Industry Insights
The global hernia repair market was valued at USD 4.09 billion in 2016. Increasing pool of obese patients, rising geriatric population and increasing demand for minimally invasive procedures are driving the market over the forecast period. Increasing adaptation of tension-free repair process is the key factor driving the growth of the global market.
North America hernia repair market revenue, by product, 2014 - 2024 (USD Billion)
Increasing incidences of inguinal hernia across the globe are expected to increase the demand for hernia repair products. Increasing technological sophistication in products such as articulating fixation products and self-fixation mesh is capable of overcoming shortcomings of laparoscopic surgeries. These devices enable easy determination of weak spot in the abdominal wall, followed by effective placement of the mesh. The mesh fixation at a complex site is one of the biggest challenges faced by the surgeons as it increases the rate of recurrence and infection.
To overcome such challenges, manufacturers are focusing on developing flexible and self-fixation mesh. Furthermore, companies are focusing on developing advanced mesh to curb the sepsis caused by the synthetic mesh. For instance, Ariste Medical have developed drug-eluting mesh to control infection, used in ventral hernia repair surgery.
However, lack of adequate reimbursement policies, stringent regulations on robotic surgery and the high cost of these repair procedures are expected to hamper the growth over the projected period. Moreover, a higher rate of mesh fixation failure in geriatric and obese patients owing to weak muscles thereby increases the risk of recurrence. This factor might negatively affect the acceptance of hernia repair products.
Segmentation by Product
• Consumables
• Synthetic mesh
• Biologic mesh
• Surgical Devices
Consumables segment held larger market share in 2016 and expected to grow at the highest CAGR over the forecast period. In the consumables section, synthetic mesh dominates the global hernia repair market. However, the biologic mesh is supposed to grow at fastest CAGR owing to increasing preference in developed countries coupled with several benefits over the former.
Furthermore, factors such as high risk of infection, foreign body reaction and chronic inflammation associated with synthetic mesh are expected to boost the uptake of biologic mesh in coming years. However, high costs associated with the biologic mesh is projected to restrict its growth in developing countries.
Segmentation by Procedure
• Tension free
• Open hernia repair
• Laparoscopic
Open hernia repair procedure dominates the market in 2016 as this is the most widely employed technique and possess various advantages over laparoscopic surgery. This process requires standard surgical equipment and patients can return to normal active life within 1 – 2 week. However, tension free procedure is expected to gain momentum over the forecast period. Tension-free is a minimally invasive procedure, hence expected to get momentum over the forecast period.
Segmentation by Region
• North America
• U.S.
• Europe
• Germany
• Asia Pacific
• China
• Central & South America
• Brazil
• Middle East & Africa
• UAE
In 2016, North America dominates with 39.5% market share owing to the increasing incidences of several types of hernia and the growing use of biologic mesh. Furthermore, high acceptance and use of technologically advanced products, improved healthcare infrastructure, and presence of favorable reimbursement policies support market growth in this region.
Followed by North America, Europe held the second spot, growing at a CAGR of 6.0% over the projected period. Germany held the larger market share of the Europe in 2016 due to the presence of mesh and devices manufacturers. Also, growing acceptance of biologic mesh and increasing penetration advanced technology is driving the scope for these products in Germany.
Asia Pacific is expected to exhibit fastest growth rate in the forecast period. Increasing medical tourism in India, Singapore, and Thailand is expected to drive the hernia repair products market in the region.
Among the Asian countries, China’s dominant position is due to the increasing acceptance of tension-free repair procedure, increase in healthcare spending and presence of healthcare insurance. Furthermore, improving healthcare infrastructure and easy access to advanced healthcare technology and affordability of these surgeries are expected to impact the growth positively.
Competitive Landscape
Players such as Ethicon, Inc., Medtronic, C.R.Bard and Cook Medical dominates this market. Some of the other vendors observed are Baxter International, B Braun Melsungen AG, Atrium, W.L. Gore & Associates, LifeCell Corporation, Aspide Medical, Cousin Biotech and Dipro Medical Devices Slr.
