Hernia Repair Market Size, Share, Opportunities and forecast to 2030
The
market for hernia repair is growing steadily and expected to continue its
growth similarly in near future. Hernia
can be caused due to anything that causes an increase in pressure in the
abdomen. Hernia is a protrusion of an organ through a weak spot in the
surrounding connective tissue called as a fascia. Some of the major factors in
the advancements in the hernia repair such as transition into tension-free
technique that incorporates the use of flat sheets of mesh instead of sutures,
adoption of large pore meshes, and the adoption of laparoscopic surgeries
instead of conventional open technique. Laparoscopic surgery being the
minimally invasive surgery has several advantages over conventional open
tension-free surgery.
Hernia
Repair Market overview and analysis by hernia, products, surgery type -
Forecast to 2030. The Hernia Repair Market
is anticipated to grow at a substantial CAGR of 4.40%. It is projected that the
Market Value will further reach up to USD 8.5 Billion in the forecast period
2022-2030.
the
global hernia repair market is expected to grow significantly over the forecast
period due to increasing prevalence of hernia and other abdomen-related
disorders. The rising geriatric population that is more susceptible to such
ailments is also providing a boost to the market growth. The development of
biologic allograft mesh with improved efficiencies is acting as another growth-inducing
factor. The availability of minimally invasive (MI) hernia repair devices has
also contributed to the market growth. However, it is important to note that
these devices should only be used under the guidance of a medical professional.
The
use of laparoscopic surgery has proved to be favourable for both surgeons and
patients as it offers benefits such as low recurrence rates, less
post-operative pain and reduced recovery time. According to the reports nearly
90,000 laparoscopic hernia repair surgeries are performed in United States
every year which drives the market to a great extent. Increasing number of
hernia patients, adoption of the minimally invasive surgery techniques such as
laparoscopy for hernia repair and innovative product development by the leading
market players are some of the factors that boost the growth of the hernia
repair market. The study was conducted using an objective combination of
primary and secondary information including inputs from key participants in the
industry.
Global
Hernia Repair Market - Competitive Analysis
October
2015 - Cook Medical demonstrated Zenapro, hernia repair technology which is a
next-generation hybrid that combines outer layers of extracellular matrix with
a polypropylene mesh. This technology is already cleared by regulatory agencies
(FDA) and available in the U.S. and Europe market, the Zenapro Hybrid Hernia
Repair Device integrates a layer of strong, open-weave polypropylene mesh
within several layers of small intestinal sub- mucosa extracellular matrix
(ECM) biomaterial.
March
2014 - Covidien had launched its Symbotex composite mesh in the U.S. market for
surgical laparoscopic and open ventral hernia repair. This hernia repair
product featured a macro porous monofilament, hydrophilic textile in a
three-dimensional construction that allowed reinforced strength, memory shape
and significant tissue ingrowth and this product includes a bio absorbable
collagen film on the visceral side which minimises tissue attachments.
Global
Hernia Repair Market - Regional Analysis
Depending
on geographic region, hernia repair market report is segmented into four key regions: Americas,
Europe, Asia-Pacific, and Middle East & Africa. Considering the global
scenario of the market, Americas region is believed to be the largest market
for hernia repair. North America is the leading market in the America region
due to increasing hernia patient population, increasing adoption of minimal
invasive surgeries. Moreover, minimally invasive means the degree of
invasiveness of the procedure is minimum, thus, is also referred as key whole
surgery. At the University of Chicago Medicine, over 70% of major lung
resection surgeries are performed using minimally invasive techniques.
Furthermore, the European market is also growing continuously and slowly
catching up with the American market soon. On the other hand, Asia-Pacific
market is expected to grow at the fastest pace in the hernia repair segment
during the forecasted period. Middle East & Africa region are likely to
have a limited but steady growth in the market.
Hernia
Repair Market Players
The
hernia repair market players include A.M.I. GmbH (Austria), Angiologica B.M.
(Italy), Aspide Medical (France), Atrium Medical Corporation (Germnay), B.
Braun Melsungen AG (Germany), Baxter Internationals (U.S.), C. R. Bard, Inc.
(Davol Inc) (U.S.), COOK MEDICAL INC. (U.S.), Cousin Biotech (France), Covidien
(Medtronic) (Republic of Ireland), Ethicon (U.S.), Integra Life Sciences
Corporation (U.S), and ABISS (France).
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