North America Dominates Hernia Repair Devices Market, States IQ4I in Its New Report Published at MarketPublishers.com
23 Nov 2016 • by Natalie Aster
LONDON – The world market for hernia repair devices is gaining traction on the back of a rapidly ageing population, soaring number of patients with obesity, fast-paced uptake of tension-free repair procedures, and a hike in the demand for minimally invasive surgeries. However, contradictory reimbursement and the expensiveness of hernia repair procedure, high costs of implementation and regulations imposed on robotic surgery, operation failure and reappearance of hernia in geriatric and obese patients alongside the complications and risks related to hernia repair surgery and mesh are some of the factors adversely influencing the development and growth of the market globally.
The North America region is the leader grabbing the majority share of the market as of 2015, followed by Europe. APAC is poised to register the fastest CAGR to 2022. This is primarily owing to the drastic hike in ageing population, an upsurge in minimally invasive procedures and auspicious government policies in North America. Nevertheless, Asian nations, specifically Japan and China, are the most rapidly growing regions with its soaring demand for hernia repair devices. Additionally, hernia is more common in developing countries as against developed geographies, is chiefly owing to the presence of undiagnosed and untreated hernia cases which will likely further boost the hernia repair devices market expansion.
C. R. Bard, Inc., Medtronic, J&J (Ethicon), Acelity L.P. Inc., Insightra Medical, B. Braun Melsungen AG, Cook Medical, Inc., Aspide Medical, W. L. Gore., among others, are the dominant market players.
New cutting-edge research report “Hernia Repair Devices Global Market - Forecast to 2022” elaborated by IQ4I provides an up-close, shrewd look at the market on a global level. The study covers the factors having a bearing on this space, market dynamics, and includes Porter’s five forces analysis. The report investigates the regulatory landscape, looks at patent trends, analyses market shares by top players, canvasses the reimbursement scenario, reviews oncoming/recent product developments, clinical trials, etc. It scrutinises the marketplace on the basis of hernia types, products, and repair types. A regional analysis can be found in the research publication as well. The research report delves deep into the competitive scenario and pays special attention to major companies. A detailed market outlook is provided in the study as well.
More new research reports by IQ4I can be found at its page.