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Hernia Repair Devices and Consumables Market by Product, Surgery Type and Hernia Type: Global Opportunity Analysis and Industry Forecast, 2020-2027

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    Report

  • 293 Pages
  • April 2020
  • Region: Global
  • Allied Market Research
  • ID: 5118736
Description Jump to:
The global hernia repair devices and consumables market was valued at $4,742 million in 2019, and is projected to reach $6,350 million by 2027, at a CAGR of 3.6% from 2020 to 2027.



Hernia is a medical condition where an organ or fatty tissue bulges out through a weak spot. Hernia repair is a surgical operation for the treatment of hernia and is one of the most commonly performed surgical procedures worldwide. Approximately three million hernia procedures are performed worldwide, among them about 1.2 million hernia repair procedures are performed alone in the U.S. every year. Laparoscopic hernia repair surgery and open tension-free repair surgery are two popular methods for hernia repair. These surgeries are performed with the help of fixation devices and consumables (mesh)-based surgery.

There is an increase in the demand for hernia repair devices and consumables due to the high acceptance of tension-free hernia repair procedures, surge in demand for advanced mesh, increase in adoption of robotic surgeries, and rise in prevalence of hernia. However, high cost of hernia repair surgeries and inconsistent reimbursement policies hamper market growth. Conversely, development of novel products by key vendors such as biological mesh and high market potential in untapped emerging economies are expected to provide lucrative growth opportunities for market growth.

The global hernia repair devices and consumables market is segmented on the basis of product, surgery type, hernia type, and region. By product, it is bifurcated into fixation devices and consumables. Fixation devices are further segmented into tack and other fixation devices, where the tack segment is further sub-segmented into absorbable tack and non-absorbable tack. The consumables segment comprises mesh, which is further segmented into synthetic material mesh and biological material mesh. Synthetic material mesh is of two types, namely, absorbable mesh and non-absorbable mesh. On the basis of surgery type, it is categorized into open tension-free repair surgery and laparoscopic surgery. By hernia type, it is classified into incisional hernia, umbilical hernia, inguinal hernia, femoral hernia, and other hernia. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

KEY BENEFITS FOR STAKEHOLDERS
  • This report provides a detailed quantitative analysis of the current market trends and future estimations from 2020 to 2027, which assists to identify the prevailing market opportunities.
  • An in-depth analysis of various regions is anticipated to provide a detailed understanding of the current trends to enable stakeholders to formulate region-specific plans.
  • A comprehensive analysis of the factors that drive and restrain the growth of the global cholera vaccine market is provided.
  • An extensive analysis of various regions provides insights that allow companies to strategically plan their business moves.

KEY MARKET SEGMENTS

By Product
  • Fixation Devices
  • Tack
  • Absorbable Tack
  • Non-absorbable Tack
  • Other Fixation Devices
  • Consumables
  • Mesh
  • Synthetic Material Mesh
  • Absorbable Mesh
  • Non-absorbable Mesh
  • Biological Material Mesh

By Surgery Type
  • Open Tension-free Repair Surgery
  • Laparoscopic Surgery

By Hernia Type
  • Incisional Hernia
  • Umbilical Hernia
  • Inguinal Hernia
  • Femoral Hernia
  • Other Hernia

By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • India
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • South Africa
  • Saudi Arabia
  • Rest of LAMEA

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

The other players in the value chain include (profiles not included in the report):
  • Integra LifeSciences
  • Insightra medical
Frequently Asked Questions about the Global Hernia Repair Devices and Consumables Market

What is the estimated value of the Global Hernia Repair Devices and Consumables Market?

The Global Hernia Repair Devices and Consumables Market was estimated to be valued at $4742 million in 2019.

What is the growth rate of the Global Hernia Repair Devices and Consumables Market?

The growth rate of the Global Hernia Repair Devices and Consumables Market is 3.7%, with an estimated value of $6350 million by 2027.

What is the forecasted size of the Global Hernia Repair Devices and Consumables Market?

The Global Hernia Repair Devices and Consumables Market is estimated to be worth $6350 million by 2027.

