global hernia repair market is expected to grow demand for minimally invasive procedures, rising geriatric population. Research & development for manufacturing innovative products & favorable reimbursement scenario in developed countries is expected to boost the growth of the hernia repair devices and consumables market.
Dallas, United States - March 12, 2019 /MarketersMedia/ —
Adroit Market Research launched a report on, Global Hernia Repair Market Size 2017 By Product (Consumables {Synthetic Mesh and Biological Mesh}, Surgical Devices), By Procedure (Tension Free, Open Hernia and Laparoscopic), By Region and Forecast 2018 to 2025 . The study covers the global hernia repair market growth for a period ranging in between 2015 to 2025. The global hernia repair devices and consumables market report also includes qualitative insights such as pipeline analysis, Porter s Five Forces analysis, drivers and restraints. The study covers information regarding the hernia repair market treatments.
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By 2025, the global hernia repair market size is estimated to reach USD 5.55 billion due to the rising demand for advanced meshes, the high recurrence rate of hernia, increase in adoption of robotic surgeries, and surge in geriatric population. Factors such as technological advancements, opportunities in emerging economies, and collaborative approaches of legal authorities across emerging economies are expected to favor the global hernia repair market growth during the forecast period between 2018 and 2025.
On the basis of the product, the global hernia repair market is segmented into consumables and surgical devices. The consumables segment is further sub-segmented into the synthetic and biological mesh. Globally, the synthetic mesh segment dominated the global hernia repair consumables market with more than 60% share whereas biological mesh is expected to emerge as the most lucrative segment by 2025. In the U.S. the biological mesh has appealed more advantages as compared to synthetic mesh, however, these meshes are not widely favored in Europe and other regions owing to high cost and easy availability of its counterpart.
On the basis of region, Asia Pacific contributed the majority of the global hernia repair devices and consumables market share in 2017 and is expected to grow with the highest CAGR of 4.4% over the forecast period. Continuous research on developing novel operating techniques to provide low-cost treatment is one of the major factors for regional growth. For instance, in May 2017, Sir Ganga Ram Hospital introduced 555 techniques which dig smaller holes compared to conventional techniques. Such trends are expected to improve the quality of services offered by medical practitioners.
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The Middle East and Africa hernia repair market are also expected to grow steadily at a 3.7% CAGR pertaining to the presence of a large number of diagnosed cases. Continually improving healthcare infrastructure, majorly in countries such as UAE and Qatar, is expected to drive the growth by 2025. For instance, Al Wakra Hospital, which is based in Qatar, is making use of the innovative Da Vinci robotic surgical system for a varied range of surgeries such as general surgery, ENT, gynecology, and bariatric surgery among others. The robotic surgery program which started in 2016 has benefitted more than 160 patients for hernia repair surgery. The surgery makes use of an advanced technique which comprises minimal incision and thus reduces the chance of infection for the patient and helps in faster recovery.
Furthermore, advancement in the types of surgical mesh for hernia repair in the U.S. is expected to boost the growth of this market in the region. For instance, surgeons at Creighton University Medical Center-Bergan Mercy are preparing to provide a hybrid surgical technique for repairing abdominal hernias which have been pioneered in Germany. This new technique is expected to reduce the recovery time that comes as compared to traditional open surgery and lessen the likelihood of complications. Such trends are expected to drive the regional hernia repair market growth for over the forecast period.
Baxter International, C.R.Bard, Cook Medical, Medtronic, B Braun Melsungen AG, Aspide Medical, Cousin Biotech, Atrium, LifeCell Corporation, Dipro Medical Devices Slr, W.L. Gore & Associates, and Ethicon, Inc. among others are the leading players present within the global hernia repair market. For instance, TELA Bio, Inc. is a privately-owned company in the United States focuses on developing advanced, economical, surgical reconstruction solutions to hospitals, patients and surgeons. After Aroa Biosurgery received the 510k clearance in January 2019, TELA Bio (in collaboration with Aroa Biosurgery) began commercialization of OviTex Reinforced bioscaffolds (large size) for abdominal wall reconstruction and hernia repair after.
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Key segments of the global hernia repair market
Product Overview, 2015-2025 (USD Million)
Consumables
Synthetic Mesh
Biological Mesh
Surgical Devices
Procedure Overview, 2015-2025 (USD Million)
Tension Free
Open Hernia
Laproscopic
Regional Overview, 2015-2025 (USD Million)
North America
U.S.
Europe
Germany
UK
France
Asia-Pacific
China
Japan
India
Central & South America
Middle East & Africa
What does the report include?
The report focuses on hernia repair market on the basis of product and procedures
The study on the global hernia repair market treatments includes qualitative factors such as pipeline analysis, drivers, restraints and opportunities.
The study covers qualitative and quantitative analysis of the market segmented on the basis of product, procedure and region. Moreover, the study provides similar information for the key geographies
Actual market sizes and forecasts have been provided for all the above-mentioned segments
The study includes the profiles of key players in the market with a significant global and/or regional presence
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