Hernia Repair Devices Market is anticipated to grow up to USD 8568.8 Million by 2031

The global Hernia Repair Devices Market was valued at USD 4234.7 Million in 2021 and it is anticipated to grow up to USD 8568.8 Million by 2031, at a CAGR of 7.3% during the forecast period.

New York, According to a new market research report published by Global Insight Services Hernia Repair Devices Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

A hernia is a condition in which an organ or tissue protrudes through a weak spot in the surrounding muscle or connective tissue. Hernia repair devices are used to treat hernias by reinforcing the surrounding muscle or connective tissue to prevent further protrusion. There are a variety of hernia repair devices available, including synthetic meshes, biological meshes, and non-mesh alternatives. The type of device used depends on the specific hernia being treated.

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Market Trends and Drivers

The growing prevalence of hernia worldwide is a primary factor influencing the industry growth. Hernia is a medical condition that usually occurs when a weak spot in the abdominal muscles is protruded by an internal organ inside the human body. Clinical studies suggest that physical conditions such as obesity, straining while defecation, extreme coughing, inheritance, and strenuous activities such as heavy lifting, may lead to hernia. According to an article published in the BMJ Journal in 2020, over 20 million hernias are operated on worldwide, accounting for about 15%-18% of total surgical interventions. The growing incidence of hernia has led to a significant surge in the number of hernia repair procedures. The rising necessity to heal and strengthen the diseased hernia tissue is pushing the demand for hernia repair devices across the healthcare industry.

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Market Restraints and Challenges

High cost of Mesh repair and availability of less expensive approach is expected to restrict market growth. The mesh are still to expensive to be used on regular basis in developing market. For instance in African countries. Only 8 to 10% of hernia repair with mesh mainly due to the higher cost of mesh repair. Hernia mesh repair with advanced product is unaffordable in countries with per capita government healthcare expenditure below USD 50, whereas the price of Mesh is USD 100 -3,000. Heance aforementioned factors will impede the market growth to some extent.

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Global Hernia Repair Devices Market Segmentation
By Product

Hernia Mesh
Fixation Devices

By Procedure

Open Surgery
Laparoscopic Surgery
Robotic Surgery

Major Players in the Global Hernia Repair Devices Market

The key players in the market Becton Dickenson & Company, Medtronic, Ethicon (J&J), B. Braun Melsungen AG, CooperSurgical (The Cooper Companies), Cook Medical, Baxter International, Inc., W.L. Gore & Associates, Integra LifeSciences, AbbVie, FEG Textiltechnik, Stryker Corporation, among others.

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Reasons to buy Hernia Repair Devices Market Report:

• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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