The Global Market for Hernia Repair Devices is Projected to Reach US$3.6 Billion by 2022

Rising Adoption of Tension-Free Repair Techniques to Bridge Hernia Defect to Drive the Hernia Repair Devices Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Hernia Repair Devices market. The global market for Hernia Repair Devices is projected to reach US$3.6 billion by 2022, driven by rising adoption and emergence of tension-free surgical repair procedures as standard of care supported by benefits such as reduced surgical time, lower risk of infections and post-surgical complications such as sepsis, fibrosis reaction and technical advantages of self gripping mesh, among others.  

Hernia is an abnormal condition where inner layers of abdominal muscle become weak and lining of abdomen bulges out into a small sac. Generally benign and painless; left untreated, hernia can rapidly progress into potentially serious condition. Hernias are of various types – femoral, hiatal, incisional, inguinal and umbilical. Surgery is the gold standard when it comes to treatment for majority of hernias. However, the type of hernia defines the kind of surgical approach that would be taken for their treatment. Surgery is recommended for prevention of potentially serious conditions such as tissue strangulation and/or bowel obstruction. Various types of surgeries for treating hernia include hernioplasty, herniorrhaphy and herniotomy.

Hernia meshes are classified into synthetic and biological. With increasing cases of complications related to synthetic meshes, surgeons are shifting towards the use of biological meshes, which are a relatively new technology in the market. Although highly effective, biological meshes are bogged down by cost issues, being significantly more expensive than synthetic meshes. In terms of number of hernia repair surgeries being performed, Asia-Pacific takes the lead with more than 60% of total global hernia repairs performed in the region alone. Penetration of medical insurance in emerging markets is low, with majority of patients bearing costs of treatment out of their own pockets. As such, lower priced procedures such as hernia repair with sutures are popular given the lower costs of such procedures. Technological advancements in meshes are also benefiting growth in the market. For instance, new repair devices such as self-fixating meshes and articulating fixation devices designed for overcoming issues that arise out of laparoscopic procedures are helping push the revenue potential of the market. Moreover, the launch of drug-eluting hernia meshes, which help in reducing infections are also witnessing great demand.

As stated by the new market research report on Hernia Repair Devices, the United States and Europe account for a lion’s share of the market. Asia-Pacific ranks as the fastest growing market, with a CAGR of 4.2% over the analysis period, led by factors such as, growing population and a parallel rise in healthcare burden; rise in incidence rates as a result of globalization of unhealthy lifestyles and the ensuing rise in obesity which represents a major risk factor for developing hernia; establishment of hospitals, clinics and medical centers performing hernia repair surgery; and growing popularity of Southeast Asian countries as affordable destinations for hernia treatment.     

Major players covered in the report include Agency for Medical Innovations GmbH, Angiologica B.M. SRL, Aspide® Medical, Assut Europe S.p.A., Atrium Medical, B. Braun Melsungen AG, Cook Medical, Inc., Cousin Biotech, Davol, Inc., Ethicon, Inc., FEG Textiltechnik mbH, LifeCell Corporation, Lotus Surgicals Pvt. Ltd., Maquet Holding B.V. & Co. KG, Medtronic, Inc., Proxy Biomedical Ltd. and W. L. Gore & Associates, Inc.

The research report titled "Hernia Repair Devices: A Global Strategic Business Report" announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, mergers and acquisitions, and other strategic industry activities of major companies worldwide. The report provides market estimates and projections for geographic markets, such as the US, Canada, Japan, Europe, Asia-Pacific, and Rest of World. Segments analyzed for the global market include Biological Meshes and Synthetic Meshes.

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