Hernia Repair Market Industry Outlook and Forecast 2020-2025 | Medtronic, C.R.Bard, Baxter International, Cook Medical, B Braun Melsungen AG, Atrium, W.L. Gore & Associates, LifeCell Corporation, Aspide Medical, Cousin Biotech, Ethicon, Inc., and Dipro Me

The global hernia market size is estimated to reach USD 5,550.0 Million by 2025, due to increasing adoption of mesh in hernia repair surgeries and the presence of larger number of hernia patients across the globe. Furthermore, low cost of synthetic mesh and rising investment in continuous innovations in hernia repair surgeries further drive the global hernia repair market. However, non-mash repair approaches are hindering the market growth of hernia repair globally.

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Segmentation of hernia repair are done on the basis of product, procedure and region. In product segment, consumables are projecting the global hernia market ahead because it is widely used by the surgeons in case of prevention of recurrence of hernia across the world. Consumables are further classified into synthetic and biological mesh. In 2018, the synthetic mesh was leading the market segment due to more stability as compared to biological mesh. On the basis of procedure, open hernia repair has highest share in global hernia repair market and is expected to remain same in the forthcoming year. Tension free hernia repair procedure is the likely to be the fastest growing treatment with a CAGR of 5.2% from 2019-2025 and is expected to show a similar trend over the forecast period because it prevents the growth of new tissue around the abdominal wall and creates the permanent repair over the time. Hence adoption of tension free hernia repair procedure drive the global hernia repair market.

On the basis of region North America has led the global hernia repair market in 2018, due to the rising of demand of consumables and synthetic mesh across the region. In addition, more than 1 million hernia patients have been treated with surgical procedures for hernia repair in the U.S, per year. Which further contributes to the growth of hernia repair market globally.

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Asia-Pacific is the anticipated to be the fastest growing market for hernia repair treatment with the CAGR of 4.5%. Emerging economies such as China and India and favorable healthcare industry and risng awareness of hernia repair procedures are further increasing the growth of regional market. In 2018, China and India had highest share in the global hernia repair market and are expected to remain the same due to the development of new technologies and increased obese and geriatric population across the region.

The competitive landscape of the global hernia market includes Medtronic, C.R.Bard, Baxter International, Cook Medical, B Braun Melsungen AG, Atrium, W.L. Gore & Associates, LifeCell Corporation, Aspide Medical, Cousin Biotech, Ethicon, Inc., and Dipro Medical Devices Slr. In October 2019, FDA approved Exogenesis nano-modified hernia mesh, which is made by using accelerated neutral atom beam technology.

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Key segments of the global hernia repair market

Product Overview, 2018-2025 (USD Million)

Consumables
Synthetic Mesh
Biological Mesh
Surgical Devices

Procedure Overview, 2018-2025 (USD Million)

Tension Free
Open Hernia
Laparoscopic

Regional Overview, 2018-2025 (USD Million)

North America
US
Europe
Germany
Asia Pacific
China
Central & South America
Brazil
Middle East & Africa
UAE

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Reasons for the study

The study assesses the dynamics and movement of the global hernia repair market across various geographies
While studying the global hernia repair devices and consumables market, we observed lucrative demand from developing countries such as India, Japan, China, UAE among others
The market is fragmented and major players have their presence across the globe. The companies, as well as research institutes are concentrating on studies to enhance advancements to meet the global demand

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

About Us :
Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market's size, key trends, participants and future outlook of an industry. We intend to become our clients' knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code?EUR" Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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