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Hernia Repair Devices and Consumables Market by Hernia Type (Incisional, inguinal, femoral, Umbilical), Surgery Type (Open tension-free repair, Laparoscopic surgery), Product Type (Devices, Consumables, Synthetic material, Absorbable, Biological Material) - Global Opportunity Analysis and Industry Forecast, 2013 - 2020

LI 15353
Pages: 120
Feb 2015 | 3959 Views
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Author's : Sharayu Dhabale
Tables: 40
Charts: 34
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Hernia Repair Devices and Consumables Market Overview : 

Hernia Repair Devices and Consumables Market is expected to garner $6.1 Billion by 2020, registering a CAGR of 6.5% during the forecast period 2014-2020.

The report covers the revenue generated from the cost of hernia fixation devices (pre-filled with the tacks or staples) and the cost of mesh. The revenue generated from the refill tacks and staples is excluded from the study. Moreover, the revenue generated from the surgery supportive instruments such as, laparoscopy instruments, sutures, endoscopy instruments and other surgical instrument is excluded from the study.

Hernia repair is one of the most commonly performed surgical procedures worldwide. Out of ~3 million hernia procedures performed worldwide, nearly ~1.2 million hernia repair procedures are performed alone in the United States every year. Considering this situation, the hernia fixation device manufacturers could gain a high momentum by introducing technologically advanced products. This is further anticipated to fuel the hernia repair devices and consumables market growth.

U.S. Patent analysis by market participants (2011 - 2014)

U.S. Patent analysis by market participants (20112014)

Approximately, 90,000 laparoscopic ventral hernia repair surgeries are performed in United States every year which drives the growth for the global hernia devices manufacturers. The increasing adoption of laparoscopic hernia surgeries leads to the increasing use of advanced fixation devices ultimately driving the market growth. Currently, key players operating in the market are introducing technologically advanced products that result in the development and growth of the market. Hernia repair surgery can also be performed with the help of sutures; however, due to a high-recurrence rate of suture based surgery, healthcare professionals prefer fixation device based surgery. The increasing adoption of advanced fixation devices is a major driving factor for the market.

There are two popular methods in the practice of hernia repair, laparoscopic hernia repair and open tension-free repair surgery. The laparoscopic hernia repair technique offers rapid recovery and less pain as compared to open tension hernia repair. This surgery involves mesh fixation on the pre-peritoneal space with help of fixation devices and other associated consumables such as sutures, staples, anchor and other mechanical methods. The fixation of prosthetics, such as mesh or plug, is a fundamentally important step in hernia repair procedures. The improper fixation of mesh leads to the risk of hernia recurrence. The advancement in the fixation techniques has reduced the chronic pain caused by mesh fixation. The potential risk of technical errors highlights the need of standard techniques for hernia repair.

Currently, there are different types of fixation devices available in the market that include metallic appliances (steel or titanium) and electronic fixation devices that help in fixing the prosthetic /implant to the abdominal wall for covering the wound. Key players operating in the global hernia repair devices and consumables market are developing novel fixation devices to increase their market size. Medtronic Inc., one of the leading players in the medical devices industry launched AbsorbaTack 30X, an absorbable fixation device, used during hernia repair, which renders more comfort as compared to the other devices. This device has flexible cable drive mechanism that eases the hernia repair procedure with minimal errors. Similarly, Medtronic Inc. has introduced ReliaTack that allows 65 degrees’ articulations, enabling secure tack placement in the abdominal wall. The tack fixation devices allow for the double strength mesh fixation, which would ultimately reduce the hernia recurrence rate.

The global hernia repair market is segmented based on the consumables or implants used in hernia surgeries that include surgical mesh, fixation staples and tacks. Surgical mesh is a loosely woven sheet, used to provide support to the weakened/damaged tissue and is used in standard procedures of hernia repair surgery throughout the world. The surgical mesh is placed on weakened tissues of abdominal wall using fixation devices, tacks and staples.

Hernia Repair Devices Market

Medtronic Inc., C. R. Bard Medicals, Baxter Internationals, Ethicon Inc., and B Braun Melsungen AG are the top five contenders in the hernia repair devices and consumables market. The market dominance of these companies is supplemented by their market strategies. C. R. Bard Medicals is operating in hernia repair devices and consumables market through its subsidiary ‐ Davol Inc. The company is engaged in manufacturing of hernia fixation devices consumables such as mesh, plug, tacks and staples. Followed by C. R. Bard Medicals (Davol Inc.) Baxter International have helped to gain market in hernia repair devices and consumables market.

