PUBLISHER: Grand View Research | PRODUCT CODE: 1363210
PUBLISHER: Grand View Research | PRODUCT CODE: 1363210
The global hernia repair devices market size is expected to reach USD 8.05 billion by 2030, registering a CAGR of 3.9% over the forecast period, according to a new report by Grand View Research, Inc.. The market is primarily driven by increasing prevalence of obesity and hernia globally. Being overweight causes the pressure and strain on abdominal muscles and makes them prone to development of the disease. Moreover, technological advancements and several product launches in the field of repair devices are further augmenting the growth.
Factors contributing to the growth include sedentary lifestyle, obesity, large weight loss, poor diet, chronic cough, and pregnancy. Furthermore, favorable reimbursement policies and FDA approvals of various repair devices are encouraging patients to opt for open or laparoscopy surgery. According to NCBI Report, more than 20.0 million hernia repair procedures are performed each year globally. The surgical procedure is an important revenue stream for hospitals, estimated at USD 48.0 billion per year in U.S.
Increasing healthcare expenditure and rising awareness about various surgical procedures in developing countries are also propelling market growth. Furthermore, technological advancement and increasing number of product launches in the field are also adding growth to the market. Rising number of minimally invasive surgeries and advent of robotic suturing are also gaining traction and compelling many patients to undergo surgery, thereby generating revenue to the market.
Asia Pacific is anticipated to witness the fastest CAGR over the forecast period. This is attributed to growth of medical tourism and technological advancements in healthcare devices. In addition, availability of healthcare reimbursements and affordable medical treatment are driving the market in the region. Moreover, presence of large patient pool in Japan and China is anticipated to propel market growth over the forecast period.
List of Figure
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Hernia repair devices: Market outlook
Fig. 9 Hernia repair devices: Competitive insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook
Fig. 12 Penetration and growth prospect mapping
Fig. 13 Industry value chain analysis
Fig. 14 Hernia repair devices market driver impact
Fig. 15 Hernia repair devices market restraint impact
Fig. 16 Hernia repair devices market strategic initiatives analysis
Fig. 17 Hernia repair devices market: Product type movement analysis
Fig. 18 Hernia repair devices market: Product type outlook and key takeaways
Fig. 19 Hernia mesh market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 20 Biologic mesh market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 21 Synthetic mesh devices market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 22 Hernia fixation devices market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 23 Sutures market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 24 Tack applicators devices market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 25 Glue applicators market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 26 Hernia repair devices market: Procedure type movement analysis
Fig. 27 Hernia repair devices market: Procedure type outlook and key takeaways
Fig. 28 Open surgery market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 29 Laparoscopic surgery market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 30 Hernia repair devices market: Surgery type movement analysis
Fig. 31 Hernia repair devices market: Surgery type outlook and key takeaways
Fig. 32 Inguinal hernia market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 33 Umbilical hernia market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 34 Incisional hernia market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 35 Femoral hernia market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 36 Others market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 37 Global hernia repair devices market: Regional movement analysis
Fig. 38 Global hernia repair devices market: Regional outlook and key takeaways
Fig. 39 North America market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 40 U.S. market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 41 Canada market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 42 Europe market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 43 UK market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 44 Germany market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 45 France market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 46 Italy market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 47 Spain market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 48 Sweden market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 49 Norway market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 50 Denmark market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 51 Asia Pacific market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 52 Japan market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 53 China market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 54 India market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 55 Australia market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 56 Thailand market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 57 South Korea market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 58 Latin America market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 59 Brazil market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 60 Mexico market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 61 Argentina market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 62 Middle East and Africa. market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 63 Saudi Arabia market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 64 South Africa market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 65 UAE market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 66 Kuwait market estimates and forecasts, 2018 - 2030 (USD Million)