The Global Hernia Repair Devices and Consumables Market Estimated to Acquire $6387.8 Million in Revenue by 2028

According to Triton’s report, the global hernia repair devices and consumables market, which gathered $3689.4 million in 2020, is predicted to register growth at 3.80% of CAGR by 2028.

A recent study by Triton Market Research titled ‘Global Hernia Repair Devices and Consumables Market’ entails the Global Analysis and Forecasts by Surgery Type (Laparoscopic Surgery, Open Tension-Free Repair Surgery), Hernia Type (Umbilical Hernia, Incisional Hernia, Femoral Hernia, Inguinal Hernia, Other Hernia), Component (Fixation Devices [Tack (Non-Absorbable Tack, Absorbable Tack), Other Fixation Devices], Consumables [Biological Material Mesh, Synthetic Material Mesh (Non-Absorbable Mesh, Absorbable Mesh)]), and by Geography (North America, Europe, Latin America, Asia-Pacific, Middle East and Africa).

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Triton’s report alludes that the global hernia repair devices and consumables market is projected to advance based on the value at a CAGR of 3.80% during the phase of 2021-2028. It is further estimated to showcase revenue worth $6387.8 million by 2028.

A hernia condition refers to the weakening of muscles present in the abdominal area’s inner layers, with the abdomen lining protruding to develop into a small sac-like structure. The surgeries performed to treat hernia include laparoscopic surgeries and open tension-free repair surgery.

Factors such as the increasing occurrence of hernia diseases, along with the growing acceptance of tension-free repair procedures, are motivating the growth of the hernia repair devices and consumables market. Hernia repair is among the widely performed surgeries globally, and is highly prevalent among men compared to women. This condition is related to serval risk factors, such as smoking, age, obesity, and an unhealthy lifestyle. Additionally, the occurrence of hernia is higher among the older population, owing to aging-related conditions, including bronchitis. Hence, the growing prevalence of hernia diseases significantly enhances the demand for repair devices for treatment, thereby boosting the studied market on a growth path.

However, the high cost of hernia repair procedures and inadequate reimbursement policies, are key factors restricting the overall development of the hernia repair devices and consumables market.

The hernia repair devices and consumables market is broadly segmented into surgery type, hernia type, and component. In terms of surgery type, it is bifurcated into laparoscopic surgery and open tension-free repair surgery. Similarly, hernia type is sectioned into the umbilical hernia, incisional hernia, femoral hernia, inguinal hernia, and other hernia. The component section is divided into fixation devices and consumables, with fixation devices further subdivided into tack and other fixation devices. Here, tack is branched into a non-absorbable tack and absorbable tack. Further, consumables are categorized into biological material mesh and synthetic material mesh, with synthetic material mesh sub-sectioned into a non-absorbable mesh and absorbable mesh.

Geographically, Asia-Pacific is expected to become the fastest-growing region in the hernia repair devices and consumables market over the reviewed period 2021-2028. The region’s growth is mainly due to the growing occurrence of hernia diseases. Additionally, the improvement in healthcare facilities, growing medical tourism, and surging healthcare spending, are other factors contributing to the studied market’s evolution. Among the region’s nations, India, China, and Japan are considered to possess several growth opportunities, owing to a high geriatric population base. These factors are majorly adding to the growth of the hernia repair devices and consumables market across Asia-Pacific.

WL Gore & Associates, The Cooper Companies Inc, Via Surgical Ltd, CR Bard Inc, Johnson and Johnson (Ethicon Inc), Herniamesh SRL, Allergan Plc, Zimmer Biomet Inc, Medtronic Plc, B Braun Melsungen AG, Baxter International Inc, Cook Medical Inc, Cryolife Inc, and Integra Lifesciences Corporation are established companies thriving in the market.

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Question & Answer: Hernia Repair Devices and Consumables Market
Question 1: What factors are motivating the growth of the hernia repair devices and consumables market?
Answer: Factors such as the increasing occurrence of hernia diseases, along with the growing acceptance of tension-free repair procedures, are motivating the growth of the hernia repair devices and consumables market.
Hernia repair is among the widely performed surgeries globally, and is highly prevalent among men compared to women. This condition is related to serval risk factors, such as smoking, age, obesity, and an unhealthy lifestyle. Additionally, the occurrence of hernia is higher among the older population, owing to aging-related conditions, including bronchitis. Hence, the growing prevalence of hernia diseases significantly enhances the demand for repair devices for treatment, thereby boosting the studied market on a growth path.

Question 2: What factors are restricting the development of the hernia repair devices and consumables market?
Answer: The high cost of hernia repair procedures and inadequate reimbursement policies, are key factors restricting the overall development of the hernia repair devices and consumables market.

Question 3: Which region is expected to become the fastest-growing in the hernia repair devices and consumables market?
Answer: Geographically, Asia-Pacific is expected to become the fastest-growing region in the hernia repair devices and consumables market over the reviewed period 2021-2028. The region’s growth is mainly due to the growing occurrence of hernia diseases. Additionally, the improvement in healthcare facilities, growing medical tourism, and surging healthcare spending, are other factors contributing to the studied market’s evolution. Among the region’s nations, India, China, and Japan are considered to possess several growth opportunities, owing to a high geriatric population base. These factors are majorly adding to the growth of the hernia repair devices and consumables market across Asia-Pacific.

Question 4: Which are the established companies thriving in the hernia repair devices and consumables market?
Answer: WL Gore & Associates, The Cooper Companies Inc, Via Surgical Ltd, CR Bard Inc, Johnson and Johnson (Ethicon Inc), Herniamesh SRL, Allergan Plc, Zimmer Biomet Inc, Medtronic Plc, B Braun Melsungen AG, Baxter International Inc, Cook Medical Inc, Cryolife Inc, and Integra Lifesciences Corporation are established companies thriving in the market.

Related Report:
Global Bariatric Surgery Market
The global bariatric surgery market is calculated to exhibit growth in its revenue during 2019-2028 at a CAGR of 9.41%. It is also expected to reap revenue worth $4913.1 million by 2028.

Bariatric surgery or weight loss surgery is one of the major procedures for treating obesity among patients. Generally, patients choose this procedure when other methods to lose weight fail.

Factors such as the growing obesity rate among the population and the increasing occurrence of diabetes and cardiac diseases, are stimulating the studied market’s progression. Besides, the technological enhancements and rise in government initiatives regarding obesity, are generating new opportunities for the bariatric surgery market.

However, the lack of awareness among patients and the elevated cost of these procedures are limiting the overall development of the global bariatric surgery market.

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