Global Hernia Repair Devices & Consumables Market: Overview 

Hernia is a medical disorder, wherein either an organ or fatty tissue pushes out through a weak spot where it is normally confined. A surgical operation is carried out to treat hernia, and is the most the common procedure performed across the globe. Over 3 million hernia repair procedures are conducted across the world every year. Around 1.2 million hernia repair procedures are carried out in the U.S. every year. The two most common methods for hernia repair include laparoscopic hernia repair surgery and open tension-free repair surgery. These surgeries are conducted with the aid of fixation devices and consumables (mesh-based surgery). 

Global Hernia Repair Devices & Consumables Market: Key Trends 

Factors propelling the global hernia repair devices & consumables market include rise in prevalence of hernia, high rate of adoption of open tension-free repair procedures, technological advancements in consumables such as biological mesh offered by key players, and high demand for robotic surgeries. However, high cost of hernia repair surgeries and unreliable reimbursement policies hamper market growth. Nevertheless, developing regions are expected to provide lucrative opportunities in the market during the forecast period. 

Global Hernia Repair Devices & Consumables Market: Segmentation 

The global hernia repair devices & consumables market can be segmented based on product, type of surgery, type of hernia, and region. In terms of product, the market can be bifurcated into fixation devices and consumables. The fixation devices segment can be divided into tack and others. The tack sub-segment can be classified into absorbable tack and non-absorbable tack. The consumables segment can be categorized into mesh and others. The mesh sub-segment can be split into synthetic mesh and biological mesh. The consumables segment accounted for the largest market share in 2018 and the trend is anticipated to continue during the forecast period.

Based on type of surgery, the global hernia repair devices & consumables market can be bifurcated into open tension-free repair and laparoscopic surgeries. The open tension-free repair segment held the largest market share in 2018. 

Based on hernia type, the global hernia repair devices & consumables market can be classified into incisional hernia, femoral hernia, umbilical hernia, inguinal hernia, and others. The inguinal hernia segment accounted for the largest market share in 2018. 

Global Hernia Repair Devices & Consumables Market: Regional Analysis 

In terms of region, the global hernia repair devices & consumables market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to capture major market share during the forecast period owing to increase in health care investment by manufacturers and high R&D expenditure by companies for the development of these devices. Moreover, rise in prevalence of hernia fuels the growth of the hernia repair devices & consumables market in the region. However, the market in Asia Pacific is expected to expand at a high CAGR from 2019 to 2027. Large population base, rise in disposable income, and increase in patient awareness about hernia surgical procedures are likely to boost market growth in the region during the forecast period. 

Global Hernia Repair Devices & Consumables Market: Competitive Landscape 

Key players in the global hernia repair devices & consumables market include Cook Medical, Inc., C. R. Bard, B. Braun Melsungen AG, LifeCell Corporation, Herniamesh S. R. L., Ethicon, Inc., W. L. Gore & Associates, Inc., Medtronic plc, Baxter International, Inc., and CooperSurgical, Inc.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.