Research and Markets: Hernia Repair Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019
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Escalation in hernia prevalence is contributed by factors such as rise in geriatric population, high obesity epidemic and rapidly changing lifestyle habits. It is predicted that the population aged above 55 is more susceptible to develop hernia owing to the natural weakening of the muscles and high risk of acquiring health disorders. The global hernia repair devices market was valued at USD 3,578.2 million in the year 2012 and is expected to record a growth rate of 7.5% during the forecast period from 2013 to 2019, to reach an estimated value of USD 5,936.4 million by 2019.
The hernia repair devices market can be analyzed by the type of product and equipment employed in hernia repair and the type of hernia repair procedure adopted. The various products and equipment used extensively in hernia repair are polymer and prosthetic and biologic mesh systems, which aid in reconstruction of operated abdominal wall muscles. The synthetic mesh systems are widely adopted in complex hernia repair procedures and are composed of chemicals such as polyester and expanded polytetrafluoroethylene (ePTFE) and provide fast recovery along with negligible post-operative pain. However, chances of recurrence of hernia and rejection of the mesh thereby causing infections in the operated regions are high. On the other hand biologic mesh systems are more advantageous over prosthetic mesh as they render less chance of rejection and infection. With the increased preference for technologically advanced biologic and composite mesh systems, the need and demand for highly effective hernia repair devices also increased. Continuous evolution of endoscopic equipment employed in hernia repair procedures ensures high reliability and accuracy. Thus, continuous product modifications and technological advancements in developing efficient hernia repair devices will propel acceptance of the same.
With increasing preference for minimally invasive hernia repair procedures, there has been increased rate of adoption of tension free hernia repair procedures over the traditional incisional repair procedures. The rationale behind the increased adoption of tension free hernia repair procedures is that it provides fast recovery with negligible post-operative pains compared to the conventional means. Laparoscopic tension free and tension free mesh technique are the two most popular hernia repair procedures amongst others. Currently, robotics assisted surgeries are witnessing increased acceptance majorly due to high consistency, accuracy and less prone to human errors. Owing to this development, the strategic tie-ups of the medical device manufacturers with the developers of robotics surgical equipment provides a plethora of business opportunities in the field of medical devices.
The overall hernia repair devices market is highly fragmented with the presence of both established and emerging companies which include Covidien, C.R.Bard, Ethicon, Cook Medical and Stryker Corporation. The factors which contribute in the growth of the overall hernia repair procedures are continuous product modifications followed by technological advances and increased preference for minimally invasive procedures. However, high cost of the products and procedures along with dicey reimbursement policies may limit the growth prospects for the development of hernia repair devices market.
1 Preface
2 Executive Summary
3 Market Overview
4 Hernia Repair Devices Market, by Products and Equipments
5 Hernia Repair Devices Market, by Procedures
6 Hernia Repair Devices Market, by Geography
7 Recommendations
8 Company Profiles
- BBraun Melsungen
- C R Bard
- Cook Medical
- Covidien
- Ethicon
- Life Cell Corporation
- Olympus Corporation
- WLGore & Associates
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