The global hernia market size is estimated to reach USD 5,550.0 Million by 2025. The global hernia repair market has shown significant growth in recent times. Rising investment in the research and development sector and invention of new products contributes to the global hernia repair market. In addition, favorable healthcare system and increasing number of hernia patients to further boost the hernia repair market globally.
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However, competition in the medical device industries and laws & governmental regulation affects the hernia repair market globally. For instance, in 2018, US FDA announced, hernia mesh manufacturers to recall mesh due to the some serious complications caused post-surgery such as organ perforation and adhesion. Such stringent regulations limit the entrance of new manufacturers in the market. Hence, creating high entry barrier for new companies.
Segmentation of hernia repair are done on the basis of product, procedure and region. In product segment, consumables are projecting the global hernia market ahead because it is widely used by the surgeons in case of prevention of recurrence of hernia across the world. Consumables are further classified into synthetic and biological mesh. In 2018, the synthetic mesh was leading the market segment due to more stability as compared to biological mesh.
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On the basis of procedure, open hernia repair has highest share in global hernia repair market and is expected to remain same in the forthcoming year. Tension free hernia repair procedure is the likely to be the fastest growing treatment with a CAGR of 5.2% from 2019-2025 and is expected to show a similar trend over the forecast period because it prevents the growth of new tissue around the abdominal wall and creates the permanent repair over the time. Hence adoption of tension free hernia repair procedure drive the global hernia repair market.
On the basis of region North America has led the global hernia repair market in 2018, due to the rising of demand of consumables and synthetic mesh across the region. In addition, more than 1 million hernia patients have been treated with surgical procedures for hernia repair in the U.S, per year. Which further contributes to the growth of hernia repair market globally.
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Asia-Pacific is the anticipated to be the fastest growing market for hernia repair treatment with the CAGR of 4.5%. Emerging economies such as China and India and favorable healthcare industry and risng awareness of hernia repair procedures are further increasing the growth of regional market. In 2018, China and India had highest share in the global hernia repair market and are expected to remain the same due to the development of new technologies and increased obese and geriatric population across the region.
The competitive landscape of the global hernia market includes Medtronic, C.R.Bard, Baxter International, Cook Medical, B Braun Melsungen AG, Atrium, W.L. Gore & Associates, LifeCell Corporation, Aspide Medical, Cousin Biotech, Ethicon, Inc., and Dipro Medical Devices Slr. In October 2019, FDA approved Exogenesis nano-modified hernia mesh, which is made by using accelerated neutral atom beam technology.
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Key segments of the global hernia repair market
Product Overview, 2018-2025 (USD Million)
Procedure Overview, 2018-2025 (USD Million)
Regional Overview, 2018-2025 (USD Million)
Central & South America
Middle East & Africa