The global hernia repair devices market was valued at USD 3,578.21 million in 2012 and is estimated to reach a market worth USD 5,936.43 million in 2019at a CAGR of 7.5% from 2013 to 2019.
Hernia
is one of the major health concerns worldwide. Occurrence of hernia is
characterized by the protrusion or bulging of internal organ or tissues
through weak muscle areasand is classified on the basis of its
anatomical location of occurrence. The different types of hernia include
inguinal (inner groin), umbilical (belly button), hiatal (upper
stomach), femoral (outer groin) and incisional hernia. Of these inguinal
hernia is the most common type of hernia accounting for around 80% of
the total hernia cases worldwide. This occurs most commonly in men
majorly due to the observed weakness in this area. The exact cause of
hernia is unknown but the most prominent risk factors which contribute
in the development of hernia are old age and obesity. These factors
feature weakened muscles and pressure in the abdomen. Other factors
contributing towards development of hernia are poor nutrition, smoking,
change in lifestyle habits, and family history.
Escalation
in hernia prevalence directly influences the need and demand for hernia
repair devices globally.Consistent rise in geriatric population,
increasing adoption of tension free hernia repair procedures, rise in
preference for technologically advanced biologic mesh and consistent
elevation in obesity epidemic are some of the major factors positively
impacting the growth and acceptance of hernia repair devices globally.
However, inconsistent reimbursement policies coupled with high costs
involved in the development of effective hernia repair devices are
expected to hamper the growth and development of hernia repair devices
market.
Hernia
repair devices market can be segmented based on the type of product and
equipment and procedure. The products and equipmentare further
categorized into polymer and prosthetic mesh, biologic materials,
surgical instruments and endoscopy equipment. Manufacturers are focusing
on developing innovative and novel hernia repair products and
equipment. The market for biologic materials is expected to grow faster
compared to polymer or prosthetic mesh system as they render more
advantages over the latter such as high flexibility, strength, less
chances of rejection and infection. At present there has been increased
adoption of biologic mesh and biologic allograft mesh systems which aid
in fast recovery and negligible post-operative pain.
Continuous
technological upgradation in developing endoscopes will further support
growth and development of hernia repair devices. The rationale behind
this is that these hi-tech endoscopes assure high reliability and
accuracy of the surgical procedure with the minimum possibility of
errors. Hence, with the perennial need for high performance oriented
medical devices, the need and demand for effective hernia repair devices
also increased.
Surgical
procedure is the best option to deal with hernia as it provides long
term results as compared to watchful waiting process for reverting
hernia with the aid of certain medications. Tension repair and tension
free repair procedures are the two main approaches employed for hernia
repair. Tension free procedures are more advantageous than tension
repair methods as they provide fast recovery and negligible
post-operative pain. Currently, there has been an increased preference
for tension free repair procedures such as laparoscopic tension free and
tension free mesh technique majorly due to its minimal invasive nature
followed by less susceptibility to infection compared to conventional
incisional repair procedures. Owing to aforesaid factors, tension free
repair procedures are anticipated to record a steady growth rate during
the forecast period from 2013 to 2019.
At the regional level, North America was the largest market in 2012 for hernia repair devices market followed by the European Region. Asia-Pacific
region is expected to grow at a highest CAGR of over 8% from 2013 to
2019. This is majorly due to large and expanding population base,
increased participation of the respective governments in healthcare
sector and rising disposable incomes of the population. In addition,
high prevalence of hernia in low or middle income countries compared to
high income countries due to undiagnosed and untreated hernia cases will
further propel growth and development of hernia repair devices market.
The
hernia repair devices market is characterized by the presence of
well-established as well as new players solely operating in this market.
The major companies competing in this market are Covidien Plc, Ethicon,
Inc., C.R.Bard, Inc., Cook Medical, Inc. and Stryker Corporation.
Related & Recently Published Reports by Transparency Market Research
The global hernia repair devices marketis segmented as follows:
- Hernia Repair DevicesMarket, by Products and Equipments
Polymer and Prosthetic MeshBiologic MaterialsSurgical InstrumentsEndoscopy Equipments
- Hernia Repair Devices Market, by Procedures
Open Tension RepairTension Free Repair
- Hernia Repair Devices Market, by Geography
North AmericaEuropeAsia-PacificRest of the World (RoW)
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Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
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