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Global Hernia Repair Devices Market is anticipated to witness a CAGR of 5% to 7% by 2027 - Key Market Players are Medtronic, B. Braun, Cook Medical, Baxter, TELA Bio

06-12-2023 09:10 AM CET | Health & Medicine

Press release from: Medi-Tech Insights

Global Hernia Repair Devices Market is anticipated to witness

Hernia repair devices offer a long-term and a permanent reinforcement to the repaired hernia and support damaged tissues around it as it recovers.

An Increasing Adoption of Hernia Mesh Products for Hernia Repair Drives the Growth of the Global Market

Hernia mesh is a biomaterials-based implant class which has been translated to clinical applications. They are majorly divided into two categories: synthetic mesh and biologic or biological mesh. The application of hernia mesh products for surgical repair or reconstruction of anatomical defects has been globally adopted. According to FDA, hernia mesh is used in almost 90% of all hernia repair surgeries.

For instance,
 In March 2023, TELA Bio, Inc announced that they have received the U.S. FDA clearance for the Company's OviTex PRS Long-Term Resorbable product.

Robotic Surgeries Opens Up New Growth Avenues in Hernia Repair Devices Market

Hernia repair is one of the common surgical procedures performed across the world. The number of hernia repair procedures has been growing and it is poised to grow further due to emerging risk parameters such as obesity, prior abdominal surgeries. Robotic surgeries has emerged as the latest technique for treating smaller hernias and reconstructing the abdominal wall. Robotic surgeries also allows the performing surgeon to easily use stitches to sew tissue and meshes inside the abdomen. Major advantages of robotic surgeries are three-dimensional images of the inside of the abdomen, smaller scars and less pain.

Rising Cases of Inguinal Hernia Fuels the Growth of Hernia Repair Devices Market

Inguinal hernias almost account for 75% of all abdominal wall hernias, with a lifetime risk of 27-43% in men and 3-6% in women. The major risk factors for inguinal hernia (IH) are family history, previous contra-lateral hernia, male gender, age, abnormal collagen metabolism, prostatectomy, and low body mass index. The growing burden of inguinal cases among an increasing population and aging elderly population is likely to trigger the demand for hernia repair devices.

Key Market Challenges Impacting the Growth of Hernia Repair Devices Market

The higher costs of the hernia repair procedures and the major risks & complications associated with hernia repairs such as pain, infections, hernia recurrence, adhesion and bowel obstruction are likely to impact the growth of the hernia repair devices market in the coming few years.

North America is Projected to Hold a Higher Market Share in Hernia Repair Devices Market

From a geographical overview, North America is set to hold a higher market share in the global hernia repair devices market. This can be mainly attributed to an increasing cases of hernia disorders, global adoption of new and advanced hernia repair devices and rapid innovations in hernia repair surgery technology.

Competitive Landscape Analysis: Hernia Repair Devices Market

Some of the leading and well-established players operating in the global hernia repair devices market are Medtronic, B Braun, Cook Medical, Baxter, and TELA Bio, etc.

Get Detailed Insights on Hernia Repair Devices Market with a Sample PDF Copy @ https://meditechinsights.com/hernia-repair-devices-market/

Ruta Halde
Associate, Medi-Tech Insights
121/7E Avenue Franklin Roosevelt,
1050 Brussels, Belgium
+32 498 86 80 79
info@meditechinsights.com
https://meditechinsights.com/

Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services.

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