Hernia Repair Devices Market to Grow by a Substantial CAGR of 5.06% Reaching USD 5.11 Billion by 2026, As per DelveInsight

As per DelveInsight Analysis in the Hernia Repair Devices Market, the rising prevalence of patients suffering from a Hernia, rising number of surgeries for treatment of hernia, the entrance of major players, among others are expected to drive the Hernia Repair Devices market growth during the forecasting period.

LAS VEGAS, March 23, 2022 /PRNewswire/ -- DelveInsight's Hernia Repair Devices Market Insights and Forecast report provides the current and forecast Hernia Repair Devices Market, upcoming innovation in the devices, individual market shares, challenges, drivers and barriers, market trends, and key competitors in the Hernia Repair Devices Market. 

Some of the salient features from the Hernia Repair Devices Market report: 

• As per DelveInsight analysis, in terms of revenue share, North America is predicted to register the fastest growth in the Hernia Repair Devices market.
• Some of the Global Hernia Repair Device companies with their Hernia Repair surgery procedures/ products in various stages of development include Medtronic, Johnson & Johnson, Inc., B. Braun Melsungen AG, Cook, Gem Srl, PRIMEQUAL SA, Becton, Dickinson and Company, Deep Blue Medical Inc., Meril Life Sciences Pvt. Ltd., Changzhou Medical Equipment General Factory Co., Ltd., Sinolinks Medical Innovation, Inc., W.L. Gore & Associates, Herniamesh® S.r.l., KATSAN Katgüt Sanayi ve Tic. A.Ş., Dipromed Srl, BioCer Entwicklungs-GmbH, SAMYANG HOLDING CORPORATION, Betatech Medical, Cousin Surgery, Aspide Medical S.A.S., and others.
• DelveInsight analyzes that the Global Hernia Repair Devices Market was valued at USD 3.81 billion in 2020, growing at a CAGR of 5.06% during the forecast period from 2021 to 2026 to reach USD 5.11 billion by 2026. 
• Advanced Medical Solutions Ltd. collaborated with Imarc Research, Inc. for a clinical trial to study the safety and efficacy LiquiBand FIX8® Open Hernia Mesh Fixation Device for the treatment of inguinal Hernia. The study is expected to be completed by the year 2022.
• In February 2021, W. L. Gore & Associates launched GORE® SYNECOR Intraperitoneal Biomaterial in Europe, the Middle East, and South Africa to address unmet needs in the Complex Hernia Repair Devices market.
• In September 2020, Surgical Innovation Associates received CE Mark for its flagship absorbable mesh, DuraSorb® for reconstructive and aesthetic indications including abdominal hernia prophylaxis, breast tissue support, and prosthetic breast support.
• On August 11, 2020, Deep Blue Medical, a company dedicated to addressing the high rate of hernia occurrence and recurrence received 510(k) FDA clearance for its T-Line® Hernia Mesh with integrated suture-like extensions for superior and high anchoring strength.
• In June 2020, W. L. Gore & Associates received CE mark for GORE® SYNECOR, tri-layer hybrid material designed for ease of use during laparoscopic, robotic, and open surgical procedures.
• In March 2020, Novus Scientific AB received FDA approval for TIGR Matrix Surgical Mesh indicated for use in procedures involving soft tissue repairs, such as for the repair of Hernias or other facial defects. 
• Thus, owing to the approvals and launch of several devices, there will be a rapid growth observed in the Hernia Repair Devices market during the forecast period.

To pick on the latest highlights related to Hernia Repair Devices market, get the snapshot of the key highlights entailed in the Hernia Repair Devices Market Report

Hernia Repair Devices Overview 

Hernia Repair Devices include the mesh and fixators for the Hernia treatment. These devices especially the mesh support damaged tissue around hernias as it heals. The surgeons place the mesh across the area that is surrounding the Hernia, thereby attaching it with stitches, glues, or staples. The pores in the mesh allow the tissue to grow within the device. The main reason for using Hernia Repair Devices is to lower the risks associated with hernia recurring, or appearing back, as there is a high chance of hernia returning after a repair surgery is performed.

Hernia Repair Devices Market Insight 

Geographically, the Global Hernia Repair Devices market is studied for North America, Europe, Asia-Pacific, and the Rest of the World. In terms of revenue share North America currently leads the Global Hernia Repair Devices market and is expected to remain constant during the forecast period. This domination is owing to the growing demand for Hernia Repair Devices because of the high prevalence of hernia in US, rising adoption of hernia repair devices, especially the biologic mesh devices that are highly adopted in the United States, presence of key Hernia Repair Devices market players is the maximum in the United States owing to which access to new and advanced hernia repair devices is also at peak in the region among other factors in the region.

