Global Hernia Repair Market Overview, Growth Opportunities and Restraint to 2024 - iCrowdNewswire
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Nov 10, 2018 2:22 AM ET

Global Hernia Repair Market Overview, Growth Opportunities and Restraint to 2024

iCrowdNewswire - Nov 10, 2018

Hernia is a medical condition where an organ or fatty tissue protrudes out via a weak point. Hernia repair is a surgical procedure performed for the management of a hernia. Laparoscopic repair surgery and open tension-free repair surgery are the major methods for hernia repair. The global hernia repair market is growing at significant rate, due to mounting occurrence hernia, expanding geriatric population and technological improvement. Different products contributed to the hernia repair market size. The market has witnessed high demand for mesh in the coming years due to higher cost of meshes contrasted to mesh fixators.

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Mounting occurrence of hernia, technological improvement in the mesh material such as biological mesh, accessibility of reimbursement, mounting acceptance of mesh in repair surgeries and efficiency of mesh repair are the primary growth drivers for hernia repair market. For instance, according to a study named International Guidelines for Groin Hernia Management conducted by National Center for Biotechnology Information, in 2018, globally approximately 20 million patients undergo groin hernia repair every year.

Geographically, North America is the largest hernia repair market as in the region the acceptance of hernia repair is increasing. In addition, expanding geriatric population, presence of large pool of hernia patients, mounting healthcare expenditure, technological improvement, and efficient and favorable healthcare system are also up surging growth of the North American hernia repair market. For instance, according to the U.S. Census Bureau, in 2012 approximately 43.1 million people were aged 65 years and older in the U.S. and is expected to reach 83.7 million in 2050.

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Key players in the hernia repair market are catering the demand of these devices by investing on technologically advanced products in their product portfolio across the globe. In May 2017, Integra LifeSciences Holdings Corporation launched SurgiMend MP a tissue-building solutions for complex abdominal hernia repair.

In addition, in April 2017, Becton, Dickinson and Company acquired Bard, to provide innovative healthcare solutions and to improve its product portfolio. B. Braun Melsungen AG, Becton, Dickinson and Company, Getinge AB, Johnson & Johnson, Cook Group Inc., Medtronic PLC., Integra Lifesciences Holdings Corporation, W. L. Gore & Associates, Via Surgical and Herniamesh are the key players offering repair products.

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Keywords:  , Hernia Repair Market, Hernia Repair, Hernia Repair Market Share, Hernia Repair Market Size, Hernia Repair Market Analysis, Hernia Repair Market Application, Hernia Repair Market Growth
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