Analysts’ Viewpoint on Market Scenario
Cash-rich companies are entering into mergers & acquisitions to innovate in hernia repair devices amid the COVID-19 pandemic. Since the time taken to introduce a new hernia repair device in the market is usually very time-consuming owing to several regulatory and clinical requirements, the recent pandemic holds potentials to speed up these processes.
In order to lower the cost of technologically advanced hernia repair devices, med-tech companies should join forces with doctors, surgeons, and nurses to increase the availability of products. Manufacturers should conduct a cost-benefit analysis before implementing any new polymer & prosthetic meshes, surgical instruments, implants, and the likes in healthcare facilities.
Hernia is associated with high morbidity in patients. Hence, med-tech companies in the hernia repair devices market are increasing R&D spending on innovations in products and equipment. The growing burden of geriatric population on the healthcare system has compelled manufacturers to develop efficacious hernia mesh, biologic materials, and endoscopy equipment, among others to improve medical outcomes. The population aged 55 years & above is more likely to develop hernia due to the high risk of acquiring health disorders and natural weakening of muscles.
The global market is slated to clock a favorable CAGR during the forecast period. The rise in prevalence of hernia can be attributed to increase in geriatric population, rapidly changing lifestyle habits, and high obesity among people.
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Since masks are not mandatory anymore in most regions of the world, patients are now more willing to visit healthcare facilities instead of postponing treatments or other elective procedures. However, the healthcare system in China and the U.K. is again under stress due to a new coronavirus wave. Nevertheless, new trends such as telehealth and remote patient monitoring are emerging as important strategies to offset revenue losses made in 2020 and 2021.
Companies in the hernia repair devices market are taking data-driven decisions before investing in new manufacturing technologies to make optimum use of their financial budgets. They are rethinking global sales order to ensure timely delivery of hernia repair devices.
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A common problem that stakeholders in the market face is the time-consuming development phase of medical devices and high cost of research & development. Hence, stakeholders should actively participate with governments to establish a process, which speeds up the time for the new product to reach the market.
It has been found that a manufacturer of hernia repair device should comply with several regulatory and clinical requirements before launching the product. Such findings are slowing down the growth of the hernia repair devices market. Hence, companies should work closely with governments and healthcare organizations to introduce standardization of processes to make devices easily and instantly available in the market.
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Innovations in polymer & prosthetic meshes are growing prominent in the hernia repair devices industry. There is a demand for continuous R&D to make design improvements in polymer and prosthetic meshes.
Med-tech companies in the market are making products available in various styles. Hernia mesh products are being extensively used for the reconstruction of anatomical abnormalities and for surgical repair applications. The U.S. holds lucrative revenue opportunities for med-tech companies, since mesh materials are a popular choice for more than 80% of hernia repairs in patients.
Mature healthcare infrastructure of North America and rapidly growing healthcare architecture in Asia Pacific are grabbing the attention of companies in the hernia repair devices market.
High demand and adoption of hernia repair devices in the U.S. accounts for major revenue share of the regional market. The increasing adoption of biologic mesh devices in the U.S. is translating into incremental opportunities for med-tech companies.
Besides, Asia Pacific is being publicized for the rise in technology breakthroughs, medical tourism, low-cost treatment availability, and increased healthcare reimbursements programs.
