#Asia Pacific Hernia Repair Devices and Consumables Market Analysis
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Global Digital Transformation Spending in Logistics Market 2020 Top Companies Analysis – IBM, Unisys Corporation, Oracle, Sanco Software, Tech Mahindra, APL Logistics Ltd
The Global Digital Transformation Spending in Logistics Market analysis report published on Qualiket Research website which includes analysis of market forecast, share, size and dynamics covered in the report. This is latest report comprises overview of the Global Digital Transformation Spending in Logistics Market, with an informative explanation. The Global Digital Transformation Spending in Logistics Market has been studied in detail to arrive an accurate & insightful conclusion regarding the current market trends noted in the industry.
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Digital transformation is an on-going process in logistics industry which is having significant impact on private as well as business environment. Digital transformation provides new opportunities for logistics as this integrative discipline, managing worldwide-distributed networks. Continuous growth in e-commerce coupled with quick delivery of products to gain competitive advantage has increase the demand for transport management systems and warehouse management system which is expected to drive the global digital transportation spending in logistics market growth.
The report at first explores some of the key dynamics that hold a strong influence over the global Digital Transformation Spending in Logistics Market. The report has taken 2020 as the base year, provides historical insights for the period between 2020 and 2027, and forecasts the market till the end of 2027. The study of the market will include key volume trends, projected valuations, and the pricing history. In addition to the growth inducing factors, the restraints of the market and the various recent developments have also been studied in the report.
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Increase in demand for digitalization of business processes and rise in cost pressure on the service providers is the key driving factor which is expected to boost the global digital transformation spending in logistics market growth. Furthermore, increase in adoption of digitalization in various industries including logistics, and the benefits are revolutionary for companies with greater consumer awareness, innovative business models, and reach higher productivity will positively contribute the market growth. Moreover, logistics industry spend on digital transformation to increase efficiency, sped, optimization, and timing of logistic services, thereby increase the customer satisfaction which is expected to fuel the market growth during this forecast period.
However, requirement of huge investment and incur high maintenance costs are the major challenging factors for market which is expected to hamper the global digital transportation spending in logistics market growth during this forecast period.
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Market Segmentation
Global Digital Transformation Spending in Logistics Market is segmented into solutions such as Hardware, Software, and Services, by devices such as RFID Readers, Real-time location system (RTLS), Barcode Scanners, Barcode Printers, Barcode Stickers, and Global positioning system (GPS), by deployment mode such as Cloud Based, and On-Premise. Further, market is segmented into IT Equipment such as Enterprise Services, and Client Machines.
Also, Global Digital Transformation Spending in Logistics Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
The report also provides perceptive information of the market’s competitive landscape coupled with the latest trends in the manufacturing space. The report mentions few of the highly revered players that shape the market, which would include established as well as emerging companies.
Various key players are discussed in this report such as IBM, Unisys Corporation, Oracle, Sanco Software, Tech Mahindra, APL Logistics Ltd, Syntel, 3GTMS, SAP, and XPO Logistics.
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Latest release published on KBV Research News
Latest press release on:
Asia Pacific Hernia Repair Devices and Consumables Market Size to register a growth of 7.1% CAGR
According to a new report Asia-Pacific Hernia Repair Devices and Consumables Market, published by KBV research, the Asia Pacific Hernia Repair Devices and Consumables Market Size would witness market growth of 7.1% CAGR during the forecast period (2017 – 2023).
The Japan market held the largest share in the Asia Pacific Hernia Repair Devices and Consumables Market by Country in 2016 and would continue to be a dominant market till 2023, growing at a CAGR of 5.3 % during the forecast period. The India market is expected to witness a CAGR of 9.1% during (2017 – 2023).
The Consumables (Mesh) market held the largest share in the Asia Pacific Hernia Repair Devices and Consumables Market by Product in 2016 and would continue to be a dominant market till 2023. The Fixation Devices market is expected to witness a CAGR of 9.5% during (2017 – 2023).