Key Benefits

  • Competitive landscape of the global hernia repair devices and consumables market helps to understand strategies adopted by various companies for growth
  • Comprehensive analysis of factors that drive and restrict growth of the hernia repair devices and consumables market is provided. For example, rising number of hernia patients drives the global hernia repair devices and consumables market; however, unfavorable reimbursement policies are likely to be a restraint of the market
  • Market conditions of global hernia repair devices and consumables across all geographic regions are comprehensively analyzed. Development of technologically advanced products such as absorbable and non-absorbable meshes and devices, and synthetic material and biological meshes are tracked
  • Porter’s Five Forces model gives an in-depth analysis of the bargaining power of buyers and suppliers, threats of new entrants and substitutes and competition amongst the key market players

Market Segmentation

The hernia repair devices and consumables market is segmented based on product types and geography.

By Product Type

  • Devices
  • Consumables
    • Mesh
      • Synthetic material
        • Absorbable
        • Non-absorbable
      • Biological Material

By Hernia Type

  • Incisional hernia
  • Inguinal hernia
  • Femoral hernia
  • Umbilical hernia
  • Others

By Surgery Type

  • Open tension-free repair 
  • Laparoscopic surgery

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA
 

Chapter: 1 INTRODUCTION

1.1 Key benefits
1.2 Market Segmentation
1.3 Research methodology

1.3.1 Secondary research
1.3.2 Primary research
1.3.3 Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY

2.1 CXO perspective
2.2 Market beyond: What to expect by 2025 ($Million)

2.2.1 Moderate growth scenario
2.2.2 Rapid growth scenario
2.2.3 Diminishing growth scenario

Chapter: 3 MARKET OVERVIEW

3.1 Market definition and scope
3.2 Key findings

3.2.1 Top Factors Impacting on global hernia device and consumables market
3.2.2 Top Investment Pockets of global hernia device and consumables market
3.2.3 Top winning strategies of global hernia device and consumables market

3.3 Government regulations and reimbursement

3.3.1 Hernia repair devices regulation in United States and Europe
3.3.2 Reimbursements

3.4 Porter’s five forces analysis

3.4.1 Bargaining power of buyers (Moderately high)
3.4.2 Bargaining power of suppliers (low)
3.4.3 Threat of new entrants (high)
3.4.4 Threat of substitutes (low)
3.4.5 Intense competitive rivalry

3.5 Value chain analysis

3.5.1 Primary activities
3.5.2 Support Activities

3.6 Clinical trials
3.7 Patent analysis (2011-2014)

3.7.1 Patent analysis by geography
3.7.2 U.S. Patent analysis by market participants
3.7.3 Europe patent analysis

3.8 Market player positioning (2013)
3.9 Market Dynamics

3.9.1 Drivers

3.9.1.1 Increasing acceptance of tension-free repair procedures
3.9.1.2 Rising demand for advanced meshes
3.9.1.3 Increasing acceptance of robotic surgeries
3.9.1.4 large population base
3.9.1.5  High recurrence rate

3.9.2 Restraints

3.9.2.1 High Cost for the development of hernia repair devices
3.9.2.2 Inconsistent reimbursement policies

3.9.3 Opportunities

3.9.3.1 Advancements in hernia devices
3.9.3.2 Opportunities in Emerging Economies
3.9.3.3 Collaborative approaches of legal authorities across emerging economies.