Hamper Market: Key Restraints
Attribute | Detail |
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Market Size Value in 2020 | US$ 5.5 Bn |
Market Forecast Value in 2028 | US$ 8.62 Bn |
Growth Rate (CAGR) | 6.9% |
Forecast Period | 2021-2028 |
Quantitative Units | US$ Bn for Value |
Market Analysis | It includes cross segment analysis at global as well as regional level. Moreover, qualitative analysis includes drivers, restraints, opportunities, key trends, and parent industry overview. |
Competition Landscape |
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Format | Electronic (PDF) + Excel |
Market Segmentation |
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Regions Covered |
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Countries Covered |
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Companies Profiled |
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Customization Scope | Available upon request |
Pricing | Available upon request |
Hernia Repair Devices Market – Segmentation
Attribute | Detail |
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Product & Equipment |
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Procedure |
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Region |
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The market is expected to reach the value of US$ 8.62 Bn by the end of 2028
The market is estimated to expand at a CAGR of 6.9% from 2021 to 2028
The hernia repair devices industry is driven by increase in incidence of hernia and technological advancements in repair devices
North America accounted for a major share of the global market
Key players in the global hernia repair devices market are Covidien plc, Ethicon, B. Braun Melsungen AG, C. R. Bard, W. L. Gore & Associates
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Hernia Repair Devices Market
4. Market Overview
4.1. Introduction
4.1.1. Definition
4.1.2. Industry Evolution / Developments
4.2. Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. Global Hernia Repair Devices Market Analysis and Forecast, 2017-2031
