Hernia Repair Industry is Ever Growing at a CAGR During Forecast to 2023

Posted by Shrikant Gadewar on February 17th, 2020

Market Overview: Hernia Repair Market

The Global Hernia Repair Market, As the MRFR Report Reveals, Is Expected to Scale Valuation Of USD 8.5 Billion By 2022.

A hernia is a localized bulge that often appears in the groin or abdomen region. A hernia can be harmless, but it can cause discomfort and pain owing to which removal of it becomes necessary. Its symptoms are not so troublesome. However, abdominal pain is one major factor that hints at the disease is becoming serious. It occurs when the muscular wall or peritoneum that separates abdominal organs weakens or gets dinted. This defect would allow a lump to form. The risk of contracting one increases with age and men are more prone to have this than women.

Some of the factors such as advanced surgeries that can be tension-free and minimally invasive, growing patient population, reduced recovery time, and less post-operative pain can play an integral role in taking the Hernia Repair Market Size forward. Apart from these, innovative product development can trigger greater growth for the hernia repair market. The future of the Hernia Repair Industry also depends much on the strategic tie-ups that have their focus on robotic technology which would help in the growth of the market.

Competitive Landscape: Hernia Repair Market

  •          Versatex Monofilament Mesh
  •          Medtronic
  •          Spacemaker Pro Access & Dissector System
  •          Symbotex Composite Mesh
  •          ReliaTack Articulating Reloadable Fixation Device
  •          AccuMesh Positioning System
  •          ProGrip Laparoscopic Self-Fixating Mesh
  •          AbsorbaTack (ABSTACK30X) Fixation Device
  •          Parietex Composite Ventral Patch

Segmental Analysis: Hernia Repair Market

  •          MRFR’s take on the hernia repair market discusses segmentation based on hernia type, product, and surgery type.
  •          Based on the hernia type, the hernia repair market includes femoral hernia, hiatal hernia, inguinal hernia, umbilical hernia, epigastric hernia, incisional hernia.
  •          Based on the product, the hernia repair market can be segmented into consumables, devices, and others. The consumables segment includes synthetic material and biological material.
  •          Based on the surgery type, the hernia repair market includes open hernia surgery and laparoscopy. The laparoscopy segment has substantial market reach.

Regional Analysis: Hernia Repair Market

The global hernia repair market, as studied in MRFR report, includes the Americas, Europe, Asia Pacific (APAC), and Middle East & Africa (MEA).

Superior healthcare infrastructure and high investment capacity of the region are providing much traction to the Americas’ market owing to which the market can dominate the global field. The coming years would be the same for the region in terms of dominance. North America, with its high patient count, is leading the regional market from the front. At the same time, minimally invasive surgeries are gaining strong ground owing to which expansion for the market is becoming easier.  

The European market is maintaining a slow but steady catching up with the American market as it is also quite similar in terms of features to that of the frontrunner. The market is bound to benefit much from the research and developments where governments are spending substantially.

On the flip side, the APAC market can achieve the fastest growth speed during the CAGR period owing to its huge patient population for hernia repair market. The region is getting strong support from the revamped healthcare structure where the regulations imposed by governments have made the utility of the latest technology all the more necessary.

The MEA market can contribute the least owing to the presence of several economically deprived countries in Africa. The cluster of the advanced healthcare sector is mostly in the Middle East where researches and developments are substantially happening.

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Shrikant Gadewar

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Shrikant Gadewar
Joined: March 1st, 2019
Articles Posted: 274

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