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Global Market for Hernia Repair is Anticipated to grow at a Significant Pace i.e., USD 6.36 Billion during the Forecast Period 2021-2027 included COVID-19 Analysis

01-15-2022 06:28 PM CET | Health & Medicine

Press release from: VynZ Research

Global Hernia Repair Market

Global Hernia Repair Market

The global hernia repair market is expected to witness a CAGR of 5.66% during the forecast period. The hernia repair market has gained substantial traction owing to the rising prevalence of hernia cases, especially inguinal hernias. Moreover, the increased adoption of tension-free repair procedures, technological development in mesh materials like biological mesh by industry players, and surging demand for robotics surgeries will fuel the growth of the hernia repair market. Nevertheless, the advancement of new products by major vendors and increased potential by untapped emerging economies will create opportunities for growth in the hernia repair market.

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In July 2021, Becton, Dickinson and Company have acquired Tepha, Inc. that can increase the growth of BD’s surgical mesh portfolio and focus on potential new areas within soft tissue repair, reconstruction, and regeneration.

The COVID-19 pandemic has resulted in putting restrictions on overall elective surgery, resulting in a decrease in the number of elective hernia repairs. However, post the COVID-19 crisis, there will be an increase in the number of elective hernia repairs.

By surgery type, inguinal hernia is anticipated to be the most significant contributor during the forecast period.

Based upon surgery type, the hernia repair market is divided into femoral, inguinal, umbilical, and incisional. Among these surgery types, the inguinal hernia contributes to the largest share in the hernia repair market owing to patient feasibility in offering tension-free procedures and increased adoption of surgical procedures globally.

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“Asia-Pacific is anticipated to be the fastest-growing region during 2021-2027.”

Asia-Pacific is anticipated to be the fastest-growing region owing to the increased medical tourism, affordable treatment, technological development, and increased healthcare reimbursement that will drive the growth of the region.

Some of the major players in the global hernia repair market include B. Braun Melsungen AG, Becton, Dickinson and Company, Getinge AB, Johnson & Johnson, Cook Group Inc., Medtronic PLC., Integra Lifesciences Holdings Corporation, W. L. Gore & Associates, Via Surgical and Herniamesh.

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VynZ Research is a market research firm offering research, analytics, and consulting services on business strategies. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. VynZ Research assists enterprises to take strategic decisions for helping their businesses to grow. The reports developed by VynZ are based on market facts that include comprehensive analysis and quantification of market drivers, industry dynamics, opportunities, challenges, threats, market shares and anticipated new trends & technologies arising across a wide range of industries.

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