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.
U.S. Patent analysis by market participants (2011 - 2014)
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.
Global Hernia Devices and Consumables Market, 2020
The "tension-free" repair technique was founded by the Lichtenstein Hernia Institute in 1984. The procedure involves the covering of the hernia opening with a patch or mesh. According to the American College of Surgeons, this technique is considered to be the gold standard of hernia repair. In open tension free repair technique, the surgical mesh acts as a bridge to reinforce the abdominal wall in obstructing the growth of new tissues. The mesh in this technique is placed between the layers of the abdominal wall; however, in laparoscopic surgery the mesh is placed behind the abdominal wall. The Lichtenstein tension-free hernioplasty is currently one of the most popular techniques for the repair of inguinal hernia. To reduce the recurrence rate and to increase the chances of mesh acceptance, the mesh is soaked in antibiotic solution before its implementation; however, the infection might occur within the first two weeks of surgery.
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.
- 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
The hernia repair devices and consumables market is segmented based on product types and geography.
BY PRODUCT TYPE
- Synthetic material
- Biological Material
- Synthetic material
By HERNIA TYPE
- Incisional hernia
- Inguinal hernia
- Femoral hernia
- Umbilical hernia
BY SURGERY TYPE
- Open tension-free repair
- Laparoscopic surgery
- North America