Who are the key companies in the Global Hernia Repair Devices and Consumables Market?

Key companies in the Global Hernia Repair Devices and Consumables Market include Allergan Plc., B. Braun Melsungen AG, Baxter International Inc., Becton, Dickinson and Company (C.R. Bard Inc.), Cook Medical Inc., HerniameshS.r.l., Johnson & Johnson (Ethicon Inc.), Medtronic Plc. and The Cooper Companies Inc..
Report AttributeDetails
No. of Pages293
PublishedApril 2020
Forecast Period2019 - 2027
Estimated Market Value ( USD ) in 2019 $ 4742 million
Forecasted Market Value ( USD ) by 2027 $ 6350 million
Compound Annual Growth Rate3.7%
Regions CoveredGlobal
No. of Companies Mentioned11

Table of Contents

Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tools and Models
Chapter 2: Executive Summary
2.1. Key Findings of the Study
2.2. Cxo Perspective
Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.2.2. Top Winning Strategies
3.2.2.1. Top Winning Strategies, by Year, 2014–2017*
3.2.2.2. Top Winning Strategies, by Development, 2014–2017* (%)
3.2.2.3. Top Winning Strategies, by Company, 2014–2017*
3.3. Government Regulations
3.3.1. Hernia Repair Devices Regulation in the U. S. And Europe
3.3.2. Reimbursement Scenario
3.4. Porter’S Five Forces Analysis
3.5. Clinical Trials
3.6. Patent Analysis
3.6.1. Patent Analysis, by Geography (2015–2019)
3.6.2. Patent Analysis, by Year
3.6.3. Year 2019 Patent Analysis, by Country
3.7. Top Player Positioning
3.8. Market Dynamics
3.8.1. Drivers
3.8.1.1. Higher Acceptance of Tension-Free Repair Procedures
3.8.1.2. Increase in Demand for Advanced Meshes
3.8.1.3. Rise in Adoption of Robotic Surgeries
3.8.1.4. High Prevalence of Hernia
3.8.2. Restraints
3.8.2.1. High Cost of Hernia Repair Surgeries
3.8.2.2. Inconsistent Reimbursement Policies
3.8.3. Opportunities
3.8.3.1. Technological Advancements in Hernia Repair Devices
3.8.3.2. Opportunities in Emerging Economies
3.8.4. Impact Analyses
Chapter 4: Hernia Repair Devices and Consumables Market, by Product
4.1. Overview
4.1.1. Market Size and Forecast
4.2. Fixation Devices
4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast, by Type
4.2.2.1. Tack (Mesh Fixation Devices)
4.2.2.1.1. Market Size and Forecast, by Type
4.2.2.1.1.1. Absorbable Tack
4.2.2.1.1.1.1. Market Size and Forecast, by Region
4.2.2.1.1.2. Non-Absorbable Tack
4.2.2.1.1.2.1. Market Size and Forecast, by Region
4.2.2.1.2. Market Size and Forecast, by Region
4.2.2.2. Other Fixation Devices
4.2.2.2.1. Market Size and Forecast, by Region
4.2.3. Market Size and Forecast, by Region
4.2.4. Market Size and Forecast, by Country
4.3. Consumables
4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Mesh
4.3.2.1. Market Size and Forecast, by Type
4.3.2.1.1. Synthetic Material
4.3.2.1.1.1. Market Size and Forecast, by Type
4.3.2.1.1.2. Absorbable Mesh
4.3.2.1.1.2.1. Market Size and Forecast, by Region
4.3.2.1.1.3. Non-Absorbable Mesh
4.3.2.1.1.3.1. Market Size and Forecast, by Region
4.3.2.1.1.4. Market Size and Forecast, by Region
4.3.2.1.2. Biological Material
4.3.2.1.2.1. Market Size and Forecast, by Region
4.3.3. Market Size and Forecast, by Region
4.3.4. Market Size and Forecast, by Country
Chapter 5: Hernia Repair Devices and Consumables Market, by Surgery Type
5.1. Overview
5.1.1. Market Size and Forecast (Value)
5.1.2. Market Size and Forecast (Volume)
5.2. Open Tension-Free Repair Surgery
5.2.1. Market Size and Forecast, by Region (Value)
