Hernia Repair Devices Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Japan, China, India, Brazil, Mexico, South Africa), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025
Report ID: GMI2730
Hernia Repair Devices Market size is projected to experience significant growth from 2018 to 2024.
Growing prevalence of hernia in adult men throughout the globe will be a prime factor driving market growth over the forecast period. Rise in risk factors further stimulate incidence of hernia in men as well as women. According to IOSR Journal of Dental and Medical Sciences (IOSR-JDMS), risk of hernia in males is about 27% and 3% in women over the lifespan. Risk factors causing hernia in males are mostly muscle weakness, intra-abdominal pressure, smoking and physical stress, while pregnancy and obesity form the major risk factors affecting female population. Emergence of various forms of hernia coupled with increased risk factors in men will foster hernia repair market growth over the forecast timeframe.
Availability of reimbursements for hernia repair surgeries will act as high impacting factor for expanding business revenue share. Centers for Medicare and Medicaid Services provide Current Procedural Terminology (CPT) codes for different forms of hernia repair surgeries depending on hernia type and medical facility. These reimbursements for various hernia repair procedures will cater rapid adoption of hernia repair devices, thereby augmenting business growth.
New advancements in hernia repair devices will offer lucrative market growth in upcoming years. Minimally invasive surgeries such as robotic and laparoscopic surgeries are gaining importance due to advantages offered including enhanced visibility, control and flexibility. Moreover, emergence of micro-grip adherence technology that reduces recurrence of hernia will also considerably support increase of market share over the projected timeframe.
However, high surgery costs along with dearth of skilled professionals can hamper hernia repair devices industry growth. Furthermore, inconsistent reimbursement policies globally can negatively impact market growth in upcoming years
Mesh product segment will be the largest revenue generating segment owing to technological advancements in hernia meshes resulting to better surgical outcomes. Hernia repair using mesh is the gold standard treatment for hernia. In addition, availability of advanced meshes including self-fixating mesh, large-pore mesh as well as drug-eluting mesh that is in developmental phase will impel segmental share in forthcoming years.
Inguinal surgery type segment will dominate due to greater prevalence of inguinal hernia in males and females worldwide. Reappearance of inguinal hernia after repair with recurrence rate of 3-8% will increase number of inguinal repair surgeries. Moreover, increased risk factors such as obesity, aging and stress leading to inguinal hernia will further boost segmental growth in recent years.
U.S. hernia repair devices market will show a lucrative growth owing rising number of cases of hernia throughout country. According to US FDA, around one million hernia repair procedures are carried out in the country. Technological advancements in surgical procedures and surgical products used along with high recurrence rates of hernia will further impact market growth during forthcoming period.
The major players of global hernia repair devices market include Lifecell Maquet Holding, B. Braun Melsungen, Cook Medical, Cousin Biotech, Aspide Medical, Covidien, Ethicon, Feg Textiltechnik MBH, Integra Lifesciences, Herniamesh, C.R. Bard, Transeasy Medical Tech, Dipromed, Via Surgical and W. L. Gore & Associates. These firms use strategies such as product launches, partnerships and collaborative research for maintaining their market position. For instance, in October 2014, Cook Medical launched Zenapro in U.S. and Europe, that has properties such as large-pore size as well as provides benefits of a biologic graft. This launch will help the company cater greater market share and gain substantial geographic revenue share.
Hernia repair devices market by product, 2013-2024 (USD Million)
- Synthetic Mesh
- Biologic Mesh
- Mesh Fixators
- Tack Applicators
- Glue Applicators
Hernia repair devices market by surgery type, 2013-2024 (USD Million)
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Aspide Medical
- B. Braun Melsungen
- Cook Medical
- Cousin Biotech
- C.R. Bard
- Feg Textiltechnik MBH
- Integra Lifesciences
- Maquet Holding
- Transeasy Medical Tech
- Via Surgical
- W. L. Gore & Associates
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