Hernia Repair Devices Market size to exceed $7.4bn by 2030

Hernia Repair Devices Market size is anticipated to reach USD 7.4 billion by 2030, according to a new research report by Global Market Insights Inc.
 

The report identifies the growing adoption of robotic hernia surgical techniques as a notable growth driver of the market. Robotic surgery has gained significant popularity as a potential alternative to conventional hernia repairs due to a multitude of factors, including better precision, improved ergonomics, and limited disease recurrence. These surgical techniques involve lesser post-surgical complications and pain while enabling access to sophisticated instruments and HD visualization that helps refine and enhance the hernia repair procedure.
 

Increasing hernia repair procedures to bolster the demand for fixation devices

The report cites fixation devices to emerge as a prominent hernia repair product. Fixation hernia repair devices market size is anticipated to grow at a CAGR of 6.5% during the forecast period. This is due to rising number of hernia repair procedures involving the utilization of fixation devices due to their enhanced accessibility. The integration of these devices in hernia repair surgeries can reinforce mesh fixation while promoting the use of tacks for fixing the weak tissue region, offering a competitive edge over its counterparts.
 

Lesser postoperative complications to foster laparoscopic surgery adoption

With respect to the repair procedure, laparoscopic hernia repair surgeries may gain considerable popularity. These surgical procedures offer a spectrum of benefits, including lower postoperative complications and pain, rapid recovery, and fewer wound infections and injuries, significantly increasing their adoption during the projection timeframe. The segment held over 33% of the market share in 2021 and could surpass USD 2,550 million by 2030, owing to the surging incidences of hernia and an increasing number of people opting for laparoscopic surgical interventions.
 

Browse key industry insights spread across 243 pages with 371 market data tables & 18 figures & charts from the report, “Hernia Repair Devices Market Analysis 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, Growth Potential, Competitive Market Share & Forecast, 2022 - 2030” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/hernia-repair-devices-market
 

Ventral hernia repair devices to gain momentum

The ventral hernia repair devices market was valued at over USD 787 million in 2021 and is estimated to expand at a CAGR of about 6.1% during the assessment period. The report anticipates the increasing prevalence of ventral hernia to bolster the segment expansion.  The rapid upsurge in disease prevalence and the subsequently rising demand for surgical procedures is a critical factor strengthening the market outlook.
 

Availability of enhanced services to fuel the growth of ambulatory surgical centers

Ambulatory surgical centers accounted for over 39% of the industry share in 2021. These establishments are expected to evolve as prominent end-users for hernia repair devices. The segment may expand at a CAGR of 5.8% between 2022 and 2030. ASCs have become a preferred alternative among patients for hernial repair procedures owing to the availability of optimal care and high-quality services at affordable prices that ensure the best possible surgical outcomes.
 

Increasing aging populace to augment the Asia Pacific industry growth

The Asia Pacific hernia repair devices market is expected to register significant progression driven by the increasing prevalence of hernia and associated surgical procedures. The regional industry was valued at over USD 837 million and may exhibit a CAGR of 8.3% in the coming years attributed to the growing utilization of high-quality advanced surgical meshes in hernia repair surgeries. In addition, the expanding geriatric population base across major economies such as China could propel the industry growth trends.
 

Strategic alliances to lead the competitive landscape

Leading players profiled in the hernia repair devices market report include Becton Dickenson & Company, Medtronic, Ethicon (J&J), B. Braun Melsungen AG, CooperSurgical (The Cooper Companies), Cook Medical, Baxter International, Inc., W.L. Gore & Associates, Integra LifeSciences, AbbVie, FEG Textiltechnik, TELA Bio, Primequal, and Meril Life Sciences, among others. These companies have been focusing on strengthening their presence in the market by indulging in several strategic associations and new product development.
 

For instance, in July 2021, Becton, Dickinson, and Company announced the acquisition of a leading manufacturer and developer of proprietary resorbable polymer technology, Tepha, Inc. The acquisition can help BD strengthen its hernia mesh offerings while expanding its reach through new horizons within hernia repair by utilizing Tepha's Poly 4-hydroxybutyric acid, P4HB technology.