Hernia Repair Market is Expected to Reach USD 8.5 Billion by 2022
Market research future has a half cooked research report on global hernia repair market. The global market for hernia repair is growing continuously and expected to reach USD 8.5 Billion by the end of 2022.
Taste the market data and market information presented through more than 50 market data tables and figures spread over 80 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Hernia Repair Market Research Report – Global Forecast to 2022”.
The global hernia repair market has been evaluated as steadily growing market and it is expected that the market will continue to grow similarly in the near future. Hernia is a protrusion of an organ through a weak spot in the surrounding connective tissue called as a fascia. There are several types of hernia among which the most common are inguinal (inner groin), incisional (resulting from an incision), and femoral (outer groin). Apart from these, there are some other types such as umbilical (belly button), and hiatal (upper stomach) hernia. Hernia can be caused due to anything that causes an increase in pressure in the abdomen. There are some major factors in the advancements in the hernia repair such as transition into tension-free technique that incorporates the use of flat sheets of mesh instead of sutures, adoption of large pore meshes, and the adoption of laparoscopic surgeries instead of conventional open technique. Laparoscopic surgery being the minimally invasive surgery has several advantages over conventional open tension-free surgery. The use of laparoscopic surgery has proved to be favorable for both surgeons and patients as it offers benefits such as low recurrence rates, less post-operative pain and reduced recovery time.
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Besides that, major companies in the business are involving in the product development for the treatment of different types of hernia. For example, Medtronic Inc. has launched AbsorbaTack 30X, an absorbable fixation device. Such fixation devices provide comfort as well as double strength fixation which ultimately reduces recurrence rate of the hernia. Increasing number of hernia patients, adoption of the minimally invasive surgery techniques such as laparoscopy for hernia repair and innovative product development by the leading market players are some of the factors that boost the growth of the hernia repair market.
Key Players of Hernia Repair Market:
- M.I. GmbH
- Angiologica B.M.
- Aspide Medical
- Atrium Medical Corporation
- Braun Melsungen AG
- Baxter Internationals
- Cook Medical Inc.
- Cousin Biotech
- Integra LifeSciences Corporation
Hernia Repair market has been segmented on the basis of hernia type which comprises of inguinal hernia, femoral hernia, umbilical hernia, incisional hernia, epigastric hernia, hiatal hernia. On the basis of product, the market is segmented into devices, consumables, others. Consumables are further divided into synthetic material and biological material. On the basis of surgery type, market is segmented into open hernia surgery, laparoscopy.
Brief TOC for Hernia Repair Market:
1.2 Scope Of Study
1.2.1 Research Objective
1.2.2 Assumptions & Limitations
1.3 Market Structure
2 Research Methodology
2.1 Research Process:
2.2 Primary Research
2.3 Secondary Research
3 Market Dynamics
3.4 Macroeconomic Indicators
4 Market Factor Analysis
4.1 Porters Five Forces Model
4.2 Bargaining Power Of Suppliers
4.3 Bargaining Power Of Buyers
4.4 Threat Of New Entrants
4.5 Threat Of Substitutes
4.6 Intensity Of Rivalry
5 Global Hernia Repair Market, By Hernia Type
5.1 Inguinal Hernia
5.2 Femoral Hernia
5.3 Incisional Hernia
5.4 Umbilical Hernia
5.5 Epigastric Hernia
5.6 Hiatal Hernia
Depending on geographic region, hernia repair market is segmented into four key regions: Americas, Europe, Asia-Pacific, and Middle East & Africa. Considering the global scenario of the market, Americas region is believed to be the largest market for hernia repair. North America is the leading market in the America region. Moreover, the European market is also growing continuously and slowly catching up with the American market in the near future. On the other hand, Asia-Pacific market is expected to grow at the fastest pace in the hernia repair segment during the forecast period. Middle East & Africa region are likely to have a limited but steady growth in the market.
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