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Global Hernia Repair Devices Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2022-2027

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Global Hernia Repair Devices Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2022-2027

August 08
20:31 2022
Global Hernia Repair Devices Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2022-2027
Global Hernia Repair Devices market Report and Forecast 2022-2027
Global Hernia Repair Devices Market to be Driven by the High Incidence of Hernia in the Forecast Period of 2022-2027 

The new report by Expert Market Research titled, ‘Global Hernia Repair Devices Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global hernia repair devices market, assessing the market based on its segments like products, procedures, surgery types, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

  • Forecast CAGR (2022-2027): 7%

The high incidence of hernia is creating the demand for efficient hernia repair, which is expected to boost the global market growth over the forecast period. The significant factors contributing to the growth of the hernia repair devices market include the high adoption rate of tension-free hernia repair surgical procedures, an increase in demand for advanced mesh, and the rising adoption of robotic surgeries. The increased adoption rate of laparoscopic hernia surgeries lead to the increased usage of advanced fixation devices, thereby boosting the market growth. Increasing medical tourism, affordable treatment, and rising healthcare reimbursements are some of the factors driving the market globally. Moreover, due to a huge patient pool, demand for hernia repair devices is expanding in Asian countries, particularly Japan and China. With a large number of undiagnosed and untreated cases in the region, the market is likely to rise rapidly.

Industry Definition and Major Segments

Hernia is a condition in which the inner layers of the abdominal muscles weaken, and the stomach lining bulges out into a tiny sac. It can affect the navel (umbilical hernia), the groin (inguinal hernia), or the surgical incision site (post-surgery hernia). Hernias can be treated with two methods: watchful waiting and surgical operations.

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By product, the market is segmented into:

  • Polymeric and Prosthetic Mesh
  • Endoscopy Instruments
  • Surgical Instruments
  • Biological Materials
  • Others

By procedure, the market is classified into:

  • Open Surgery
  • Tension-Free Repair
  • Laparoscopic Surgery
  • Others

By surgery type, the market is divided into:

  • Inguinal Hernia
  • Umbilical Hernia
  • Incisional Hernia
  • Femoral Hernia
  • Others

On the basis of region, the market is segmented into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

Key factors contributing to market growth include favourable reimbursement policies and technological advancements related to repairing devices. Technological advancements in hernia repair devices have rapidly increased in recent years. Advancements, such as articulating fixation devices and self-fixating (gripping) meshes, are developed to overcome the problems occurring during laparoscopic processes. Such devices offer surgeons better access to weak spots within the abdominal wall and enable them to securely place the mesh at the desired body site, which is likely to boost the market growth. Sedentary lifestyles, an increasing elderly population, and a high recurrence rate of hernia are some of the factors driving the market growth in North America. Moreover, rising healthcare expenditure and faster FDA approvals are adding to the market growth in the region.

Key Market Players

The major players in the market are Medtronic plc, Johnson & Johnson Services, Inc., Becton, Dickinson and Company, Atrium Insight Inc., W. L. Gore and Associates, Inc., B. Braun Melsungen AG, Baxter International, Inc., and Cook Group Incorporated, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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