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Global Hernia Repair Devices and Consumables Market (2021 to 2028) - Players Include CR Bard, Via Surgical & Medtronic Among Others - ResearchAndMarkets.com

·2-min read

The "Global Hernia Repair Devices and Consumables Market 2021-2028" report has been added to ResearchAndMarkets.com's offering.

According to this report, the global market for hernia repair devices and consumables market is assessed to exhibit growth at a CAGR of 3.80% during the calculated years of 2021-2028.

The global market's progress can be attributed to the rising acceptance of tension-free repair procedures, along with the growing occurrence of hernias. Additionally, the surge in strategic collaborations among robotic surgical equipment manufacturers is opening several new opportunities for the hernia repair devices and consumables market over the predicted period.

However, the inadequate reimbursement policies and high cost of hernia repair surgeries are factors that are significantly limiting the expansion of the hernia repair devices and consumables market's progress globally.

The global market includes the Asia-Pacific, North America, Latin America, Europe, and the Middle East and Africa regions.

Globally, North America holds the largest market for hernia repair devices and consumables, and is likely to continue dominating the market till 2028. The region's robust growth is primarily owing to the high occurrence of hernia diseases, improved healthcare facilities, government initiatives, and rising awareness relating to hernia surgeries.

Furthermore, inguinal hernia repair is among the most common surgeries across the United States. Moreover, this condition is considered to account for 75% of all abdominal wall hernias, which significantly influences the demand for hernia repair devices and consumables. Hence, these factors are likely to augment the growth of the hernia repair devices and consumables market in North America.

Market Dynamics

Drivers

  • Rising Acceptance of Tension-Free Repair Procedures

  • Increasing Prevalence of Hernia

Restraints

  • Inadequate Reimbursement Policies

  • High Cost of Hernia Repair Surgeries

Opportunities

  • Increased Strategic Collaborations Among Robotic Surgical Equipment Manufacturers

  • Opportunities for Market Development in Emerging Countries

Companies Mentioned

  • Cook Medical Inc

  • the Cooper Companies Inc

  • B Braun Melsungen AG

  • Johnson and Johnson (Ethicon Inc)

  • CR Bard Inc

  • Via Surgical Ltd

  • Medtronic plc

  • Cryolife Inc

  • Herniamesh Srl

  • Allergan plc

  • Integra Lifesciences Corporation

  • Zimmer Biomet Inc

  • WL Gore & Associates

  • Baxter International Inc

For more information about this report visit https://www.researchandmarkets.com/r/3xq8u4

View source version on businesswire.com: https://www.businesswire.com/news/home/20210302005602/en/

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