The Inguinal Hernia market held the largest share in the Asia Pacific Hernia Repair Devices and Consumables Market by Hernia Type in 2016 and would continue to be a dominant market till 2023growing at a CAGR of 6.2 % during the forecast period.
The Absorbable Tack market held the largest share in the India Hernia Repair Devices and Consumables Market by Tack Type in 2016 and would continue to be a dominant market till 2023; thereby, achieving a market value of $29.7 million by 2023.
Full Report: https://kbvresearch.com/asia-pacific-hernia-repair-devices-and-consumables-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the countries in the region. The key impacting factors of the Asia-Pacific Hernia Repair Devices and Consumables Market have been discussed in the report with the elaborated company profiles of B Braun Melsungen, Baxter Inc., Medtronic Plc, The Cooper Companies Inc., Ethicon (Johnson & Johnson), Becton, Dickinson And Company, Cook Medical Inc., C.R. Bard, W. L. Gore & Associates, Inc., and Herniamesh S. R. L.
Asia-Pacific Hernia Repair Devices and Consumables Market Segmentation
By Product
Fixation Devices
Tack
Absorbable Tack
Non-absorbable Tack
Other Fixation Devices
Consumables (Mesh)
Synthetic Material Mesh
Absorbable Mesh
Non-absorbable Mesh
Biological Material Mesh
By Surgery Type
Open Tension-free Repair Surgery
Laparoscopic Surgery
By Hernia Type
Incisional Hernia
Umbilical Hernia
Inguinal Hernia
Femoral Hernia
Other type
By Country
China Hernia Repair Devices and Consumables Market
Japan Hernia Repair Devices and Consumables Market
India Hernia Repair Devices and Consumables Market
South Korea Hernia Repair Devices and Consumables Market
Singapore Hernia Repair Devices and Consumables Market
Malaysia Hernia Repair Devices and Consumables Market
Other APAC Country Hernia Repair Devices and Consumables Market
Companies Profiled
B Braun Melsungen
Baxter Inc.
Medtronic Plc
The Cooper Companies Inc.
Ethicon (Johnson & Johnson)
Becton, Dickinson And Company
Cook Medical Inc.
R. Bard
L. Gore & Associates, Inc.
Herniamesh S. R. L.
Unique Offerings from KBV Research
Exhaustive coverage of Asia Pacific Hernia Repair Devices and Consumables Market
Highest number of market tables and figures
Subscription based model available
Guaranteed best price
Assured post sales research support with 10% customization free
Related Reports:
Global Hernia Repair Devices and Consumables Market (2017-2023)
North America Hernia Repair Devices and Consumables Market (2017-2023)
Europe Hernia Repair Devices and Consumables Market (2017-2023)
LAMEA Hernia Repair Devices and Consumables Market (2017-2023)
#Asia Pacific Hernia Repair Devices and Consumables Market#Asia Pacific Hernia Repair Devices and Consumables Market Analysis#Asia Pacific Hernia Repair Devices and Consumables Market Growth#Asia Pacific Hernia Repair Devices and Consumables Market Report#Asia Pacific Hernia Repair Devices and Consumables Market Research#Asia Pacific Hernia Repair Devices and Consumables Market Share#Asia Pacific Hernia Repair Devices and Consumables Market Size
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The Global Hernia Repair Devices and Consumables Market to Progress at CAGR of 3.80% by 2028
Triton Market Research presents the Global Hernia Devices and Consumables Market segmented by Surgery Type (Laparoscopic Surgery, Open Tension-Free Repair Surgery), Hernia Type (Umbilical Hernia, Inguinal Hernia, Femoral Hernia, Incisional Hernia, Other Hernia), Component (Fixation Devices [Tack (Non-Absorbable Tack, Absorbable Tack), Other Fixation Devices], Consumables [Biological Material Mesh, Synthetic Material Mesh [Non-Absorbable Mesh, Absorbable Mesh]), and by Geography (Asia-Pacific, Middle East and Africa, North America, Latin America, Europe). It further discusses the Market Summary; Industry Outlook; Porter’s Five Forces Model; Impact of COVID-19; Legal, Policy, & Regulatory Framework; Market Attractiveness Index; Key Insights; Drivers; Restraints; Opportunities; Company Profiles; Research Methodology & Scope; Global Market Size; Forecasts & Analysis (2021-2028).
