Transparency Market Research Report Added "Hernia Repair Devices Market" to its database.
Albany, NY -- (SBWIRE) -- 03/09/2016 -- The global hernia repair devices market was valued at US$3.6 bn in 2012 and is predicted to reach US$5.9 bn by 2019, expanding at a 7.50% CAGR during the period between 2013 and 2019. Factors such as the increasing demand for advanced biologic meshes, constant rise in the aging population, and growing adoption of tension-free hernia repair procedures are predicted to propel the global hernia repair devices market in the years to come.
Hernia is growing to become one of the major global health issues. The occurrence of a hernia leads to chronic pain. Hernia is a condition featured by protrusions of organs, especially intestine, through a weakened section of the abdominal wall. If a hernia is left unnoticed and untreated, it leads to widening of the split in muscles, thus increasing the number of tissues and organs being pushed through weakened muscles or openings. Due to the role played by the structural integrity of the body, hernias are commonly observed in the aging population.
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The introduction of hernia repair devices by leading players is predicted to propel the global hernia repair devices market in the years to come. Recently, in Indianapolis, Indiana, Cook Medical demonstrated a next-generation hybrid hernia repair technology, Zenapro, which combines layers of extracellular matrix with polypropylene mesh. The new hernia repair technology is already FDA-cleared and requires an additional bridging material. The hybrid mesh will be available in numerous sizes to accommodate many defects. Currently, the technology is being evaluated in a post-market observation study in five centers, with results expected in May 2016.
North America Accounts for 41.3% of Global Hernia Repair Devices Market
The global hernia repair devices market is segmented on the basis of product and equipment, procedure, and geography. Based on geography, the global hernia repair devices market is divided into Asia Pacific, Europe, North America, and Rest of the World. At present, North America dominates the global hernia repair devices market, accounting for 41.3% of the market. Some of the leading players operating in the global hernia repair devices market are Covidien Plc, Ethicon, B. Braun Surgical, C.R. Bard Inc., and Stryker Corporation.
Based on procedure, the global hernia repair devices market is classified into tension-free repair and open tension repair procedures. Currently, the global hernia repair devices market is dominated by tension-free repair procedures due to the rising preferences for minimally invasive hernia repair procedures.
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Polymer and Prosthetic Mesh Segment to Register Maximum Demand for Hernia Repair Devices
Hernia is diagnosed through clinical laboratory tests and physical examination. Physical examination involves inspection of the bulge and the area around it. Clinical laboratory tests include urine analysis, blood tests, and imaging platforms that are specifically used for cardiac patients. Growth in the prevalence of hernia is majorly due to factors such as the rising obesity epidemic, changing lifestyle habits of the majority of the global population, and the rise in the aging population.
By product and equipment, the global hernia repair devices market is classified into biologic materials, surgical instruments, endoscopy equipment, and polymer and prosthetic mesh. Currently, the polymer and prosthetic mesh segment dominates the global hernia repair devices market.