
Hernia Repair Devices and Consumables Market (Forecast Period 2021-2028): The report provides a valuable source of insightful data for business strategists and competitive analysis of Hernia Repair Devices and Consumables Market. The study covers important knowledge that makes the analysis document a handy resource for managers, analysts, business consultants and different key individuals get ready-to-access and self-analyzed study in conjunction with graphs and tables to assist perceive market trends, drivers and market challenges.It also highlights the restraints and opportunities expected to influence the market’s growth during the said period. The study provides a holistic perspective on the market’s growth throughout the above mentioned forecast period in terms of revenue(in US$ Mn) and Volume (Thousand Units), across different geographies.
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Major Players In This Market Are: C. R. Bard Medicals, Baxter Internationals, Medtronic Inc., B Braun Melsungen AG, W.L. Gore & Associates Inc., Cooper Surgicals Inc., and Ethicon Inc.
Hernia is one of the common conditions affecting a large percentage of population worldwide. Over one million hernia repair surgeries are performed each year, many of which use hernia repair devices and consumables. Thus, there is an increasing demand for hernia repair devices and consumables, which in turn is driving the hernia repair devices and consumables market. The most common types of hernia are incisional (resulting from an incision), inguinal (inner groin), umbilical (belly button), femoral (outer groin), and hiatal (upper stomach). The most common laparoscopic techniques for inguinal hernia repair are totally extraperitoneal (TEP) repair and transabdominal preperitoneal (TAPP) repair.
More than 3 million hernia mesh repair surgeries are carried out worldwide every year. Growth of the hernia repair devices and consumables market, in North America, is mainly driven by the increasing prevalence of hernia, especially in the United States. According to the Food and Drug Administration (FDA), in the U.S., more than one million hernia repairs are performed each year. Of which, around 800,000 are performed to repair inguinal hernias and the rest are for other types of hernias. This in turn is expected to increase the demand for hernia repair devices and consumables. Moreover, the FDA considers hernia repair devices to be safe, but admits that complications may occur in rare cases. These complications can be fatal.
There are three main types of hernia surgery: open repair, robotic repair, and laparoscopic (minimally invasive) repair, and there are three treatment options, such as surgery, medication, and change in lifestyle. Symptoms such as vomiting, pain, heartburn, constipation, and others can be observed during certain activities such as walking or running. Hernia mesh, or surgical mesh, is a medical device used to support and hold organs in place after surgery, attached to the area surrounding the hernia with glue, staples, or stitches. Hernia mesh are of three types, such as biologic, composite, or synthetic. Hernia mesh devices are used to provide additional support to weak/damaged tissue.
Moreover, increasing geriatric population is also expected to increase the demand for hernia repair devices and consumables. Elderly patients are more prone to have inguinal hernia due to weakened abdominal musculature. According to the World Health Organization (WHO), by 2050, the world’s population aged 60 years and older is expected to total 2 billion, up from 900 million in 2015. This in turn is also expected to augment growth of the hernia repair devices and consumables market, worldwide. However, a hernia repair device manufacturer has to satisfy various clinical and regulatory requirements before launching the product. Which may act a potential barrier for the market growth.
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In this study, the years considered to estimate the market size of Hernia Repair Devices and Consumables are as follows:
History Year: 2017-2020
Base Year: 2020
Estimated Year: 2021
Forecast Year 2021 to 2028
The next part also sheds light on the gap between supply and consumption. Apart from the mentioned information, growth rate of Hernia Repair Devices and Consumables Market in 2028 is also explained. Additionally, type wise and application wise consumption tables and figures of Hernia Repair Devices and Consumables Market are also given.
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