Hernia Repair Devices Market Trends, Share, Price, Growth, Analysis Report and Forecast 2023-2031

The new report by Expert Market Research titled, ‘Global Hernia Repair Devices Market Trends, Report and Forecast 2023-2031’, gives an in-depth analysis of the global hernia repair devices market. It assesses the market based on its segments like product, procedure, surgery type and major regions like North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Hernia Repair Devices Market Size, Trends, Industry Report, Key Player, Major Segments and Forecast

The key highlights of the report include:

Market Overview (2016-2031)

• Historical Market Size (2022 ): USD 4.2 billion
• Forecast CAGR (2023-2031): 5.7%

The market for hernia repair devices has seen substantial growth due to factors such as the rising prevalence of hernias around the world. This can be linked to a growing ageing population, unhealthy lifestyles, obesity, and smoking, etc. As a result of the high incidences of hernia, it is among the most prevalent procedures around the world, driving market need for hernia repair equipment and encouraging market growth.

Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/hernia-repair-devices-market/requestsample

Factors such as increased government investments in healthcare are also fuelling the growth of the hernia repair device market. Furthermore, favourable incentives such as cash rebates, subsidies, and insurance coverage are boosting hernia repair surgery adoption, giving the industry a boost.

Hernia Repair Devices Industry Definition and Major Segments

A hernia is a medical condition marked by the bulging of an organ or fatty tissue through a weak place where it should be contained. Hernia repair is a frequent medical operation that involves the use of devices such as surgical and endoscopic instruments, as well as mesh made of synthetic or biological materials.

Based on the product type, the industry is divided into:

• Polymeric and Prosthetic Mesh
• Endoscopy Instruments
• Surgical Instruments
• Biologic Materials
• Others

Based on the procedure, the industry is divided into:

• Open Surgery
• Tension-Free Repair
• Laparoscopic Surgery
• Others

Based on the surgery type, the industry is divided into:

• Inguinal Hernia
• Umbilical Hernia
• Incisional Hernia
• Femoral Hernia
• Others

The regional markets for hernia repair devices include:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/hernia-repair-devices-market

Hernia Repair Devices Market Trends

Geographically, North America is expected to account for a significant portion of the overall market for hernia repair devices. This is due to North American countries like the United States and Canada having a well-developed and thriving healthcare system. As a result of the rising prevalence of inguinal hernia among adults, a substantial number of ventral hernia procedures are performed in the US.

Premature newborns are at risk of developing groyne hernias, which increases market demand for hernia repair devices in the North America region, boosting regional market expansion. Besides, there are significant investments in research and development (R&D) of various novel and technologically viable operations. This is another factor that is positively affecting the growth of the hernia repair device market in North America.

The global market, on the other hand, has seen a fall in market demand due to COVID-19, which limited non-essential procedures to prevent infection transmission, stifling market growth in 2020. In addition, during the historical period, closure of healthcare machinery production units for goods other than those required for the COVID-19 impeded market expansion. Nonetheless, with the global immunisation campaign and the resumption of hernia procedures in key nations, the industry began to recover.

Key Market Players

The major players in the market are:

  • Medtronic plc
  • Johnson & Johnson Services, Inc.
  • Becton, Dickinson and Company
  • Atrium Insight Inc.
  • W. L. Gore and Associates, Inc.
  • B. Braun Melsungen AG
  • Baxter International, Inc.
  • Cook Group Incorporated
  • Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skillful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

Media Contact:

Company Name: Claight Corporation
Contact Person: Sophia Grace, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com
LinkedIn:- https://www.linkedin.com/company/expert-market-research

seers cmp badge