Hernia Repair Market Will Rise Due To Growing Geriatric Populations, Increasing Adoption of Mesh in Hernia Repair Surgeries

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This report studies the global Hernia Repair market status and forecast, categorizes the global Hernia Repair market size (value & volume) by manufacturers, type, application, and region.

According to a report available on Radiant Insights, Inc.; the hernia repair market is likely to grow significantly by 2025. Growing geriatric populations, increasing adoption of mesh in hernia repair surgeries, favorable reimbursement schemes in industrialized countries, and new product developments can drive the market during the forecast period (2018 to 2025).

Poor nutrition, genetic issues, changes in lifestyle, and smoking are some of the most important factors leads to hernia. Persistent coughing due to smoking is one of the major causes of this condition; therefore smoker is higher risk to get suffer from this condition. Rising cases of hernia and use of meshes to improve patient’s outcome, reduces the operative and recovery time. Use of meshes has fewer chances of recurrence and help to reduce pain. This is likely to accelerate the market growth. Rising focus on adoption of composite mesh, increasing demand for robotic surgeries, high adoption of tension free procedures, and technological developments in mesh materials like biological mesh are the key trends in the market.

For instance, TELA Bio, Inc., recently launched the product line called OviTex, which can be used in ventral hernia. The OviTex portfolio comprises six products with a different thicknesses, sizes, and degrees of reinforcement. OviTexReinforced BioScaffolds (RBSs) consist of an embedded polymer and an intact extracellular matrix (ECM), a biologic building block obtained from ovine rumen, in layered constructs intended for multi-directional cell repopulation and remolding of healthy tissue.

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However, factors such as high costs of these surgeries, strict regulation on adoption of robotic procedures, and inconsistent reimbursement policies can hinder the market growth. In addition, cases of mesh fixation failure in elderly and obese patients due to weak muscles may increase the chances of recurrence, which is likely to affect the acceptance of these products. Worldwide hernia repair market can be segmented on the basis of product, application, and region. Based on product, the market can be classified into hernia mesh and mesh fixator. As per application, the market can be categorized into incisional/ventral hernia repair, inguinal hernia repair, femoral hernia repair, and umbilical hernia repair.

Geographically, the market can be divided into North America, Europe, Central and South America, Southeast Asia, China, Japan, India, and Middle East and Africa. North America has been dominating the market. Factors such as high prevalence of disease, established healthcare facilities, high adoption of surgical meshes in treatment, and inactive lifestyle are driving the growth in this region. The U.S. represents the largest market in this region due to presence of large base of hernia patients, and availability of favorable healthcare system.

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Southeast Asia and other emerging countries like China, India, and Japan are likely to show lucrative gains in the coming years. This growth can be associated with existence of large patient base, growing expenditure for healthcare, improving healthcare infrastructure, increasing disposable income, growing healthcare industry, and growing awareness regarding target disorder management. Growing acceptance for tension-free repair procedure and presence of healthcare insurance are the major factors driving the growth in China. Prominent companies operating in the market include B. Braun Melsungen AG, FegTextiltechnik MBH, W. L. Gore & Associates, FegTextiltechnik MBH, and Trans easy Medical Tech. Players in the market are mainly emphasizing on research and development activities to develop innovative products to meet patient centric needs and aid ease in procedure. 

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About Radiant Insights, Inc

Radiant Insights is a market research and consulting company offering syndicated research studies, customized reports, and consulting services. Our market research studies are designed to facilitate strategic decision making, on the basis of extensive and in-depth quantitative information, supported by extensive analysis and industry insights. Using a patented and robust research methodology, we publish exhaustive research reports covering a host of industries such as Technology, Chemicals, Materials, and Energy. Radiant Insights has a strong base of analysts, consultants and domain experts, with global experience helping us deliver excellence in all research projects we undertake.

 

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