Hernia Repair Devices Market to Exhibit 7.5% CAGR 2013-2019 due to Rising Demand from Growing Geriatric, & Obese Demographics

A hernia is an abnormal swelling of an organ through a weak spot within the body. Hernias can become painful and develop into potentially more dangerous conditions. Untreated hernias can lead to more of the internal organs being pushed out through the opening, leading to more potentially dangerous conditions. Hernias can be diagnosed via a physical examination and then fixed with the help of hernia repair devices. The rising prevalence of hernias is the primary driver of the global hernia repair devices market.
Hernia, condition that affects people worldwide, is characterized by internal organs or tissue protruding through areas where the muscles are weak. Hernia is classified based on the location on the body where it occurs. Classified thus, the types of hernia are: umbilical, inguinal, femoral, hiatal, and incisional hernia. 80% of all hernia cases worldwide are diagnosed as being inguinal, making it the most commonly occurring type of hernia. Factors such as obesity and old age are known to heighten the risk of hernia. With the incidence rate of hernia growing, there is a consequent uptick in the demand for hernia repair devices.

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Factors that influence what type of hernia devices are in demand depend largely on the latest surgical procedures in practice. The demand for tension-free hernia repair procedures and surgeons and patients showing a favorable response to the use of biologic mesh for treating hernia will positively impact the market for hernia repair devices. “Companies will find more growth avenues in emerging markets and by catering to the growing demand for minimally-invasive procedures.

With increasing preference for minimally invasive hernia repair procedures, there has been increased rate of adoption of tension free hernia repair procedures over the traditional incisional repair procedures. The rationale behind the increased adoption of tension free hernia repair procedures is that it provides fast recovery with negligible post-operative pains compared to the conventional means. Laparoscopic tension free and tension free mesh technique are the two most popular hernia repair procedures amongst others. Currently, robotics assisted surgeries are witnessing increased acceptance majorly due to high consistency, accuracy and less prone to human errors. Owing to this development, the strategic tie-ups of the medical device manufacturers with the developers of robotics surgical equipment provides a plethora of business opportunities in the field of medical devices.

Geographically, North America accounts for the largest percentage share of the global hernia repair devices market accounting for around 41.3% of the total market. This is justified by the presence of technologically updated infrastructure and well trained healthcare professionals in this region compared to other regions. In addition, consistent rise in awareness levels in patient population has further augmented growth and development of hernia repair devices market in this region. The region also provides well-defined reimbursements policies which further encourages adoption of hi-tech hernia repair products and procedures. Asia-Pacific region is anticipated to record high growth rate owing to increased participation of the respective governments in improving the overall healthcare sector and huge untapped potential in these regions. In addition, rise in disposable incomes and increased preference of the population to avail technologically advanced medical solutions further support growth of hernia repair devices market. Rest of the World (RoW) is also expected to exhibit considerable growth rate majorly due to increasing acceptance towards novel approaches and consistent improvements in healthcare facilities in Latin American markets of Brazil, Argentina and Mexico.

The overall hernia repair devices market is highly fragmented with the presence of both established and emerging companies which include Covidien Plc, C.R.Bard, Ethicon, Inc., Cook Medical, Inc. and Stryker Corporation. The factors which contribute in the growth of the overall hernia repair procedures are continuous product modifications followed by technological advances and increased preference for minimally invasive procedures. However, high cost of the products and procedures along with dicey reimbursement policies may limit the growth prospects for the development of hernia repair devices market.

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