Triton’s report intimates that the global market for hernia devices and consumables is probable to showcase growth at a CAGR of 3.80% during the reviewed phase of 2021-2028.
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https://www.tritonmarketresearch.com/reports/hernia-repair-devices-and-consumables-market#request-free-sample
A hernia is a disease type where the inner layers of abdominal muscles turn relatively weaker, and the abdomen lining bulges out to form a small sac-like structure. Here, a hernia treatment includes surgeries performed using mesh, formed of biological or synthetic material using fixation devices.
The rise in the strategic collaborations among robotic surgical equipment manufacturers is opening several new opportunities for the market to leverage to reach its expected growth. Globally, robotic surgeries have gained significant traction over the last few years. This is primarily owing to the high accuracy, surged consistency, and low possibilities of errors. Here, robotic assistance provides enhanced outcomes, particularly in repair procedures of inguinal hernia. However, the high cost of hernia repair surgeries is among the major factors negatively impacting the studied market’s progress.
North America holds the largest market share in the hernia repair devices and consumables market, and is anticipated to continue its stronghold over the forecast period 2021-2028. In the region, the surge in the occurrence of hernia conditions, along with the enhanced healthcare facilities, are stimulating the progress of the studied market. Additionally, the supportive government measures and growing awareness relating to hernia surgeries, are another set of factors contributing to the growth of the hernia repair devices and consumables market.
The key companies engaged in the given market consist of The Cooper Companies Inc, B Braun Melsungen AG, Cook Medical Inc, CR Bard Inc, Medtronic Plc, Baxter International Inc, Herniamesh SRL, Cryolife Inc, Allergan Plc, Integra Lifesciences Corporation, Johnson and Johnson (Ethicon Inc), Zimmer Biomet Inc, Via Surgical Ltd, and WL Gore & Associates.
The low capital investment, high volume demand, low product differentiation, and incorporation of low-cost technology, enable the entry of several new players, leading to the high threat of new market players. On the other hand, the competition among the existing market players is relatively high, owing to low product differentiation. Additionally, the exit barriers are low, with new players entering the market, which significantly increases the competition among the current players in the hernia repair devices and consumables market over the estimated period.
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Phone: +44 7441 911839
#herniarepair#hernia repair market#consumablemarket#marketresearch#globalinsights#utilities#tritonmarketresearch
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Asia Pacific Hernia Repair market to be Driven by Increasing Disposable Income, says Fortune Business Insights
In a recent published report, Kenneth Research has updated the Market report for Asia Pacific Hernia Repair Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Asia Pacific Hernia Repair Market Products.