5.2.2. Market Size and Forecast, by Country (Value)
5.2.3. Market Size and Forecast, by Region (Volume)
5.2.4. Market Size and Forecast, by Country (Volume)
5.3. Laparoscopic Surgery
5.3.1. Market Size and Forecast, by Region (Value)
5.3.2. Market Size and Forecast, by Country (Value)
5.3.3. Market Size and Forecast, by Region (Volume)
5.3.4. Market Size and Forecast, by Country (Volume)
Chapter 6: Hernia Repair Devices and Consumables Market, by Hernia Type
6.1. Overview
6.1.1. Market Size and Forecast
6.2. Incisional Hernia
6.2.1. Market Size and Forecast, by Region
6.2.2. Market Size and Forecast, by Country
6.3. Umbilical Hernia
6.3.1. Market Size and Forecast, by Region
6.3.2. Market Size and Forecast, by Country
6.4. Inguinal Hernia
6.4.1. Market Size and Forecast, by Region
6.4.2. Market Size and Forecast, by Country
6.5. Femoral Hernia
6.5.1. Market Size and Forecast, by Region
6.5.2. Market Size and Forecast, by Country
6.6. Other Hernia
6.6.1. Market Size and Forecast, by Region
6.6.2. Market Size and Forecast, by Country
Chapter 7: Hernia Repair Devices and Consumables Market, by Region
7.1. Overview
7.1.1. Market Size and Forecast
7.2. North America
7.2.1. Key Market Trends, Growth Factors and Opportunities
7.2.2. North America Hernia Repair Devices and Consumables Market, by Country
7.2.2.1. U. S. Market Size and Forecast, by Product
7.2.2.2. U. S. Market Size and Forecast, by Surgery Type
7.2.2.3. U. S. Market Size and Forecast, by Hernia Type
7.2.2.4. Canada Market Size and Forecast, by Product
7.2.2.5. Canada Market Size and Forecast, by Surgery Type
7.2.2.6. Canada Market Size and Forecast, by Hernia Type
7.2.2.7. Mexico Market Size and Forecast, by Product
7.2.2.8. Mexico Market Size and Forecast, by Surgery Type
7.2.2.9. Mexico Market Size and Forecast, by Hernia Type
7.2.3. North America Market Size and Forecast, by Product
7.2.4. North America Market Size and Forecast, by Surgery Type
7.2.5. North America Market Size and Forecast, by Hernia Type
7.3. Europe
7.3.1. Key Market Trends, Growth Factors and Opportunities
7.3.2. Europe Market Size and Forecast, by Country
7.3.2.1. Germany Market Size and Forecast, by Product
7.3.2.2. Germany Market Size and Forecast, by Surgery Type
7.3.2.3. Germany Market Size and Forecast, by Hernia Type
7.3.2.4. France Market Size and Forecast, by Product
7.3.2.5. France Market Size and Forecast, by Surgery Type
7.3.2.6. France Market Size and Forecast, by Hernia Type
7.3.2.7. UK Market Size and Forecast, by Product
7.3.2.8. UK Market Size and Forecast, by Surgery Type
7.3.2.9. UK Market Size and Forecast, by Hernia Type
7.3.2.10. Italy Market Size and Forecast, by Product
7.3.2.11. Italy Market Size and Forecast, by Surgery Type
7.3.2.12. Italy Market Size and Forecast, by Hernia Type
7.3.2.13. Spain Market Size and Forecast, by Product
7.3.2.14. Spain Market Size and Forecast, by Surgery Type
7.3.2.15. Spain Market Size and Forecast, by Hernia Type
7.3.2.16. Rest of Europe Market Size and Forecast, by Product
7.3.2.17. Rest of Europe Market Size and Forecast, by Surgery Type
7.3.2.18. Rest of Europe Market Size and Forecast, by Hernia Type
7.3.3. Europe Market Size and Forecast, by Product
7.3.4. Europe Market Size and Forecast, by Surgery Type
7.3.5. Europe Market Size and Forecast, by Hernia Type
7.4. Asia-Pacific
7.4.1. Key Market Trends, Growth Factors and Opportunities
7.4.2. Asia-Pacific Market Size and Forecast, by Country
7.4.2.1. Japan Market Size and Forecast, by Product
