Hernia Repair Devices (Permanent and Absorbable Hernia Fixation) Market to Observe Prominent CAGR Growth of 6.8% by 2029
Global Hernia Repair Devices (Permanent and Absorbable Hernia Fixation) Market – Industry Trends and Forecast to 2029 research report makes use of SWOT analysis and Porter’s Five Forces analysis to disclose the strengths, weaknesses, opportunities, and threats in the HELATH industry. This report is an important source of guidance for companies and individuals offering industry chain structure, business strategies and proposals for new project investments. Analysis and estimation of important industry trends, market size, and market share are mentioned in this market report. An influential Global Hernia Repair Devices (Permanent and Absorbable Hernia Fixation) Market – Industry Trends and Forecast to 2029 business report proves to be an indispensable document for every market enthusiast, policymaker, investor, and player.
The global hernia repair devices (permanent and absorbable hernia fixation) market is supportive and aims to reduce the progression of the disease. Data Bridge Market Research analyses that the global hernia repair devices (permanent and absorbable hernia fixation) market will grow at a CAGR of 6.8% during the forecast period of 2022 to 2029.
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The demand for hernia repair is increasing, for which manufacturers are involved in the new product launches, promotions, awards, certification, and event participation in the market. These decisions are ultimately enhancing the growth of the market.
The global hernia repair devices (permanent and absorbable hernia fixation) market report provides details of market share, new developments, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an analyst brief. Our team will help you create a revenue impact solution to achieve your desired goal. Strategic initiatives such as collaboration, agreement, and sales agreements to invent and innovate pharmacological treatments are the major drivers that propelled the market’s demand in the forecast period.
Market Overview:
Hernia is a physiological problem where any tissue or organ pierces through a weakness or opening in the cavity wall where it usually resides. A very common example of this is the intestine coming out through the weak peritoneum of the abdominal wall, which is detected as a pouch under the skin. The cause of hernia is associated with the weak tissue of the cavity wall, which might be influenced by several risk factors, including obesity, intra-abdominal pressure, and previous abdominal surgeries.
Hernia may be of different types depending on its location in the human body. It can appear in an inguinal cavity, umbilicus, femoral canal, and epigastrium. Hernia usually makes a visible bulge on the skin, inducing pain and complications in patients. Primarily, the grown hernia induces discomfort and sometimes severe pain in the area. This pain intensifies during bowel movements, urination, or heavy physical labor. The protruded intestine part may also be strangulated and hamper blood circulation if the protruded tissue gets swelled. Later on, this may lead to infection, necrosis, and life-threatening complications
Recent Developments
- In June 2021, B.G. Medical., the manufacturer and distributor of the 21st Century SURGIMESH Platform, announced it was honoring Hernia Awareness Month by partnering with CQInsights to pioneer a new approach that delivers better outcomes for patients, with a larger mission to share sustainable solutions that improve healthcare for everyone.
- In July 2021, B.D. (Becton, Dickinson and Company) announced it has acquired Tepha, Inc., a leading developer and manufacturer of proprietary resorbable polymer technology. The acquisition of Tepha provides strategic vertical integration of an important supply chain component for B.D.’s existing Phasix Mesh products. Tepha’s GalaFLEX portfolio, also based on the novel P4HB polymer, is included in the acquisition.
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Major Players
Data Bridge Market Research recognizes the following companies as the market players in hernia repair devices (permanent and absorbable hernia fixation) market: 3M (U.S.), PerkinElmer Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), bioMérieux SA (France), Neogen Corporation (U.S.), Biorex Food Diagnostics (BFD) (U.K.), Randox Food Diagnostics (U.K.), ROKA BIO SCIENCE (U.S.), Invisible Sentinel (U.S.), Clear Labs, Inc. (U.S.), LuminUltra (Canada), FOSS (Denmark), Noack Group (Austria), Shimadzu Corporation (China), Agilent Technologies, Inc. (U.S.), Ring Biotechnology Co Ltd. (China), Omega Diagnostics Group PLC (U.K.), Biomedica Medizinprodukte GmbH (Germany), Romer Labs Division Holding GmbH (Russia), LexaGene (U.S.).
The condition of hernia requires treatment approaches including medication and surgery. A hernia occurs when an internal part of the body pushes through a weakness in the muscle or surrounding tissue wall. The demand for hernia repair devices is high due to increase in prevalence of hernia types such as inguinal hernia and femoral hernia, which is expected to drive the market growth. Hence, the high prevalence of different types of hernia is expected to drive the hernia repair devices (permanent and absorbable hernia fixation) market growth.
Segment Analysis:
The global hernia repair devices (permanent and absorbable hernia fixation) market is categorized into three notable segments based on type, end user, and distribution channel.
- On the basis of type, the hernia repair devices (permanent and absorbable hernia fixation) market is segmented into inguinal hernia, femoral hernia, umbilical hernia, hiatal (hiatus) hernia, incisional hernia, epigastric hernia, spigelian hernia and diaphragmatic hernia. In 2022, inguinal hernia segment is expected to dominate the market with 59.93% market share.
- On the basis of end user, the hernia repair devices (permanent and absorbable hernia fixation) market is segmented into hospitals, specialty clinics, ambulatory surgical centers, and others. In 2022, hospitals segment is expected to dominate the market with 32.67% market share owing to presence of a large professional’s portfolio available for giving the proper treatment. Moreover, cost-effective and high quality diagnostic care and services in safe healthcare environment are provided.
- On the basis of distribution channel, the hernia repair devices (permanent and absorbable hernia fixation) market is segmented into direct tender and retail sales. In 2022, hospital pharmacy segment is expected to dominate the market with 42.82% market share as they are the primary source of procurement of the devices by healthcare organizations. The procurement of products through retail channels such as hospital pharmacies sales is highly cost effective and convenient for healthcare providers.
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Regional Analysis
Geographically, the countries covered in the hernia repair devices (permanent and absorbable hernia fixation) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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