The growing adoption of mesh in hernia repair charges, increasing old-aged population, new product developments like the development of biological allograft mesh, awareness about hernia treatment including minimally invasive hernia repair devices, and effective reimbursement policies in emerging economies will propel the growth in the global hernia repair market at a CAGR of 5.66% during 2021-2027. Moreover, the increasing cases of hernia will create demand for effective repair devices, widespread adoption of robotics in surgical procedures, enhanced healthcare infrastructure globally leading to the growth in the hernia repair market.

The COVID-19 crisis has led to the disruption in elective surgery like hernia repairs resulting in a decline in the hernia repair market. However, the gradual decrease in the cases of COVId-19 will augment the growth of elective hernia repair surgeries.

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Based on product, the mesh segment dominates the global hernia repair market in 2020 owing to the increased adoption of the devices, resistance to infection and has the ability to provide a longer tensile strength to avoid a recurrence. The mesh segment is sub-divided into the biological mesh and synthetic mesh. Synthetic mesh holds the largest share because of its ease in availability and cost-effectiveness.

North America dominates the market with a more than 50% share in 2020 owing to the existence of key players, sedentary lifestyles, increasing geriatric population, increase in spending on healthcare infrastructure, fast FDA approvals, and high recurrence rate of hernia in the region will fuel the growth in the hernia repair market. As per a report published in Annals of Laparoscopic and Endoscopic Surgery 2019, 350,000 abdominal wall hernia repairs are performed annually in the USA.

The prominent players in the hernia repair industry include Braun Melsungen AG, Becton, Dickinson, and Company, Getinge AB, Johnson & Johnson, Cook Group Inc., Medtronic PLC., Integra Lifesciences Holdings Corporation, W. L. Gore & Associates, Via Surgical and Herniamesh.

Medtronic has established itself as a worldwide leading provider of hernia repair products by developing new products and has enhanced the quality of are and lowering its cost. Some of the innovative products in the hernia repair include ReliaTack™ articulating reloadable fixation device, Symbotex™ composite mesh, ProGrip™ laparoscopic self-fixating mesh, Spacemaker™ Pro access, and dissection system, and the Parietex™ composite ventral patch.

Source: VynZ Research