Hernia Repair Devices and Consumables Market Top Companies Analysis To Growing at CAGR of 3.6% by 2027

Rise in advanced meshes demand, surge in implementation of robotic surgeries, and increase in number of hernia patients drive the global hernia repair devices and consumables market. However, high costs related to repair surgeries of hernia and stringent reimbursement policies restrain the market growth. On the other hand, technological advancements and opportunities in emerging countries offer new opportunities in the coming years.

The global hernia repair devices and consumables market generated $4.74 billion in 2019, and is projected to reach $6.35 billion by 2027, growing at a CAGR of 3.6% from 2020 to 2027.The consumables segment accounted for more thanfour-fifthsof the total market share in 2019.

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Rise in advanced meshes demand, surge in implementation of robotic surgeries, and increase in number of hernia patients drive the global hernia repair devices and consumables market. However, high costs related to repair surgeries of hernia and stringent reimbursement policies restrain the market growth. On the other hand, technological advancements and opportunities in emerging countries offer new opportunities in the coming years.

There are three main types of mesh placement i.e. onlay mesh placement, inlay mesh placement, underlay mesh placement. The onlay mesh placement technique is relatively easy to perform. It involves surgical repair of both smaller and larger hernia openings. The mesh is placed overlying the defect made by the hernia, thereby strengthen the repair and reinforce the abdominal wall. Similarly, the inlay method includes the placement of the mesh between the edges of the defect made by the hernia. In this process, there is a lesser risk of seroma formation and infection, due to usage of less amount of mesh. In the underlay technique, on the other hand, the mesh is placed on the underside of the gap or inside the fascia, which is why, this technique helps enhance the tension that leds in the mechanical disadvantage of the inlay & onlay techniques.

COVID-19 Scenario

  • The demand for hernia repair devices and consumables has significantly dropped during the coronavirus pandemic. Many patients have postponed surgeries due to fear of infection. Moreover, some doctors have also been recommending postponement or conducting surgeries such as hernia repair in extreme conditions only.
  • Manufacturing and research & development (R&D) activities have been drawn to a close by the manufacturers due to lockdown restrictions by governments. However, some of the factories have started production up to certain extent as restrictions are being lifted off.

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North America to maintain its dominance in terms of revenue throughout the forecast period

Based on region, North America contributed the majority share, with nearly two-fifths of the total market share of the global hernia repair devices and consumables market in 2019, and will maintain its dominance throughout the forecast period. This is attributed to early approval of hernia repair devices and surge in number of hernia procedures. However, Asia-Pacific is expected to portray the fastest CAGR of 4.9% during the forecast period, owing to affordability, rise in healthcare expenditure, and increase in awareness regarding hernia repair surgeries in emerging nations.

Market players grabbing the largest pie

  • Allergan Plc.
  • Baxter International Inc.
  • B. Braun Melsungen AG
  • Becton, Dickinson and Company (C.R. Bard, Inc.)
  • Cook Medical, Inc.,
  • HerniameshS.r.l.
  • Medtronic Plc.
  • Johnson & Johnson (Ethicon Inc.)
  • The Cooper Companies, Inc.
  • W. L. Gore & Associates, Inc.

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