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PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1566411

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PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1566411

Global Hernia Repair Devices Market Size Study, by Product, by Procedure, by Hernia Type, and Regional Forecasts 2022-2032Global Hernia Repair Devices Market to Reach USD 12.3 Billion by 2032

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The global hernia repair devices market was valued at approximately USD 5.0 billion in 2023, and it is anticipated to grow at a compound annual growth rate (CAGR) of 9.4% from 2024 to 2032, reaching an estimated USD 12.3 billion by the end of the forecast period. Hernia repair devices, including surgical meshes, fixation devices, and laparoscopic instruments, play a crucial role in the treatment of hernias by reinforcing weakened muscle or connective tissue areas to prevent organ or tissue protrusion. These devices are essential in both open and minimally invasive surgeries, effectively reducing the risk of recurrence and promoting quicker recovery.

The increasing prevalence of hernias, driven by factors such as aging populations, sedentary lifestyles, and rising obesity rates, is a key driver propelling the demand for hernia repair devices globally. As the incidence of hernias escalates, the need for surgical interventions is growing, further boosting the market. Technological advancements in hernia repair devices, such as the development of lightweight mesh materials, 3D meshes, and robotic-assisted surgeries, are also contributing significantly to market growth. These innovations improve surgical outcomes, reduce complications, and shorten recovery times, making them highly sought after by both healthcare providers and patients. Also, emerging markets present substantial growth opportunities for the hernia repair devices market. As healthcare infrastructure improves in these regions and access to advanced surgical care increases, the demand for hernia repair devices is expected to surge. Additionally, the growing preference for minimally invasive surgery, which offers reduced recovery times and less postoperative pain, is likely to drive the demand for specialized devices designed for these procedures. However, challenges such as the high cost of advanced devices and reimbursement issues in certain regions could limit market growth, particularly in areas with limited healthcare funding.

North America held the largest revenue share of 50.5% in the global hernia repair devices market in 2023, driven by factors such as a sedentary lifestyle, an increasing elderly population, and a high recurrence rate of hernias. The region also benefits from rising healthcare expenditure and faster FDA approvals, further supporting market growth. In contrast, the Asia Pacific region is expected to witness the fastest growth, with a CAGR of 4.2% during the forecast period. Factors such as increasing medical tourism, affordable treatment options, and rising healthcare reimbursements are driving the market in this region, particularly in countries like Japan and China.

Major market players included in this report are:

  • Medtronic
  • Ethicon (J&J)
  • Becton Dickinson & Company
  • B. Braun Melsungen AG
  • Cook Medical
  • CooperSurgical (The Cooper Companies)
  • Baxter International, Inc.
  • Integra LifeSciences
  • W.L. Gore & Associates
  • AbbVie (Allergan)

The detailed segments and sub-segment of the market are explained below:

By Product:

  • Hernia Mesh
  • Fixation Devices

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:

  • U.S.
  • Canada

Europe:

  • UK
  • Germany
  • France
  • Spain
  • Italy
  • ROE

Asia Pacific:

  • China
  • India
  • Japan
  • Australia
  • South Korea
  • RoAPAC

Latin America:

  • Brazil
  • Mexico
  • RoLA

Middle East & Africa:

  • Saudi Arabia
  • South Africa
  • RoMEA

Years considered for the study are as follows:

  • Historical year - 2022
  • Base year - 2023
  • Forecast period - 2024 to 2032

Key Takeaways:

  • Market Estimates & Forecast for 10 years from 2022 to 2032.
  • Annualized revenues and regional level analysis for each market segment.
  • Detailed analysis of geographical landscape with Country level analysis of major regions.
  • Competitive landscape with information on major players in the market.
  • Analysis of key business strategies and recommendations on future market approach.
  • Analysis of competitive structure of the market.
  • Demand side and supply side analysis of the market.

Table of Contents

Chapter 1. Global Hernia Repair Devices Market Executive Summary

  • 1.1. Global Hernia Repair Devices Market Size & Forecast (2022-2032)
  • 1.2. Regional Summary
  • 1.3. Segmental Summary
    • 1.3.1. By Product
    • 1.3.2. By Procedure
    • 1.3.3. By Hernia Type
    • 1.3.4. By End Use
  • 1.4. Key Trends
  • 1.5. Recession Impact
  • 1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Hernia Repair Devices Market Definition and Research Assumptions

  • 2.1. Research Objective
  • 2.2. Market Definition
  • 2.3. Research Assumptions
    • 2.3.1. Inclusion & Exclusion
    • 2.3.2. Limitations
    • 2.3.3. Supply Side Analysis
      • 2.3.3.1. Availability
      • 2.3.3.2. Infrastructure
      • 2.3.3.3. Regulatory Environment
      • 2.3.3.4. Market Competition
      • 2.3.3.5. Economic Viability (Consumer's Perspective)
    • 2.3.4. Demand Side Analysis
      • 2.3.4.1. Regulatory frameworks
      • 2.3.4.2. Technological Advancements
      • 2.3.4.3. Environmental Considerations
      • 2.3.4.4. Consumer Awareness & Acceptance
  • 2.4. Estimation Methodology
  • 2.5. Years Considered for the Study
  • 2.6. Currency Conversion Rates

Chapter 3. Global Hernia Repair Devices Market Dynamics

  • 3.1. Market Drivers
    • 3.1.1. Rising Prevalence of Hernias
    • 3.1.2. Technological Advancements in Hernia Repair Devices
    • 3.1.3. Increasing Awareness and Accessibility
  • 3.2. Market Challenges
    • 3.2.1. High Costs and Reimbursement Issues
  • 3.3. Market Opportunities
    • 3.3.1. Expansion in Emerging Markets
    • 3.3.2. Focus on Minimally Invasive Surgery

