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Global Hernia Repair Market Size By Surgery Type, By Clinical Indication, By Product, By Geographic Scope And Forecast


Published on: 2024-08-08 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Hernia Repair Market Size By Surgery Type, By Clinical Indication, By Product, By Geographic Scope And Forecast

Hernia Repair Market Size And Forecast

Hernia Repair Market size was valued at USD 6.21 Billion in 2023 and is projected to reach USD 8.67 Billion by 2030, growing at a CAGR of 4.9% during the forecast period 2024-2030.

Global Hernia Repair Market Drivers

The market drivers for the Hernia Repair Market can be influenced by various factors. These may include

  • Growing Incidence and Prevalence of Hernias The market for hernia repair is significantly influenced by the growing incidence and prevalence of hernias worldwide. The increasing prevalence of hernias is caused by a number of factors, including aging populations, obesity, sedentary lifestyles, and hereditary predisposition. There will likely be a rise in hernia cases as the population ages and lifestyle-related risk factors become more common, which will raise demand for hernia repair techniques and supplies.
  • Technological Progress in Surgical Procedures Improvements in surgical techniques, such as less intrusive methods like robotic-assisted hernia repair and laparoscopic surgery, have resulted in shorter hospital stays, better patient outcomes, and quicker patient recoveries. The acceptance of hernia repair techniques has been fueled by these technical breakthroughs, which have increased the therapeutic options available to patients and healthcare practitioners.
  • Growing Need for Mesh Repair Products Because mesh repairs have a lower recurrence rate than non-mesh repairs, they are the most often used procedure for treating hernias. The market for hernia repair mesh products is being driven by the increasing preference for mesh repair as well as the creation of novel mesh materials and designs that provide enhanced strength, flexibility, and biocompatibility.
  • Growing understanding and Diagnosis Rates Early diagnosis and treatment initiation have resulted from patients and healthcare professionals’ growing understanding of the signs, dangers, and complications related to hernias. The need for hernia repair treatments is driven by improved diagnostic tools, such as ultrasound and imaging modalities, which allow healthcare providers to accurately diagnose hernias and prescribe appropriate treatment alternatives.
  • Growing Healthcare Expenditure and Infrastructure Development The need for hernia repair treatments is being driven by an increase in healthcare spending as well as expenditures in healthcare facilities and infrastructure, particularly in emerging economies. Enhanced availability of medical services, such as surgical interventions for hernias, is fueling the expansion of the hernia repair industry in emerging nations.
  • Growing Senior Population Age-related alterations in muscle tone, tissue flexibility, and abdominal wall strength make the elderly population more prone to hernias. The need for hernia repair treatments is predicted to rise in tandem with the worldwide aging population, especially in industrialized nations, propelling market expansion.
  • Advantageous Reimbursement Policies Government healthcare programs and private insurance companies favorable reimbursement policies and coverage for hernia repair procedures encourage patients to seek treatment for their hernias as soon as possible and allow medical professionals to provide a greater range of treatment options. As a result, more patients will have access to hernia repair techniques and supplies, which will propel market expansion.
  • Growing Need for Ambulatory and Outpatient Surgical Services Advances in anesthetic and pain control techniques, together with cost-effectiveness, convenience, and lower hospitalization rates, are driving the trend towards outpatient and ambulatory surgical settings for hernia repair treatments. The market is expanding in part because of the rising demand for less invasive hernia repair surgeries carried out in outpatient settings.

Global Hernia Repair Market Restraints

Several factors can act as restraints or challenges for the Hernia Repair Market. These may include

