Global Hernia Repair Devices Market to grow with a CAGR of 3.20 %
Increasing
healthcare infrastructure and a supportive regulatory environment are the major
drivers for the Global Hernia Repair Devices Market.
According
to TechSci Research report, “Global Hernia Repair Devices Market Industry
Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028”, Global Hernia Repair Devices
Market has valued at USD 5.85 billion in 2022 and is anticipated to witness an
impressive growth in the forecast period with a CAGR of 3.20% through 2028. This
can be due to collaborations and partnerships among leading companies with a
diverse approach to merge the expertise of individual companies and to
strengthen their position in the market.
Lifestyle
factors can play a significant role in driving the demand for hernia repair
devices. These factors include various aspects of an individual's lifestyle,
choices, and habits that may contribute to the development of hernias or
influence the choice of treatment options. Excess weight and obesity are known
risk factors for hernias. Obesity places increased pressure on the abdominal
wall, making it more likely to weaken and develop hernias. As obesity rates
rise, the demand for hernia repair devices may increase. Engaging in strenuous
physical activities, especially those involving heavy lifting or repetitive
straining, can increase the risk of hernia development. Athletes and
individuals with physically demanding jobs may be more prone to hernias,
leading to a demand for effective hernia repair solutions. Smoking is
associated with a higher risk of developing chronic cough, which can contribute
to the development of hernias. Smokers who develop hernias may require
treatment, including the use of hernia repair devices. Poor dietary habits,
including a lack of fiber, can lead to constipation and straining during bowel
movements. Such habits can increase the risk of hernias, especially inguinal
hernias. Lifestyle choices that contribute to gastrointestinal issues may necessitate
hernia repair procedures.
Browse
over XX market data Figures and spread through XX
Pages and an in-depth TOC on " Global Hernia Repair Devices Market.”
In October 2022, DORC International has
recently announced two strategic acquisitions, namely Peregrine Surgical LLC
and the complete ownership of WEFIS GmbH. These acquisitions are pivotal in
expanding DORC's production capabilities, fostering innovation, and broadening
its geographic reach. The integration of Peregrine Surgical is expected to
catalyze the advancement of laser and illumination technologies, particularly
tailored for the EVA NEXUS system. Additionally, it bolsters DORC's
instrumentation portfolio, specifically for 27g minimally invasive surgeries
and directional laser probes in the US market. The establishment of a Centre of
Excellence in the US is poised to enhance the company's innovation
capabilities, facilitating the quicker introduction of cutting-edge
instruments. Furthermore, this setup will expedite the regulatory processes for
securing FDA clearance, not only for the US market but also for the accelerated
launch of products globally. Concurrently, DORC has successfully concluded the
acquisition of the remaining stake in WEFIS GmbH. This acquisition marks a
significant milestone in solidifying DORC's presence in the cataract surgical
market. Building on nearly two decades of collaboration as a supplier, this
move will further streamline operations, regulatory functions, and innovation
initiatives. Ultimately, this is aimed at better serving the needs of DORC's
valued customers.
Evolving materials
and designs present challenges in the global hernia repair devices market.
While innovation in materials and designs can lead to improved patient outcomes
and device efficacy, it can also pose certain challenges. Introducing new
materials or design concepts often requires rigorous testing and regulatory
approvals. Navigating the regulatory landscape to ensure compliance can be
time-consuming and costly. Demonstrating the safety and efficacy of new
materials and designs in clinical trials can be challenging. Companies must
invest in robust research to validate their innovations. Developing and
implementing advanced materials and designs may increase production costs.
Balancing the need for cost-effectiveness with innovation is an ongoing
challenge for manufacturers.
Global Hernia Repair Devices Market is segmented based
on Product Type, Procedure Type, Surgery Type and by region.
Based on the Product Type, Global Hernia Repair
Devices Market is segmented into Hernia
Mesh, Hernia Fixation Devices. Hernia
fixation devices, also known as hernia mesh fixation devices, are an essential
component in hernia repair surgeries. These devices are used to secure and
anchor hernia meshes or prosthetic materials in place over the weakened or
damaged abdominal wall, where a hernia has occurred. The primary purpose of
hernia fixation devices is to prevent the mesh from migrating or shifting and
to ensure it remains in the proper position to support the weakened tissue.
The choice of hernia fixation device
depends on various factors, including the type and location of the hernia, the
surgeon's expertise, and the patient's specific medical condition. Surgeons
typically consider factors such as the risk of tissue damage, patient comfort,
and the durability of the fixation when selecting the most appropriate device
for a particular case.
Based on Region, North America held the largest share in the Global Hernia
Repair Devices Market. The presence of well-established healthcare
reimbursement systems, such as private health insurance and government-funded
healthcare programs, often makes it easier for patients to access hernia repair
procedures and devices. North America is a hub for clinical research and
trials. This facilitates the testing and approval of new hernia repair devices,
enabling rapid market entry for innovative products. The rigorous regulatory
standards and oversight by agencies like the U.S. Food and Drug Administration
(FDA) in the United States ensure the safety and efficacy of hernia repair
devices. While this can pose challenges for manufacturers, it also instills
trust in the quality of these devices. Patients in North America generally have
better access to healthcare information and can make informed choices about
hernia repair procedures and devices, contributing to higher demand.
Some of the major companies
operating in the Global Hernia Repair
Devices Market include:
- Medtronic
Plc.
- Ethicon
Inc.
- Beckton
Dickinson & Co,
- Atrium
- W.
L. Gore & Associates, Inc.
- LifeCell
International Pvt. Ltd.
- B.
Braun SE
- Baxter
International Inc.
- Cook
Medical Inc
- Herniamesh
S.r.l.
Download Free Sample Report
Customers can also request
for 10% free customization on this report.
“Certain areas, particularly in North
America, are projected to exert significant demand for Hernia Repair Devices.
The growth in the competitive landscape and the presence of well-established
companies in the market, committed to enhance the overall wellbeing of people each
year, are expected to contribute to a remarkable growth of the Global Hernia
Repair Devices Market in the forecast period," said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based Global management
consulting firm.
Hernia
Repair Devices Market by
Product (Product Type (Hernia Mesh, Hernia Fixation Devices), By Procedure Type
(Open Surgery, Laparoscopic Surgery), By Surgery Type (Inguinal Hernia, Umbilical
Hernia, Incisional Hernia, Femoral Hernia, others), By Region, By Competition
Forecast & Opportunities, 2018-2028F has evaluated the future growth
potential of Global Hernia Repair Devices Market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide innovative market intelligence and help decision makers take
sound investment decisions. Besides, the report also identifies and analyzes
the emerging trends along with essential drivers, challenges, and opportunities
in Global Hernia Repair Devices Market.
Contact
Techsci Research LLC
420 Lexington Avenue, Suite 300,
New York, United States- 10170
Tel: +13322586602
Email: [email protected]
Website: www.techsciresearch.com