Global Hernia Repair Market – Industry Analysis and Forecast
Global Hernia Repair Market was valued US$ 3.78 Bn in 2018, and expected to reach US$ XX Bn by 2026 at CAGR of XX% (Detailed analysis of the market CAGR is provided in the report).
Global Hernia Repair Market by GeographyGlobal Hernia Repair Market is segmented by products, surgery type, and geography. Products segment is sub segmented as mesh, and mesh fixation. Mesh application segment is estimated to hold the largest market share in the forecast period due to the higher prices of meshes compared to mesh fixators. Surgery type segment is bifurcated as Inguinal, Incisional/Ventral, Umbilical, Femoral. Hernia type is bifurcated as Incisional Hernia, Umbilical Hernia, Inguinal Hernia, Femoral Hernia, and Others. The market based on geography is segmented by North America, Europe, Asia-Pacific, Middle East & Africa and Latin America.
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. The rising adoption of mesh in hernia repair surgeries, rising geriatric population, new product developments, and favorable reimbursement scenario in developed countries are the major factors driving the growth of this market.
The growth of the global hernia repair devices and consumables market is majorly driven by increase in prevalence of hernia, especially inguinal hernia. Other factors boosting the market growth include rise in adoption of tension-free repair procedures, technological advancement in the mesh materials such as biological mesh by key players, and surge in demand for robotic surgeries. North America is expected to dominate the Hernia Repair Market in forecast period followed by APAC and Europe. The large share of North America in this market can be attributed to the strong demand for and adoption of hernia repair in the US, presence of a large pool of hernia patients, and an efficient and favorable healthcare system are supporting the growth of the hernia repair market in North America.
Key Players in the Global Hernia Repair Market Are B. Braun Melsungen AG, Baxter International Inc., C.R. Bard, W. L. Gore & Associates, Inc., LifeCell Corporation, Herniamesh S. R. L., Medtronic Plc., Ethicon, Inc., Cook Medical Inc., Cooper Surgicals Inc., Insightra Medical Inc., Atrium Medical Corporation, Betatech Medikal, Purple Surgical International Ltd., Integra LifeSciences, Covidien, Maquet, DIPROMED, FEG, Cousin Biotech
The objective of the report is to present comprehensive Global Hernia Repair Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
The report also helps in understanding Global Hernia Repair Market North America for Asia Pacific dynamics, structure by analyzing the market segments, and project the Global Hernia Repair Market North America for Asia Pacific size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Hernia Repair Market North America for Asia Pacific make the report investor’s guide.
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