The global hernia prevalence rate is very high, which has caused a sharp increase in market growth. Since a significant portion of patients with hernias require surgical intervention, there is a growing need for hernia repair treatments and supplies. Hernias are defined as the protrusion of an organ via weak abdominal muscles.
The industry offers a wide range of surgical methods and advancements in hernia repair. This variety of techniques affects market dynamics, impacting surgeon preferences and patient outcomes. It includes open surgeries, surgical treatments, and surgeries aided by robots.
Mesh products are necessary to fix hernias because they make the weak abdominal wall stronger. Having different mesh materials, like organic and manmade meshes, available affects the choices of hernia repair procedures, which in turn changes how the market works.
More and more people are buying hernia repair ways that require little to no surgery. Laparoscopic and robotic methods are changing the path of surgery and the way the market works. They offer benefits like shorter healing times and less pain after surgery.
Long-term results and preventing hernia recurrence are important variables in the industry. The ability of hernia repair products to guarantee long-lasting repairs and lower the incidence of recurrence affects surgeon and patient decisions, which in turn affects market trends.
The market is shifting in the direction of patient-centric strategies. Prioritising patient comfort, a speedier recovery, and fewer problems after surgery improves market competitiveness and has an impact on treatment choices.
Healthcare reimbursement policies have an impact on market dynamics. The availability and amount of reimbursement for hernia repair procedures influence the adoption rates of specific techniques and items, shaping market accessibility and growth. Outpatient and ambulatory hernia repair procedures are gaining popularity in the market. The shift from traditional inpatient procedures to same-day treatments has an impact on healthcare facility choices and market accessibility.
The evolution of global healthcare infrastructure has an impact on market dynamics. Efforts to increase surgical capabilities in emerging markets help to drive market expansion by expanding access to hernia repair procedures. Innovative suture techniques and bioabsorbable materials, for example, have an impact on market trends and surgeon preferences in hernia repair.
The Hernia Repair Market Size was valued at USD 4.95 Billion in 2023. The Global Hernia Repair industry is projected to grow from USD 5.22 Billion in 2024 to USD 9.23 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.56% during the forecast period (2024 - 2032). A hernia is a disease that occurs when the muscles of the inner layer of the abdomen get weak. It further bulges and forms a sack. This condition can be harmful as it affects the groin, navel, and surgery site. There are various types of hernias that can happen. Some common hernias are femoral, incisional, and inguinal. However, with proper medication and surgical process, it is possible to treat a hernia. As the cases of hernia are growing rapidly, the market growth will improve accordingly. However, the Asia-Pacific region is projected to have the fastest market growth in the upcoming years. Also, the US in North America is estimated to hold the largest market for Hernia Repair.
The growing utilization of mesh in the context of therapeutic efficacy is anticipated to have a favorable impact on the market. In addition, the increasing prevalence of hernia among global populations and advancements in technology are expected to contribute to the growth of the Hernia Repair market in the coming years. Several significant reasons contribute to the growth of the market, including the rising prevalence of hernia cases, advantageous reimbursement policies, and improvements in technology pertaining to repair devices.
The enhancement of the supply chain and the growing attention of governments in different nations towards healthcare development are expected to provide positive outcomes for the market. The aforementioned reasons are expected to contribute to the growth of the hernia repair market during the projected period. Moreover, it can be anticipated that the market value would experience a concomitant rise in tandem with the escalating demand in the upcoming years.
In recent years, there has been a dramatic surge in technological breakthroughs pertaining to hernia repair equipment. In order to address the challenges encountered in laparoscopic procedures, researchers have made significant progress in the development of innovative technologies, including articulating fixation devices and self-fixating meshes. These advancements aim to improve the efficacy and reliability of laparoscopic interventions. Furthermore, these devices provide surgeons with enhanced access to vulnerable areas within the abdominal wall and facilitate the secure placement of the mesh at the intended anatomical location. This is expected to contribute to the expansion of the market.
COVID-19 Analysis
The increasing cases of COVID-19 disease are one of the major disruptions. It further led to a lockdown and halt in the manufacturing process as well. Even the companies in the healthcare sector faced huge losses due to the pandemic. Moreover, it is anticipated that market of Hernia Repair in the future years can grow at a significant rate with various technological developments.
In May 2023, TISSIUM, a privately held medical technology business, has raised USD 53.45 million from new and current international investors as part of its Series D round of funding, which it disclosed in May 2023. TISSIUM will be able to commercialize its initial products in nerve and hernia repair thanks to the cash, and it will also be able to use the money to expand its pipeline of goods and its platform. TISSIUM's first-in-human trial of COAPTIUM Connect, its first nerve repair product, is currently underway in Australia, and other regulatory processes are also underway, all of which overlap with this new fundraising round.
In March 2023, TELA Bio, Inc. publicized its OviTex PRS Long-Term Resorbable product clearance by the U.S. FDA 510(k)T.
That is to say in October 2022, DORC bought Peregrine Surgical LLC and WEFIS GmbH so as to increase innovation and manufacturing capabilities of the company by expanding geographically and speeding up the market.
In April 2022, Ariste Medical – a pre-commercial drug & device firm, secured a clearance from the U.S. FDA, allowing them to sell their drug–embedded synthetic hernia mesh in America.
In July 2021 - Becton, Dickinson, and Company (B.D.) announced its acquisition of a specialized resorbable polymer technology producer-developer called Tepha, Inc. For B.D.’s current Phasix Mesh products, this procurement of Tepha allows for strategic vertical integration of a critical supply chain element. Also included in this deal is Tepha's GalaFLEX portfolio which also employs the new P4HB polymer.