Chapter 4. Global Hernia Repair Devices Market Industry Analysis

  • 4.1. Porter's 5 Force Model
    • 4.1.1. Bargaining Power of Suppliers
    • 4.1.2. Bargaining Power of Buyers
    • 4.1.3. Threat of New Entrants
    • 4.1.4. Threat of Substitutes
    • 4.1.5. Competitive Rivalry
    • 4.1.6. Futuristic Approach to Porter's 5 Force Model
    • 4.1.7. Porter's 5 Force Impact Analysis
  • 4.2. PESTEL Analysis
    • 4.2.1. Political
    • 4.2.2. Economical
    • 4.2.3. Social
    • 4.2.4. Technological
    • 4.2.5. Environmental
    • 4.2.6. Legal
  • 4.3. Top Investment Opportunity
  • 4.4. Top Winning Strategies
  • 4.5. Disruptive Trends
  • 4.6. Industry Expert Perspective
  • 4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Hernia Repair Devices Market Size & Forecasts by Product 2022-2032

  • 5.1. Segment Dashboard
  • 5.2. Global Hernia Repair Devices Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Billion)
    • 5.2.1. Hernia Mesh
    • 5.2.2. Fixation Devices

Chapter 6. Global Hernia Repair Devices Market Size & Forecasts by Procedure 2022-2032

  • 6.1. Segment Dashboard
  • 6.2. Global Hernia Repair Devices Market: Procedure Revenue Trend Analysis, 2022 & 2032 (USD Billion)
    • 6.2.1. Open Surgery
    • 6.2.2. Laparoscopic Surgery
    • 6.2.3. Robotic Surgery

Chapter 7. Global Hernia Repair Devices Market Size & Forecasts by Hernia Type 2022-2032

  • 7.1. Segment Dashboard
  • 7.2. Global Hernia Repair Devices Market: Hernia Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
    • 7.2.1. Inguinal Hernia
    • 7.2.2. Ventral Hernia
    • 7.2.3. Umbilical Hernia
    • 7.2.4. Incisional Hernia
    • 7.2.5. Epigastric Hernia
    • 7.2.6. Femoral Hernia

Chapter 8. Global Hernia Repair Devices Market Size & Forecasts by End Use 2022-2032

  • 8.1. Segment Dashboard
  • 8.2. Global Hernia Repair Devices Market: End Use Revenue Trend Analysis, 2022 & 2032 (USD Billion)
    • 8.2.1. Hospitals
    • 8.2.2. Ambulatory Surgical Centers
    • 8.2.3. Clinics

Chapter 9. Global Hernia Repair Devices Market Size & Forecasts by Region 2022-2032

  • 9.1. North America Hernia Repair Devices Market
    • 9.1.1. U.S. Hernia Repair Devices Market
      • 9.1.1.1. Product breakdown size & forecasts, 2022-2032
      • 9.1.1.2. Procedure breakdown size & forecasts, 2022-2032
      • 9.1.1.3. Hernia Type breakdown size & forecasts, 2022-2032
      • 9.1.1.4. End Use breakdown size & forecasts, 2022-2032
    • 9.1.2. Canada Hernia Repair Devices Market
  • 9.2. Europe Hernia Repair Devices Market
    • 9.2.1. U.K. Hernia Repair Devices Market
    • 9.2.2. Germany Hernia Repair Devices Market
    • 9.2.3. France Hernia Repair Devices Market
    • 9.2.4. Spain Hernia Repair Devices Market
    • 9.2.5. Italy Hernia Repair Devices Market
    • 9.2.6. Rest of Europe Hernia Repair Devices Market
  • 9.3. Asia-Pacific Hernia Repair Devices Market
    • 9.3.1. China Hernia Repair Devices Market
    • 9.3.2. India Hernia Repair Devices Market
    • 9.3.3. Japan Hernia Repair Devices Market
    • 9.3.4. Australia Hernia Repair Devices Market
    • 9.3.5. South Korea Hernia Repair Devices Market
    • 9.3.6. Rest of Asia Pacific Hernia Repair Devices Market
  • 9.4. Latin America Hernia Repair Devices Market
    • 9.4.1. Brazil Hernia Repair Devices Market
    • 9.4.2. Mexico Hernia Repair Devices Market
    • 9.4.3. Rest of Latin America Hernia Repair Devices Market
  • 9.5. Middle East & Africa Hernia Repair Devices Market
    • 9.5.1. Saudi Arabia Hernia Repair Devices Market
    • 9.5.2. South Africa Hernia Repair Devices Market
    • 9.5.3. Rest of Middle East & Africa Hernia Repair Devices Market

Chapter 10. Competitive Intelligence

  • 10.1. Key Company SWOT Analysis
  • 10.2. Top Market Strategies
  • 10.3. Company Profiles
    • 10.3.1. Medtronic
      • 10.3.1.1. Key Information
      • 10.3.1.2. Overview
      • 10.3.1.3. Financial (Subject to Data Availability)
      • 10.3.1.4. Product Summary
      • 10.3.1.5. Market Strategies
    • 10.3.2. Ethicon (J&J)
    • 10.3.3. Becton Dickinson & Company
    • 10.3.4. B. Braun Melsungen AG
    • 10.3.5. Cook Medical
    • 10.3.6. CooperSurgical (The Cooper Companies)
    • 10.3.7. Baxter International, Inc.
    • 10.3.8. Integra LifeSciences
    • 10.3.9. W.L. Gore & Associates
    • 10.3.10. AbbVie (Allergan)

Chapter 11. Research Process

  • 11.1. Research Process
    • 11.1.1. Data Mining
    • 11.1.2. Analysis
    • 11.1.3. Market Estimation
    • 11.1.4. Validation
    • 11.1.5. Publishing
  • 11.2. Research Attributes
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