Hernia Repair Devices Market to Reach USD 12.3 Billion by 2033 with a 9.4% CAGR

Hernia Repair Devices Market

The global Hernia Repair Devices Market is set for significant growth, with its valuation projected to rise from USD 5.0 billion in 2023 to USD 12.3 billion by 2033. This expansion, fueled by a robust CAGR of 9.4%, highlights the increasing demand for advanced medical solutions to address hernia-related conditions.

The rise in hernia cases worldwide, driven by factors such as aging populations, lifestyle changes, and increasing obesity rates, underscores the importance of innovative repair solutions. Hernia repair devices are pivotal in modern healthcare, offering minimally invasive options that reduce recovery times and improve patient outcomes.

Market players are focusing on the development of advanced surgical meshes, robotic-assisted systems, and laparoscopic tools to enhance precision and efficiency. With growing healthcare investments and increased awareness among patients, the market is poised for sustained growth over the next decade.

Key Takeaways:

• The Hernia Repair Devices Market is projected to grow at a CAGR of 9.4% during 2023–2033.
• Market valuation is expected to increase from USD 5.0 billion in 2023 to USD 12.3 billion by 2033.
• Key drivers include the rising prevalence of hernia cases and the growing adoption of minimally invasive surgical techniques.
• Advances in technology, such as robotic and laparoscopic systems, are shaping the future of hernia repair solutions.

As the global healthcare industry prioritizes innovation and efficiency, the hernia repair devices market is well-positioned to play a critical role in improving surgical outcomes and addressing a widespread medical need.

Various factors propelling the demand for hernia repair devices:

• Obesity, carrying heavy objects, diarrhea or constipation, continuous coughing, poor nutrition, smoking, and overexertion all contribute to an increase in the occurrence of hernias.
• The attractive reimbursement environment for hernia repair devices encourages patients to choose open or laparoscopic surgery. Patients can easily acquire comprehensive reimbursement codes and ratios, since both the government and key industry stakeholders make them public.
• Rising healthcare spending and increased understanding of various surgeries in developing nations are the factors driving market expansion.
• Growing popularity of minimally invasive procedures and the development of robotic suturing are also driving up the number of surgical procedures performed, which in turn increases market revenue.
• Another factor anticipated to boost the expansion of the hernia repair devices market is the introduction of biologic allograft mesh, which has a quick recovery time and reduces post-surgery pain compared to other choices.
• Globally high hernia incidence and better outcomes for patients from the use of meshes, which shorten surgical and recuperation times, are some of the factors anticipated to boost the market expansion.
• Pain relief and a decreased risk of recurrence are only a couple of the benefits of utilizing meshes in hernia repair, both of which are anticipated to spur sales growth.

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Key Market Drivers

• Increasing Incidence of Hernias: The rising prevalence of hernias, particularly inguinal and umbilical hernias, is a primary factor driving demand for hernia repair devices. The high number of surgical procedures performed annually significantly contributes to market growth.
• Technological Advancements: Innovations in surgical techniques and the development of advanced hernia mesh materials are enhancing the effectiveness and safety of hernia repairs.
• Growing Awareness and Demand: Increased awareness about the risks associated with untreated hernias and the benefits of surgical repair is leading more patients to seek treatment.

Market Insights

• Market Size Growth: The market is expected to grow from USD 5.0 billion in 2023 to USD 12.3 billion by 2033, indicating a robust demand for effective hernia repair solutions.
• Geographical Trends: North America is anticipated to dominate the market, driven by a high incidence of hernia surgeries and the presence of major medical device manufacturers.
• Product Segmentation: The market includes various types of devices such as meshes, fixation devices, and sutures, with mesh products being particularly prevalent due to their effectiveness in supporting tissue healing.

Competitive Landscape

In order to stay competitive in the market, the leading companies in the global hernia repair devices sector to spend the majority of their time and resources on research and development projects for the production of cutting-edge culture media. Businesses are also concentrating on getting the appropriate government and organization to approve their culture media products.

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), and DynaMesh are some of the leading manufacturers of hernia repair devices (FEG Textiltechnik).

These players focus on taking strategic initiatives, such as collaborations, the introduction of new products, and commercialization, to support the sector’s expansion in the hernia repair device industry. Manufacturers of hernia repair devices are also heavily investing in research for developing ground-breaking new hernia repair methods and increasing revenue.

Latest Developments:

The United States Food and Medication Administration granted Ariste Medical 510(k) authorization in April 2022 to market its synthetic hernia mesh with drug embedding in the country.

The United States Food and Drug Administration (FDA) awarded 510(k) clearance for Medtronic plc’s PillCam small bowel 3 system for remote endoscopic treatments in November 2021.

Key Companies Profiled

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); and DynaMesh (FEG Textiltechnik)

Key Segments Covered in the Hernia Repair Devices Market Report

By Product:

• Hernia Mesh
• Biologic
• Synthetic
• Fixation Devices
• Tack
• Sutures
• Glue Applicators

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
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific excluding Japan (APEJ)
• Japan
• Middle East & Africa (MEA)

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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