7.4.2.2. Japan Market Size and Forecast, by Surgery Type
7.4.2.3. Japan Market Size and Forecast, by Hernia Type
7.4.2.4. China Market Size and Forecast, by Product
7.4.2.5. China Market Size and Forecast, by Surgery Type
7.4.2.6. China Market Size and Forecast, by Hernia Type
7.4.2.7. India Market Size and Forecast, by Product
7.4.2.8. India Market Size and Forecast, by Surgery Type
7.4.2.9. India Market Size and Forecast, by Hernia Type
7.4.2.10. Rest of Asia-Pacific Market Size and Forecast, by Product
7.4.2.11. Rest of Asia-Pacific Market Size and Forecast, by Surgery Type
7.4.2.12. Rest of Asia-Pacific Market Size and Forecast, by Hernia Type
7.4.3. Asia-Pacific Market Size and Forecast, by Product
7.4.4. Asia-Pacific Market Size and Forecast, by Surgery Type
7.4.5. Asia-Pacific Market Size and Forecast, by Hernia Type
7.5. LAMEA
7.5.1. Key Market Trends, Growth Factors and Opportunities
7.5.2. LAMEA Market Size and Forecast, by Country
7.5.2.1. Brazil Market Size and Forecast, by Product
7.5.2.2. Brazil Market Size and Forecast, by Surgery Type
7.5.2.3. Brazil Market Size and Forecast, by Hernia Type
7.5.2.4. South Africa Market Size and Forecast, by Product
7.5.2.5. South Africa Market Size and Forecast, by Surgery Type
7.5.2.6. South Africa Market Size and Forecast, by Hernia Type
7.5.2.7. Saudi Arabia Market Size and Forecast, by Product
7.5.2.8. Saudi Arabia Market Size and Forecast, by Surgery Type
7.5.2.9. Saudi Arabia Market Size and Forecast, by Hernia Type
7.5.2.10. Rest of LAMEA Market Size and Forecast, by Product
7.5.2.11. Rest of LAMEA Market Size and Forecast, by Surgery Type
7.5.2.12. Rest of LAMEA Market Size and Forecast, by Hernia Type
7.5.3. LAMEA Market Size and Forecast, by Product
7.5.4. LAMEA Market Size and Forecast, by Surgery Type
7.5.5. LAMEA Market Size and Forecast, by Hernia Type
Chapter 8: Company Profiles
8.1. Allergan plc. (Lifecell Corporation)
8.1.1. Company Overview
8.1.2. Company Snapshot
8.1.3. Operating Business Segments
8.1.4. Business Performance
8.1.5. Key Strategic Moves and Developments
8.2. B. Braun Melsungen AG
8.2.1. Company Overview
8.2.2. Company Snapshot
8.2.3. Operating Business Segments
8.2.4. Business Performance
8.3. Baxter International Inc.
8.3.1. Company Overview
8.3.2. Company Snapshot
8.3.3. Operating Business Segments
8.3.4. Business Performance
8.4. Becton, Dickinson and Company (C. R. Bard, Inc.)
8.4.1. Company Overview
8.4.2. Company Snapshot
8.4.3. Operating Business Segments
8.4.4. Business Performance
8.5. Cook Medical, Inc.
8.5.1. Company Overview
8.5.2. Company Snapshot
8.5.3. Operating Business Segments
8.5.4. Key Strategic Moves and Developments
8.6. Herniamesh S. R. L.
8.6.1. Company Overview
8.6.2. Company Snapshot
8.6.3. Operating Business Segments
8.7. Johnson & Johnson (Ethicon Inc.)
8.7.1. Company Overview
8.7.2. Company Snapshot
8.7.3. Operating Business Segments
8.7.4. Business Performance
8.8. Medtronic plc.
8.8.1. Company Overview
8.8.2. Company Snapshot
8.8.3. Operating Business Segments
8.8.4. Business Performance
8.8.5. Key Strategic Moves and Developments
8.9. The Cooper Companies, Inc. (Coopersurgical, Inc.)
8.9.1. Company Overview
8.9.2. Company Snapshot
8.9.3. Operating Business Segments
8.9.4. Business Performance
8.10. W. L. Gore & Associates, Inc.
8.10.1. Company Overview
8.10.2. Company Snapshot
8.10.3. Operating Business Segments
8.10.4. Key Strategic Moves and Developments

