The market for hernia repair is growing steadily and expected to continue its growth similarly in near future. Hernia can be caused due to anything that causes an increase in pressure in the abdomen. Hernia is a protrusion of an organ through a weak spot in the surrounding connective tissue called as a fascia.
Some of the major factors in the advancements in the hernia repair such as transition into tension-free technique that incorporates the use of flat sheets of mesh instead of sutures, adoption of large pore meshes, and the adoption of laparoscopic surgeries instead of conventional open technique. Laparoscopic surgery being the minimally invasive surgery has several advantages over conventional open tension-free surgery.
There are various hernia devices and consumables used worldwide. Companies like Medtronic has hernia repair products range which includes Spacemaker Pro Access & Dissector System, Versatex Monofilament Mesh, ReliaTack Articulating Reloadable Fixation Device, Symbotex Composite Mesh, ProGrip Laparoscopic Self-Fixating Mesh, AccuMesh Positioning System, Parietex Composite Ventral Patch, AbsorbaTack (ABSTACK30X) Fixation Device, and others.
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Key Players
Some of the key players in this market are: ABISS, A.M.I. GmbH, Angiologica B.M., Aspide Medical, Atrium Medical Corporation, B. Braun Melsungen AG, Baxter Internationals, C. R. Bard, Inc. (Davol Inc), COOK MEDICAL INC., Cousin Biotech, Covidien (Medtronic), Ethicon, Integra LifeSciences Corporation, and others.
Competitive Analysis
A.M.I. GmbH (Austria), Angiologica B.M. (Italy), Aspide Medical (France), Atrium Medical Corporation (Germnay), B. Braun Melsungen AG (Germany), Baxter Internationals (U.S.), C. R. Bard, Inc. (Davol Inc) (U.S.), COOK MEDICAL INC. (U.S.), Cousin Biotech (France), Covidien (Medtronic) (Republic of Ireland), Ethicon (U.S.), Integra Life Sciences Corporation (U.S), and ABISS (France) are some of the prominent players at the forefront of competition in the Global Hernia Repair Market and are profiled in MRFR Analysis.
October, 2015 - Cook Medical demonstrated Zenapro, hernia repair technology which is a next-generation hybrid that combines outer layers of extracellular matrix with a polypropylene mesh. This technology is already cleared by regulatory agencies (FDA) and available in the U.S. and Europe market, the Zenapro Hybrid Hernia Repair Device integrates a layer of strong, open-weave polypropylene mesh within several layers of small intestinal sub- mucosa extracellular matrix (ECM) biomaterial.
March, 2014 - Covidien had launched its Symbotex composite mesh in the U.S. market for surgical laparoscopic and open ventral hernia repair. This hernia repair product featured a macro porous monofilament, hydrophilic textile in a three-dimensional construction that allowed reinforced strength, memory shape and significant tissue ingrowth and this product includes a bio absorbable collagen film on the visceral side which minimises tissue attachments.
Regional Analysis
Depending on geographic region, hernia repair market is segmented into four key regions: Americas, Europe, Asia-Pacific, and Middle East & Africa. Considering the global scenario of the market, Americas region is believed to be the largest market for hernia repair. North America is the leading market in the America region due to increasing hernia patient population, increasing adoption of minimal invasive surgeries. Moreover, minimally invasive means the degree of invasiveness of the procedure is minimum, thus, is also referred as key whole surgery. At the University of Chicago Medicine, over 70% of major lung resection surgeries are performed using minimally invasive techniques. Furthermore, the European market is also growing continuously and slowly catching up with the American market in the near future. On the other hand, Asia-Pacific market is expected to grow at the fastest pace in the hernia repair segment during the forecasted period. Middle East & Africa region are likely to have a limited but steady growth in the market.
Table Of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restrains
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
TOC Continued….!
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