  • Complications Associated with Hernia Repair Hernia repair methods can result in consequences such as mesh-related infections, chronic discomfort, mesh migration, intestinal obstruction, and recurrence of hernias, even with breakthroughs in surgical techniques and materials. The growth of the market may be impacted by patients and healthcare professionals choosing not to undergo surgical intervention due to concerns regarding the safety and effectiveness of hernia repair operations, especially when using specific mesh products.
  • Strict Regulatory Requirements Market participants looking to launch new items or technologies may face difficulties due to regulatory scrutiny and strict approval procedures for hernia repair tools and materials. Adherence to regulatory norms, such as those pertaining to premarket approval (PMA) prerequisites, clinical trial restrictions, and post-market surveillance duties, may lengthen the time to market and escalate development expenses, hence impeding market expansion.
  • Exorbitant Expense of Hernia Repair Procedures Patients who lack sufficient insurance coverage or access to healthcare services may find the expense of hernia repair procedures—which include surgical intervention, anesthesia, hospitalization, and post-operative care—to be exceptionally high. Exorbitant out-of-pocket costs could deter patients from choosing less invasive options or from seeking treatment for hernias in a timely manner, which would restrict market expansion.
  • Limited Access to Healthcare Services Patients may find it difficult to receive a diagnosis and treatment for a hernia if they have limited access to healthcare services, especially in rural or underserved areas. Hernia repair treatments may be delayed due to a lack of surgical resources, specialized surgeons, diagnostic tools, and healthcare facilities, which could result in less-than-ideal results and higher morbidity. To realize the full potential of the hernia repair business, gaps in infrastructure development and healthcare access must be addressed.
  • Patient Preference for Non-Surgical Care Watchful waiting, lifestyle changes, or supportive clothing are examples of non-surgical hernia care methods that some patients may favor over surgery. Patient choices may be influenced by factors such as personal ideas or attitudes on medical treatment, recovery time, probable problems, and surgical risks. The market demand for products and services related to hernia repair may be affected by patients’ unwillingness to undergo surgical repair treatments.
  • Litigation and Legal Challenges Hernia repair product-related litigation, encompassing allegations of substandard products, insufficient warning labels, and unfavorable incidents, may result in financial outlays, settlements, and harm to the reputations of healthcare practitioners and manufacturers. Hernia repair product-related legal ambiguities and liabilities may impede product adoption, market-entry, and innovation, which could hinder market expansion and competitiveness.
  • Reimbursement Constraints Patients’ access to hernia repair treatments and supplies may be impacted by reimbursement policies and coverage restrictions imposed by government healthcare programs, commercial insurance companies, and healthcare payers. The decisions made by healthcare providers and patients on their treatments may be influenced by reimbursement rates, coding limitations, prior authorization requirements, and coverage criteria, which could limit market expansion.
  • Market Saturation and Competition The market for hernia repair is saturated and highly competitive, with manufacturers of medical devices, pharmaceutical companies, and healthcare providers vying for customers’ business. Industry participants may face constraints to their revenue development and profitability, including market saturation, product commoditization, pricing pressures, and difficulties with product differentiation. Furthermore, the introduction of new competitors and the existence of current ones may exacerbate competitive dynamics and limit market growth.

Global Hernia Repair Market Segmentation Analysis

The Global Hernia Repair Market is Segmented on the basis of Surgery Type, Clinical Indication, Product, And Geography.

Hernia Repair Market, By Surgery Type

  • Open Surgery Open surgery has always been the most common method, although less invasive methods are becoming more popular.
  • Laparoscopic Surgery The use of laparoscopic instruments in minimally invasive surgery.
  • Robotic-aided Surgery A kind of laparoscopic surgery in which the surgeon is supported by a robotic system.

Hernia Repair Market, By Clinical Indication

  • Inguinal Hernia The most prevalent kind, inguinal hernias, appear in the groin region.
  • Ventral Hernia Occurs in the abdominal wall as a result of muscle weakness.
  • Femoral Hernia Less common; develops in the region of the groin close to the thigh.
  • Hiatal Hernia A hiatal hernia is a condition where a portion of the stomach protrudes into the chest cavity and develops in the upper diaphragm.
  • Other Hernias Less frequent varieties of hernias are covered in this section.

Hernia Repair Market, By Product

  • Hernia Mesh
  • Mesh Fixator

Hernia Repair Market, By Geography

  • North America Market conditions and demand in the United States, Canada, and Mexico.
  • Europe Analysis of the Hernia Repair Market in European countries.
  • Asia-Pacific Focusing on countries like China, India, Japan, South Korea, and others.
  • Middle East and Africa Examining market dynamics in the Middle East and African regions.
  • Latin America Covering market trends and developments in countries across Latin America.

Key Players

The major players in the Hernia Repair Market are

  • Ethicon Inc. (Johnson & Johnson)
  • Medtronic plc
  • Becton, Dickinson and Company (BD)
  • Braun SE
  • Integra Lifesciences Holdings Corporation
  • Cook Medical
  • CooperSurgical Inc.
  • WL Gore & Associates, Inc.
  • Davol Inc.
  • ATP (Advancing Technology Professionals) Ltd.
  • SurgiQuest

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2020-2030

BASE YEAR

2023

FORECAST PERIOD

2024-2030

HISTORICAL PERIOD

2020-2022

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Ethicon Inc. (Johnson & Johnson), Medtronic plc, Becton, Dickinson and Company (BD), Braun SE, Integra Lifesciences Holdings Corporation, Cook Medical, CooperSurgical Inc.

SEGMENTS COVERED

By Surgery Type, By Clinical Indication, By Product, And By Geography

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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