Synergy Intraperitoneal Biomaterial was introduced in Europe, South Africa and Middle East markets by W.L. Gore & Associates as announced on February 2021. This biomaterial can be used for hernia reconstruction as well as repairing abdominal wall soft tissue defects.
In addition to that September 2020 CE mark for DuraSorb, which is absorbable for aesthetic and reconstructive indications such as breast tissue support, prosthetic breast support and hernia prophylaxis, was received by Surgical Innovation Associates.
Deep Blue Medical responded with its T-line Hernia Mesh complete with suture-like extensions, after receiving FDA approval in August 2020 when addressing major hernia occurrences (or recurrences). These product approvals, plus rise in usage rates of hernia fixation devices among emerging economies within future years, are anticipated to foster the growth of this section.
Similarly, in July 2020, Becton, Dickinson, and Company were given a go-ahead by the FDA for its 3DMax MID Anatomical Mesh, which facilitates soft tissue repair of weak and/or torn muscles due to inguinal hernias.
With the aim of connecting patients with surgeons who can offer comprehensive and personalized hernia repair treatment plans, Orlando Health inaugurated a Complex Hernia Center in December 2022. When multiple unsuccessful attempts have been made to repair the abdominal wall, the hernia is classified as complicated. Issues and recurrences that frequently occur in conjunction with complex hernias may prove to be difficult to manage. To achieve optimal treatment outcomes, a multidisciplinary approach involving surgeons and other medical specialists is essential. The Orlando Health Complex Hernia Center is an innovative initiative designed to provide enhanced support to individuals who have received a hernia diagnosis.
Market Drivers
The increasing use of mesh for efficient treatment will be a positive factor for the market. Along with that, the rising cases of hernia among individuals around the world and technological developments will further drive the market of Hernia Repair in the future years.
Restraints
The increasing costs of the mesh repair are considered to be a significant restraint for the market of Hernia Repair. It is because the mesh is manufactured in developed countries makes it is expensive for middle and low-income countries. Apart from that, the emergence of less-expensive alternatives can also slow down the market growth.
Opportunities
According to the Hernia Repair Market Forecast, various opportunities such as mergers, acquisitions, etc. by the key players will be favorable for the market growth. Therefore, the market will grow at a gradual rate with these strategic steps by the key players.
Challenges
The low availability of skilled laborers is one of the crucial challenges speculated to hinder the market growth of Hernia Repair. Also, the low awareness in the low-income countries and high costs of new products and infrastructure will challenge the market in the future years.
Value Chain Analysis
The improvement in the supply chain and increasing focus of governments across various countries to improve healthcare will be beneficial for the market. These factors will eventually increase the Hernia Repair Market Trends in the studied forecast period. Furthermore, the market value will simultaneously increase with the growing demand in the forthcoming years.
The Hernia Repair Market Size is segmented into hernia type, care setting, fixation, product, and surgery. Based on hernia type, the industry is segmented into Femoral Hernia, Umbilical Hernia, Inguinal Hernia, Hiatal hernia, Epigastric Hernia, and Incisional Hernia.
Based on product, the Market is divided into Consumables, Devices, and Others. The consumables sub-segment is again divided into Biological materials, and Synthetic Materials.
Based on Surgery, the market of Hernia Repair is again divided into Laparoscopy, and Open Hernia Surgery.
Based on fixation, the market is again segmented into Glue, Suture, and Stack.
Based on the care setting, the market of Hernia Repair is divided into Out-Patient and In-Patient.
December 2022: In order to link patients with surgeons who can provide a thorough, individualized treatment plan for hernia repair, Orlando Health has opened a Complex Hernia Center. When repairs to the abdominal wall have been attempted and failed repeatedly, the hernia is deemed complicated. It might be challenging to treat the problems and recurrences that typically accompany complex hernias. A multi-disciplinary strategy including surgeons and other medical specialists is necessary for optimal treatment results. The Orlando Health Complex Hernia Center is a new program with the goal of better serving people who have been diagnosed with a hernia.
Based on region, the market of Hernia Repair is segmented into Europe, the Americas, Africa, and the Middle East, and Asia-Pacific. According to the Hernia Repair Market Analysis, Americas will have the largest share. This region is further segmented into Latin America and North America. Especially, North America will have significant growth in the future years.
Also, the European region is depicted to have the second-largest share in the forthcoming years. Technological development and investments for development and research are crucial reasons for market growth.
Furthermore, the Asia-Pacific region is anticipated to have the fastest market growth in the studied forces period. The growing population of the older generation, increasing technological development, are the important drivers in this region. Also, the rising development by the key players in countries such as India, China, South Korea, etc. is fuelling the Hernia Repair Market Growth.
Also, Africa and the Middle East region are expected to witness gradual growth as compared to the previous years. However, it will have the least share as compared to other regions. But with growing awareness, the market for Hernia Repair will have a gradual growth in this region.
Competitive Landscape
The Hernia Repair Market Size is highly fragmented with the presence of various key players. The key players do acquisitions, market analysis, mergers, collaborations, partnerships, new product launches, etc. Some of the key players in the Market are listed below.
Recent Developments
No Recent Development was found.
Report Overview
The report overview of the Hernia Repair Market Outlook is as follows.
Report Score and Segmentation
The report score offers information about the Hernia Repair Market. It covers information about the market CAGR, drivers, challenges, developments, and many more. The information provided in this report is gathered from various secondary and primary sources.
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)