Chapter: 4 GLOBAL HERNIA REPAIRE DEVICES AND CONSUMABLES MARKET, BY PRODUCT TYPE, 2013-2020

4.1 Fixation devices

4.1.1 Key market trends
4.1.2 Key growth factors and opportunities
4.1.3 Market size and forecast

4.2 Consumables

4.2.1 Mesh

4.2.1.1 Synthetic material

4.2.1.1.1 ABSORBABLE MESH
4.2.1.1.2 NON-ABSORBABLE MESH

4.2.1.2 Biological material

4.2.2 Key market trends
4.2.3 Key growth factors and opportunities
4.2.4 Market size and forecast

Chapter: 5 GLOBAL HERNIA REPAIR DEVICES AND CONSUMABLES MARKET, BY SURGERY TYPES, 2013-2020

5.1 Open tension-free repair 
5.2 Laparoscopic surgery

Chapter: 6 GLOBAL HERNIA REPAIR DEVICES AND CONSUMABLES MARKET, BY HERNIA TYPES, 2013-2020

6.1 Incisional hernia
6.2 Umbilical hernia
6.3 Inguinal hernia
6.4 Femoral hernia
6.5 Others

Chapter: 7 GLOBAL HERNIA REPAIR DEVICES AND CONSUMABLES MARKET BY GEOGRAPHY, 2013-2020

7.1 Market size and forecast
7.2 North America

7.2.1 Key market trends
7.2.2 Key growth factors and opportunities
7.2.3 Market size and forecast

7.3 Europe

7.3.1 Key market trends
7.3.2 Key growth factors and opportunities
7.3.3 Market size and forecast

7.4 Asia-Pacific

7.4.1 Key market trends
7.4.2 Key growth factors and opportunities
7.4.3 Market size and forecast

7.5 LAMEA

7.5.1 Key market trends
7.5.2 Key growth factors and opportunities
7.5.3 Market size and forecast

Chapter: 8 COMPANY PROFILE

8.1 B. Braun Melsungen AG

8.1.1 Company overview
8.1.2 B. Braun Melsungen AG snapshot
8.1.3 Operating Business Segment Overview
8.1.4 Business performance
8.1.5 SWOT Analysis of B. Braun Melsungen AG

8.2 Baxter International

8.2.1 Company Overview
8.2.2 Baxter International Snapshot
8.2.3 Business Performance
8.2.4 Strategic move and development
8.2.5 SWOT Analysis of Baxter International

8.3 C.R. Bard Medicals (Davol Inc.)

8.3.1 Overview
8.3.2 C.R. Bard Medicals (Davol Inc.) snapshot
8.3.3 Financial performance
8.3.4 Operating segment overview
8.3.5 Strategic moves and developments
8.3.6 SWOT analysis of C.R. Bard Medicals (Davol Inc.)

8.4 W.L. Gore & Associates Inc

8.4.1 Overview
8.4.2 W.L Gore & associates Inc snapshot
8.4.3 Financial performance
8.4.4 Operating segment overview
8.4.5 SWOT Analysis of W.L Gore & associates Inc

8.5 Life Cell

8.5.1 Overview
8.5.2 LifeCell snapshot
8.5.3 Financial performance
8.5.4 Operating segment overview
8.5.5 Strategic moves and developments
8.5.6 SWOT analysis of LifeCell corporation

8.6 Cooper Surgicals Inc.

8.6.1 Overview
8.6.2 Cooper Surgicals Inc Snapshot
8.6.3 Operating segment overview
8.6.4 SWOT Analysis of cooper surgicals Inc.

8.7 Ethicon Inc. (A J&J Subsidiary)

8.7.1 Company overview
8.7.2 Ethicon Inc. snapshot
8.7.3 Business Performance
8.7.4 Operating Segment Overview
8.7.5 SWOT Analysis of Ethicon Inc.

8.8 Medtronic (Covidien, acquired by Medtronic)

8.8.1 Company overview
8.8.2 Medtronic (Covidien) snapshot
8.8.3 Operating segment overview
8.8.4 Business Performance
8.8.5 Strategic moves and development
8.8.6 SWOT Analysis of Medtronic (Covidien)

8.9 Cook medicals

8.9.1 Overview
8.9.2 Cook Medical Snapshot
8.9.3 Operating segment overview
8.9.4 Strategic moves and developments
8.9.5 SWOT analysis of Cook Medicals

8.10 Insightra Medical Inc.

8.10.1 Overview
8.10.2 Insightra Medical inc. Snapshot
8.10.3 Operating segment overview
8.10.4 Strategic moves and developments
8.10.5 SWOT analysis of Insightra Medical Inc

