Hernia Repair Devices Market Size, Top Manufacturer Analysis and Forecast to 2028

Posted on 2022-09-26 by researchinsights in Healthcare // 0 Comments

San Francisco, California , USA, Sept 26, 2022 — /EPR Network/ —

Hernia Repair Devices Industry Overview

The global hernia repair devices market size was valued at USD 3.49 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.65% from 2021 to 2028.

Key factors contributing to market growth include the increasing incidence of hernia, favorable reimbursement policies, and technological advancements related to repair devices. The high incidence of hernia is creating a growing demand for efficient repair devices, which is expected to supplement the market growth. According to the U.S. FDA, more than a million hernia repair procedures are done annually in the U.S. alone. The high incidence of hernia is creating demand for an efficient solution, which is expected to be responsible for the market growth.

It was estimated that around 28 million elective operations and surgeries were canceled during the peak 12 weeks of interruption caused by the COVID-19 pandemic. In February 2019, the proportion of emergency repairs and operations was approximately 2.5% for inguinal hernias and 5.9% for incisional and umbilical hernias. In mid-March 2020, an announcement was made by the German government to stop elective surgical interventions. In addition, the number of hernia repairs registered by Herniamed during March 2020 was reduced substantially.

Gather more insights about the market drivers, restrains and growth of the Global Hernia Repair Devices market

The lowest cases of hernia repair were registered in April 2020, during which, hernia repair surgeries were equivalent to about 25% of those conducted from February to June 2019. With the gradual decrease in COVID-19 cases after May 2020, restrictions executed on overall elective surgery across German hospitals were lifted, resulting in an increase in the number of elective hernia repairs. Despite the normalization of hospitalization policies in Germany, the caseload of hernia repairs in June 2020 was considerably lower than that in June 2019.

Hernia repair is one of the most common surgical procedures performed across the world. The incidence of hernia is higher in men than in women. Around 25% of males and 2% of females develop inguinal hernia. This disorder is associated with risk factors such as obesity, smoking, unhealthy lifestyle, and age. About 75% of all hernias occur in the groin among adults, leading to an increase in the adoption of hernia repair devices among the demographic. The high incidence of hernia is creating demand for efficient hernia repair, which is expected to boost the market growth over the forecast period. Technological advancements in hernia repair devices have rapidly increased in recent years. Advancements such as articulating fixation devices and self-fixating (gripping) meshes are developed to overcome the problems occurring during laparoscopic processes. In addition, such devices offer surgeons with better access to weak spots within the abdominal wall and enable them to securely place the mesh at the desired body site, which is likely to boost the market growth.

Browse through Grand View Research’s Medical Devices Industry Research Reports.

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Hernia Repair Devices Market Segmentation

Grand View Research has segmented the global hernia repair devices market on the basis of product type, surgery type, procedure type, and region:

Hernia Repair Devices Product Type Outlook (Volume, Units; Revenue USD Million, 2016 – 2028)

Hernia Mesh
Hernia Fixation Devices

Hernia Repair Devices Surgery Type Outlook (Volume, Units; Revenue USD Million, 2016 – 2028)

Inguinal Hernia
Umbilical Hernia
Incisional Hernia
Femoral Hernia
Others

Hernia Repair Devices Procedure Type Outlook (Volume, Units; Revenue USD Million, 2016 – 2028)

Open Surgery
Laparoscopic Surgery

Hernia Repair Devices Regional Outlook (Volume, Units; Revenue USD Million, 2016 – 2028)

North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)

Key Companies profiled:

Some prominent players in the global Hernia Repair Devices market include

B Braun Melsungen AG
Cook Medical
Medtronic Plc
L. Gore & Associates
Ethicon Inc.
R Bard Inc
Atrium
LifeCell Corporation
Baxter International
Herniamesh S.R.L.

Order a free sample PDF of the Hernia Repair Devices Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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