Executive Summary

The global hernia repair market is expected to grow at a CAGR of around 5% during the forecast period of 2021-2026. The market growth is driven by factors such as the rising incidence of hernias, increasing awareness of the benefits of hernia repair surgeries, and technological advancements in surgical techniques and devices.

The market is segmented by type of hernia, surgery type, product type, and geography. The inguinal hernia segment is expected to hold the largest market share during the forecast period due to its high incidence rate. The tension-free hernia repair technique is expected to hold the largest market share in terms of surgery type due to its advantages over traditional hernia repair techniques.

The market is highly competitive, with major players such as Medtronic, Ethicon Inc., and B. Braun Melsungen AG holding significant market shares. The key trends in the market include the adoption of minimally invasive techniques, the development of advanced surgical devices, and the focus on product innovation and development.

Important Note: The companies listed in the image above are for reference only. The final study will cover 18–20 key players in this market, and the list can be adjusted based on our client’s requirements.

Key Market Insights

The global hernia repair market is expected to grow at a CAGR of around 5% during the forecast period of 2021-2026. The market growth is driven by several factors, including:

1. Rising incidence of hernias: The increasing incidence of hernias is a major driver of the hernia repair market. According to the World Journal of Surgery, inguinal hernias are the most common type of hernia, accounting for 75% of all hernias. The incidence of inguinal hernias is highest in males and increases with age.
2. Increasing awareness of the benefits of hernia repair surgeries: There is a growing awareness of the benefits of hernia repair surgeries, including faster recovery times, reduced risk of complications, and improved quality of life. This is driving demand for hernia repair surgeries and contributing to the growth of the hernia repair market.
3. Technological advancements in surgical techniques and devices: Advances in surgical techniques and devices are making hernia repair surgeries safer, more effective, and less invasive. This is leading to increased adoption of hernia repair surgeries and contributing to the growth of the hernia repair market.

Market Drivers

1. Rising incidence of hernias
2. Increasing awareness of the benefits of hernia repair surgeries
3. Technological advancements in surgical techniques and devices
4. Aging population
5. Increasing healthcare expenditure
6. Rising demand for minimally invasive surgeries

Market Restraints

1. High cost of hernia repair surgeries
2. Complications associated with hernia repair surgeries
3. Lack of skilled healthcare professionals 4. Stringent regulatory policies

Market Opportunities

1. Emerging markets with high unmet medical needs
2. Development of new and innovative hernia repair devices and techniques
3. Increasing focus on outpatient hernia repair surgeries
4. Growing demand for biologic mesh products

Market Dynamics

The global hernia repair market is driven by a variety of factors, including rising incidence of hernias, increasing awareness of the benefits of hernia repair surgeries, and technological advancements in surgical techniques and devices. In addition, the aging population, increasing healthcare expenditure, and rising demand for minimally invasive surgeries are also contributing to the growth of the market.

However, the market is also facing several challenges, including the high cost of hernia repair surgeries, complications associated with hernia repair surgeries, and a lack of skilled healthcare professionals. Stringent regulatory policies are also limiting the growth of the market.

Despite these challenges, there are several opportunities for growth in the hernia repair market. Emerging markets with high unmet medical needs, the development of new and innovative hernia repair devices and techniques, and the growing demand for biologic mesh products are all potential areas for growth in the market.

Regional Analysis

The hernia repair market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America is expected to hold the largest market share during the forecast period due to the high incidence of hernias in the region and the presence of major market players.

Europe is expected to hold the second-largest market share due to the growing awareness of the benefits of hernia repair surgeries and the availability of advanced surgical devices and techniques. The Asia-Pacific region is expected to grow at the fastest rate during the forecast period due to the increasing incidence of hernias, rising healthcare expenditure, and improving healthcare infrastructure.

Competitive Landscape

Leading Companies in the Hernia Repair Market:

1. Medtronic plc
2. Ethicon, Inc. (Johnson & Johnson)
3. B. Braun Melsungen AG
4. C.R. Bard, Inc. (BD)
5. W. L. Gore & Associates, Inc.
6. Cook Medical
7. Atrium Medical Corporation (Maquet Getinge Group)
8. Herniamesh S.r.l.
9. Cousin Biotech
10. Integra LifeSciences Corporation

Please note: This is a preliminary list; the final study will feature 18–20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.

Segmentation

The hernia repair market is segmented by type of hernia, surgery type, product type, and geography.

By type of hernia, the market is segmented into inguinal hernia, femoral hernia, incisional hernia, umbilical hernia, and others.

By surgery type, the market is segmented into open tension-free repair, laparoscopic tension-free repair, and others.

By product type, the market is segmented into surgical mesh, biologic materials, and others.

Category-wise Insights

The inguinal hernia segment is expected to hold the largest market share during the forecast period due to its high incidence rate. Inguinal hernias are the most common type of hernia, accounting for 75% of all hernias. The segment is also expected to grow at a steady pace due to the rising incidence of inguinal hernias.

