Transparency Market Research
is Published new Market Report “Hernia Repair Devices Market
(Polymer and
Prosthetic Mesh, Biologic Materials, Surgical Instruments and Endoscopy
Equipments)- Global Industry Analysis, Size, Share, Growth, Trends and
Forecast, 2013 - 2019," 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.
Browse
the full report with complete TOC at http://www.transparencymarketresearch.com/hernia-repair-devices.html
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 global hernia repair
devices marketis segmented as follows:
Hernia Repair DevicesMarket, by Products
and Equipments
- Polymer and Prosthetic Mesh
- Biologic Materials
- Surgical Instruments
- Endoscopy Equipments
Hernia Repair Devices Market, by Procedures
- Open Tension Repair
- Tension Free Repair
Hernia Repair Devices Market, by Geography
- North America
- Europe
- Asia-Pacific
- Rest of the World (RoW)
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