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The hernia repair devices market share is expected to increase by USD 1.99 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 6.96%.
This hernia repair devices market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers hernia repair devices market segmentation by product (hernia repair mesh products and hernia repair fixation devices) and geography (North America, Europe, APAC, and ROW). The hernia repair devices market report also offers information on several market vendors, including Atrium Medical Corp., B. Braun Melsungen AG, Becton Dickinson and Co., Cook Group Inc., Cousin-Biotech, Herniamesh srl, Johnson and Johnson Inc., Medtronic Plc, pfm medical ag, and W. L. Gore and Associates Inc. among others.
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Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The wide acceptance of tension-free repair procedures is notably driving the hernia repair devices market growth, although factors such as complications and risks associated with hernia repair devices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the hernia repair devices industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Hernia Repair Devices Market Driver
The wide acceptance of tension-free repair procedures is one of the drivers of the hernia repair devices market growth. Lichtenstein hernioplasty is considered to be the gold-standard tension-free repair procedure, which is widely practiced by surgeons. This procedure involves the use of a piece of mesh to bridge the hernia and decrease the tension on the weakened abdominal wall. Low recurrence rate, minimum post-operative problems, reduced periods of hospitalization, rapid healing, and short recovery time are the advantages of these techniques. Tension-free repair procedures involve the usage of advanced lightweight mesh. These lightweight mesh products are always preferred over heavy-weight mesh products as the latter triggers an inflammatory response resulting in mesh shrinkage. Like the Lichtenstein technique, laparoscopy is a tension-free MI hernia repair technique that is increasingly gaining popularity among surgeons. Though at present, the penetration rate for this technique is relatively low compared with the Lichtenstein technique, it has the potential to become a gold standard technique replacing the former in the coming years. Laparoscopy has already evolved into one of the gold-standard methods for general, urology, and bariatric surgeries. Thus, wide acceptance of the Lichtenstein technique and an increase in the adoption of laparoscopy will have a positive impact on the market growth during the forecast period.
Key Hernia Repair Devices Market Trend
Technological advances are one of the drivers of the hernia repair devices market growth. Continuous improvements/upgrades in technologies will lead to the commercialization of innovative hernia repair devices, thereby contributing to the growth of the market. Owing to this, vendors are focusing on R&D activities to offer advanced hernia repair devices to end-users. Of late, the market has witnessed an increase in demand for safe and efficacious products like composite mesh with advanced technology. Vendors have developed self-fixating mesh products and articulating fixation devices to minimize risks and complications associated with surgical procedures. These advanced fixation devices help surgeons to access weak spots within the abdomen easily and securely tack a mesh onto the affected place.
Key Hernia Repair Devices Market Challenge
Complications and risks associated with hernia repair devices are one of the major challenges to the hernia repair devices market growth. The migration or contracting of a mesh after implantation for ventral or abdominal hernia repairs can cause hernia recurrence. Inguinal hernias have a recurrence rate of 1.2%-7%. The recurrence of ventral hernias is 23.8% after the initial repair procedure. High mesh contraction can pull out the staples holding the mesh in place, leaving behind holes in the fascia and causing debilitating pain that may last for several years. Also, post-operative infections in patients are another major complication associated with hernia repair; if left untreated may become serious and may even lead to death. In patients with diabetes and people with low immunity, mesh-related infections are high. Antibiotic-resistant bacteria tend to develop on the hernia mesh biofilms causing pneumonia and other bacterial infections, which become difficult to treat. So, the patients need to be administered high doses of antibiotics for long periods (months or even years). Migration of mesh into other organs causes complications such as bowel perforation, colostomy, and sometimes even death.
This hernia repair devices market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global hernia repair devices market as part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the hernia repair devices market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the hernia repair devices market encompasses successful business strategies deployed by the key vendors. The hernia repair devices market is fragmented and the vendors are deploying growth strategies such as investing in R&D to expand their product portfolios to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The hernia repair devices market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the hernia repair devices market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the healthcare equipment market includes the following core components:
The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Customer landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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