Medtronic, ETHICON (A subsidiary of Johnson & Johnson Services, Inc.), and B. Braun Melsungen AG Dominated the Global Hernia Repair Devices (Permanent and Absorbable Hernia Fixation) Market in 2021

The Global Hernia Repair Devices (Permanent and Absorbable Hernia Fixation) Market is expected to grow with a CAGR of 6.8% in the forecast period of 2022 to 2029. The years considered for the study are as mentioned below.

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The global hernia repair devices (permanent and absorbable hernia fixation) market is highly consolidated, including a specific number of key players. The market has witnessed increased strategic developments owing to a favorable market scenario.

The major players dealing in the global hernia repair devices (permanent and absorbable hernia fixation) market are introducing a strong range of products launching new products, and adopting strategic initiatives such as acquisition, agreement, business expansion, awards and recognition in the market. This helped companies to maximize sales with an enhanced product portfolio.

For instance:

  • In July 2021, B.D. (Becton, Dickinson and Company) announced it has acquired Tepha, Inc., a leading developer and manufacturer of proprietary resorbable polymer technology. The acquisition of Tepha provides strategic vertical integration of a critical supply chain component for B.D.'s existing Phasix Mesh products. Tepha's GalaFLEX portfolio, also based on the novel P4HB polymer, is included in the acquisition.

Medtronic is the dominating player in the global hernia repair devices (permanent and absorbable hernia fixation) market. The other key players existing in the market are B.D., Cook Group, Inc., W. L. Gore & Associates, Inc., ETHICON (A subsidiary of Johnson & Johnson Services, Inc.), Vivostat A/S, Baxter, Cooper Surgical Inc. (A Division of The Cooper Companies Inc.), Betatech Medical, BioCer Development GmbH, pfm medical ag, B. Braun Melsungen AG, Integra LifeSciences, AbbVie Inc., BIOSISHEALING, Herniamesh S.r.L., Dipromed Srl, Meril Life Sciences Pvt. Ltd., Insightra Medical, Inc., Invamed, Secure Surgical, Corp., DemeTECH, Cousin Surgery.

Hernia Repair Devices

Medtronic

Medtronic is headquartered in Minneapolis, U.S., and was founded in 1979. The company is focused on biomedical engineering in the research, design, manufacture, and sale of instruments or appliances that alleviate pain, restore health and extend life. The various product categories of the company include Cardiac Surgery, Electrophysiology, Gastroenterology, Hernia Repair, Interventional Cardiology, and Spine Surgery, in which hernia repair is the market focused category.

  • In April 2022, Medtronic and G.E. Healthcare announced a collaboration focused on the unique needs and demand for care at Ambulatory Surgery Centers (ASCs) and Office-Based Labs (OBLs). Under this new collaboration, customers can access extensive product portfolios, financial solutions, and exceptional service. This collaboration will increase the sales of the companies through these centers.

The company has a wide presence across Americas, Europe, Africa, Asia, and Oceania. In addition, the company also generates its revenue from various subsidiaries, including Arterial Vascular Engineering U.K. Limited (United Kingdom), AVE Connaught Ireland, AVE Galway Limited (Ireland), AVE Ireland Limited (Ireland), AVECOR Cardiovascular Limited (United Kingdom), B.V. Medtronic FSC (Netherlands), Cardiotron Medizintechnik G.m.b.H. (Germany), among others.

ETHICON (A subsidiary of Johnson & Johnson Services, Inc.)

ETHICON (A subsidiary of Johnson & Johnson Services, Inc.) is headquartered in New Jersey, U.S., and was founded in 1948. The company focuses on providing better surgical solutions for patients worldwide. The various product categories of the company include Access, Adjunctive Hemostats, Digital Solutions, Energy Sealing & Dissecting, Hernia Mesh & Fixation, Ligation, Magnetic Sphincter Augmentation, Microwave Ablation, Other Endoscopic Instruments, Surgical Stapling, Uterine & Pelvic, Vascular Access & Infection Control, Wound Closure in which hernia mesh and fixation is a market-focused category.

For instance,

  • In July 2021, Ethicon announced its state-of-the-art and fully functional surgical lab on wheels would travel to hospitals in 70 locations across America, providing surgeons and other healthcare professionals the opportunity for hands-on learning experiences and demonstrations with the newest technologies for colorectal and bariatric gynecological and thoracic procedures. This surgical lab on wheels will increase the awareness of the company's products hence increasing its salest.

The company has a presence across North America, Asia Pacific, South America, Europe, Middle East and Africa.

B. Braun Melsungen AG

B. Braun Melsungen AG is headquartered in Hesse, Germany, founded in 1839. The company focuses on smart solutions and sets standards to improve patient and ambulatory healthcare. The various product categories of the company include solutions and therapies, of which solution is the market focused category.

The company has a presence across Americas, Europe, Asia-Pacific, Middle East & Africa. In addition, the company also generates its revenue from various subsidiaries including Aesculap AG, Tuttlingen, Aesculap Akademie GmbH, Tuttlingen, AESCULAP INTERNATIONAL GMBH, Tuttlingen, AESCULAP SUHL GMBH, Suhl, BBM Group Insurance Broker GmbH, Melsungen B. Braun Ambulantes Herzzentrum Kassel MVZ GmbH, Kassel, B. Braun Avitum AG, Melsungen B. Braun Avitum Saxonia GmbH, Radeberg among others.