Hernia Repair Devices Market By Emerging Trends, Business Strategies, Technologies,and Opportunities
A hernia is a disease characterized by the protrusion of an organ or tissue through a weakened or damaged area of the body wall. It usually occurs in the abdomen but can also occur in other places, such as the groin, diaphragm, or navel (belly).
The increase in the incidence of hernias can be due to several factors. One of the most important factors is the aging of the population. As people age, the natural aging process affects the body's connective tissues, including those that support the abdominal wall. This gradual weakening of the connective tissues makes them more susceptible to herniation.
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Thus, the increasing incidence of hernia is expected to act as a driver for market growth.
Data Bridge Market Research analyzes that the Global (U.S., Canada, U.K., Germany, Italy, France, Spain, Japan, India, China, Australia) Hernia Repair Devices (Permanent and Absorbable Hernia Fixation) Market is expected to grow with a CAGR of 13.5% in the forecast period of 2023 to 2030 and is expected to reach USD 6,717.76 million by 2030. The hernia mesh segment is projected to propel the market growth as an increasing demand for bioresorbable hernia fixation devices.
Growing demand for minimally invasive surgeries
Minimally invasive surgery is associated with less pain, a shorter hospital stay, and fewer complications, increasing its demand in the market. Hernia minimal invasive surgeries are growing in the market with the increase in demand for minimally invasive techniques and their benefits to the patients compared to traditional open surgeries, which pose risks of wound infection among others.
In recent years, due to several factors, the demand for minimally invasive surgeries related to hernia treatment has increased. Minimally invasive surgeries, also called laparoscopic or keyhole surgeries, involve small incisions and special tools, and a camera to perform the procedure. This approach has several advantages over traditional open surgery for hernia treatment.
Major Players
Data Bridge Market Research recognizes the following companies as the market players in the market are Medtronic (Ireland), BD (U.S.), Cook Group (U.S.), Inc., W. L. Gore & Associates, Inc. (U.S.), ETHICON (A subsidiary of Johnson & Johnson Services, Inc.) (U.S.), Vivostat A/S (Denmark), Baxter (U.S.), Cooper Surgical Inc. (A Division of The Cooper Companies Inc.) (U.S.), BioCer Development GmbH (Germany), pfm medical ag 9Germany), B. Braun SE (Germany), Integra LifeSciences (U.S.), AbbVie Inc. (U.S.), BIOSISHEALING (China), Dipromed Srl (Italy), DemeTECH (U.S.), and Cousin Surgery (France) among others.
Market Development
In December 2022, IntegraLifeSciences completed its acquisition of Surgical Innovation Associates, Inc. ("SIA" for an acquisition purchase price of USD 51.5 million. SIA's core technology, DuraSorb, is a fully resorbable scaffold of a globally accepted polymer, which is cleared for use in hernia repair, abdominal walls, and other soft tissue reinforcement. DuraSorb sales will be reported within Integra’s Tissue Technologies segment as part of its Wound Reconstruction and Care franchise
In August 2021, Cook Medical announced that it was expanding its Illinois facility and hiring over 100 manufacturing employees and five professional positions at its facility in Canton, Illinois. The expanded manufacturing capabilities will help Cook meet patient and customer demand for its medical devices
In July 2021, BD, a leading global medical technology company, announced it had acquired Tepha, Inc., a leading developer and manufacturer of proprietary resorbable polymer technology. This strategic acquisition advances BD's category leadership in surgical mesh and enables future innovations to provide new solutions to physicians and their patients
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