 LIST OF TABLES

TABLE 1  GLOBAL HERNIA DEVICES AND CONSUMABLES MARKET MODERATE GROWTH SCENARIO, 2020-2025, ($MILLION)
TABLE 2  GLOBAL HERNIA DEVICES AND CONSUMABLES MARKET RAPID GROWTH SCENARIO, 2020-2025, ($MILLION)
TABLE 3  GLOBAL HERNIA DEVICES AND CONSUMABLES MARKET DIMINISHING GROWTH SCENARIO, 2020-2025, ($MILLION)
TABLE 4  CFR DOCUMENT REFERENCE FOR HERNIA REPAIR DEVICES
TABLE 5  VALUE CHAIN ANALYSIS OF HERNIA REPAIR DEVICES AND CONSUMABLES MARKET
TABLE 6  CLINICAL TRIALS- HERNIA REPAIR DEVICES AND CONSUMABLES MARKET
TABLE 7  HERNIA REPAIR DEVICES PATENT
TABLE 8  GLOBAL HERNIA REPAIR DEVICES AND CONSUMABLES MARKET, BY PRODUCT TYPE, 2013-2020, ($MILLION)
TABLE 9  TYPES OF FIXATION DEVICES
TABLE 10  GLOBAL HERNIA FIXATION DEVICES MARKET, BY GEOGRAPHY, 2013-2020, ($MILLION)
TABLE 11  TYPES OF SYNTHETIC MESH AND ITS MANUFACTURERS
TABLE 12  CHARACTERISTICS OF HERNIA MESH
TABLE 13  ADVANTAGES AND DISADVANTAGES OF DIFFERENT TYPES OF HERNIA MESH
TABLE 14  TYPES OF HERNIA MESH
TABLE 15  GLOBAL HERNIA CONSUMABLES MARKET, BY GEOGRAPHY, 2013-2020, $MILLION
TABLE 16  COMPARATIVE ANALYSIS BETWEEN OPEN TENSION AND LAPAROSCOPIC APPROACH
TABLE 17  GLOBAL HERNIA REPAIR DEVICES AND CONSUMABLES MARKET, BY HERNIA TYPES, 2013-2020, $ MILLION
TABLE 18  GLOBAL HERNIA REPAIR DEVICES AND CONSUMABLES MARKET, BY GEOGRAPHY, 2013-2020 ($MILLION)
TABLE 19  NORTH AMERICA HERNIA REPAIR DEVICES AND CONSUMABLES MARKET, BY GEOGRAPHY, 2013-2020 ($MILLION)
TABLE 20  EUROPE HERNIA REPAIR DEVICES AND CONSUMABLES MARKET, 2013-2020 ($MILLION)
TABLE 21  ASIA PACIFIC HERNIA REPAIR DEVICES AND CONSUMABLES MARKET, 2013-2020 ($MILLION)
TABLE 22  LAMEA HERNIA REPAIR DEVICES AND CONSUMABLES MARKET, 2013-2020 ($MILLION)
TABLE 23  B. BRAUN MELSUNGEN AG SNAPSHOT
TABLE 24  B. BRAUN MELSUNGEN AG OPERATING SEGEMENTS
TABLE 25  BAXTER INTERNATIONAL SNAPSHOT
TABLE 26  C.R. BARD MEDICALS (DAVOL INC.) SNAPSHOT
TABLE 27  C.R. BARD MEDICALS (DAVOL INC.) FINANCIAL PERFORMANCE, 2012-2013 ($MILLION))
TABLE 28  C.R. BARD MEDICALS (DAVOL INC.) OPERATING SEGMENT OVERVIEW
TABLE 29  W.L GORE & ASSOCIATES INC. COMPANY SNAPSHOT
TABLE 30  LIFECELL COMPANY SNAPSHOT
TABLE 31  LIFE CELL OPERATING SEGMENT OVERVIEW
TABLE 32  COOPERSURGICALS INC. SNAPSHOT
TABLE 33  COOPERSURGICAL INC. OPERATING SEGMENT OVERVIEW
TABLE 34   ETHICON INC. SNAPSHOT
TABLE 35  MEDTRONIC (COVIDIEN) SNAPSHOT
TABLE 36  MEDTRONIC (COVIDIEN) OPERATING SEGMENT OVERVIEW
TABLE 37  COOK MEDICAL COMPANY SNAPSHOT
TABLE 38  COOK MEDICAL OPERATING SEGMENT OVERVIEW
TABLE 39  INSIGHTRA MEDICAL INC. COMPANY SNAPSHOT
TABLE 40  INSIGHTRA MEDICAL INC. OPERATING SEGMENT OVERVIEW

