trends and analyzes the technologies that are gaining traction around the globe. Furthermore, the report covers an in-depth qualitative analysis pertaining to various paradigm shifts associated with the transformation of these solutions.
The report provides a detailed analysis of the market while focusing on various key aspects such as competitive analysis, clinical indication, product, surgery type, end user, and futuristic growth opportunities.
Hernia Repair Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 4.09 billion |
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Revenue forecast in 2032 |
USD 5.63 billion |
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CAGR |
4.1% from 2024 – 2032 |
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Base year |
2023 |
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Historical data |
2019 – 2022 |
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Forecast period |
2024 – 2032 |
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Quantitative units |
Revenue in USD billion and CAGR from 2024 to 2032 |
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Segments covered |
By Clinical Indication, By Product, By Surgery Type, By End User, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
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Customization |
Report customization as per your requirements with respect to countries, regions, and segmentation. |
We strive to offer our clients the finest in market research with the most reliable and accurate research findings. We use industry-standard methodologies to offer a comprehensive and authentic analysis of the hernia repair market. Besides, we have stringent data-quality checks in place to enable data-driven decision-making for you.
FAQ's
The global Hernia Repair market size is expected to reach USD 5.63 billion by 2032
Key players in the market are AbbVie Inc., B. Braun SE, Baxter International Inc., Becton Dickinson and Company
North America contribute notably towards the global Hernia Repair Market
Global hernia repair market exhibiting the CAGR of 4.1% during the forecast period
The Hernia Repair Market report covering key segments are clinical indication, product, surgery type, end user, and region.
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