Global Hernia Repair Market (2015-2027) – By Product Type , By Application, By Distribution Channel, By Country, Competition, Forecast & Opportunities: Proficient Market
At Proficient Market, Global Hernia Repair Market research report presents a comprehensive overview of market size, share, evolution, trends, and forecast, and growth opportunities of hernia repair market by product type, application, key manufacturers and key regions and countries. This report offers comprehensive analysis on global hernia repair market along with, market trends, drivers, and restraints of the hernia repair market. In-depth study of market size with data Tables, Bar & Pie Charts, and Graphs & Statistics which helps easy to understand detailed breakdown of market.
According to the report, global hernia repair market in 2018 stood at USD 4 Billion and is expected to reach USD 5.05 Billion by 2026 growing at a CAGR of 2.98% from 2019 to 2026.
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Hernia is a medical condition in which 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 it is one of the most commonly used surgical procedures all over the world. Generally, most of the hernias occur in the abdomen between the chest and abdomen but it may occur in the upper thighs and groin areas. In hernia repair surgery there is returning of the displaced tissues to their respective position. Mainly, the symptoms of a hernia can be observed during resting and running or walking. Also, the common types of abdominal wall hernias include an inguinal hernia, spigelian hernia, obturator hernia, femoral hernia, umbilical hernia, incisional hernia, epigastric hernia and diaphragmatic hernia. Moreover, there are three types of treatment options for a hernia which include medication, surgery and change in lifestyle.
Global Hernia Repair Market Key Players: The research study includes profiles of leading companies operating in the global hernia repair market. Key players profiled in the report include:
Angiologica B.M. S.R.L.
Aspide Medical S.A.S.
B. Braun Melsungen AG
C.R. Bard Inc.
Kollsut International Inc.
W. L. Gore & Associates Inc.
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Drivers for the Global Hernia Repair Market: According to current market condition, the world market for hernia repair devices is rising mainly due to the growing number of hernias around the world. Other factors that drive the growth of the market is the increase in the adoption of stress-free repair procedures, technological advances in mesh materials such as biological mesh and increased demand for key players and robotic surgery. Apart from that, the factors that drive the world market for hernia repairs include the high rates of adoption of open and non-destructive treatment procedures and the high technological advances in consumables, such as the biological meshes offered by the main players and the demand for robotic surgery.
Opportunities for the Global Hernia Repair Market: The increasing prevalence of hernia is one of the key reasons which is expected to increase the demand for hernia repair services and devices in the near future. Also, the development of novel products by key vendors such as biological mesh and high market potential in untapped emerging economies are expected to provide lucrative growth opportunities for the market. Furthermore, as technology advances across the globe, minimally invasive technology is being adopted for the treatment of hernia. This is expected to further augment the opportunities for the demand of the hernia repair market in the future.
Restrains for the Global Hernia Repair Market: High cost of hernia repair surgeries and inconsistent reimbursement policies hamper the market growth.
Region Wise, Global Hernia Repair Market Analysis: The market includes North America, Europe, Asia Pacific, Latin America, Middle East and Africa. The world market is led by North America due to the improvement of the welfare facilities and the greater incidence of hernias. Government initiatives and the growth of awareness among people are some of the main drivers of the region’s market. North America region is followed by Asia pacific and Europe.
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Global Hernia Repair Market: Product analysis
The hernia mesh fixators segment is expected to grow at the highest CAGR during the forecast period. This significant growth of the segment is attributed to the rising adoption of surgical glue as mesh fixators.
Global Hernia Repair Market: Application analysis
Based on surgery, the hernia mesh market is segmented into inguinal hernia, incisional hernia, femoral hernia, and umbilical hernia. Of these, the inguinal hernia segment is expected to account for the largest market share. The large share of this segment is attributed to the high number of inguinal hernia repair surgeries performed worldwide every year.
Global Hernia Repair Market Market: Region analysis
North America: U.S., Canada, Mexico
Europe: U.K., France, Germany, Spain, Italy, Rest of Europe
Asia Pacific: China, Japan, South Korea, ASEAN, India
Rest of Asia Pacific: Latin America, Brazil, Argentina, Colombia, Rest of L.A.
Middle East and Africa: Turkey, GCC, UAE, South Africa, Rest of Middle East
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