The hernia repair devices market share is expected to increase by USD 1.99 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 6.96%.
This hernia repair devices market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers hernia repair devices market segmentation by product (hernia repair mesh products and hernia repair fixation devices) and geography (North America, Europe, APAC, and ROW). The hernia repair devices market report also offers information on several market vendors, including Atrium Medical Corp., B. Braun Melsungen AG, Becton Dickinson and Co., Cook Group Inc., Cousin-Biotech, Herniamesh srl, Johnson and Johnson Inc., Medtronic Plc, pfm medical ag, and W. L. Gore and Associates Inc. among others.
What will the Hernia Repair Devices Market Size be During the Forecast Period?
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Hernia Repair Devices Market: Key Drivers, Trends, and Challenges
Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The wide acceptance of tension-free repair procedures is notably driving the hernia repair devices market growth, although factors such as complications and risks associated with hernia repair devices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the hernia repair devices industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Hernia Repair Devices Market Driver
The wide acceptance of tension-free repair procedures is one of the drivers of the hernia repair devices market growth. Lichtenstein hernioplasty is considered to be the gold-standard tension-free repair procedure, which is widely practiced by surgeons. This procedure involves the use of a piece of mesh to bridge the hernia and decrease the tension on the weakened abdominal wall. Low recurrence rate, minimum post-operative problems, reduced periods of hospitalization, rapid healing, and short recovery time are the advantages of these techniques. Tension-free repair procedures involve the usage of advanced lightweight mesh. These lightweight mesh products are always preferred over heavy-weight mesh products as the latter triggers an inflammatory response resulting in mesh shrinkage. Like the Lichtenstein technique, laparoscopy is a tension-free MI hernia repair technique that is increasingly gaining popularity among surgeons. Though at present, the penetration rate for this technique is relatively low compared with the Lichtenstein technique, it has the potential to become a gold standard technique replacing the former in the coming years. Laparoscopy has already evolved into one of the gold-standard methods for general, urology, and bariatric surgeries. Thus, wide acceptance of the Lichtenstein technique and an increase in the adoption of laparoscopy will have a positive impact on the market growth during the forecast period.
Key Hernia Repair Devices Market Trend
Technological advances are one of the drivers of the hernia repair devices market growth. Continuous improvements/upgrades in technologies will lead to the commercialization of innovative hernia repair devices, thereby contributing to the growth of the market. Owing to this, vendors are focusing on R&D activities to offer advanced hernia repair devices to end-users. Of late, the market has witnessed an increase in demand for safe and efficacious products like composite mesh with advanced technology. Vendors have developed self-fixating mesh products and articulating fixation devices to minimize risks and complications associated with surgical procedures. These advanced fixation devices help surgeons to access weak spots within the abdomen easily and securely tack a mesh onto the affected place.
Key Hernia Repair Devices Market Challenge
Complications and risks associated with hernia repair devices are one of the major challenges to the hernia repair devices market growth. The migration or contracting of a mesh after implantation for ventral or abdominal hernia repairs can cause hernia recurrence. Inguinal hernias have a recurrence rate of 1.2%-7%. The recurrence of ventral hernias is 23.8% after the initial repair procedure. High mesh contraction can pull out the staples holding the mesh in place, leaving behind holes in the fascia and causing debilitating pain that may last for several years. Also, post-operative infections in patients are another major complication associated with hernia repair; if left untreated may become serious and may even lead to death. In patients with diabetes and people with low immunity, mesh-related infections are high. Antibiotic-resistant bacteria tend to develop on the hernia mesh biofilms causing pneumonia and other bacterial infections, which become difficult to treat. So, the patients need to be administered high doses of antibiotics for long periods (months or even years). Migration of mesh into other organs causes complications such as bowel perforation, colostomy, and sometimes even death.
This hernia repair devices market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Parent Market Analysis
Technavio categorizes the global hernia repair devices market as part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the hernia repair devices market during the forecast period.
Who are the Major Hernia Repair Devices Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Atrium Medical Corp.
- B. Braun Melsungen AG
- Becton Dickinson and Co.
- Cook Group Inc.
- Cousin-Biotech
- Herniamesh srl
- Johnson and Johnson Inc.
- Medtronic Plc
- pfm medical ag
- W. L. Gore and Associates Inc.
This statistical study of the hernia repair devices market encompasses successful business strategies deployed by the key vendors. The hernia repair devices market is fragmented and the vendors are deploying growth strategies such as investing in R&D to expand their product portfolios to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The hernia repair devices market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Hernia Repair Devices Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the hernia repair devices market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the healthcare equipment market includes the following core components:
- Inputs
- Inbound logistics
- Operations
- Outbound logistics
- Marketing and sales
- Service
- Support activities
- Innovation
The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
Which are the Key Regions for Hernia Repair Devices Market?
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37% of the market’s growth will originate from North America during the forecast period. US, Germany, China, Japan, and France are the key markets for the hernia repair devices market in North America. Market growth in this region will be faster than the growth of the market in regions.
Factors such as the rising prevalence of orthopedic conditions and product launches will facilitate the hernia repair devices market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, with COVID-19 still prevailing, the governments of several countries in the region imposed nationwide lockdowns, which limited the movement of people. For instance, in March 2020, the US President declared a national emergency to contain the spread of COVID-19. Furthermore, all non-urgent medical services were postponed, allowing only the emergency services to be operational amid the lockdowns. The evolving nature of the COVID-19 pandemic and its high infectivity rate among health workers led to the adoption of crucial measures to reduce the risk of infection. Such factors impacted the growth of the market in the region in 2020. With the pandemic still going on, it will result in slow growth of the market during the forecast period.
What are the Revenue-generating Product Segments in the Hernia Repair Devices Market?
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The cementless total knee arthroplasty (TKA) market share growth by the fixed-bearing segment will be significant during the forecast period. The fixed-bearing TKA implant design is widely used by generic knee implant vendors, which manufacture implants for price-sensitive consumers in developing countries. The demand for fixed-bearing TKA implants will drive the growth of the cementless total knee arthroplasty (TKA) market in the coming years.
This report provides an accurate prediction of the contribution of all the segments to the growth of the hernia repair devices market size and actionable market insights on post COVID-19 impact on each segment.
You may be interested in the regional reports:
US Hernia Repair Devices market - The market share will grow at a CAGR of 7.08% percent over the period 2015-2019.
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Hernia Repair Devices Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.96% |
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Market growth 2021-2025 |
$ 1.99 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
6.07 |
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Regional analysis |
North America, Europe, APAC, and ROW |
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Performing market contribution |
North America at 37% |
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Key consumer countries |
US, Germany, China, Japan, and France |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Atrium Medical Corp., B. Braun Melsungen AG, Becton Dickinson and Co., Cook Group Inc., Cousin-Biotech, Herniamesh srl, Johnson and Johnson Inc., Medtronic Plc, pfm medical ag, and W. L. Gore and Associates Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Hernia Repair Devices Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive hernia repair devices market growth during the next five years
- Precise estimation of the hernia repair devices market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the hernia repair devices market industry across North America, Europe, APAC, and ROW
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of hernia repair devices market vendors
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