"hernia repair devices global market - forecast to 2022"

IQ4I Research & Consultancy Pvt. Ltd.

Hernia Repair Devices Global Market

–Forecast to 2022

Hernia Repair Devices Global Market estimated to be worth $3.3 billion by 2022 IQ4I Research & Consultancy published a new report on “Hernia Repair Devices

Global Market – Forecast To 2022” This report analyzes and studies the overall market,

major drivers & Opportunities, Restraints & Threats in North America, Europe, Asia-Pacific

and Rest of the World

IQ4I’s Report Contains 83 market data tables and 67 figures spread through 315 pages

and an exhaustive TOC on “Hernia Repair Devices Global Market [Types {Inguinal,

Incisional, Umbilical & others (Femoral, Epigastric and Hiatal)}, Products {Fixation

Devices, Meshes [Synthetic (Absorbable and Non-Absorbable), Biological] and

others}, Repair Types (Tension, Open-tension, Laparoscopic and Robotic-assisted),

Region (North America, Europe, Asia-Pacific and Rest of the World)]

This report analyzes the hernia repair devices global market in terms of market revenue ($

million) for all segments and it enables hernia repair devices market stakeholders such as

Hernia repair devices manufacturers, Hernia repair devices distributors and wholesalers,

Hospitals, OEM (Original Equipment Manufacturers) /Contract manufacturers, Group

Purchasing Organizations (GPOs) to identify and analyze market expansion opportunities,

upcoming technologies and competition in hernia repair devices global market.

Hernia is the protrusion of an internal organs or tissues through structure or muscle, the

most common type occurs in the abdominal region. There are various types of hernias

classified based on their anatomical locations into inguinal, incisional, umbilical and other

types of hernias. The most common symptoms are pain, swelling, or a bulge and they can

develop into an emergency if the hernia is strangulated. Surgery is most commonly

recommended treatment for almost all types of hernia. Hernia repair devices are the medical

devices that are used for the treatment of hernia and can be treated either by open surgery

or laparoscopic surgery. Lately, robotic surgical techniques are also used to treat hernia, but

they are expensive and are not adopted widely. According to IQ4I analysis, the Hernia repair

devices global market is expected to reach $3,351.1 million by 2022.

Increasing demand for minimally invasive procedures, growing number of patients suffering

from obesity, the rise in aging population and rising adoption of tension free repair

procedures are driving the growth of hernia repair devices global market. However,

Inconsistent reimbursements and high cost of hernia repair procedure, high implementation



–Forecast to 2022

cost and stringent regulations posed on robotic surgery, operation failure in obese and

Geriatric patients pose a threat of recurrence of hernia and also the risks and complications

associated with hernia repair surgery and mesh are restraining the growth of hernia repair

devices global market.

Technological advancements in hernia repair devices such as self-fixating (gripping) Mesh.

The fixation of mesh at complex sites is considered as the major concern in this market as

the inappropriate fixation of mesh increases the chances of hernia recurrence and Hence, to

overcome this problem, the manufacturers are focusing on high-flexibility and self-fixation of

the hernia mesh where the mesh can be fixed at the hernia site without using any staples or

glue. Furthermore, medicine-eluting hernia meshes are a new advancement in this market

which is in the development stage, these meshes elute medicines such as sirolimus at the

hernia site to reduce the infection rate through its antimicrobial activity.

Minimally-Invasive procedures such as laparoscopic surgery is gaining popularity globally as

it offers better clinical outcomes than open surgical procedures. The recurrence rate of

hernia repair decreases by 1-5% with the laparoscopic surgery from 5 to 30% with open

hernia repair. In addition, with the adoption of robotic-assisted surgical techniques, hernia

repairs is becoming popular as it reduces the rate of hernia recurrence, lowers pain and

shortens hospital stays compared to the other procedures.

As the market is competitive, protection of intellectual property rights plays a very important

role as a long-term strategy for survival of the company and to maintain a competitive

advantage. According to IQ4I Analysis, J&J (Ethicon Inc.) filed the largest number of PCT

applications followed by Medtronic and C.R.Bard at World Intellectual Property Organization

(WIPO).

The Hernia repair devices global market is segmented based on their Hernia types,

products, repair methods and geography. Among hernia types, inguinal hernia held the

largest market share and is projected to keep the leading position. Among hernia repair

Products, the hernia repair meshes held the largest market share, especially synthetic

meshes. However, improved performance and increasing popularity of biological mesh will

have a major impact on synthetic meshes market in the years to come. Among synthetic

mesh types, the non-absorbable meshes held the largest market share. In hernia repair

market by repair types, open-tension free repair held the largest market share. Increasing

adoption and many of the advantages offered by laparoscopic tension free repair procedure

will drive the adoption and are expected to grow at a faster rate.



–Forecast to 2022

Geographically, North American regions held the largest market share, among European

regions, Germany accounted for the largest share,In Asia- Pacific region, China held the

largest market share. In RoW regions, Brazil has the largest market share and is expected to

grow at the strong rate.

Some of the major companies operating in the hernia repair devices market are C. R. Bard,

Inc., (U.S.), Medtronic, Inc, (Ireland), Atrium medical (Getinge) (Sweden), Aspide medical

(France), Cook medical (U.S.), J&J (Ethicon) (U.S.), and are considered to be the leaders in

this space with their marketed products and strong pipelines. Followed by B. Braun

Melsungen AG (Germany), Acelity L.P. Inc. (U.S.), W. L. Gore & Associates, Inc. (U.S.),

Insightra Medical Inc. (U.S.). Some of the other players are A.M.I. GmbH (Austria),

Angiologica BM Srl (Italy), Cousin Biotech (France), DSM Biomedical B.V., (Netherlands),

Integra Lifesciences (U.S.), Assut Europe S.p.A. (Italy), etc.

Reasons for buying this report:

Analysis of the Hernia repair devices global market by identifying various segments

by type, end-users and geography.

Revenue forecast of the hernia repair devices market and strategic analysis of each

submarket with respect to segmental growth trends.

Analysis of the major market trends and factors driving or inhibiting the growth of the

hernia repair devices global market.

Procedural volume analysis and revenue forecast of the hernia repair devices market

with respect to North America, Europe, Asia-Pacific and the Rest of the World (RoW)

regions and major economies in each region.

Analysis of the opportunities for stakeholders by identifying the high-growth

segments of the market.

Market share analysis of key players in hernia repair devices, details of their product

offerings, revenues, business strategies and SWOTs

Established and Emerging players (52 companies) and their product offerings.



–Forecast to 2022

FIGURE 1

HERNIA REPAIR DEVICES GLOBAL MARKET SEGMENTATION

Hernia Repair Devices Global

Market

By Types By Products By Repair Types

Incisional Hernia

Inguinal Hernia

Umbilical Hernia

Fixation devices

Meshes

Synthetic mesh

Tension repair

Open-tension free repair

Laparoscopic tension free repair

North America

Europe

Apac

RoW

By Geography

OthersRobotic-assisted hernia

repair

Biological mesh

Absorbable mesh

Non-absorbable

mesh

"hernia repair devices global market - forecast to 2022"

Healthcare