PUBLISHER: The Business Research Company | PRODUCT CODE: 1409483
PUBLISHER: The Business Research Company | PRODUCT CODE: 1409483
“Hernia Repair Devices And Consumables Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on hernia repair devices and consumables market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for hernia repair devices and consumables? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The hernia repair devices and consumables market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Hernia repair devices are instruments employed in treating hernias by providing support to weakened or protruding tissue and securing it back into its proper position. These devices serve the purpose of offering additional support to fragile or injured tissue.
The primary categories of hernia repair devices and consumables include fixation devices and consumables. Fixation devices are utilized to secure the mesh at the hernia site. The two main surgical approaches involving hernia repair devices and consumables are open tension-free repair surgery and laparoscopic surgery. These devices are employed in the treatment of various hernia types, including umbilical hernia, incisional hernia, inguinal hernia, femoral hernia, and other related hernia conditions.
The hernia repair devices and consumables market research report is one of a series of new reports from The Business Research Company that provides hernia repair devices and consumables market statistics, including hernia repair devices and consumables industry global market size, regional shares, competitors with a hernia repair devices and consumables market share, detailed hernia repair devices and consumables market segments, market trends and opportunities, and any further data you may need to thrive in the hernia repair devices and consumables industry. This hernia repair devices and consumables market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The hernia repair devices and consumables market size has grown strongly in recent years. It will grow from $5.27 billion in 2023 to $5.65 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth observed during the historical period can be attributed to factors such as the rising incidence of hernias, the aging population and associated hernia risks, the high success rates of hernia repair surgeries, increased awareness and diagnosis, patient preference for minimally invasive procedures, and the introduction of mesh materials in hernia repair.
The hernia repair devices and consumables market size is expected to see strong growth in the next few years. It will grow to $7.55 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The anticipated growth in the forecast period can be attributed to an emphasis on bioabsorbable materials, patient-centric treatment approaches, the increasing prevalence of obesity-related hernias, the expansion of ambulatory surgical centers, and the development of hernia repair training programs. Key trends expected in the forecast period encompass the integration of 3D printing technology, global collaborations in hernia research, technological innovations in implants, the use of telemedicine in postoperative care, the adoption of single-incision laparoscopic surgery, and the application of robotics in hernia surgery.
The hernia repair devices and consumables market is expected to witness growth due to the high prevalence of hernia cases. Hernia, a condition characterized by the protrusion of organs or fatty tissue from surrounding muscles, requires the use of hernia repair devices and consumables to address the issue. These devices help contain and reposition the tissue, either physically or through medication. Notably, inguinal hernia affects around 220 million individuals globally, leading to 40,000 deaths, with approximately 20 million hernia repair surgeries performed each year. The escalating number of hernia cases worldwide is a key factor driving the growth of the hernia repair devices and consumables market.
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In the hernia repair devices and consumables market, product innovations are a prominent trend embraced by major companies. One such innovation is the introduction of GORE SYNECOR intraperitoneal biomaterial by W.L. Gore & Associates. This biomaterial is designed for complex hernia repair procedures, offering rapid vascularity and permanent strength. Comprising three unique layers, the GORE-SYNECOR intraperitoneal biomaterial promotes fast vascularity with minimal use of permanent material, enhancing its effectiveness in hernia repair.
Major companies in the hernia repair devices and consumables market are focusing on developing advanced products such as hernia mesh to expand their customer base and boost revenue. Hernia mesh, also known as surgical mesh, is a medical device utilized in hernia repair surgeries to provide support to weakened or damaged tissue, reducing the risk of hernia recurrence. Deep Blue Medical Advances Inc. received FDA approval for its T-Line Hernia Mesh in December 2022, suitable for strengthening soft tissue during ventral hernia repair surgeries. The innovative design of T-Line allows surgeons to make precise adjustments to mesh tension, offering potential surgical and clinical benefits compared to traditional mesh applications.
In July 2021, BD (Becton, Dickinson, and Company) acquired Tepha Inc. to enhance its surgical mesh portfolio. Tepha, a developer of resorbable polymer technology-based surgical meshes and hernia repair consumables, brought its proprietary technology platform to BD, contributing to advancements in the field of hernia repair devices and consumables.
Major companies operating in the hernia repair devices and consumables market report are Allergan plc, Baxter International Inc., Becton, Dickinson and Company, Cook Medical Inc., Herniamesh Srl, Johnson & Johnson, Medtronic plc, W. L. Gore & Associates Inc., Via Surgical Ltd., Zimmer Biomet Inc., LifeCell Corporation, Atrium Medical Corporation, Integra Life Sciences Corporation, Cousin Biotech SAS, Cryolife Inc., Olympus Corporation, TELA Bio Inc., Aspide Medical, pfm medical ag, Poly Medicure Limited, Purple Surgical, Sutures India Pvt. Ltd., Angiologica B.M. Srl, Dipromed Srl, Davol Inc., B. Braun SE, Insightra Medical Inc., Medline Industries Inc., Galaxy Medical Products Inc., McGinley Orthopaedic Innovations .
North America was the largest region in the hernia repair devices and consumables market in 2023. Asia-Pacific is expected to be the fastest-growing region in the hernia repair devices and consumables market report during the forecast period. The regions covered in the hernia repair devices and consumables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the hernia repair devices and consumables market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The hernia repair devices and consumables market consist of sales of hernia patches and plugs. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.