Press Release

Global Hernia Repair Devices Market to grow with a CAGR of 3.20 %

Increasing healthcare infrastructure and a supportive regulatory environment are the major drivers for the Global Hernia Repair Devices Market.

 

According to TechSci Research report, “Global Hernia Repair Devices Market Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028”, Global Hernia Repair Devices Market has valued at USD 5.85 billion in 2022 and is anticipated to witness an impressive growth in the forecast period with a CAGR of 3.20% through 2028. This can be due to collaborations and partnerships among leading companies with a diverse approach to merge the expertise of individual companies and to strengthen their position in the market.

Lifestyle factors can play a significant role in driving the demand for hernia repair devices. These factors include various aspects of an individual's lifestyle, choices, and habits that may contribute to the development of hernias or influence the choice of treatment options. Excess weight and obesity are known risk factors for hernias. Obesity places increased pressure on the abdominal wall, making it more likely to weaken and develop hernias. As obesity rates rise, the demand for hernia repair devices may increase. Engaging in strenuous physical activities, especially those involving heavy lifting or repetitive straining, can increase the risk of hernia development. Athletes and individuals with physically demanding jobs may be more prone to hernias, leading to a demand for effective hernia repair solutions. Smoking is associated with a higher risk of developing chronic cough, which can contribute to the development of hernias. Smokers who develop hernias may require treatment, including the use of hernia repair devices. Poor dietary habits, including a lack of fiber, can lead to constipation and straining during bowel movements. Such habits can increase the risk of hernias, especially inguinal hernias. Lifestyle choices that contribute to gastrointestinal issues may necessitate hernia repair procedures.

 

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In October 2022, DORC International has recently announced two strategic acquisitions, namely Peregrine Surgical LLC and the complete ownership of WEFIS GmbH. These acquisitions are pivotal in expanding DORC's production capabilities, fostering innovation, and broadening its geographic reach. The integration of Peregrine Surgical is expected to catalyze the advancement of laser and illumination technologies, particularly tailored for the EVA NEXUS system. Additionally, it bolsters DORC's instrumentation portfolio, specifically for 27g minimally invasive surgeries and directional laser probes in the US market. The establishment of a Centre of Excellence in the US is poised to enhance the company's innovation capabilities, facilitating the quicker introduction of cutting-edge instruments. Furthermore, this setup will expedite the regulatory processes for securing FDA clearance, not only for the US market but also for the accelerated launch of products globally. Concurrently, DORC has successfully concluded the acquisition of the remaining stake in WEFIS GmbH. This acquisition marks a significant milestone in solidifying DORC's presence in the cataract surgical market. Building on nearly two decades of collaboration as a supplier, this move will further streamline operations, regulatory functions, and innovation initiatives. Ultimately, this is aimed at better serving the needs of DORC's valued customers.

 Evolving materials and designs present challenges in the global hernia repair devices market. While innovation in materials and designs can lead to improved patient outcomes and device efficacy, it can also pose certain challenges. Introducing new materials or design concepts often requires rigorous testing and regulatory approvals. Navigating the regulatory landscape to ensure compliance can be time-consuming and costly. Demonstrating the safety and efficacy of new materials and designs in clinical trials can be challenging. Companies must invest in robust research to validate their innovations. Developing and implementing advanced materials and designs may increase production costs. Balancing the need for cost-effectiveness with innovation is an ongoing challenge for manufacturers.

Global Hernia Repair Devices Market is segmented based on Product Type, Procedure Type, Surgery Type and by region.

Based on the Product Type, Global Hernia Repair Devices Market is segmented into Hernia Mesh, Hernia Fixation Devices. Hernia fixation devices, also known as hernia mesh fixation devices, are an essential component in hernia repair surgeries. These devices are used to secure and anchor hernia meshes or prosthetic materials in place over the weakened or damaged abdominal wall, where a hernia has occurred. The primary purpose of hernia fixation devices is to prevent the mesh from migrating or shifting and to ensure it remains in the proper position to support the weakened tissue. The choice of hernia fixation device depends on various factors, including the type and location of the hernia, the surgeon's expertise, and the patient's specific medical condition. Surgeons typically consider factors such as the risk of tissue damage, patient comfort, and the durability of the fixation when selecting the most appropriate device for a particular case.

Based on Region, North America held the largest share in the Global Hernia Repair Devices Market. The presence of well-established healthcare reimbursement systems, such as private health insurance and government-funded healthcare programs, often makes it easier for patients to access hernia repair procedures and devices. North America is a hub for clinical research and trials. This facilitates the testing and approval of new hernia repair devices, enabling rapid market entry for innovative products. The rigorous regulatory standards and oversight by agencies like the U.S. Food and Drug Administration (FDA) in the United States ensure the safety and efficacy of hernia repair devices. While this can pose challenges for manufacturers, it also instills trust in the quality of these devices. Patients in North America generally have better access to healthcare information and can make informed choices about hernia repair procedures and devices, contributing to higher demand.

 

Some of the major companies operating in the Global Hernia Repair Devices Market include:

  • Medtronic Plc.
  • Ethicon Inc.
  • Beckton Dickinson & Co,
  • Atrium
  • W. L. Gore & Associates, Inc.
  • LifeCell International Pvt. Ltd.
  • B. Braun SE
  • Baxter International Inc.
  • Cook Medical Inc
  • Herniamesh S.r.l.

 

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“Certain areas, particularly in North America, are projected to exert significant demand for Hernia Repair Devices. The growth in the competitive landscape and the presence of well-established companies in the market, committed to enhance the overall wellbeing of people each year, are expected to contribute to a remarkable growth of the Global Hernia Repair Devices Market in the forecast period," said Mr. Karan Chechi, Research Director with TechSci Research, a research-based Global management consulting firm.

Hernia Repair Devices Market by Product (Product Type (Hernia Mesh, Hernia Fixation Devices), By Procedure Type (Open Surgery, Laparoscopic Surgery), By Surgery Type (Inguinal Hernia, Umbilical Hernia, Incisional Hernia, Femoral Hernia, others), By Region, By Competition Forecast & Opportunities, 2018-2028F has evaluated the future growth potential of Global Hernia Repair Devices Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide innovative market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Hernia Repair Devices Market.


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