Hernia Repair Device Market Poised for Explosive Growth, Reaching US$ 12.3 Billion by 2033

Hernia Repair Device Market

The global hernia repair devices market is on track for a significant surge, the market is projected to be valued at US$ 5.0 billion in 2023, and with demand expected to reach a staggering US$ 12.3 billion by 2033. This represents a phenomenal growth projection, with analysts predicting a Compound Annual Growth Rate (CAGR) of 9.4% between 2023 and 2033.

This positive outlook is echoed by a new Future Market Insights (FMI) report, which forecasts the market to expand at a healthy CAGR of 6.5% through 2032.

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The robust growth can be attributed to several key factors:

  • Advancements in Medical Technology: Innovations in medical technology are playing a crucial role in driving market expansion. This includes the development of novel hernia repair devices, which are leading to improved patient outcomes and minimally invasive procedures.
  • Rising Prevalence of Hernias: The global population is aging, and with it comes an increased risk of developing hernias. This growing demand for hernia repair procedures is a significant driver of market growth.
  • Obesity on the Rise: The global obesity rate is also on the rise, which is another factor contributing to the increasing prevalence of hernias. This growing patient pool is fueling demand for hernia repair devices.
  • Minimally Invasive Procedures Gaining Traction: The shift towards minimally invasive surgical procedures for hernia repair is a positive trend that is expected to further propel market growth. These procedures offer faster recovery times and less pain for patients.

The hernia repair devices market presents a promising landscape for both established players and innovative newcomers. With the confluence of these growth factors, the market is well-positioned to witness a period of significant expansion in the years to come.

Key Takeaways:

  • Over the projected period, rising awareness regarding hernias is expected to propel the sales of hernia repair devices. For example, in April 2019, SSM Health Cardinal Glennon Children’s Hospital encouraged awareness among pregnant women by organizing a ‘CDH Care’ Program, which provided information on congenital diaphragmatic hernia (CDH) that would aid them during prenatal diagnosis. April is congenital diaphragmatic hernia (CDH) awareness month at SSM Health Cardinal Glennon Children’s Hospital.
  • Increasing demand for the hernia repair devices market is predicted to profit market players from a focus on regions where composite mesh use is increasing.
  • The key players in the hernia repair devices market are focusing on releasing new items to diversify their product range. For example, ACell, Inc. and Southmedic announced the Gentrix Surgical Matrix series of devices in September 2019, which contains ACell’s MatriStem UBM (Urinary Bladder Matrix) technology. Hernia and abdominal wall repair are treated with the Gentrix Surgical Matrix range of devices.
  • The substantial demand for and acceptance of hernia repair in the United States accounts for North America’s large share of this market. In the United States, the adoption of the hernia repair devices market, particularly biologic mesh devices, is the highest.
  • Hernia repair mesh systems manufacturers will profit from the introduction of innovative and technologically sophisticated hernia repair devices.
  • The market for hernia repair devices is growing as composite mesh methods, which are more expensive, become more popular. The United States, Canada, Germany, France, and other major countries are seeing greater usage of composite meshes.

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Competitive Landscape:

In this report, the major players in the hernia repair devices market are Covidien Plc (Medtronic Plc) (Ireland), Ethicon (Johnson & Johnson Services, Inc.) (U.S.), B. Braun Melsungen AG (Germany), C.R. Bard (Becton, Dickinson and Company) (U.S.), W. L. Gore & Associates (U.S.), LifeCell Corporation (Allergan) (Ireland), Maque (U.S.). DIPROMED (Italy), FEG Textiltechnik mbH (Germany), Cousin Biotech (France), Herniamesh (Italy), Aspide Medical (France), TransEasy Medical (China), and Via Surgical are some of the other companies in the market (Israel).

Continuous product revisions, followed by technology breakthroughs, and rising demand for less invasive methods, are factors that contribute to the expansion of total hernia repair operations.

However, the high cost of goods and procedures, as well as the uncertainty surrounding reimbursement rules, may restrict the market’s growth prospects.

  • GORE® SYNECOR Intraperitoneal Biomaterial was released in February 2021 by W. L. Gore & Associates in Europe, the Middle East, and South Africa to fulfil unmet requirements in difficult hernia repair.
  • Surgical Innovation Associates’ flagship absorbable mesh, DuraSorb®, gained CE Mark in September 2020 for reconstructive and cosmetic applications, including abdominal hernia prevention, breast tissue support, and prosthetic breast support.
  • W. L. Gore & Associates’ GORE® SYNECOR, a tri-layer hybrid material developed for ease of use during laparoscopic repair devices, robotic, and open surgical operations, obtained a C.E. mark in June 2020.

Key Segments Covered in the Hernia Repair Devices Market Report:

By Product:

  • Hernia Mesh
  • Biologic
  • Synthetic
  • Fixation Devices
  • Tack
  • Sutures
  • Glue Applicators

By Procedure:

  • Open Surgery
  • Laparoscopic Surgery
  • Robotic Surgery

By Hernia Type:

  • Inguinal Hernia
  • Ventral Hernia
  • Umbilical Hernia
  • Incisional Hernia
  • Epigastric Hernia
  • Femoral Hernia

By End Use:

  • Hospitals
  • Ambulatory Surgical Centers
  • Clinics

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
  • Japan
  • Middle East & Africa (MEA)

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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