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3. Medtronic plc (Ireland) and Becton Dickinson and Company (US) are Leading players in the Hernia Repair Market

The global hernia repair market is projected to reach USD 5.1 billion by 2029 from USD 4.1 billion in 2024, at a CAGR of 4.2% from 2024 to 2029. The expanding objective includes rising geriatric population, increasing hernia prevalence, increasing adoption of mesh in hernia repair surgeries, technological advancement, new product development, effectiveness of mesh repair and efficient reimbursement system. These key factors are encouraging the growth of hernia repair market globally.

The hernia repair market is moderately competitive, with both established companies and upcoming competitors for the same market share. As of 2022, the key player operating in the global hernia repair market are Ethicon Inc. (US), AbbVie Inc. (US), Medtronic plc (Ireland), Becton Dickinson and Company (US), Baxter International Inc. (US), B. Braun SE (Germany), W. L. Gore & Associates (US), Cook Group Inc (US) and Integra Lifesciences Holdings Corporation (US).

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The key strategies adopted by the top players in this market in the last four years include product approvals, acquisitions and expansions. In 2022, a major share of the Hernia repair market was held by Medtronic plc (Ireland), Ethicon Inc. (US), Medtronic plc (Ireland), Becton Dickinson and Company (US) and AbbVie Inc. (US).

MEDTRONIC PLC (Ireland):

Medtronic is a multinational medical technology company with a significant global presence in the market. The company operates in many countries and has manufacturing, R&D facilities and sales offices worldwide.
Medtronic manufactures and markets wide range of medical devices and services including innovative and effective hernia repair products. The end users of company’s products are hospitals, clinics, third-party healthcare providers, other institutions (including governmental healthcare programs and group purchasing organizations), and distributors.

Medtronic focuses on strengthening its R&D capabilities by increasing its investment in research. The company offers hernia repair products through its subsidiary—Covidien. The company offers tack applicators for mesh fixation. Medtronic offers its mesh fixation tacks under the brand name—ProTack. Covidien also offers synthetic monofilament meshes, composite meshes, and biologic meshes.

BECTON DICKINSON AND COMPANY (US)

Becton Dickinson (BD) is one of the leading medical technology companies in the world. It develops, manufactures, and markets medical devices, instrument systems, and reagents. BD offers various products for inguinal and ventral hernia procedures such as synthetic surgical `mesh, mesh fixation systems, and biologic implants.

Becton Dickinson offers hernia repair products through its subsidiary— C. R. Bard which offers more than 30 products in the hernia repair market.

ETHICON INC. (PART OF JOHNSON & JOHNSON, US):

Ethicon is a manufacturer and supplier of medical device and surgical equipments.Under Johnson & Johnson, the company was incorporated as a subsidiary to provide various products for hernia repair procedures. Ethicon provides a range of solutions for hernia repair and minimally invasive surgeries. The hernia repair products include various types of hernia meshes and fixation devices.

In the global medical devices market, the company is known for incorporating advanced surgical technologies into its products. Ethicon is one of the key market players in the hernia repair market. The company invests in R&D to produce its diverse product portfolio.

Related Reports:

Hernia Repair Market by Product (Mesh (Synthetic, Biologic), Suture (Absorbable, Non-Absorbable), Tack, Glue Applicator), Indication (Inguinal, Incisional, Umbilical, Epigastric, Femoral, Hiatal), Surgery, End-user - Global Forecast to 2029

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Mr. Aashish Mehra
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