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Hernia Repair Devices Market size to exceed $6.6bn by 2028

  • Published Date: March 10, 2022

Hernia Repair Devices Market size is set to exceed USD 6.6 billion by 2028, according to a new research report by Global Market Insights Inc.
 

The rising geriatric population that is increasingly susceptible to chronic conditions including hernias is expected to boost the hernia repair devices industry landscape. Enhancement in the healthcare delivery & emergence of quality services has led to a notable surge in the aging population worldwide. According to the United Nation’s World Aging Population 2019 Report, there were approximately 703 million individuals aged 65 years & above and this number expected to double to 1.5 billion by 2050. Certain clinical research studies state that the incidence of inguinal hernias is incremental among the elderly individuals. For instance, as per the Open Access Surgery Journal, inguinal hernia is amongst the most profound conditions in the elderly owing to loss of strength of abdominal wall and presence of ailments that increase intra-abdominal pressure.
 

Furthermore, the progressive muscular-aponeurotic weakness and high basal intra-abdominal pressure makes the geriatric population increasingly suspectable to hernia. As a result, the demand for hernia repair surgeries is surging due to the substantial rise in geriatric population. This surging demand is expected to drive the adoption of hernia repair devices in hernioplasty that offers remarkable improvement in quality of life among hernia patients.
 

Technological advancements in hernia repair devices will drive the business outlook

Technological developments and innovations in hernia repair devices are anticipated to drive the hernia repair devices market expansion in the coming years. Developments including the articulating fixation devices & self-fixating meshes are innovated to limit certain redundant drawback that occur during laparoscopic processes. Moreover, these devices provide surgeons with an optimal access to weakened muscle spots within the abdominal wall and allow them to precisely place the mesh at the intended surgical site. The reduced drawbacks and increased clinical advantages in these hernia repair devices is set to boost the market demand.
 

The innovations in mesh are further opening novel pathways for hernia repair. For instance, the researchers from University Politehnica of Bucharest stated that hydrogel coatings developed using methacryloyl gelatin and mucin possess higher potential to facilitate polypropylene mesh integration in hernia repairs.
 

Moreover, drug-eluting hernia meshes is another key advent that is currently in developmental stage. This novel mesh elutes anti-microbial drug including sirolimus at the surgical site to limit the infection rate & post-surgical complications. For instance, Ariste Medical, is developing a drug-eluting mesh intended for use in ventral hernia repair surgery. It is estimated that the adoption of this mesh would surge owing to its efficient biological activity and affordability. Such novel advancements are projected to fuel the industry outlook.
 

Rising adoption of surgical glue as mesh fixators and optimal tensile strength offered by fixation devices is expected to spur the market statistics

Based on product, the hernia repair devices market is segmented as hernia mesh and fixation devices. The fixation devices segment accounted for considerable business share in 2021 and is projected to grow at 6.6% CAGR from 2022-2028. This market share is due to the rising adoption of surgical glue as mesh fixator and optimal tensile strength offered by fixation devices. Fixation devices systems are developed for mesh fixation during open or minimally invasive hernia repair surgeries. The articulating laparoscopic tackers enhances accessibility and promote the application of tacks for fixation of weakened tissue site. Further, availability of novel products that minimize the pain during fixation is further set to promote the market statistics. For instance, PROFOUND A absorbable mesh fixation device offered by Meril Life Sciences facilitates pain reduction and lowers the risk of intraperitoneal adhesions. Thus, the above-mentioned factors are expected to boost the adoption of these devices.
 

