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(Medical-NewsWire.com, January 15, 2019 ) The increasing adoption of mesh in hernia repair surgeries, rising geriatric population, new product developments, and efficient reimbursement system in developed countries are the major factors driving the growth of the hernia repair market during the forecast period. On the basis of product, the hernia repair market is segmented into mesh and mesh fixators. A mesh is used for reinforcing weak spots in the muscle while repairing the hernia.
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Major players in the hernia repair market profiled in this report are Covidien (Part of Medtronic) (Ireland), Ethicon (Part of Johnson & Johnson) (US), B. Braun (Germany), C.R. Bard (Part of Becton Dickinson) (US), W. L. Gore (US), LifeCell (Part of Allergan) (Ireland), Maquet (Part of Getinge) (Sweden), Cook Medical (US), Integra (US), DIPROMED (Italy), FEG (Germany), Cousin Biotech (France), Herniamesh (Italy), Aspide Medical (France), TransEasy Medical (China), and Via Surgical (Israel).
Hernia repair market is projected to reach USD 4.75 billion by 2023 from USD 4.09 billion in 2018, at a CAGR of 3.0%. Factors like increasing adoption of mesh in hernia repair surgeries, rising geriatric population, new product developments, & favorablere imbursement scenario in developed countries are driving growth of this market. However, unfavorable reimbursement scenario in developing countries, high cost associated with mesh repair
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Geographically, the hernia repair market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific is expected to register the highest growth rate during the forecast period, owing to the presence of a large target patient population, improving diagnosis and treatment rates for hernia, and growing adoption of advanced treatment options.
The hernia mesh segment is further categorized on the basis of type and surgery. On the basis of type, this market is segmented into synthetic and biologic mesh. In 2018, the synthetic mesh segment is expected to account for the largest share of the hernia mesh market. This large share can be attributed to the low cost of synthetic mesh in comparison to biologic mesh.
Breakdown of supply-side primary interviews:
By Company Type - Tier 1 31%, Tier 2 49% and Tier 3 20%
By Designation C-level 28%, Director-level 19%, Others 53%
By Region North America - 31%, Europe 33%, APAC 19%, RoW 17%
Get Discount on Hernia Repair Market by Product (Mesh (Synthetic, Biologic), Mesh Fixation (Suture, Tack and Glue Applicator)), Surgery Type (Inguinal, Incisional/Ventral, Umbilical, Femoral), and Geography (America, Europe, Asia Pacific) - Forecast to 2023 at https://www.reportsnreports.com/contacts/discount.aspx?name=1516587 .
The hernia mesh market is segmented into inguinal hernia, incision/ventral hernia, femoral hernia, and umbilical hernia. Of these, the inguinal hernia segment is expected to account for the largest market share in 2018. The large share of this segment is attributed to the high number of inguinal hernia repair surgeries performed worldwide every year.
Premium Insights
1 Hernia Repair: Market Overview
2 Hernia Repair Market, By Product
3 Hernia Mesh Market, By Surgery Type and Region
4 Geographic Snapshot of the Hernia Repair Market
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