Download Sample of This Strategic Report: –https://www.kennethresearch.com/sample-request-10236334
Asia Pacific hernia repair market will grow by 6.1% over 2020-2026 with a total addressable market cap of $8.7 billion in the fast-growing region. Highlighted with 36 tables and 46 figures, this 112-page report “Asia Pacific Hernia Repair Market 2020-2026 by Product Type, Surgery Type, Hernia Type, End-user, and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Asia Pacific hernia repair market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. In this report 2019 is the base year for market analysis, with estimates and forecast covering 2020-2026. (Please Note: The report will be updated before delivery to make sure that the latest historical year is the base year and the forecast covers at least 5 years over the base year.) In-depth qualitative analyses include identification and investigation of the following aspects: • Market Structure • Growth Drivers • Restraints and Challenges • Emerging Product Trends & Market Opportunities • Porter’s Fiver Forces
According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
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The trend and outlook of Asia Pacific market is forecast in optimistic, balanced, and conservative view. The balanced (most likely) projection is used to quantify Asia Pacific hernia repair market in every aspect of the classification from perspectives of Product Type, Surgery Type, Hernia Type, End-user, and Country. Based on product type, the Asia Pacific market is segmented into the following sub-markets with annual revenue for 2019-2026 included in each section. • Fixation Devices (further segmented into Tack (split into Absorbable Tack and Non-absorbable Tack), Staple, Suture, Glue) • Consumables (Mesh) (further segmented into Biological Mesh and Synthetic Mesh (further split into Absorbable Mesh and Non-Absorbable Mesh; Flat Mesh and 3D Mesh)) Based on surgery type, the Asia Pacific market is segmented into the following sub-markets with annual revenue for 2019-2026 included in each section. • Open-Tension Free Repair • Laparoscopic Tension Free Repair • Tension Repair • Robotic-Assisted Hernia Repair Based on hernia type, the Asia Pacific market is segmented into the following sub-markets with annual revenue for 2019-2026 included in each section. • Umbilical • Incisional • Femoral • Inguinal • Paraumbilical • Epigastric • Others Based on end user, the Asia Pacific market is segmented into the following sub-markets with annual revenue for 2019-2026 included in each section. • Ambulatory Surgical Centers • Clinics • Hospitals Geographically, the following national/local markets are fully investigated: • Japan • China • South Korea • Australia • India • Rest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka) For each of the aforementioned countries, market analysis and revenue data are available for 2019-2026. The breakdown of major national markets by Product Type, Surgery Type, and End-user over the study years (2019-2026) is included. The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players. Specifically, potential risks associated with investing in Asia Pacific hernia repair market are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions. Key Players: Becton, Dickinson And Company B. Braun Melsungen AG Baxter International, Inc. C.R. Bard, Inc. Cook Medical, Inc. Cousin Biotech Duomed Group Ethicon, Inc. (Johnson & Johnson) Getinge AB Herniamesh S.r.l. Integra Lifesciences Holding Corp. LifeCell Corp. (Allergan) MAQUET Holding B.V. & Co. KG. Medline Industries, Inc. Medtronic PLC. Olympus Corp. The Cooper Companies, Inc. TransEasy Medical Tech. Co., Ltd. Via Surgical Ltd. W. L. Gore & Associates, Inc. (Please Note: The report will be updated before delivery to make sure that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
The Market report answers the following questions:
What is the aim of the report?
The market report presents the estimated market size of Asia Pacific Hernia Repair Market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
The various parameters accelerating the growth of Market are incorporated in the research report.
The report analyzes growth rate, market size and valuation of the Market during the forecast period.
What aspects regarding the regional analysis Market are included in this report?
Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
Based on what factors are the key market players assessed in this report?
The report offers detailed analysis of leading companies in the market across the globe.
It provides details of the major vendors involved in the Market including Key Playes
A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
What is the key information extracted from the report?
Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
The report offers the present scenario and future growth prospects Market in various geographical regions.
The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
The SWOT analysis is conducted along with Porter’s Five Force analysis.
The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
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Global Next-Generation Surgical Robots Market
The market size of global next-generation surgical robotics was valued at $11.3 million in 2019 and expected to grow at a CAGR of 28.6% during the forecast period 2020-2025 anticipated to reach $598.5 million in 2025.
Some of the key drivers factoring to this growth in the Global Next-Generation Surgical Robotics Market are technological breakthroughs, advantages of robotic-assisted surgery, highly increasing adoption of surgical robots by ambulatory surgery centers, and the hospitals & raising fundings for medical robot research. However, the growth of the market is constrained by high costs for the construction of robotic devices and a lack of qualified professionals.
