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Global Hernia Repair Devices And Consumables Market Comprehensive Study: Forecasted Market Size And Growth Rate
Hernia Repair Devices And Consumables Market
The Business Research Company offers in-depth market insights through Hernia Repair Devices And Consumables Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The hernia repair devices and consumables market size has grown strongly in recent years. It will grow from $5.27 billion in 2023 to $5.65 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to increasing incidence of hernias, aging population and hernia risk, high success rates of hernia repair surgeries, growing awareness and diagnosis, patient preference for minimally invasive procedures, introduction of mesh materials..
The hernia repair devices and consumables market size is expected to see strong growth in the next few years. It will grow to $7.55 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to focus on bioabsorbable materials, patient-centric treatment approaches, rising prevalence of obesity-related hernias, expansion of ambulatory surgical centers , development of hernia repair training programs.. Major trends in the forecast period include integration of 3d printing technology, global collaborations in hernia research, technological innovations in implants, telemedicine in postoperative care, single-incision laparoscopic surgery, robotics in hernia surgery..
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Market Segmentation:
The hernia repair devices and consumables market covered in this report is segmented -
1) By Product: Fixation Devices, Consumables
2) By Surgery Type: Open Tension-Free Repair Surgery, Laparoscopic Surgery
3) By Hernia Type: Umbilical Hernia, Incisional Hernia, Inguinal Hernia, Femoral Hernia, Other Hernia Types
Major Driver - Rising Prevalence Of Hernia Sparks Surge In Demand For Advanced Repair Devices And Consumables
The high prevalence of hernia is expected to propel the growth of the hernia repair devices and consumables market forward. A hernia is a condition in which an organ or fatty tissue grows so excessively that it starts protruding out from the surrounding muscle that contains it. Hernia repair devices and consumables contain the tissue and push it back into place, either physically or with medication. Increasing cases of hernia increase the need for treatment devices and consumables. For instance, in April 2022, according to a journal published by PLOS Biology, a US-based publisher of peer-reviewed scientific journals, inguinal hernia affects approximately 220 million people worldwide, and 40,000 deaths are caused by hernias. Every year, approximately 20 million hernia repair surgeries are performed. As a result, the increasing number of hernia cases across the world is driving the hernia repair devices and consumables market.
Competitive Landscape:
Major companies operating in the hernia repair devices and consumables market report are Allergan plc, Baxter International Inc., Becton, Dickinson and Company, Cook Medical Inc., Herniamesh Srl, Johnson & Johnson, Medtronic plc, W. L. Gore & Associates Inc., Via Surgical Ltd., Zimmer Biomet Inc., LifeCell Corporation, Atrium Medical Corporation, Integra Life Sciences Corporation, Cousin Biotech SAS, Cryolife Inc., Olympus Corporation, TELA Bio Inc., Aspide Medical, pfm medical ag, Poly Medicure Limited, Purple Surgical, Sutures India Pvt. Ltd., Angiologica B.M. Srl, Dipromed Srl, Davol Inc., B. Braun SE, Insightra Medical Inc., Medline Industries Inc., Galaxy Medical Products Inc., McGinley Orthopaedic Innovations .
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Top Trend - Breakthrough Products Transforming The Landscape Of Hernia Repair Devices And Consumables Market
Product innovations are a key trend gaining popularity in the hernia repair devices and consumables market. Major companies in the market are introducing innovative products such as GORE SYNECOR intraperitoneal biomaterial to sustain their position in the market. For instance, in February 2021, W.L. Gore & Associates, a US-based hernia devices manufacturing company, launched GORE® SYNECOR triperitoneal biomaterial that can be used for complex hernia repair procedures such as laparoscopic, robotic, and open surgical procedures. The new product provides rapid vascularity and permanent strength for hernia repair. The three unique layers of the GORE-SYNECOR intraperitoneal biomaterial are specially created to promote fast vascularity while using the least amount of permanent material. They are the visceral surface, the mid-layer, and the parietal surface.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Hernia Repair Devices And Consumables Market Characteristics
3. Hernia Repair Devices And Consumables Market Trends And Strategies
4. Hernia Repair Devices And Consumables Market - Macro Economic Scenario
5. Hernia Repair Devices And Consumables Market Size And Growth
…..
27. Hernia Repair Devices And Consumables Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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