Hernia Repair Market by Type (Femoral, Umbilical, Incisional, Inguinal, Others), Surgery Type (Laparoscopic Surgery, Open Surgery), Products (Surgical Implants, Fixation Equipment, Biological Material Mesh, Prosthetic/Polymeric Mesh, Others), and End User (Hospitals, Ambulatory Surgical Centers) – Global Outlook & Forecast 2022-2030
According to the deep-dive market assessment study conducted by Growth+ Reports, the global hernia repair market was pegged at ~ US$ 4.65 billion in 2021. The market is expected to witness a CAGR of ~5.2% from 2022 to 2030.
Hernia is a medical condition where the organ leaves its original position by tearing the weakened muscle/tissue and bloating out. In a few cases, a hernia can lead to life-threatening complications. The growth of the hernia repair market can be owed to the rising prevalence of inguinal hernias and femoral hernias, mesh repair methods along with promising output. Furthermore, favorable reimbursement policies and technological advancements in this segment help in boosting the overall value of the global hernia repair market.
The rising prevalence of hernia and especially inguinal hernia is an impactful factor in the growth of the hernia repair market. This growth is attributed to the growing geriatric population, hereditary implications, and chronic cough. According to the National Library of Medicine (U.S.), more than 800,000 repairs were performed annually in 2021, and inguinal accounts for nearly 75% of all abdomen hernias. This indicates the high share and the resulting incumbent position of inguinal hernia repaid in the global market.
Technological advancements definitely ignited the growth of the hernia repair market. Growing knowledge and evolving treatment procedures are some factors driving the growth of the market. Recent innovations in the devices such as articulating mess devices and self-fixation mesh fuels have also sparked renewed market growth. Additionally, the promotion of minimally invasive surgical techniques and growing awareness of such treatment techniques pushes the hernia repair market growth.
Favorable reimbursement policies for the treatment of hernia are a beneficial factor for this market. The coverage offers various compensation facilities such as diagnostic tests, coverage for illness for other members of the family, pre- and post-hospitalization costs, cashless claims and also medications. These are a few advantages of reimbursement facilities that make the treatment affordable and convenient for the patient. Such favorable reimbursement systems facility helps in promoting greater uptake of hernia repair procedures globally.
However, the major challenges in this market include high cost of advanced medical devices such as mesh and anesthesia for laparoscopic surgery, complications & risk of infections, and lack of awareness and affordability of minimally invasive surgery in developing counties. The mesh helps to sustain the position of the internal organs. Different materials are used in the production of the mesh such as prosthetic/polymeric (synthetic) and biological material. The biological material mesh is expensive as this product provides a wide range of benefits such as flexibility, low chances of body rejection, and many more. However, the cost is the biggest factor in this segment as economically low people cannot avail this facility which leads patients to find alternatives. The presence of alternative products against the expensive technologically enhanced solutions for hernia repair treatment can be a big threat to this market and can lead to the downfall of this market globally.
Asia Pacific is estimated to be the fastest-growing region in the global market. The growth of the region is mainly attributed to the development in the healthcare infrastructure, the growing prevalence of hernia, and the rapid adoption of technological advancements. Moreover, the growing elderly population in Asian countries (such as Japan, South Korea, etc.) plays a key role in the growth of the market. Additionally, growing disposable incomes, rising awareness among patients regarding new and advanced robotic surgical procedures, evolving reimbursements, etc. further fuels the market growth. The Europe market also holds a large chunk of the revenue share. Thus, the growth of Asia Pacific hernia repair market can be attributed to the widening approach toward new and innovative technologies and treatments, along with rapid development of the healthcare infrastructure.
Some of the prominent players operating in the global hernia repair market are Becton, Dickinson and Company (C.R. Bard, Inc.), Allergan Plc., Cook Medical, Inc., W.L Gore & Associates, Inc., Medtronic Plc., Baxter International Inc., Cooper Companies, Inc., B. Braun Melsungen AG, Herniamesh S.r.l., LifeCell Corporation, DynaMesh, Baxter International Inc., Integra LifeSciences, and Ethicon (Johnson & Johnson) among others.