Hernia Repair Devices Market Size by Segments, Share, Regulatory, Reimbursement, Procedures and Forecast to 2033
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Hernia Repair Devices Market Report Overview
The hernia repair devices market was valued at $2.16 billion in 2023 and is forecast to grow at a CAGR of more than 2% during 2023 and 2033. A mesh is a surgical implant used to give extra support to the hernia-affected tissues. The meshes are made either from synthetic material or bioengineered from animal tissues. The meshes are segmented into three types based on the materials used to make them.
Hernia Repair Devices Market Outlook 2022-2023 ($ Billion)
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The hernia repair devices market research report explains the market behavior, which will help identify quantitative market trends within the general surgery devices therapeutic area. The model discusses in detail the impact of COVID-19 on the hernia repair devices market for the year 2020 and beyond. The report has extensively covered pipeline products and technologies, which will help in identifying companies with the most robust pipeline. This, in turn, will assist in predictive analysis for designing in-licensing and out-licensing strategies.
Market Size (2023) | $2.16 Billion |
CAGR (2023-2033) | >2% |
Historic Period | 2015-2022 |
Forecast Period | 2023-2033 |
Key Segments |
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Key Regions |
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Key Companies |
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Hernia Repair Devices Market Dynamics
The primary drivers of the hernia repair devices market include the increasing number of surgical procedures performed, especially for inguinal hernias. Laparoscopic hernia repair surgery and open surgery are the two common procedures for hernia repair. In recent years, there has been an upsurge in the demand for laparoscopic surgeries because of less pain and faster recovery times compared to open surgery. These surgeries are performed with the help of fixation devices and consumables (mesh).
Hernia Repair Devices Market Segments
The key segments in the hernia repair devices market are synthetic meshes, biological meshes, composite meshes, and tack/staples. In 2023, the synthetic meshes segment accounted for the highest share of the market. Synthetic mesh is made of synthetic materials such as Polytetrafluoroethylene (PTFE), Polypropylene (PP), or Polyester (PET). These materials have high tensile strength and may be absorbable or non-absorbable depending on the material used.
Hernia Repair Devices Market Analysis by Segments, 2023 (%)
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Hernia Repair Devices Market Segmentation by Regions
The key regions in the Hernia repair devices market are Asia-Pacific, Europe, the Middle East and Africa, North America, and South and Central America. In 2023, North America accounted for the highest share of the market and is likely to retain its position during the forecast period. Undoubtedly, the US was the largest contributor to the regional market. GlobalData expects the market to grow quickly due to the increase in the patient pool with hernia, which in turn reflects the increasing number of surgical procedures performed in healthcare facilities.
Hernia Repair Devices Market Analysis by Regions, 2023 (%)
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Hernia Repair Devices Market – Competitive Landscape
The key companies in the Hernia repair devices market are CR Bard Inc., Medtronic Plc, Ethicon Inc., Allergan Aesthetics, and B. Braun Melsungen AG among others. In 2023, CR Bard Inc. accounted for the highest Hernia repair devices market share and value.
Hernia Repair Devices Market Analysis by Companies, 2023 (%)
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Segments Covered in this Report
Hernia Repair Devices Segment Outlook ($ Billion, 2015-2033)
- Synthetic meshes
- Biological Meshes
- Composite Meshes
- Tack/staples
Hernia Repair Devices Regional Outlook ($ Billion, 2015-2033)
- Asia-Pacific
- Europe
- Middle East and Africa
- North America
- South and Central America
Key Inclusions of the market model are –
Currently marketed Hernia repair devices market and evolving competitive landscape –
- Insightful review of the key industry trends.
- Annualized total Hernia repair devices market revenue by segment and market outlooks from 2015-2033.
- Market-level data on units, average selling prices, and market values.
Global, Regional, and Country level market specific insights –
- Qualitative market-specific information is available with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
- SWOT analysis for the Hernia repair devices market.
- Competitive dynamics insights and trends provided for the Hernia repair devices market.
Drive the understanding of the market by getting the veritable big picture including an overview of the healthcare system. In addition, the Market Access segment allows you to delve deeper into market dynamics with information on reimbursement policies and the regulatory landscape.
- Country-specific overview of the healthcare system.
- Country-specific reimbursement policies.
- Country-specific medtech regulatory landscape.
Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. Demand and supply-side primary sources are integrated within the syndicated models, including Key Opinion Leaders. In addition, real-world data sources are leveraged to determine market trends; these include government procedure databases, hospital purchasing databases, and proprietary online databases.
Companies covered: CR Bard Inc, Medtronic Plc, Ethicon Inc, Allergan Aesthetics, B. Braun Melsungen AG, W. L. Gore & Associates Inc, Cook Medical Inc, SeCQure Surgical Corp, Surgalign Holdings Inc, Cousin Surgery, MTF Biologics, Baxter International Inc, pfm medical ag, Integra LifeSciences Holdings Corp, and Others.
Countries covered: United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, Canada, Mexico, South Korea, Denmark, Ireland, Netherlands, New Zealand, South Africa, Sweden, Switzerland, Austria, Belgium, Finland, Israel, Norway, Poland, Portugal, Taiwan, Czech Republic, Greece, Hungary, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Argentina, and Chile.
Scope
This market model gives important, expert insight you won’t find in any other source. The model illustrates qualitative and quantitative trends within the specified market. This model is required reading for
- CMO executives who must have a deep understanding of the Hernia repair devices marketplace to make strategic planning and investment decisions.
- Sourcing and procurement executives must understand crucial components of the supply base to make decisions about supplier selection and management.
- Private equity investors who need a deeper understanding of the market to identify and value potential investment targets.
Reasons to Buy
The model will enable you to –
- Understand the impact of COVID-19 on Hernia repair devices.
- Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
- Develop business strategies by understanding the trends shaping and driving Hernia repair devices.
- Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the Hernia repair devices market in the future.
- Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company’s share of market leaders.
- Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
- Track device sales in the global and country-specific Hernia repair devices market from 2015-2033.
- Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.
Medtronic Plc
Ethicon Inc
Allergan Aesthetics
B. Braun Melsungen AG
W. L. Gore & Associates Inc
Cook Medical Inc
SeCQure Surgical Corp
Surgalign Holdings Inc
Cousin Surgery
MTF Biologics
Baxter International Inc
pfm medical ag
Integra LifeSciences Holdings Corp
Others
Frequently asked questions
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What was the hernia repair devices market size in 2023?
The hernia repair devices market size was $2.16 billion in 2023.
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Which was the leading segment in the hernia repair devices market in 2023?
The synthetic meshes segment accounted for the highest share of the hernia repair devices market in 2023.
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Which region dominated the hernia repair devices market in 2023?
North America was the largest regional segment for the hernia repair devices market in 2023.
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Which are the key companies operating in the hernia repair devices market?
The key companies in the Hernia repair devices market are CR Bard Inc., Medtronic Plc, Ethicon Inc., Allergan Aesthetics, and B. Braun Melsungen AG among others.
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