Furthermore, the prompt and well-established healthcare services and infrastructure contributes to the growth of the regional Hernia Repair Devices market growth. Moreover, the presence of large pool of hernia patients in the region and supportive reimbursement programs further provide immense growth opportunities for the Hernia Repair Devices market.

Additionally, the product approvals in the region will further spur the Hernia Repair Devices market in the region. For instance, in March 2020, Novus Scientific AB received FDA approval for TIGR Matrix Surgical Mesh indicated for use in procedures involving soft tissue repair, such as for the repair of hernias or other facial defects. 

Also, in July 2020, BD (Becton, Dickinson and Company) received FDA clearance for 3DMax MID Anatomical Mesh indicated for use in the reinforcement of soft tissue, where weakness exists, in the repair of inguinal hernias.

Click here to understand more about the key players in the Hernia Repair Devices Market and their future @ Hernia Repair Devices Future Assessment

Hernia Repair Devices Market Dynamics 

The rise in demand for Hernia Repair Devices is primarily attributed to the rising incidence of Hernia, growing surgeries for Hernia treatment, technological advancement in the product portfolio, and favourable reimbursement scenarios, among others directly increasing the Hernia Repair Devices market growth. The Global Hernia Repair Devices market is expected to witness significant growth owing to the rising prevalence of Hernia amongst the patients, increasing product approvals pertaining to Hernia Repair Devices.  Furthermore, due to the availability of a large number of Hernia mesh products in the market will lead to a rise in the overall demand for Hernia Repair Devices, leading to an overall increase in the Hernia Repair Devices market growth. In addition, rising clinical trials for establishing the safety of Hernia meshes are also anticipated to fuel the Hernia Repair Devices market.

However, on the contrary, certain factors such as the high cost of the Hernia Repair surgery along with the devices and stringent regulatory process may pose a minor hurdle for the growth of the Hernia Repair Devices market. Moreover, the COVID-19 pandemic had a profound impact on elective and non-urgent surgeries across the countries. The Hernia Repair Devices market is primarily affected by the outbreak of the COVID-19 pandemic. The government imposed lockdowns to curb the spread of the virus leading to restrictions in movement and a decrease in regular check-ups. Owing to the COVID-19 pandemic situation, various forms of hernia repair procedures were temporarily reduced in contrast to the COVID-19 affected patients that were given utmost priority leading to a decrease in the Hernia Repair Devices market growth.

To gain a better understanding of the COVID-19 impact on Hernia Repair Devices, get a snapshot of the COVID-19 Impact On Hernia Repair Devices Market

Scope of the Hernia Repair Devices Market Report

• Coverage: Global
• Study Period: 2021-2026
• Market Segmentation By Product Type - Hernia Mesh [Synthetic Mesh And Biologic/Bioresorbable Mesh], Hernia Fixators [Tack Applicators, Staplers, Sutures, Glue Applicators]
• Market Segmentation By Type- Devices And Consumables
• Market Segmentation By Surgical Type - Inguinal Hernia Repair, Incisional Hernia Repair, Ventral Hernia Repair, Femoral Hernia Repair, Umbilical Hernia Repair
• Market Segmentation By Procedure Type - Open And Laparoscopic
• Market Segmentation By End-User- Hospitals, Ambulatory Surgical Centers, And Others
• Market Segmentation By Geography - North America, Europe, Asia-Pacific, and Rest of World
• Key Hernia Repair Devices Companies -  Medtronic, Johnson & Johnson, Inc., B. Braun Melsungen AG, Cook, Gem Srl, PRIMEQUAL SA, Becton, Dickinson and Company, Deep Blue Medical Inc., Meril Life Sciences Pvt. Ltd., Changzhou Medical Equipment General Factory Co., Ltd., Sinolinks Medical Innovation, Inc., W.L. Gore & Associates, Herniamesh® S.r.l., KATSAN Katgüt Sanayi ve Tic. A.Ş., Dipromed Srl, BioCer Entwicklungs-GmbH, SAMYANG HOLDING CORPORATION, Betatech Medical, Cousin Surgery, Aspide Medical S.A.S., among others
• Porter's Five Forces Analysis
• Product Profiles
• Case Studies 
• KOL's Views
• Analyst's View

Delveinsight Analysis: The Global Hernia Repair Devices Market was valued at USD 3.81 billion in 2020, growing at a CAGR of 5.06% during the forecast period from 2021 to 2026 to reach USD 5.11 billion by 2026. 

Know more about which MedTech player is set to emerge as the trendsetter in the Global Hernia Repair Devices Market @ Key Hernia Repair Devices Companies Analysis 

Table of Contents 

Learn more about the report offerings @ Hernia Repair Devices Market Outlook

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SOURCE DelveInsight Business Research, LLP