Number of pages: 100 | Report Format: PDF | Published date: July 21, 2022
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
Report Attribute |
Details |
Market size value in 2021 |
USD 4.65 billion |
Revenue forecast in 2030 |
USD 7.34 billion |
Growth Rate |
CAGR of 5.2% from 2022 to 2030 |
Base year for estimation |
2021 |
Forecast period |
2022-2030 |
Segments covered |
Type, Surgery Type, Products, End User |
Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
The global hernia repair market was pegged at US$ 4.65 billion in 2021 and is expected to witness a CAGR of 5.2% during the forecast period from 2022 to 2030.
Market Fundamentals
Hernia is characterized by protrusion of internal organs through the outer muscle layer in any body part. Hernia mostly occurs in the abdominal cavity or lower body and can also appear between the hips or chest. In some cases, a hernia can be noticed through the naked eyes, depending on its size and position, and in some cases, it can manifest into life-threatening complications. Hernia is treated with implantation of mesh or barriers through open or laparoscopic surgeries.
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Market Dynamics
A steady growth is witnessed by the hernia repair market. Growing cases of inguinal hernia and femoral hernia have been the most prominent market trends. The rising prevalence has led to the widespread adoption of corrective surgeries, and increased demand for novel surgical devices and implants. Additionally, mesh repair methods offer effective and promising output. Also, favorable reimbursement policies and technological advancements in this area boost the overall market value of the hernia repair market.
Market Ecosystem
The global hernia repair market has been analyzed from five perspectives: types, surgery type, products, end-user, and region.
Hernia Repair Market by Type
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Based on type, the global hernia repair market has been segmented into femoral, umbilical, incisional, inguinal hernia, and others (hiatal, ventral, etc.). The inguinal hernia segment holds the largest share in the market and is expected to exhibit incessant growth in the forecast period. This attributes to the growing elderly population, chronic coughing, hereditary, and many more. These factors are propelling the growth of the hernia repair market.
Hernia Repair Market by Surgery Type
Based on the surgery type, the market has been segmented into laparoscopic surgery and open surgery. Open surgery tends to hold the largest share in the global market for hernia repair. It is owing to the use of local anesthesia for surgery, full view of the organ/structure for better procedure, low risk of complications, and is suitable for treating all types of hernia. Additionally, low procedure cost and satisfactory outcomes are further factors for sustained growth of the open surgery segment.
Hernia Repair Market by Products
Based on the products, the global hernia repair market has been segmented into surgical implants, fixation equipment, biological material mesh, prosthetic/polymeric mesh, and others (glue applicators, sutures, etc.). At present, prosthetic/polymeric mesh holds the largest share in the global market for hernia repair. It attributes to the use of versatile and inexpensive plastic, good durability, and minimum risk of infection. additional supporting factors are better mechanical strength less cost.
Hernia Repair Market by End User
Based on end-user, the market has been segmented into hospitals and ambulatory surgical centers. The hospitals segment is expected to show constant dominance in the global hernia repair market with the largest revenue share in the forecast period. Furthermore, hospitals commonly sought by patients and is a standard place for both diagnosis and treatment. Emergency or on-demand healthcare services can be conveniently availed in the hospitals/clinics. Moreover, large hospitals often have better affordability for novel treatment technologies such as robotic surgical systems which thus contributes to greater patient footfall. These factors positively affect the dominance of hospitals segment in the global hernia repair market.
Hernia Repair Market by Region
Based on regions, the global hernia repair market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America leads the global hernia repair market with the largest revenue share and is also expected to maintain its dominance in the forecast period. The growth of this market can be owed to the growing prevalence of lifestyle associated implications on health, high geriatric population, and high prevalence of hernias. Additionally, significantly high expenditure on the population health and wellbeing and rapid FDA approvals are supporting the steady market growth in this region.
Competitive Landscape
Some of the prominent players operating in the global hernia repair market are
Strategic Developments
The global hernia repair market was anticipated to clock US$ 4.65 billion in 2021
The hernia repair market is projected to reach US$ 7.34 billion billion by 2030
The global hernia repair market is mainly driven by rising prevalence has led to the widespread adoption of corrective surgeries.
Becton, Dickinson and Company (C.R. Bard, Inc.), Allergan Plc., Cook Medical, Inc., W.L Gore & Associates, Inc., Medtronic Plc., Baxter International Inc., Cooper Companies, Inc., B. Braun Melsungen AG, Herniamesh S.r.l., LifeCell Corporation, DynaMesh, Baxter International Inc., Integra LifeSciences, and Ethicon (Johnson & Johnson) among others.
2022-2030The growth rate of hernia repair market is CAGR of 5.2% between 2022-2030
North America held the largest market share of the global hernia repair market.
*Insights on financial permanence is subject to availability of information in public domain