NEW YORK, Nov. 10, 2016 /PRNewswire/ -- The Hernia repair devices global market is expected to grow at a single digit CAGR
Hernia repair devices are medical devices that are used for the treatment of hernia. An increasing number of patients suffering from obesity, the rise in aging population, rising adoption of tension free repair procedures and increasing demand for minimally invasive procedures, are driving the growth of hernia repair devices global market. However, Inconsistent reimbursement and the high cost of hernia repair procedure, High implementation cost and regulations posed on robotic surgery, operation failure and recurrence of hernia in obese and Geriatric patients and also the risks and complications associated with hernia repair surgery and mesh are negatively influencing the expansion of hernia repair devices global market.
Technological advancements such as improvements in meshes including Self-Fixating (gripping) Mesh and the articulating fixation devices are designed to overcome the issues facing from the laparoscopic procedure and also helps surgeons with greater access to weak spots within the abdominal wall and enable them to more securely tack mesh into exact place. Furthermore, drug-eluting hernia meshes, which reduce the chances of infection rate due to its antimicrobial activity, are the new advancements in this market. Continuous technological progress in Minimally-Invasive procedures such as laparoscopic surgery is becoming popular globally due to their better clinical outcomes than open surgical procedures. In addition, the adoption of robotic-assisted surgical technique in hernia repairs is becoming popular as it can offer a low rate of hernia recurrence, low pain, and fewer hospital stays compared to the other procedures. Hence, all these factors are hindering the growth of hernia repair devices market globally.
The Hernia repair devices global market is segmented based on hernia types, products, repair types, and geography. The hernia types are segmented into Incisional, Inguinal, Umbilical and other types, based on the product types into fixation devices, meshes and other products. The meshes are further sub-segmented into synthetic meshes and biological meshes. Further, synthetic meshes are classified into absorbable and non-absorbable meshes. Based on the types of repair procedure into Tension repair, open-tension repair, laparoscopic tension free repair and robotic assisted hernia repair types and the geographically market is divided into North America, Europe, Asia-Pacific and Rest of the world.North America accounted for the largest market share in 2015 for hernia repair devices market followed by European region. Asia-Pacific region is expected to grow at the highest CAGR from 2015 to 2022. This is mainly due to the steep rise in ageing population, an increase in minimally invasive surgeries and favourable government policies makes North America the leader of the Hernia repair devices global market. However, Asian countries especially Japan and China's are the fast growing regions with its growing demand for Hernia repair devices. In addition, increasing prevalence of hernia is more in developing countries compared to developed countries, is mainly due to the undiagnosed and untreated hernia cases which will further increase the growth and development of hernia repair devices market.The major companies involved in hernia repair devices are C. R. Bard, Inc., (U.S.), Medtronic (Ireland), J&J (Ethicon) (U.S.), Acelity L.P. Inc., (U.S.). Insightra Medical (U.S.), B. Braun Melsungen AG, (Germany), Cook Medical, Inc., (U.S.), Aspide Medical (France), W. L. Gore. (U.S.), Etc.The report provides an in-depth market analysis of the above-mentioned segments across the following regions:- North America- Europe- Asia-Pacific - Rest of the World (RoW)Read the full report: http://www.reportlinker.com/p04305535-summary/view-report.htmlAbout Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.http://www.reportlinker.com__________________________Contact Clare: [email protected]US: (339)-368-6001Intl: +1 339-368-6001
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