The Global Hernia Repair Devices and Consumables Market Assessed to Surge at $6387.8 Million by 2028

As per Triton's research report, the global hernia repair devices and consumables market achieved $3689.4 million in 2020, and is predicted to expand at a CAGR of 3.80% by 2028.

A recent study by Triton Market Research titled 'Global Hernia Repair Devices and Consumables Market' includes the Global Analysis and Forecasts by Component (Consumables [Synthetic Material Mesh (Absorbable Mesh, Non-Absorbable Mesh), Biological Material Mesh], Fixation Devices [Tack (Absorbable Tack, Non-Absorbable Tack), Other Fixation Devices]), Surgery Type (Open Tension-Free Repair Surgery, Laparoscopic Surgery), Hernia Type (Incisional Hernia, Inguinal Hernia, Umbilical Hernia, Femoral Hernia, Other Hernia), and by Geography (Europe, North America, Asia-Pacific, Latin America, Middle East and Africa).

A hernia is a disease wherein the patient's inner layers of the abdominal muscles turn feeble, with the abdomen lining swelling out to turn into a small sac. The high acceptance of tension-free hernia repair procedures is one of the major factors driving the studied market's growth.

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Triton's research report suggests that the global hernia repair devices and consumables market is likely to exhibit growth at a CAGR of 3.80% in revenue during the evaluated phase 2021-2028. It is further predicted to attain revenue worth $6387.8 million by 2028.

The growing prevalence of hernia and the surging acceptance of tension-free procedures are prominent factors driving the growth of the studied market globally. Hernia repair is among the general surgical procedures. Here, tension-free repair procedures are widely accepted worldwide, as it offers several benefits, including low risk of hernia reoccurrence and short recovery period. However, the elevated cost of hernia repair procedures, along with inadequate reimbursement policies, significantly weigh down the hernia repair devices and consumables market's expansion.

The hernia repair devices and consumables market is segmented into component, surgery type, and hernia type. Based on component, the market is divided into consumables and fixation devices, with consumables further sectioned into synthetic material mesh and biological material mesh. Further, the synthetic material mesh is subdivided into an absorbable mesh and a non-absorbable mesh. The fixation devices are sub sectioned into tack and other fixation devices, with tack branched into an absorbable tack and non-absorbable tack. Further, surgery type is categorized into open tension-free repair surgery and laparoscopic surgery. Lastly, hernia type is sectioned into the incisional hernia, inguinal hernia, umbilical hernia, femoral hernia, and other hernia.

Globally, North America is leading in the hernia repair devices and consumables market. The region's growth is mainly because of the high prevalence of hernia diseases, growing hernia surgeries, supportive government initiatives, and enhanced healthcare facilities. In Canada, there are around one million procedures performed each year. Here, the initiation of Lichtenstein tension-free repair procedures has resulted in the increased use of polypropylene mesh, which adds to the market's progress. Along with this, the launch of innovative hernia repair technologies is likely to fuel the growth of the hernia repair devices and consumables market across Canada, simultaneously in North America.

Via Surgical Ltd, Cook Medical Inc, Johnson and Johnson (Ethicon Inc), B Braun Melsungen AG, Zimmer Biomet Inc, Integra Lifesciences Corporation, The Cooper Companies Inc, Allergan Plc, Baxter International Inc, WL Gore & Associates, CR Bard Inc, Cryolife Inc, Medtronic Plc, and Herniamesh SRL are renowned firms in the studied market.

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Question & Answer: Hernia Repair Devices and Consumables Market

Question 1: What prominent factors are driving the growth of the hernia repair devices and consumables market?

Answer: The growing prevalence of hernia and the surging acceptance of tension-free procedures are prominent factors driving the growth of the studied market globally.
Hernia repair is among the general surgical procedures. Here, tension-free repair procedures are widely accepted worldwide, as it offers several benefits, including low risk of hernia reoccurrence and short recovery period.

Question 2: What factors significantly weigh down the hernia repair devices and consumables market's progress?

Answer: The elevated cost of hernia repair procedures, along with inadequate reimbursement policies, significantly weigh down the hernia repair devices and consumables market's expansion.

Question 3: Which region is leading in the hernia repair devices and consumables market?

Answer: Globally, North America is leading in the hernia repair devices and consumables market. The region's growth is mainly because of the high prevalence of hernia diseases, growing hernia surgeries, supportive government initiatives, and enhanced healthcare facilities. In Canada, there are around one million procedures performed each year. Here, the initiation of Lichtenstein tension-free repair procedures has resulted in the increased use of polypropylene mesh, which adds to the market's progress. Along with this, the launch of innovative hernia repair technologies is likely to fuel the growth of the hernia repair devices and consumables market across Canada, simultaneously in North America.

Question 4: Which are the renowned firms in the hernia repair devices and consumables market?

Answer: Via Surgical Ltd, Cook Medical Inc, Johnson and Johnson (Ethicon Inc), B Braun Melsungen AG, Zimmer Biomet Inc, Integra Lifesciences Corporation, The Cooper Companies Inc, Allergan Plc, Baxter International Inc, WL Gore & Associates, CR Bard Inc, Cryolife Inc, Medtronic Plc, and Herniamesh SRL are renowned firms in the studied market.

Related Report:
Global Bariatric Surgery Market
https://www.tritonmarketresearch.com/reports/bariatric-surgery-market#report-overview

The global bariatric surgery market is likely to surge at a CAGR of 9.41% during the period of 2019-2028, while acquiring $4913.1 million in revenue by 2028.

Bariatric surgery, also known as weight loss surgery, is among the significant treatment procedures for obesity. The patients generally opt for this procedure after failing to lose weight through other methods or techniques.
The key drivers include the surging obesity rate, along with the rising prevalence of diabetes and cardiac diseases. Additionally, the technological advancements and surge in government initiatives relating to obesity, are factors opening new avenues for the bariatric surgery market.
However, the lack of awareness among patients and high costs of bariatric surgeries, are key factors negatively impacting the growth of the global market over the forecast period.

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