Global Hernia Repair Market by Products, Surgery Types, and Regions — Market Size, Share and Trends, Forecast 2020–2026

Global Hernia Repair Market is valued to reach USD 5.2 Billion by 2023, growing at CAGR of 3.8% over forecast period 2020–2026. Growing adoption of mesh in hernia repair surgical procedures, effective reimbursement schemes in developed nations, increasing geriatric population and adoption of robotic surgeries are the factors driving the market.

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Throughout the forecast period, the ventral hernia market share will increase at the expense of the inguinal hernia market. This shift will be a result of lower growth in the inguinal hernia market, compared to the ventral hernia repair market, and not an actual decline in the inguinal hernia market. The rising frequency of elderly and obese individuals will contribute to the continuous increase in the number of hernia repair procedures, which, in turn, will lead to demand for all types of hernia repair devices.

A hernia is a condition in which part of the intestine bulges through a weak area in the abdominal muscles. Hernias can cause pain and discomfort in the patient, and in more severe cases, can even cause the twisting of the intestine, which would subsequently require removal. Hernia repair involves re-positioning the intestine into the body cavity. It is one of the most commonly performed procedures in Europe and the U.S. The rising demand for hernia repair is intrinsically linked to the growing elderly and obese populations, as individuals from these groups are at a high risk of developing a hernia during surgical procedures.

Market Trends, Drivers, Restraints, and Opportunities:

A laparoscopic surgical procedure is preferred as compared to other alternatives due to numerous advantages associated with these procedures, which include fast healing and less pain.
Increasing adoption of biological mesh is anticipated to boost market growth.
Growing prevalence of hernia is the foremost factor to propel the growth of the market.
Technological advancements are expected to further boost the hernia repair market growth in the coming years.
High cost of devices is likely to hamper the market growth.
Surging demand for synthetic meshes and the development of advanced biological meshes are a few factors propelling market growth.
Rise in availability of favorable reimbursements in emerging markets is projected to create numerous growth opportunities in the market.