Global Hernia Repair Devices Market Forecast to 20

Dublin, April 03, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Hernia Repair Devices Global Market -Forecast to 2022" report to their offering. The Hernia repair devices global market is segmented based on hernia types, products, repair types, and geography. The hernia types are segmented into Incisional, Inguinal, Umbilical and other types, based on the product types into fixation devices, meshes and other products. The meshes are further sub-segmented into synthetic meshes and biological meshes. Further, synthetic meshes are classified into absorbable and non-absorbable meshes. Based on the types of repair procedure into Tension repair, open-tension repair, laparoscopic tension free repair and robotic assisted hernia repair types and the geographically market is divided into North America, Europe, Asia-Pacific and Rest of the world. An increasing number of patients suffering from obesity, the rise in aging population, rising adoption of tension free repair procedures and increasing demand for minimally invasive procedures, are driving the growth of hernia repair devices global market. However, Inconsistent reimbursement and the high cost of hernia repair procedure, High implementation cost and regulations posed on robotic surgery, operation failure and recurrence of hernia in obese and Geriatric patients and also the risks and complications associated with hernia repair surgery and mesh are negatively influencing the expansion of hernia repair devices global market. Technological advancements such as improvements in meshes including Self-Fixating (gripping) Mesh and the articulating fixation devices are designed to overcome the issues facing from the laparoscopic procedure and also help surgeons with greater access to weak spots within the abdominal wall and enable them to more securely tack mesh into exact place. Furthermore, drug-eluting hernia meshes, which reduce the chances of infection rate due to its antimicrobial activity, are the new advancements in this market.

North America accounted for the largest market share in 2015 for hernia repair devices market followed by European region. Asia-Pacific region is expected to grow at the highest CAGR from 2015 to 2022. This is mainly due to the steep rise in ageing population, an increase in minimally invasive surgeries and favourable government policies makes North America the leader of the Hernia repair devices global market. However, Asian countries especially Japan and China's are the fast growing regions with its growing demand for Hernia repair devices. In addition, increasing prevalence of hernia is more in developing countries compared to developed countries, is mainly due to the undiagnosed and untreated hernia cases which will further increase the growth and development of hernia repair devices market. Market Dynamics

Drivers

• Increasing Demand For Minimally-invasive Procedures
• Growing Number Of Patients Suffering From Obesity
• Rise in Aging Population
• Rising Adoption Of Tension-Free Repair Procedures

Opportunities

• Opportunities in Emerging Economies
• Hernia Repair Devices Manufacturers' Strategic Tie-Ups With Robotic Surgery Equipment Manufacturers

Restraints and Threats

• Complications Of Hernia Repair Surgery and Mesh
• Operation Failure in Obese and Geriatric Patients
• Inconsistent Reimbursement and High Cost Of Hernia Repair Procedure
• High Implementation Cost and Regulations Posed on Robotic Surgery.

Companies Mentioned

• Acelity L.P. inc.
• Aspide Medical
• B.Braun Melsungen AG
• C.R.Bard inc.
• Cook Medical inc.
• Getinge AB
• Insightra Medical inc.
• Johnson & Johnson (Ethicon, inc.)
• Medtronic, Plc
• W. L. Gore & Associates, inc.

For more information about this report visit http://www.researchandmarkets.com/research/r7...nia_repair

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