Hernia Repair Devices Market Scope
Hernia repair devices are meant to be used in surgical operation to treat cases of hernia and related diseases. Worldwide, over 20 millions of hernia related cases are being reported annually. Such high cases result in research and development in effective hernia repair devices. In prevention of hernia, early detection is the key. Despite the availability of numerous hernia repair, it reoccurs in few complex.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | B. Braun Melsungen [Germany], Cook Medical [United States], C.R. Bard [United States], Ethicon [United States], Medtronic [Ireland], Advanced Medical Solutions Group [United Kingdom], Allergan [Ireland], ANGIOLOGICA [Italy] and Aspide Medical [France] |
CAGR | 5.07% |
The competitive landscape of the hernia repair devices market is expected to remain fragmented in the coming years. However, the large players are likely to continue to dominate the market, as they have the resources to invest in research and development and to expand their product portfolios. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Hernia Repair Devices market throughout the predicted period.
B. Braun Melsungen [Germany], Cook Medical [United States], C.R. Bard [United States], Ethicon [United States], Medtronic [Ireland], Advanced Medical Solutions Group [United Kingdom], Allergan [Ireland], ANGIOLOGICA [Italy] and Aspide Medical [France] are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are W. L. Gore [United States], Integra [United States], DIPROMED [Italy], FEG [Germany], Cousin Biotech [France], Herniamesh [Italy], TransEasy Medical [China] and Via Surgical [Israel].
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Hernia Repair Devices market by Type , by Application (Hospitals and ASCs) and Region with country level break-up.
On the basis of geography, the market of Hernia Repair Devices 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). North America region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In February 2023, B. Braun Surgical and Teleflex entered into a co-development and co-commercialization agreement for the next generation of Digital OR solutions for hernia repair surgeries. This partnership aims to combine B. Braun's expertise in hernia repair devices with Teleflex's digital OR technology.
In May 2023, Stryker launched its latest hernia repair mesh product, "Physio-ෝ (pronounced Physio-Omega)," in the US market. This product claims to offer improved tissue integration and reduced recurrence rates compared to previous offerings.
Influencing Trend:
Emergence of Latest Technology in Hernia Prevention such as Micro-grip Adherence Technology
Market Growth Drivers:
Growing Cases of Hernia and Related Issues and Technical Advancement Led to Effectiveness of Mesh Repair
Challenges:
Lack of Laparoscopic Surgery Operators and Low Healthcare Budgets and Lack of Awareness in Low and Middle income Countries
Restraints:
High Cost Involved in Mesh Repair and Availability of Alternative Methods at Low Cost
Opportunities:
Favorable Government's Initiatives to Increase the Awareness in Emerging Countries About prevention of Hernia Related Cases
Key Target Audience
Manufacturers of hernia mesh and mesh fixators, Raw material suppliers/Distributors, Market research and consulting firms, Potential Investors, Regulatory bodies, Venture capitalists, Hospitals and Others