LIST OF FIGURES

FIG. 1  IMPACT ANALYSIS OF MODERATE GROWTH SCENARIO (2020-2025)
FIG. 2  IMPACT ANALYSIS OF RAPID GROWTH SCENARIO (2020-2025)
FIG. 3  IMPACT ANALYSIS OF DIMINISHING GROWTH SCENARIO (2020-2025)
FIG. 4  TOP FACTORS IMPACTING GLOBAL HERNIA REPAIR DEVICES AND CONSUMABLES MARKET (2014-2020)
FIG. 5  TOP INVESTMENT POCKETS OF GLOBAL HERNIA DEVICES AND CONSUMABLES MARKET BY PRODUCT TYPE
FIG. 6  TOP WINNING STRATEGIES FOR GLOBAL HERNIA REPAIR DEVICES AND CONSUMABLES MARKET (2011-2013)
FIG. 7  TOP WINNING STRATEGIRS BY KEY MARKET PLAYERS (2011-2014)
FIG. 8  PORTER FIVE FORCES MODEL FOR HERNIA REPAIR DEVICES AND CONSUMABLES MARKET
FIG. 9  PATENT ANALYSIS BY GEOGRAPHY (2011-2014)
FIG. 10  U.S. PATENT ANALYSIS BY MARKET PARTICIPANTS(2011–2014)
FIG. 11  EUROPE PATENT ANALYSIS (2011–2014)
FIG. 12  MARKET PLAYER POSITIONING OF HERNIA REPAIR DEVICES AND CONSUMABLES MARKET (2013)
FIG. 13  RECURRENCE RATE OF HERNIA TYPES
FIG. 14  DIFFERENT TYPE OF HERNIAS WITH PERCENTAGE SHARE IN AFRICA
FIG. 15  INGUINAL VS INGUINOSCROTAL HERNIAS IN AFRICA
FIG. 16  FINANCIAL REVENUE OF AESCULAP INC. BY GEOGRAPHY(TOTAL REVENUE GENERATED BY B. BRAUN MELSUNGEN AG IN 2013)
FIG. 17  FINANCIAL REVENUE OF AESCULAP INC. BY BUSINESS GROUP (TOTAL REVENUE GENERATED BY B. BRAUN MELSUNGEN AG IN 2013)
FIG. 18  SWOT ANALYSIS OF B. BRAUN MELSUNGEN AG
FIG. 19  BAXTER INTERNATIONAL REVENUE BY BUSINESS SEGMENTS (2013)
FIG. 20  BAXTER INTERNATIONAL REVENUE BY GEOGRAPHY (2013)
FIG. 21  SWOT ANALYSIS OF BAXTER INTERNATIONAL
FIG. 22  FINANCIAL REVENUE OF DAVOL INC. BY PRODUCT GROUP, 2013 ($MILLION)
FIG. 23  SWOT ANALYSIS OF C.R. BARD MEDICALS (DAVOL INC.)
FIG. 24  SWOT ANALYSIS OF W.L GORE & ASSOCIATES INC
FIG. 25  LIFE CELL FINANCIAL PERFORMANCE ($MILLION)
FIG. 26  SWOT ANALYSIS OF LIFECELL CORPORATION
FIG. 27  SWOT ANALYSIS OF COOPERSURGICALS INC.
FIG. 28  FINANCIAL REVENUE OF ETHICON INC. BY GEOGRAPHY(TOTAL REVENUE GENERATED BY JOHNSON & JOHNSON IN 2013)
FIG. 29  FINANCIAL REVENUE OF ETHICON INC. BY BUSINESS GROUP (TOTAL REVENUE GENERATED BY JOHNSON & JOHNSON IN 2013)
FIG. 30  SWOT ANALYSIS OF ETHICON INC.
FIG. 31  FINANCIAL REVENUE OF MEDTRONIC BY GEOGRAPHY
FIG. 32  FINANCIAL REVENUE OF MEDTRONIC BY BUSINESS GROUP (2013)
FIG. 33  SWOT ANALYSIS OF MEDTRONIC (COVIDIEN)
FIG. 34  SWOT ANALYSIS OF INSIGHTRA MEDICAL INC. 

 

Currently, the hernia repair devices and consumables market is attributed by the increasing 

demand for advanced prosthetics and fixation devices in order to decrease the post-surgical pain 

and recurrence rate. To gain a competitive edge, manufacturers can venture into R&D along with 

the commercialization of advanced prosthetics. For example, development of infection immune 

and hardwearing biologic mesh along with the synthetic mesh results in less chronic pain. 

The only way for an effective hernia treatment is through a surgical procedure that provides 

lasting relief to the patient. No effective substitutes for hernia repair surgeries presently, would 

lead to increase in number of hernia repair surgeries in the future. Therefore, the growth in 

surgical procedures reveals opportunities for hernia fixation devices and the consumables 

manufacturers. 

Hernia repair devices and consumables manufacturers are seeking out for opportunities in 

emerging economies as the government has been taking initiative to increase the awareness 

level among the patient population. The emerging economies, especially BRIC countries now 

indicate a conscious approach towards their healthcare needs due to considerable rise in 

disposable incomes. This factor reveals opportunities for manufacturers to expand their business 

in emerging economies to gain a competitive advantage.

 

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