Report Ocean recently released a research report on the Hernia Repair Market, which covers the market’s historical growth, cost structure, revenue, trends, and potential prospects for the period 2023-2031. The report provides an extensive coverage of the market across various categories and includes a detailed analysis at the national level, along with an evaluation of the key drivers, restraints, trends, and opportunities in the market.
The global hernia repair market size was US$ 3.9 billion in 2021. The global hernia repair market is forecast to reach US$ 6.7 billion by 2030, registering a compound annual growth rate (CAGR) of 6.1% during the forecast period from 2022 to 2030.
Request To Download Sample of This Strategic Report @https://reportocean.com/industry-verticals/sample-request?report_id=Pol541
The global hernia repair market will be driven by the growing cases of hernia, rising geriatric population, and rapidly growing number of advanced products for the treatment of hernia.
COVID-19 Impact Analysis
During the COVID-19 pandemic, various surgical operations were canceled in order to prevent to further spread of the virus worldwide. Patients also stopped visiting the hospitals as there were high chances of getting infected from the COVID-19 patients.
Moreover, hernia cases also reduced gradually during the pandemic. As a result, it reduced the demand for treatments. With a gradual decrease in demand, the global hernia repair market witnessed a significant decline in terms of revenue generation.
Factors Influencing
- The key growth drivers for the hernia repair market are the rising prevalence of hernia, technological advancements in the industry, such as biological mesh, reimbursement convenience, and growing awareness about efficient repair surgeries. According to a report published by the National Center for Biotechnology Information called International Guidelines, nearly 20 million individuals worldwide underwent hernia repair treatment in 2018.
- In addition, the expansion of the hernia repair market is attributed to several factors, such as the increasing aging population, rising demand for robotic surgery, and escalating healthcare expenditures. World Health Organization (WHO) estimates that there were roughly 524 million individuals aged 65 and over in the world in 2010, with 1.5 billion predicted by 2050.
- The high cost of mesh repair and lack of skilled professionals may hamper the growth of the global hernia repair market.
Geographic Analysis
Regionally, North America accounts for the largest hernia repair market due to the growing awareness and acceptance of hernia repair treatment in the region.
In addition, increasing geriatric population and the presence of a large number of hernia patients are contributing to the growth of the hernia repair market.
Asia-Pacific is forecast to emerge as the rapidly growing region in the global hernia repair market, mainly due to the increasing number of hernia patients, rising geriatric population, and growing medical tourism in the region. Furthermore, increasing government initiatives towards improving healthcare infrastructure will create a positive impact on the global hernia repair market during the analysis period.
Download Sample Report, SPECIAL OFFER (Avail an Up-to 30% discount on this report ) @https://reportocean.com/industry-verticals/sample-request?report_id=Pol541
Competitors in the Market
- B. Braun Melsungen AG
- Becton
- Dickinson and Company
- Getinge AB
- Johnson & Johnson
- Cook Group Inc.
- Medtronic PLC.
- Integra Lifesciences Holdings Corporation
- W. L. Gore & Associates
- Via Surgical
- Herniamesh
- Other prominent players
Market Segmentation
The global hernia repair market segmentation focuses on Product, Surgery, Procedure, and Region.
Product Type Outlook
- Hernia Mesh
- Biologic Mesh
- Synthetic Mesh
- Hernia Fixation Devices
- Sutures
- Tack Applicators
- Glue Applicators
Surgery Type Outlook
- Inguinal Hernia
- Umbilical Hernia
- Incisional Hernia
- Femoral Hernia
- Others
Procedure Type Outlook
- Open Surgery
- Laparoscopic Surgery
Get The Insights You Need By Customizing Your Report To Fit Your Unique Needs And Goals:https://reportocean.com/industry-verticals/sample-request?report_id=Pol541
Regional Outlook
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Table of Content
Chapter 1: Global Hernia Repair Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Hernia Repair market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Hernia Repair Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Hernia Repair market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Hernia Repair market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Hernia Repair market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Hernia Repair market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Hernia Repair business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
Access Full Report Description, TOC, Table of Figure, Chart, etc.-https://reportocean.com/industry-verticals/sample-request?report_id=Pol541
About Report Ocean:
Report Ocean is a renowned provider of market research reports, offering high-quality insights to clients in various industries. Their goal is to assist clients in achieving their top line and bottom line objectives, thereby enhancing their market share in today’s competitive environment. As a trusted source for innovative market research reports, Report Ocean serves as a comprehensive solution for individuals, organizations, and industries seeking valuable market intelligence.
Contact Information:
Email:sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611, United States
Telephone: +1 888 212 3539 (US – Toll-Free)
For more information and to explore their offerings, visit their website at:https://www.reportocean.com/