Hernia Repair Devices and Consumables Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Hernia is a medical condition in which the contents of a body cavity bulges out of the area where they are normally contained. Generally, the organ that swells from the body is abdominal fatty tissue or intestinal portions, present in the thin membrane that lines the inside cavity. The common symptoms of hernia are usually observed during running, walking or resting. Most of the hernias are not severe and can be removed through surgeries for preventing complications. The treatment options available for the hernia repair are surgery, medication and change in lifestyle.

MARKET SCOPE

The "Global Hernia Repair Devices and Consumables Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the hernia repair devices and consumables market with detailed market segmentation by product, hernia type, surgery, and geography. The report provides key statistics on the market status of the leading hernia repair devices and consumables market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   The product segment includes, fixation devices, meshes, and surgical instruments.
  
•   Based on hernia type, the market is segmented as, umbilical hernia, incisional hernia, inguinal hernia, femoral hernia, and others.
  
•   Based on surgery, the market is classified as, laparoscopic surgery and open tension-free repair surgery.
  

MARKET DYNAMICS

Drivers

•   Rising prevalence of hernia
  
•   Increasing adoption of technologically advanced products
  
•   Rise in number of obese population.
  
•   Increase in disposable incomes and rising patient awareness about hernia surgical procedures
  

Restraints

•   High cost of hernia repair procedures
  
•   Unfavorable reimbursement policies
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The hernia repair devices and consumables market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the hernia repair devices and consumables market in these regions.

IMPACT OF COVID-19 ON HERNIA REPAIR DEVICES AND CONSUMABLES MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the hernia repair devices and consumables market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from hernia repair devices and consumables market are anticipated to lucrative growth opportunities in the future with the rising demand for hernia repair devices and consumables in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the hernia repair devices and consumables market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   B. Braun Melsungen AG
  
•   C.R. Bard
  
•   Baxter International Inc.
  
•   W. L. Gore & Associates, Inc.
  
•   Medtronic
  
•   Cook Medical Inc.
  
•   Cooper Surgicals Inc.
  
•   LifeCell Corporation
  
•   Atrium Medical Corporation
  
•   Integra LifeSciences Corporation
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Hernia Repair Devices and Consumables Report Scope