Fior Markets launched a study titled “Global Hernia Repair Market by Product (Mesh, Mesh Fixators), Surgery Type, Region” and Global Forecast 2018-2025.
The global hernia repair market is expected to grow from USD 4.61 Billion in 2017 to USD 6.37 Billion by 2025 at a CAGR of 4.10% during the forecast period from 2018-2025. Rising cases of genetic diseases and to study multiple genes to manage individual health condition adoption of personalized medicines are propelling the growth of the market.
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The hernia mesh segment is dominating the hernia repair market and anticipated to witness the highest CAGR of 6.37% in the forecast period
The product segment includes mesh and mesh fixators. The hernia mesh segment is dominating the hernia repair market and anticipated to witness the highest CAGR of 6.37% in the forecast period. A mesh is used in strengthening weak spots in the muscle while repairing the hernia. Mesh fixators are used to avoid displacement. The growth can be attributed to the higher prices of meshes as compared to mesh fixators.
The inguinal hernia segment is dominating the segment and held the largest market share of 47.30% in 2017
Surgery segment is classified into inguinal hernia, incisional/ventral hernia, femoral hernia, and umbilical hernia. The inguinal hernia segment is dominating the segment and held the largest market share of 47.30% in 2017. High number of inguinal hernia repair surgeries performed worldwide every year, which in turn is contributing for the growth of the segment.
Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. North America region dominated the global hernia market and held largest share of 43.11% in 2017. Regulatory support for direct-to-consumer and increasing healthcare expenditure in the region is expected to drive the market growth in the coming years.
Some of the eminent industry players operating in the market include Ethicon, Covidien, B. Braun Melsungen AG, C.R. Bard, LifeCell, W. L. Gore, Cook Medical, Maquet, DIPROMED, Integra, FEG, Herniamesh, Cousin Biotech, Aspide Medical, Via Surgical, TransEasy Medical and others. Companies are involved in the technological advancements of hernia repair devices. For instance, Ariste Medical is developing drug-eluting mesh. These are anticipated to improve the patient outcomes specifically in vascular procedures including hernia and peripheral bypass hemodialysis processes. Medtronic and COOK Medical have invested in the development of cost-effective composite mesh. This product overcome the disadvantages associated with the synthetic mesh such as inflammation, sepsis and abdominal adhesion.
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