About Hernia Patch
Hernia patch is one of the types of hernia repair product. Hernioploasty is a type of hernia repair surgery where a mesh patch is sewn over the weakened region of tissue. Hernia repair surgery is one of the most common surgery to be performed every year worldwide. The increasing prevalence of hernia is one of the major drivers contributing to the growth of the market and expected to witness significant growth during the forecast period.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 3.1% |
The competitive landscape in the hernia patch market is expected to remain dynamic, with ongoing research and development leading to the introduction of novel products and technologies. Additionally, the increasing adoption of minimally invasive surgical procedures and growing demand in emerging markets are expected to further drive market growth. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Hernia Patch market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Aspide Medical SAS (France), C.R. Bard (A Becton, Dickinson, and Company) (United States), Covidien (Part of Medtronic) (Ireland), Ethicon (Part of Johnson & Johnson) (United States), Maquet Holding (Part of Getinge AB) (Germany), Transeasy Medical Tech (China) and W. L. Gore & Associates (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Hernia Patch market by Type (Biological Patch and Synthetic Patch), Application (Ambulatory Surgical Centers, Clinics and Hospitals) and Region.
On the basis of geography, the market of Hernia Patch has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Hernia Type, the sub-segment i.e. Inguinal Hernia will boost the Hernia Patch market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Increasing Hernia Prevalence’s Worldwide, Effectiveness of Mesh Repair and Availability of Reimbursement
Challenges:
Increasing Pricing Pressure on Market Players in Developed Markets
Restraints:
Long Waiting Times in Developed Countries
Opportunities:
The Emerging Demand from Economies
Market Leaders and their expansionary development strategies
On February 25, 2022, Stryker Corporation announced a partnership with SurgiNet, a medical device distributor, to distribute its hernia mesh products in the United States.
On May 17, 2021, BD (Becton, Dickinson and Company) announced the launch of its Bard Composix Kugel™ Patch, a new hernia repair mesh designed for both open and laparoscopic procedures.
Key Target Audience
Manufacturers of Hernia Patch, Raw Material Suppliers, Market Research and Consulting Firms, Regulatory Bodies, Venture Capitalists, Hospitals and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.