The hernia repair market projected to grow at a CAGR of 3.0% from 2018 to 2023

Monday, June 4, 2018 Research News
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NEW YORK, June 4, 2018 /PRNewswire/ -- The hernia repair market projected to grow at a CAGR of 3.0% from 2018 to 2023.The hernia repair market is projected to reach USD 4.75 billion

by 2023 from USD 4.09 billion in 2018, at a CAGR of 3.0%. Factors such as the increasing adoption of mesh in hernia repair surgeries, rising geriatric population, new product developments, and favorable reimbursement scenario in developed countries are
driving the growth of this market. However, the unfavorable reimbursement scenario in developing countries, the high cost associated with mesh repair, and the development and adoption of new surgical techniques such as the Desarda technique are expected to restrain the growth of this market.Read the full report: The mesh fixators segment is expected to be the fastest-growing segment during the forecast period.Based on product, the market is segmented into hernia mesh and mesh fixators.The hernia mesh fixators segment is expected to register the highest growth rate during the forecast period, owing to the increasing awareness about the advantages associated with non-mechanical type of mesh fixators such as glue.The hernia mesh fixators market is segmented into sutures, tack applicators, and glue applicators.The inguinal hernia segment is estimated to account for the largest share of the hernia mesh market in 2018.Based on surgery type, the hernia mesh market is segmented into inguinal hernia, incisional/ventral hernia, femoral hernia, and umbilical hernia.Of these, the inguinal hernia segment is expected to account for the largest market share in 2018.The large share of this segment is attributed to the high number of inguinal hernia repair surgeries performed worldwide every year.Asia Pacific expected to register the highest growth rate in the hernia repair market.Geographically, the hernia repair market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific is expected to register the highest growth rate during the forecast period, owing to the presence of a large target patient population, improving diagnosis and treatment rates for hernia, and growing adoption of advanced treatment options.Breakdown of supply-side primary interviews:• By Company Type - Tier 1 – 31%, Tier 2 – 49% and Tier 3 – 20%• By Designation – – C-level – 28%, Director-level – 19%, Others – 53%• By Region – North America - 31%, Europe – 33%, APAC – 19%, RoW – 17%The major players in the hernia repair market profiled in this report are Covidien ( Part of Medtronic) (Ireland), Ethicon (Part of Johnson & Johnson) (US), B. Braun (Germany), C.R. Bard (Part of Becton Dickinson) (US), W. L. Gore (US), LifeCell (Part of Allergan) (Ireland), Maquet (Part of Getinge) (Sweden), Cook Medical (US), Integra (US), DIPROMED (Italy), FEG (Germany), Cousin Biotech (France), Herniamesh (Italy), Aspide Medical (France), TransEasy Medical (China), and Via Surgical (Israel).Research CoverageThis report studies the hernia repair market based on product, surgery and region.The report analyzes micromarkets with respect to their individual growth trends, prospects, and contributions to the total market.The report forecasts the revenue of the market segments with respect to ten countries.Reasons to Buy the Report:From an insights perspective, this research report has focused on various levels of analysis— market ranking analysis of top players and company profiles, which together comprise and discuss basic views on the competitive landscape, emerging segments of the hernia repair market, and high-growth regions.The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help firms garner greater market shares.Read the full report: About 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. __________________________ Contact Clare: US: (339)-368-6001 Intl: +1 339-368-6001

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