The tension-free hernia repair technique is expected to hold the largest market share in terms of surgery type due to its advantages over traditional hernia repair techniques. The technique is less invasive, results in less pain and scarring, and has a shorter recovery time.

Key Benefits for Industry Participants and Stakeholders

The hernia repair market offers several benefits for industry participants and stakeholders, including:

1. Growing market size and demand for hernia repair surgeries
2. Opportunities for product innovation and development
3. Increasing awareness of the benefits of hernia repair surgeries and the availability of advanced surgical techniques and devices
4. Opportunities for expansion into emerging markets with high unmet medical needs
5. Potential for increased revenue and profitability

SWOT Analysis

Strengths:

1. Growing incidence of hernias
2. Increasing awareness of the benefits of hernia repair surgeries
3. Technological advancements in surgical techniques and devices
4. Strong market players with significant market shares

Weaknesses:

1. High cost of hernia repair surgeries
2. Complications associated with hernia repair surgeries
3. Lack of skilled healthcare professionals
4. Stringent regulatory policies

Opportunities:

1. Development of new and innovative hernia repair devices and techniques
2. Growing demand for biologic mesh products
3. Expansion into emerging markets with high unmet medical needs
4. Increasing focus on outpatient hernia repair surgeries

Threats:

1. Intense competition among market players
2. Price wars and pricing pressure
3. Economic slowdowns and market fluctuations
4. Stringent regulatory policies and compliance issues

Market Key Trends

1. Adoption of minimally invasive techniques: There is a growing trend towards the adoption of minimally invasive surgical techniques for hernia repair. These techniques result in less pain and scarring, faster recovery times, and lower complication rates compared to traditional open surgeries.
2. Development of advanced surgical devices: Market players are investing heavily in the development of new and innovative hernia repair devices. These devices are designed to improve surgical outcomes and reduce the risk of complications, which is driving demand for these products.
3. Focus on product innovation and development: Market players are focusing on product innovation and development to differentiate themselves from their competitors. This includes the development of new surgical techniques and devices, as well as the expansion of product lines to include biologic materials and other advanced products.

Covid-19 Impact

The Covid-19 pandemic has had a significant impact on the healthcare industry, including the hernia repair market. The pandemic has led to disruptions in the supply chain, reduced demand for elective surgeries, and a shortage of healthcare professionals.

However, the impact of the pandemic on the hernia repair market has been relatively mild compared to other medical specialties. The demand for hernia repair surgeries is likely to remain steady due to the non-elective nature of many hernia repair surgeries and the high incidence of hernias.

Key Industry Developments

1. In 2020, Medtronic launched its Hugo robotic-assisted surgery system for hernia repair surgeries. The system is designed to improve surgical outcomes and reduce the risk of complications.
2. In 2021, B. Braun Melsungen AG launched its SorbaFix absorbable fixation system for laparoscopic hernia repair surgeries. The system is designed to reduce the risk of complications and improve surgical outcomes.

Analyst Suggestions

Analysts suggest that market players should focus on product innovation and development to differentiate themselves from their competitors. This includes the development of new surgical techniques and devices, as well as the expansion of product lines to include biologic materials and other advanced products.

Market players should also focus on expanding their presence in emerging markets with high unmet medical needs, as these markets offer significant growth opportunities. Additionally, market players should invest in training and education programs to address the shortage of skilled healthcare professionals in the industry.

Future Outlook

The global hernia repair market is expected to continue to grow at a steady pace in the coming years. The market is driven by factors such as the rising incidence of hernias, increasing awareness of the benefits of hernia repair surgeries, and technological advancements in surgical techniques and devices. Market players are expected to focus on product innovation and development, expanding their presence in emerging markets, and investing in training and education programs to address the shortage of skilled healthcare professionals in the industry.

The adoption of minimally invasive techniques and the development of advanced surgical devices are expected to drive demand for hernia repair surgeries and contribute to the growth of the market. In addition, the increasing focus on outpatient hernia repair surgeries and the growing demand for biologic mesh products are expected to create new growth opportunities in the market.

However, the market is also facing several challenges, including the high cost of hernia repair surgeries, complications associated with hernia repair surgeries, and a lack of skilled healthcare professionals. Stringent regulatory policies are also limiting the growth of the market.

Conclusion

The global hernia repair market is expected to grow at a steady pace in the coming years due to the rising incidence of hernias, increasing awareness of the benefits of hernia repair surgeries, and technological advancements in surgical techniques and devices. The market is highly competitive, with major players such as Medtronic, Ethicon Inc., and B. Braun Melsungen AG holding significant market shares.

The market is facing several challenges, including the high cost of hernia repair surgeries, complications associated with hernia repair surgeries, and a lack of skilled healthcare professionals. However, there are several opportunities for growth in the market, including the development of new and innovative hernia repair devices and techniques, the growing demand for biologic mesh products, and the expansion into emerging markets with high unmet medical needs.

Overall, the hernia repair market offers significant growth potential for industry participants and stakeholders. Market players should focus on product innovation and development, expanding their presence in emerging markets, and investing in training and education programs to address the shortage of skilled healthcare professionals in the industry.