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Hernia Repair Market worth $6.52 billion by 2030, growing at a CAGR of 5.23% - Exclusive Report by 360iResearch
Hernia Repair Market | 360iResearch
The Global Hernia Repair Market to grow from USD 4.56 billion in 2023 to USD 6.52 billion by 2030, at a CAGR of 5.23%.
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Hernia repair refers to a surgical procedure aimed at correcting hernias, which occur when an organ protrudes through a tear in the surrounding muscle or tissue wall. This condition is often corrected through either open surgery or minimally invasive surgeries. The major factors contributing to the expansion of hernia repair procedures include the increasing awareness of the condition, advancements in surgical technologies, and the rising prevalence of obesity, which is a major risk factor for hernias. However, hernia repair procedures are not without their risks, including the risk of infection, recurrence, and, in some cases, chronic pain post-surgery. Addressing these issues requires ongoing research into more advanced surgical techniques, materials, and post-operative care protocols aimed at reducing these risks and enhancing patient recovery. Innovations in mesh materials and techniques, such as the development of bio-absorbable meshes and robot-assisted surgeries, promise to improve outcomes and reduce complications, thus driving further adoption of hernia repair procedures worldwide.
In the Americas, especially the United States, there is a high demand for technologically advanced hernia repair products such as composite meshes and biologic allografts, driven by a strong healthcare infrastructure and substantial investment in R&D. Major companies in this region benefit from robust distribution networks and comprehensive product portfolios. The APAC region is witnessing rapid growth in hernia repair, fueled by increasing awareness about advanced hernia repair options, rising healthcare expenditure, and improving healthcare facilities. However, the market here is more fragmented, with both global players and local companies, leading to a diverse product range and competitive pricing strategies. The EMEA region presents a diverse scenario with advanced markets in Western Europe focusing on innovation and quality, while markets in the Middle East and Africa are more price-sensitive and gradually adopting newer technologies. Regional companies are expanding in the EMEA region, offering a mix of advanced and cost-effective solutions to cater to varied market demands.
Market Segmentation & Coverage:
This research report categorizes the Hernia Repair Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product Type, market is studied across Hernia Mesh, Mesh Fixator, Suture, and Track Applicators. The Hernia Mesh is further studied across Biologic Mesh and Synthetic Mesh. The Track Applicators is projected to witness significant market share during forecast period.
Based on Surgery, market is studied across Laparoscopic Surgery, Open Surgery, and Robotic Surgery. The Laparoscopic Surgery is projected to witness significant market share during forecast period.
Based on Indication, market is studied across Femoral Hernia, Hiatial Hernia, Inguinal Hernia, and Ventral Hernia. The Inguinal Hernia is projected to witness significant market share during forecast period.
Based on End-user, market is studied across Ambulatory Surgical Centers, Hospitals & Clinics, and Specialty Clinics. The Ambulatory Surgical Centers is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 36.78% in 2023, followed by Asia-Pacific.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Hernia Repair Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Hernia Repair Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Hernia Repair Market, highlighting leading vendors and their innovative profiles. These include AbbVie Inc., Advanced Medical Solutions Limited, Aran Biomedical, B. Braun SE, Baxter International Inc., Becton, Dickinson and Company,, BioCer Entwicklungs-GmbH, Dolphin Sutures, DynaMesh, Herniamesh Srl, Integra LifeSciences Corporation, Johnson & Johnson Services, Inc., Lotus Surgicals Pvt. Ltd., Medtronic PLC, Olimp - Surgical sutures, Orion Sutures India Pvt. Ltd., SERAG-WIESSNER GmbH & Co. KG, Shandong Haidike Medical Products Co., Ltd., Spire Healthcare Group PLC, SUGII SURGICAL INDIA PRIVATE LIMITED, Surgical Sutures Private Limited, TELA Bio, Inc, Unisur Lifecare Private Limited, W. L. Gore & Associates, Inc., and Zhejiang Geyi Medical Instrument Co., Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Hernia Repair Market, by Product Type
7. Hernia Repair Market, by Surgery
8. Hernia Repair Market, by Indication
9. Hernia Repair Market, by End-user
10. Americas Hernia Repair Market
11. Asia-Pacific Hernia Repair Market
12. Europe, Middle East & Africa Hernia Repair Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Hernia Repair Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Hernia Repair Market?
3. What is the competitive strategic window for opportunities in the Hernia Repair Market?
4. What are the technology trends and regulatory frameworks in the Hernia Repair Market?
5. What is the market share of the leading vendors in the Hernia Repair Market?
6. What modes and strategic moves are considered suitable for entering the Hernia Repair Market?
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