Browse key industry insights spread across 150 pages with 330 market data tables & 16 figures & charts from the report, Hernia Repair Devices Market Forecasts By Product (Hernia Mesh {Biologic, Synthetic}, Fixation Devices {Tack, Sutures, Glue Applicators}), Procedure (Open Surgery, Laparoscopic Surgery, Robotic Surgery), Hernia Type (Inguinal Hernia, Ventral Hernia {Umbilical Hernia, Incisional Hernia, Epigastric Hernia}, Femoral Hernia), End-use (Hospitals, Ambulatory Surgical Centers, Clinics), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2022 – 2028in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/hernia-repair-devices-market

 

Increasing adoption of robotic surgery in hernia repair procedures in coming years is expected to expand the segmental share

Based on procedure, the hernia repair devices market is segmented as open surgery, laparoscopic surgery, and robotic surgery. The laparoscopic surgery segment is anticipated to surpass USD 2,264 million by 2028. Laparoscopic hernia repair surgery involves the placement of a mesh. As compared to an open hernia repair procedure, the laparoscopic hernia repair has better clinical outcomes with low postoperative pain & wound infections and rapid recovery. Further, the use of laparoscope in the procedure offers better visualization, thereby facilitating precise placements. When compared with robotic surgery, the laparoscopic surgeries deliver almost similar clinical outcomes at a lower cost. Thus, the above-mentioned factors are anticipated to drive the business expansion.
 

The rising prevalence of ventral hernias is anticipated to push the demand for hernia repair devices

Based on hernia type, the hernia repair devices market is segmented as inguinal hernia, ventral hernia, femoral hernia, and others. The ventral hernia segment is expected to reach more than USD 1,232 million by 2028. This market growth is majorly attributed to the rising prevalence of ventral hernias. According to the NCBI article, in 2021, ventral hernias account for approximately 18% of all abdominal wall hernias. Ventral abdominal hernias refer to a non-inguinal, non-hiatal defect in the fascia of the abdominal wall. Owing to the high prevalence of this medical condition, the Regents of the University of California article in 2022, states that there are approximately 400,000 ventral hernia repair surgeries conducted in the U.S. every year. Thus, owing to the high prevalence of ventral hernias and substantial number of hernia repair surgeries, the demand for hernia repair devices is set to grow significantly.
 

The surging patient preference for ASCs is set to drive the industry expansion

Based on end-use, the hernia repair devices market is segmented as hospitals, ambulatory surgical centers, and clinics. The ambulatory surgical centers segment held a substantial market share of over 39% in 2021 and is set to register over 5.9% CAGR from 2022-2028. This notable market growth is owing to the surging patient preference to ambulatory surgical centers (ASCs) for quality care and affordability. Further, ASCs offer cost-effective and high-quality services, thereby delivering optimal procedural outcomes along with affordability.
 

Growing incidence of hernia along geriatric population base in Germany is projected to fuel the business scenario

Germany hernia repair devices market is projected to expand at a CAGR of over 5.8% from 2022-2028. This high growth in the country is attributed to the increasing prevalence of hernia and surging geriatric population base. The rise in the prevalence rates of abdominal hernias in the country has propelled the number of hernia repair surgeries. According to a research article, in 2018, approximately 250,000 inguinal hernias are operated every year in Germany. As per the NCBI article, in 2020, inguinal hernia repair is one of the 20 most conducted surgical procedures in German hospitals. Further, the sizeable geriatric population base is set to drive the regional market statistics.
 

Players are emphasizing on strategic initiatives and innovative product launch to expand business operations

Some of the major players operating in the hernia repair devices market are Medtronic, Ethicon (J&J), Becton Dickenson & Company, B. Braun Melsungen AG, Cook Medical, CooperSurgical (The Cooper Companies), Baxter International, Inc., Integra LifeSciences, W.L. Gore & Associates, AbbVie (Allergan), and DynaMesh (FEG Textiltechnik) among others.
 

These players are engaged in strategic collaborations, partnerships, and agreements to gain competitive advantage over their competitors. For instance, in February 2022, W. L. Gore & Associates (Gore) announced the launch of its GORE SYNECOR Intraperitoneal Biomaterial in Europe, Middle East and South Africa. The hernia mesh device is intended to address the needs in complex hernia repair, offering rapid vascularity, and tensile strength. This product launch will strengthen Gore’s hernia repair devices product portfolio in the Europe, Middle East, and South Africa region.
 

Authors: Sumant Ugalmugle, Rupali Swain