Hernia Repair Devices Market, by Mesh (Synthetic and Biological), by Fixation (Tack, Suture, Staple, and Glue), by Approach (Laparoscopic and Open), by Procedure (Femoral, Umbilical, Incisional/Ventral, Inguinal, and Others), by Care Setting (In-patient and Out-patient): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024

Global hernia repair devices market expected to generate revenue of around USD 6.2 billion by end of 2024, growing at a CAGR of around 4.6% between 2018 and 2024. The global hernia repair devices market is mainly driven by growing prevalence of hernia cases all across the globe.

18-Jul-2018 | Number of pages: 110 | Report Code: ZMR-2967 | Report Format : | Status : Published

Analysis

Hernia is a medical condition which involves abnormal exit of tissue. Hernia repair is the process used for the treatment of this abnormal condition. A combined 20 million cases of both inguinal and femoral hernia repair were performed all across the world in 2003. Moreover, approximately 1.2 million hernias are treated each year only in the U.S. Growing number of cases of hernia all across the globe is estimated to drive the market of hernia over the estimated time.

Increasing adoption of the products which helps in restoring the connection between tissues and muscles with minimum failure and infection rate is propelling the demand of hernia repair device market on the global platform. Additionally, growing awareness about the save procedures along with the prominent investment in research and development by the government and ruling authorities in the hernia repair devices across the globe is expected to act as a significant driving factor for hernia repair devices market. Also, the global burden of this condition is increasing owing to the increasing geriatric population base across the world. Thus, hernia repair devices market has vast potential in terms of large patient pool and the need for the treatment.

Global Hernia Repair Devices Market

Based on the mesh, hernia repair devices market is segmented into synthetic and biological. By mesh segment, biological mesh is estimated to cover the largest market share because of its comparatively fast recovery and minimum pain involved in the procedure.

Based on fixation, hernia repair devices market is segmented as tack, suture, staple, and glue. By the fixation segment, tack is expected to acquire the largest market value share due to its high cost as compared to the other devices used for fixation. Increasing adoption of glue in hernia repair device market is propelling its growth with the highest CAGR in the global market over the forecast period.

Based on the approach, hernia repair devices market is segmented as laparoscopic and open. By approach segment, open approach is covering the largest market value share in the hernia repair device market. But over the period of time laparoscopic is estimated to witness the highest CAGR growth because of its advantages which include minimum pain and fast recovery. Based on the procedure, hernia repair devices market is segmented as femoral, umbilical, incisional/ventral, inguinal, and others. The inguinal procedure is estimated to hold the highest market value share, followed by incisional/ventral and umbilical hernia. Based on care setting, hernia repair devices market is segmented as in-patient and out-patient. 

North America is anticipated to be the dominant region in the hernia repair devices market over the forecast period. Favorable government policies, development in the healthcare infrastructure, and research grant by the government and ruling authorities are expected to propel the growth of the hernia repair devices market in this region. Europe is the second largest market followed by the Asia Pacific. Large population base in the Asia Pacific region, especially India, China, and Japan is the significant accelerating factor for the growth of the hernia repair devices market in this region. The Asia Pacific is expected to show the fastest CAGR growth during the forecast period while Latin America market is projected to grow at a low to moderate rate during the forecast period. The Middle East and Africa are also expected to cover the prominent market value share in the hernia repair devices global market.

Some of the key players in hernia repair devices market include Cook Medical Inc., Cooper Surgicals Inc., Baxter International Inc., B. Braun Melsungen AG, LifeCell Corporation, W. L. Gore & Associates, Inc., C.R. Bard, Herniamesh S. R. L, Ethicon, Inc., Medtronic Plc, Atrium Medical Corporation, Purple Surgical International Ltd., Integra LifeSciences, Betatech Medikal, Insightra Medical Inc., and others.


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