Global Hernia Repair Market was valued US$ 3.78 Bn in 2016, and expected to reach US$ 4.98 Bn by 2024 at CAGR of 3.4% (Detailed analysis of the market CAGR is provided in the report).
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Global Hernia Repair Market is segmented by products, surgery type, and geography. Products segment is sub segmented as mesh, and mesh fixation. Mesh application segment is estimated to hold the largest market share in the forecast period due to the higher prices of meshes compared to mesh fixators. Surgery type segment is bifurcated as Inguinal, Incisional/Ventral, Umbilical, Femoral. Hernia type is bifurcated as Incisional Hernia, Umbilical Hernia, Inguinal Hernia, Femoral Hernia, and Others. The market based on geography is segmented by North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. Hernia is a medical condition where an organ or fatty tissue bulges out through a weak spot where they are normally contained. Hernia repair is a surgical operation for the treatment of a hernia and is one of the most commonly performed surgical procedures worldwide. The rising adoption of mesh in hernia repair surgeries, rising geriatric population, new product developments, and favorable reimbursement scenario in developed countries are the major factors driving the growth of this market. The growth of the global hernia repair devices and consumables market is majorly driven by increase in prevalence of hernia, especially inguinal hernia. Other factors boosting the market growth include rise in adoption of tension-free repair procedures, technological advancement in the mesh materials such as biological mesh by key players, and surge in demand for robotic surgeries. North America is expected to dominate the Hernia Repair Market in forecast period followed by APAC and Europe. The large share of North America in this market can be attributed to the strong demand for and adoption of hernia repair in the US, presence of a large pool of hernia patients, and an efficient and favorable healthcare system are supporting the growth of the hernia repair market in North America. Key Players in the Global Hernia Repair Market Are B. Braun Melsungen AG, Baxter International Inc., C.R. Bard, W. L. Gore & Associates, Inc., LifeCell Corporation, Herniamesh S. R. L., Medtronic Plc., Ethicon, Inc., Cook Medical Inc., Cooper Surgicals Inc., Insightra Medical Inc., Atrium Medical Corporation, Betatech Medikal, Purple Surgical International Ltd., Integra LifeSciences, Covidien, Maquet, DIPROMED, FEG, Cousin Biotech
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