The hernia repair devices market is expected to grow significantly in the coming years due to an increase in the number of hernia cases and the rise in demand for minimally invasive surgical procedures. Factors such as the aging population, the increasing prevalence of obesity, and the growth of medical tourism are also driving market growth. Technological advancements and product innovations in hernia repair devices, such as biologic meshes and robotic-assisted surgeries, are further contributing to market growth. However, the high cost of devices, the lack of skilled healthcare professionals, and product recalls due to safety concerns are some of the challenges that may hinder market growth. Overall, the hernia repair devices market is expected to continue to grow as the demand for effective and minimally invasive hernia repair procedures increases.
Global Hernia Repair Devices Market is estimated to be valued at US$ 7,275.7 million in 2022 and is expected to exhibit a CAGR of 7.6% during the forecast period (2022-2030).
Market Leaders in the Hernia Repair Devices Industry:
1. Johnson & Johnson Services, Inc.
This is a multinational corporation that specializes in the manufacture and distribution of medical devices, pharmaceuticals, and consumer health products. The company was founded in 1886 and is headquartered in New Brunswick, New Jersey, USA. Some of its well-known brands include Tylenol, Band-Aid, and Neutrogena. In July 2021, the company announced the launch of its CONTOUR Precision Mesh with Flex-Fit technology, which is designed to provide better fit and comfort to patients undergoing hernia repair surgery.
2. Cooper Companies Inc.
This is a global medical device company that specializes in the manufacture and distribution of contact lenses, surgical instruments, and diagnostic products. The company was founded in 1958 and is headquartered in San Ramon, California, USA. Some of its well-known brands include Biofinity, Avaira, and Clariti. In November 2020, the company completed the acquisition of obp Medical Corporation, which develops and manufactures disposable surgical devices, including hernia mesh products.
3. Lifecell Corporation (Allergan Plc)
This is a regenerative medicine company that specializes in the manufacture and distribution of tissue repair products. The company was founded in 1995 and is headquartered in Bridgewater, New Jersey, USA. In 2020, the company was acquired by Allergan Plc. In October 2020, the company announced the launch of its Strattice Open-Weave Tissue Matrix, which is a biologic mesh used for soft tissue reinforcement in hernia repair surgeries.
4. W. L. Gore & Associates, Inc.
This is a global materials science company that specializes in the manufacture and distribution of medical devices, industrial products, and consumer goods. The company was founded in 1958 and is headquartered in Newark, Delaware, USA. Some of its well-known products include Gore-Tex fabric and medical devices such as stent grafts and patches. In May 2021, the company announced the launch of its GORE SYNECOR Intraperitoneal Biomaterial, which is a hybrid mesh designed for use in laparoscopic hernia repair procedures.
5. Maquet Holding B.V. & Co. KG.
This is a global medical technology company that specializes in the manufacture and distribution of surgical equipment and devices, respiratory care products, and anesthesia systems. The company was founded in 1838 and is headquartered in Rastatt, Germany. It is a subsidiary of Getinge AB, a Swedish medical technology company. In October 2020, the company announced the launch of its X-coated Hernia Mesh, which is a lightweight mesh designed for use in laparoscopic hernia repair surgeries.
6. Becton, Dickinson and Company
This is a global medical technology company that specializes in the manufacture and distribution of medical devices, laboratory equipment, and diagnostic products. The company was founded in 1897 and is headquartered in Franklin Lakes, New Jersey, and USA. Some of its well-known products include BD Vacutainer blood collection tubes and BD Alaris infusion pumps. In March 2021, the company announced the launch of its Progel Pleural Air Leak Sealant, which is used in thoracic surgery, including hernia repair surgeries.
7. Medtronic Plc
This is a global medical technology company that specializes in the manufacture and distribution of medical devices and therapies. The company was founded in 1949 and is headquartered in Dublin, Ireland. Some of its well-known products include insulin pumps, pacemakers, and spinal implants. In August 2020, the company announced the launch of its Hugo robotic-assisted surgery system, which is used in hernia repair surgeries, among other procedures.
8. Cook Medical Inc.
This is a global medical technology company that specializes in the manufacture and distribution of medical devices and equipment. The company was founded in 1963 and is headquartered in Bloomington, Indiana, USA. Some of its well-known products include endovascular grafts, biopsy needles, and stents. In May 2021, the company announced the launch of its Biodesign Hernia Graft, which is a biologic mesh designed for use in hernia repair surgeries.
9. Baxter International Inc.
This is a global healthcare company that specializes in the manufacture and distribution of medical devices, pharmaceuticals, and nutritional products. The company was founded in 1931 and is headquartered in Deerfield, Illinois, USA. Some of its well-known products include IV solutions, anesthesia products, and renal care products. In September 2020, the company announced the launch of its AbThera Open Abdomen Negative Pressure Therapy System, which is used in the management of open abdominal wounds, including those resulting from hernia repair surgeries.
10. B. Braun Melsungen AG
This is a global medical technology company that specializes in the manufacture and distribution of medical devices and equipment. The company was founded in 1839 and is headquartered in Melsungen, Germany. Some of its well-known products include infusion pumps, catheters, and surgical instruments. In November 2020, the company announced the launch of its LITE mesh, which is a lightweight mesh designed for use in laparoscopic hernia repair surgeries.
*Definition- Hernia repair devices are medical tools or implants used during surgical procedures to treat a hernia, which is a condition where an organ or tissue bulges through a weak spot or opening in the surrounding muscle or connective tissue.