Executive Summary

According to the report titled, 'Hernia Repair Devices and Consumables Market by Product, Surgery Type, and Hernia Type: Opportunity Analysis and Industry Forecast, 2018-2025', 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.

Hernia repair is one of the commonly performed surgical procedures worldwide. It employs hernia repair devices and consumables to treat hernia. There are two types of productsfor hernia repair, namely, fixation devices and consumables, which include mesh, tack, and staplers. These fixation devices are designed to support durable hernia repairs. Two types of surgeries are usually practiced for hernia repair, namely, laparoscopic hernia repair and open tension-free repair surgery.Consumablesare the implants used in hernia surgeries such as surgical mesh.A number of R&D activitiesare performed worldwide to develop advanced hernia repair products. For instance, innovation and development of biological meshes using stem cells, which is expected to drive the global hernia devices and consumables market. Currently, non-availability of effective substitutes for mesh-based hernia repair surgery provides numerous opportunities to hernia consumable manufacturers in emerging economies.

Factors such as increase in number of hernia surgical procedures, rise in prevalence of hernia, surge in adoption of advanced meshes rather than conventional meshes, and technological advancements in hernia surgeries such as use of robotic surgeries are anticipated to drive the adoption of these devices. However, high cost of hernia surgical procedures and inconsistent reimbursement policies hamper the market growth. Conversely, development of advanced hernia repair devices and growing scope in untapped emerging economies provide lucrative growth opportunities for the market growth.

On the basis ofsurgery type, the market is categorized intoopen tension-free repair surgery and laparoscopic surgery. The laparoscopic surgery segment is expected to grow at a CAGR of 4.5% during the forecast period, due to technological advancements in hernia repair surgeries.

On the basis of hernia type, the inguinal hernia segment occupied the largest share in 2019, i.e. about 68.8%. Whereas, the incisional hernia segment is expected to grow at a CAGR of 5.3% during the forecast period.

Asia-Pacific is expected to grow at the highest CAGR during the forecastperiod. This is attributed to increase in affordability, surge in healthcare expenditure, rise in disposable income, and rise in awareness toward hernia repair surgeries in emerging countries.

The report provides a comprehensive analysis of the key players operating in the global hernia repair devices and consumables market industry, namely Allergan Plc., B. Braun Melsungen AG, Baxter International Inc., Becton, Dickinson and Company (C.R. Bard, Inc.), Cook Medical, Inc., HerniameshS.r.l., Johnson & Johnson (Ethicon Inc.), Medtronic Plc., The Cooper Companies, Inc., and W. L. Gore & Associates, Inc. The other players in the value chain (not profiled in the report) include Integra LifeSciences, and Insightra medical.

Key Findings of the Study

The consumables segment accounted for around 86% share of the global hernia repair devices and consumables market in 2019.
The laparoscopic surgery segment is expected to grow at a CAGR of 4.5% from 2020 to 2027.
The umbilical hernia segment accounted for around 8.2% share of the global hernia repair devices and consumables market in 2019.
Europe accounted for around 32.5% share of the global hernia repair devices and consumables market in 2019.
LAMEA is expected to grow at the highest CAGR of 4.3% from 2020 to 2027.

Companies Mentioned

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

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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