The global hernia repair devices market size was evaluated at USD 4.86 billion in 2022 and is expected to attain around USD 7.97 billion by 2032, growing at a CAGR of 5.07% from 2023 to 2032.
The market is primarily driven by increased rates of chronic respiratory disorders and rise in home healthcare demand. This can be attributed to the growing elderly population who suffers from numerous chronic conditions that may need hernia repair devices or oxygen assistance. The incidence of respiratory disorders has increased, which has led to a rise in the need for hernia repair device equipment.
Other factors contributing to this rise in prevalence include rise in levels of air pollution, and the population's smoking habits, particularly among youth. Nearly 12 million individuals in the U.S. have been diagnosed with chronic obstructive pulmonary disease (COPD), and 120,000 people pass away from it every year, according to the National Institutes of Health (NIH). The Global Asthma Network (GAN) reports that about 334 million people globally suffer from asthma.
Report Highlights:
The market leader in 2022 was the hernia mesh category as a result of the widespread use of these products. The primary driving forces behind the expansion of this market segment are the ability to provide long-term tensile strength to prevent a recurrence. The open surgery segment is anticipated to dominate the market during the forecast period due to benefits such as fewer complications after the surgery and the low cost of such surgeries. Inguinal hernias also dominated the market due to other variables like patient acceptance due to tension-free treatments and widespread utilization of these surgical procedures.
Hernia Repair Devices Market Report Scope:
| Report Coverage | Details |
| Market Revenue in 2023 | USD 5.11 Billion |
| Projected Forecast Revenue in 2032 | USD 7.97 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 5.07% |
| Largest Market | North America |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Regional Snapshots:
North America held the majority of the market share in terms of revenue in 2022, due to the presence of significant players. Some factors driving the market expansion in North America are sedentary lifestyles, an aging population, and a high prevalence of hernia recurrence. Additionally, increasing healthcare costs and quicker FDA approvals are contributing to the market growth in the area. Revenue is anticipated to expand at the fastest rate in the Asia-Pacific over the projection period.
Some factors driving the market in this area are rising healthcare reimbursements, cheap treatment options, increasing medical tourism, and technological breakthroughs. In addition, a big patient pool is driving the demand for hernia repair devices in Asian nations, particularly Japan and China. Due to the high number of undiagnosed and untreated cases, the region is anticipated to witness strong growth, which is anticipated to further fuel the expansion of the market there. Increasing awareness regarding the availability of treatment for hernia that prevents the recurrence of the disease will have a positive impact on the market growth during the forecast period.
Market Dynamics:
Drivers:
One of the most frequently performed surgical procedures worldwide is hernia repair. As compared to women, men are at a higher risk of hernia. Inguinal hernia affects 2% of women and 25% of men. There are many risk factors like obesity, age, and unhealthy lifestyle. Adults experience approximately 75% of hernias in the groin, which has increased the use of hernia repair devices among the population.
Demand for effective hernia repair is growing due to the increased hernia incidence, which is anticipated to accelerate market expansion over the forecast period. One of the major drivers contributing to the hernia repair devices market growth is the availability and improvement in the existing healthcare infrastructure available in developed as well as in developing nations across the world that have provided inexpensive treatment and early detection of hernia in women as well as in men. The growing geriatric population is another leading cause of cases of hernia which is expected to have a positive impact on the hernia repair devices market during the forecast period.
Restraints:
The market for hernia repair devices may experience slow growth shortly due to the high cost of hernia repair treatments and unfavorable reimbursement standards. Hernia repair device adoption may be impacted by the high cost of hernia repair procedures, the availability of non-mesh repair as a substitute, and the added cost of hernia repair surgery. On the other hand, the development of novel hernia goods like biological mesh and the sizable market potential for hernia repair devices in developing countries is anticipated to offer the hernia repair devices market promising growth prospects. Even though the reimbursement policies in developing nations across the globe are favorable most of the population cannot afford these reimbursement policies; due to which the adoption of these hernia repair devices in developing nations is relatively less as compared to that in the developed nations. The use of advanced products is less in some of the developing nations due to the expensive nature of these products.
Opportunities:
The development of effective hernia repair devices is made possible by the development of mesh systems for hernia repair. Mesh systems are utilized to repair hernias because they enable the restoration of the abdominal wall and have a quicker recovery time than conventional open repair techniques. Propylene mesh is used extensively as this product reduces the chances of hernia from returning. Hernia repair procedures make use of propylene mesh, and this is expected to drive market growth. Mesh products are used in the United States and the number of surgeries done with the use of these products is estimated to be about 80%.
Challenges:
The adoption of more advanced, but more expensive medical gadgets and technology has also been hampered by a change in who makes decisions in hospitals, from surgeons and nurses to hospital executives and accountants. Therefore, as a cost-saving measure, before deploying any new surgical instruments, implants, or procedures, most hospitals perform a cost-benefit study. The increased price of technologically advanced surgical products as a result makes their adoption challenging in such areas.
Recent Developments
Major Key Players:
Market Segmentation:
By Product Type
By Surgery Type
By Procedure Type
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