Hernia Repair Devices Market Size to Surpass US$ 17.21 Bn by 2030

The Hernia Repair Devices Market size was valued at US$ 6.49 billion in 2020 and is anticipated to grow at a CAGR of 10.65% during forecast period 2021 to 2030.

The global Hernia Repair Devices market size is expected to be worth around US$ 17.21 billion by 2030, according to a new report by Vision Research Reports.

Growth Factors

The market is primarily driven by increasing prevalence of obesity and hernia globally. Being overweight causes the pressure and strain on abdominal muscles and makes them prone to development of the disease. Moreover, technological advancements and several product launches in the field of repair devices are further augmenting the growth.

Get the sample copy of report@ https://www.visionresearchreports.com/report/sample/38464

Increasing healthcare expenditure and rising awareness about various surgical procedures in developing countries are also propelling market growth. Furthermore, technological advancement and increasing number of product launches in the field are also adding growth to the market. Rising number of minimally invasive surgeries and advent of robotic suturing are also gaining traction and compelling many patients to undergo surgery, thereby generating revenue to the market.

Report Highlights

The hernia mesh segment dominated the market with a revenue share of 86.1% in 2020 owing to the wide adoption of these devices. The growth of this segment is primarily attributed to the resistance to infection and the ability to provide long-term tensile strength to prevent a recurrence. The hernia mesh segment is further segmented into biologic and synthetic mesh. The synthetic mesh segment dominated the market in 2020 owing to the high product availability, the easy availability of product materials, and cost-effectiveness.

Open surgery dominated the market with a revenue share of 86.3% in 2020 and is expected to maintain its lead throughout the forecast period owing to its benefits such as the low cost of the procedure and fewer post-operative complications. Open hernia surgery involves making a large incision over the abdomen. The surgical mesh is placed over the repaired hernia to reinforce surrounding tissues. Benefits of open surgery include prevention of hernia reoccurrence, low cost of procedures, and lower chances of postoperative complications. However, complications associated with open surgery, such as excessive blood loss, injury to other organs, and blood clot formation, are likely to hamper the segment growth.

Inguinal hernia dominated the market with a revenue share of over 75.0% in 2020. Factors driving this segment include patient feasibility due to tension-free procedures and wide adoption of these surgical procedures. According to the FDA, there are more than 800,000 procedures of inguinal repair performed every year in the U.S. Thus, the high incidence of these surgical procedures is creating demand for hernia repair devices.

North America dominated the market with a revenue share of over 60.0% in 2020 owing to the presence of major players. Sedentary lifestyles, increasing elderly population, and high recurrence rate of hernia are some of the factors responsible for the market growth in North America. Moreover, rising healthcare expenditure and faster FDA approvals are adding to the market growth in the region.

Key Players

• B Braun Melsungen AG
• Cook Medical
• Medtronic Plc
• W.L. Gore & Associates
• Ethicon Inc.
• C.R Bard Inc.
• Atrium
• LifeCell Corporation
• Baxter International
• Herniamesh S.R.L.

Market Segmentation

• Product Type
  • Hernia Mesh
    • Biologic Mesh
    • Synthetic Mesh
  • Hernia Fixation Devices
    • Sutures
    • Tack Applicators
    • Glue Applicators
• Surgery Type
  • Inguinal Hernia
  • Umbilical Hernia
  • Incisional Hernia
  • Femoral Hernia
  • Others
• Procedure Type
  • Open Surgery
  • Laparoscopic Surgery
• Regional
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Click Here to View Full Report Table of Contents

Buy this Premium Research Report@ https://www.visionresearchreports.com/report/cart/38464

You can place an order or ask any questions, please feel free to contact at sales@visionresearchreports.com | +1 9197 992 333