5. Key Insights
5.1. Key Mergers & Acquisitions
5.2. Technological Advancements
5.3. COVID-19 Pandemics Impact on Industry (value chain and short / mid/ long term impact)
6. Global Hernia Repair Devices Market Analysis and Forecast, by Product & Equipment
6.1. Introduction & Definition
6.2. Key Findings / Developments
6.3. Market Value Forecast, by Product & Equipment, 2017-2031
6.3.1. Polymer & Prosthetic Mesh
6.3.2. Biologic Materials
6.3.3. Surgical Instruments
6.3.4. Endoscopy Equipment
6.4. Market Attractiveness Analysis, by Product & Equipment
7. Global Hernia Repair Devices Market Analysis and Forecast, by Procedure
7.1. Introduction & Definition
7.2. Key Findings / Developments
7.3. Market Value Forecast, by Procedure, 2017-2031
7.3.1. Open Tension Repair
7.3.2. Tension Free Repair
7.4. Market Attractiveness Analysis, by Procedure
8. Global Hernia Repair Devices Market Analysis and Forecast, by Region
8.1. Key Findings
8.2. Market Value Forecast, by Region
8.2.1. North America
8.2.2. Europe
8.2.3. Asia Pacific
8.2.4. Latin America
8.2.5. Middle East & Africa
8.3. Market Attractiveness Analysis, by Country/Region
9. North America Hernia Repair Devices Market Analysis and Forecast
9.1. Introduction
9.1.1. Key Findings
9.2. Market Value Forecast, by Product & Equipment, 2017-2031
9.2.1. Polymer & Prosthetic Mesh
9.2.2. Biologic Materials
9.2.3. Surgical Instruments
9.2.4. Endoscopy Equipment
9.3. Market Value Forecast, by Procedure, 2017-2031
9.3.1. Open Tension Repair
9.3.2. Tension Free Repair
9.4. Market Value Forecast, by Country, 2017-2031
9.4.1. U.S.
9.4.2. Canada
9.5. Market Attractiveness Analysis
9.5.1. By Product & Equipment
9.5.2. By Procedure
9.5.3. By Country
10. Europe Hernia Repair Devices Market Analysis and Forecast
10.1. Introduction
10.1.1. Key Findings
10.2. Market Value Forecast, by Product & Equipment, 2017-2031
10.2.1. Polymer & Prosthetic Mesh
10.2.2. Biologic Materials
10.2.3. Surgical Instruments
10.2.4. Endoscopy Equipment
10.3. Market Value Forecast, by Procedure, 2017-2031
10.3.1. Open Tension Repair
10.3.2. Tension Free Repair
10.4. Market Value Forecast, by Country/Sub-region, 2017-2031
10.4.1. Germany
10.4.2. U.K.
10.4.3. France
10.4.4. Italy
10.4.5. Spain
10.4.6. Rest of Europe
10.5. Market Attractiveness Analysis
10.5.1. By Product & Equipment
10.5.2. By Procedure
10.5.3. By Country/Sub-region
11. Asia Pacific Hernia Repair Devices Market Analysis and Forecast
11.1. Introduction
11.1.1. Key Findings
11.2. Market Value Forecast, by Product & Equipment, 2017-2031
11.2.1. Polymer & Prosthetic Mesh
11.2.2. Biologic Materials
11.2.3. Surgical Instruments
11.2.4. Endoscopy Equipment
11.3. Market Value Forecast, by Procedure, 2017-2031
11.3.1. Open Tension Repair
11.3.2. Tension Free Repair
11.4. Market Value Forecast, by Country/Sub-region, 2017-2031
11.4.1. China
11.4.2. Japan
11.4.3. India
11.4.4. Australia & New Zealand
11.4.5. Rest of Asia Pacific
11.5. Market Attractiveness Analysis
11.5.1. By Product & Equipment
11.5.2. By Procedure
11.5.3. By Country/Sub-region
12. Latin America Hernia Repair Devices Market Analysis and Forecast
12.1. Introduction
12.1.1. Key Findings
12.2. Market Value Forecast, by Product & Equipment, 2017-2031
12.2.1. Polymer & Prosthetic Mesh
12.2.2. Biologic Materials
12.2.3. Surgical Instruments
12.2.4. Endoscopy Equipment
12.3. Market Value Forecast, by Procedure, 2017-2031
12.3.1. Open Tension Repair
12.3.2. Tension Free Repair
12.4. Market Value Forecast, by Country/Sub-region, 2017-2031
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Rest of Latin America
12.5. Market Attractiveness Analysis
12.5.1. By Product & Equipment
12.5.2. By Procedure
12.5.3. By Country/Sub-region
13. Middle East & Africa Hernia Repair Devices Market Analysis and Forecast
13.1. Introduction
13.1.1. Key Findings
13.2. Market Value Forecast, by Product & Equipment, 2017-2031
13.2.1. Polymer & Prosthetic Mesh
13.2.2. Biologic Materials
13.2.3. Surgical Instruments
13.2.4. Endoscopy Equipment
13.3. Market Value Forecast, by Procedure, 2017-2031
13.3.1. Open Tension Repair
13.3.2. Tension Free Repair
13.4. Market Value Forecast, by Country/Sub-region, 2017-2031
13.4.1. GCC Countries
13.4.2. South Africa
13.4.3. Rest of Middle East & Africa
13.5. Market Attractiveness Analysis
13.5.1. By Product & Equipment
13.5.2. By Procedure
13.5.3. By Country/Sub-region
14. Competition Landscape
14.1. Market Player - Competition Matrix (by tier and size of companies)
14.2. Market Share Analysis, by Company, 2020
14.3. Company Profiles
14.3.1. Covidien plc
14.3.1.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.1.2. Financial Analysis
14.3.1.3. Growth Strategies
14.3.1.4. SWOT Analysis
14.3.2. Ethicon
14.3.2.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.2.2. Financial Analysis
14.3.2.3. Growth Strategies
14.3.2.4. SWOT Analysis
14.3.3. B. Braun Melsungen AG
14.3.3.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.3.2. Financial Analysis
14.3.3.3. Growth Strategies
14.3.3.4. SWOT Analysis
14.3.4. C. R. Bard
14.3.4.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.4.2. Financial Analysis
14.3.4.3. Growth Strategies
14.3.4.4. SWOT Analysis
14.3.5. W. L. Gore & Associates
14.3.5.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.5.2. Financial Analysis
14.3.5.3. Growth Strategies
14.3.5.4. SWOT Analysis
14.3.6. LifeCell Corporation
