Hernia Repair Market 2019 An Insight on the Important Factors & Trends Influencing the Market | Baxter International, C.R.Bard, Cook Medical, Medtronic, B Braun Melsungen AG, Aspide Medical, Cousin Biotech, Atrium, LifeCell Corporation
Global hernia repair market is segmented into several classifications including a product overview, procedure overview, and regional overview. In terms of product overview, hernia repair market is categorized into consumables, synthetic mesh, biological mesh, and surgical devices. On the basis of procedure overview hernia repair market is classified into tension free, open hernia, laparoscopic.
Hernia is a medical condition where an organ or fatty tissue bulges out through a weak spot where they are normally contained. Hernia repair is a surgical operation for the treatment of a hernia, and is one of the most commonly performed surgical procedures worldwide. Approximately three million hernia procedures are performed worldwide, among them about 1.2 million hernia repair procedures are performed alone in the U.S. every year
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Previously in 2018, Global Hernia Repair Market size was valued at USD 4.22 billion and estimated to project the value of USD 5.55 billion in 2025, registering a CAGR of 3.5 % during the forecast period. The global hernia devices are growing at an exponential rate due to increase in hernia cases, growing acceptance of robotic surgeries, and rising geriatric population base.
Increasing incidence rates of obesity and rising demand for advanced biological meshes are the other major factors which are anticipated to drive the market during the forecast period. According to the National Center for Health Statistics, around 800, 00 groin hernias were treated in the U.S. in 2003. Whereas, in Australia, inguinal hernias are common, with approximately 3 percent women and 27 percent men developing one during their lifetime.
In 2003, the U.S. surgeons performed an estimated 770,000 surgical repairs of inguinal hernia. Due to the increasing demand for advanced biological, synthetic meshes are becoming a major competitive factor and adoption of tension-free hernia repair procedure is estimated to project the further drive of hernia repair devices market.
Looping on the regional overview, the global hernia repair industry is a wide range to North America, US, Europe, Germany, Asia Pacific, China, Central & South America, Brazil, Middle East & Africa and UAE.
The hernia repair market is influenced by North America due to improved health care facilities and increasing incidence rate of hernia disorder cases. Government initiatives and raising awareness among people are some of the key factors driving the market in the region. Moreover, Asia Pacific is followed by Europe and is anticipated to witness lucrative growth in the coming years. Furthermore, India and China are considered as the fastest growing market in the Asia-Pacific region owing to the presence of a large patient pool, increasing government funding in healthcare facilities, and a large investment by the major companies in the country. High cost for the hernia repair devices and inconsistent repair policies are the major restraints for the market of hernia repair devices.
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Key vendors are focusing on offering new products to overcome the adverse effects of traditional meshes used during the surgery. Ariste Medical is a preclinical stage company and manufacturer of drug-eluting surgical implants for the prevention of common causes of device failure developed a drug-eluting mesh for hernia repair. Moreover, it helps in preserving the functionality of the mesh and provides the best outcome for the patient. Such innovations are estimated to gain benefits to the manufacturers to increase their share within the global hernia repair market.
Leading players the global hernia repair market include C.R. Bard, Medtronic, Cook Medical, Aspide Medical, Atrium, LifeCell Corporation, Dipro Medical Devices Slr, W.L. Gore & Associates, Ethicon, Inc., Baxter International, B Braun Melsungen AG, Cousin Biotech and more others.
Key segments of the global hernia repair market
Product Overview, 2018-2025 (USD Million)
- Synthetic Mesh
- Biological Mesh
- Surgical Devices
Procedure Overview, 2018-2025 (USD Million)
- Tension Free
- Open Hernia
Regional Overview, 2018-2025 (USD Million)
- North America
- Asia Pacific
- Central & South America
- Middle East & Africa
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What does the report include?
The report focuses on hernia repair market on the basis of product and procedures
- The study on the global hernia repair market treatments includes qualitative factors such as pipeline analysis, drivers, restraints and opportunities.
- The study covers qualitative and quantitative analysis of the market segmented on the basis of product, procedure and region. Moreover, the study provides similar information for the key geographies
- Actual market sizes and forecasts have been provided for all the above-mentioned segments
- The study includes the profiles of key players in the market with a significant global and/or regional presence
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