14.3.6.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.6.2. Financial Analysis
14.3.6.3. Growth Strategies
14.3.6.4. SWOT Analysis
14.3.7. Cook Medical
14.3.7.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.7.2. Financial Analysis
14.3.7.3. Growth Strategies
14.3.7.4. SWOT Analysis
14.3.8. Integra Li.
14.3.8.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.8.2. Financial Analysis
14.3.8.3. Growth Strategies
14.3.8.4. SWOT Analysis
14.3.9. Stryker Corporation
14.3.9.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.9.2. Financial Analysis
14.3.9.3. Growth Strategies
14.3.9.4. SWOT Analysis
List of Tables
Table 01: Global Hernia Repair Devices Market Value (US$ Mn) Forecast, by Product & Equipment, 2017-2028
Table 02: Global Hernia Repair Devices Market Value (US$ Mn) Forecast, by Procedure, 2017-2028
Table 03: Global Hernia Repair Devices Market Value (US$ Mn) Forecast, by Region, 2017-2028
Table 04: North America Hernia Repair Devices Market Value (US$ Mn) Forecast, by Country, 2017-2028
Table 05: North America Hernia Repair Devices Market Value (US$ Mn) Forecast, by Product & Equipment, 2017-2028
Table 06: North America Hernia Repair Devices Market Value (US$ Mn) Forecast, by Procedure, 2017-2028
Table 07: Europe Hernia Repair Devices Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017-2028
Table 08: Europe Hernia Repair Devices Market Value (US$ Mn) Forecast, Product and Equipment, 2017-2028
Table 09: Europe Hernia Repair Devices Market Value (US$ Mn) Forecast, Procedure, 2017-2028
Table 10: Asia Pacific Hernia Repair Devices Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017-2028
Table 11: Asia Pacific Hernia Repair Devices Market Value (US$ Mn) Forecast, by Product & Equipment, 2017-2028
Table 12; Asia Pacific Hernia Repair Devices Market Value (US$ Mn) Forecast, by Procedure, 2017-2028
Table 13: Latin America Hernia Repair Devices Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017-2028
Table 14: Latin America Hernia Repair Devices Market Value (US$ Mn) Forecast, by Product and Equipment, 2017-2028
Table 15: Latin America Hernia Repair Devices Market Value (US$ Mn) Forecast, by Procedure, 2017-2028
Table 16: Middle East & Africa Hernia Repair Devices Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017-2028
Table 17: Middle East & Africa Hernia Repair Devices Market Value (US$ Mn) Forecast, by Product & Equipment, 2017-2028
Table 18: Middle East & Africa Hernia Repair Devices Market Value (US$ Mn) Forecast, by Procedure, 2017-2028
List of Figures
Figure 01: Global Hernia Repair Devices Market Value Share Analysis, by Product & Equipment, 2021 and 2028
Figure 02: Global Hernia Repair Devices Market Value Share Analysis, by Procedure, 2021 and 2028
Figure 03: Global Hernia Repair Devices Market Attractiveness Analysis, by Product and Equipment, 2021-2028
Figure 04: Global Hernia Repair Devices Market Attractiveness Analysis, by Procedure, 2021-2028
Figure 05: Global Hernia Repair Devices Market Value Share Analysis, by Region, 2021 and 2028
Figure 06: Global Hernia Repair Devices Market Attractiveness Analysis, by Region, 2021-2028
Figure 07: North America Hernia Repair Devices Market Value (US$ Mn) Forecast, 2017-2028
Figure 08: North America Hernia Repair Devices Market Value Share Analysis, by Country, 2021 and 2028
Figure 09: North America Hernia Repair Devices Market Attractiveness Analysis, by Country, 2021-2028
Figure 10: North America Hernia Repair Devices Market Value Share Analysis, by Product & Equipment, 2021 and 2028
Figure 11: North America Hernia Repair Devices Market Attractiveness Analysis, by Procedure, 2021-2028
Figure 12: Europe Hernia Repair Devices Market Value (US$ Mn) Forecast, 2017-2028
Figure 13: Europe Hernia Repair Devices Market Value Share Analysis, by Country/Sub-region, 2021 and 2028
Figure 14: Europe Hernia Repair Devices Market Attractiveness Analysis, by Country/Sub-region, 2021-2028
Figure 15: Europe Hernia Repair Devices Market Value Share Analysis, by Product & Equipment, 2021 and 2028
Figure 16: Europe Hernia Repair Devices Market Attractiveness Analysis, by Procedure, 2021-2028
Figure 17: Asia Pacific Hernia Repair Devices Market Value (US$ Mn) Forecast, 2017-2028
Figure 18: Asia Pacific Hernia Repair Devices Market Value Share Analysis, by Country/Sub-region, 2021 and 2028
Figure 19: Asia Pacific Hernia Repair Devices Market Attractiveness Analysis, by Country/Sub-region, 2021-2028
Figure 20: Asia Pacific Hernia Repair Devices Market Value Share Analysis, by Product & Equipment, 2021 and 2028
Figure 21: Asia Pacific Hernia Repair Devices Market Attractiveness Analysis, by Procedure, 2021-2028
Figure 22: Latin America Hernia Repair Devices Market Value Share Analysis, by Country/Sub-region, 2021 and 2028
Figure 23: Latin America Hernia Repair Devices Market Attractiveness Analysis, by Country/Sub-region, 2021-2028
Figure 24: Latin America Hernia Repair Devices Market Attractiveness Analysis, by Product & Equipment, 2021-2028
Figure 25: Latin America Hernia Repair Devices Market Attractiveness Analysis, by Procedure, 2021-2028
Figure 26: Middle East & Africa Hernia Repair Devices Market Value Share Analysis, by Country/Sub-region, 2021 and 2028
Figure 27: Middle East & Africa Hernia Repair Devices Market Attractiveness Analysis, by Country/Sub-region, 2021-2028
Figure 27: Middle East & Africa Hernia Repair Devices Market Attractiveness Analysis, by Procedure, 2021-2028