On an unparalleled scale, the COVID-19 epidemic has upended many lives and businesses. The pandemic would have a detrimental effect on the demand for next-generation surgical robots. The pandemic has culminated in a temporary ban on elective surgeries across the world, resulting in cancellations of elective surgeries worldwide. The latest outbreak of the pandemic of coronavirus disease (COVID-19) has posed an unprecedented threat to the world's healthcare systems.
It has become important to recognize the future role of robotic-assisted surgery in the current pandemic as elective operations are halted and concerns are raised about how the remaining procedures on COVID-19 positive patients can be safely conducted. A number of robotic-assisted surgery societies have also recently provided their recommendations on this subject.
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DRIVERS
1. Increasing prevalence of chronic diseases
2. Raising elderly population
3. Rising expenditures on healthcare in developing economies
4. Increasing interest for minimally invasive surgery
5. Lower prices of next-generation surgical robotic platforms
6. robotics-based surgery in the field of surgery is at the cutting edge of precision, experiencing a dramatic transition due to the recent phenomenal developments in devices. In various applications such as urology, gynecology, orthopedic, and general surgery, robot-assisted procedures are now commonly conducted by tiny incisions and are widely performed.
7. The key factors driving the market growth are the growing prevalence of chronic diseases, the rapid increase in the geriatric population, the sophistication of surgical procedures, and the increasing preference for minimally invasive surgery (MIS) with greater precision and versatility.
8. With the introduction of technological advancements and developments in minimally invasive surgical procedures, the continuing trend of increasing demand for surgical robotic systems is expected to continue in the future.
OPPORTUNITIES
1. Production of next-generation surgical systems with low costs 2. Production of Surgical Training Simulators
robot as well as the ongoing cost of the maintenance and tools.
5. It is complex to implement. 6. Regulatory challenges - Robotic surgery affects and disrupts the healthcare system with more and more patients. The proximity of surgical robotics to humans invoked severe regulatory interference from the beginning of the industry, unlike industrial robotics, which could be seen as an insular research-and-development sector limited to product manufacturing.
GEOGRAPHICAL ANALYSIS
Based on Geography, the Irrigation Automation market is segmented into-
a. North America – US, Canada b. Europe – Germany, UK, France, Italy, Spain, Rest of Europe c. Asia Pacific (APAC) – India, Japan, China, Rest of APAC d. Rest of the World – Middle East & Africa.
Significant growth is to be witnessed by the North America segment from the year 2020 to 2025. On the basis of four major regional divisions, North America, Europe, Asia Pacific, and the Rest of the World, the global demand for surgical robots was classified. In 2019, the largest share of the global market was North America. The availability of funding for R&D in surgical robots in this area and the growing adoption of surgical robots for pediatric surgeries in Canada and general surgery procedures in the US can be due to the large percentage of the North American industry.
COMPETITIVE ANALYSIS
Key players in the global next-generation surgical robots market include:
1. Intuitive Surgical (U.S.A) - Intuitive Surgical develops surgical robots used for surgical procedures. For the surgical robotics industry, the company develops, produces and markets robotic-assisted systems and other associated instruments and accessories. A variety of procedures, including prostatectomy, hysterectomy, hernia repair, cholecystectomy, partial nephrectomy, Sacro-colpopexy, mitral valve repair, lobectomy, and colon and rectal procedures, are designed for the da Vinci system.
2. Stryker (U.S.A) – The company acquired MAKO Surgical (US), a company producing surgical robots, in December 2013. This acquisition allowed Stryker to enter the market for surgical robots. Within its Orthopaedics market division, Stryker provides surgical robots. In the US, Canada, Europe, Japan, and other countries in the Pacific and Latin American areas, the organization has a large geographical presence.
3. Mazor Robotics (U.S.A)
Other players are:
1. Smith & Nephew (UK) 2. Hansen Medical (US) 3. Medrobotics (US) 4. TransEnterix (US) 5. Medtech (France) 6. Renishaw (UK) 7. THINK Surgical (US)
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Outlook Hernia Repair Devices and Consumables Market Global Segments, Growth, Top Key Players, Size and Recent Trends by Forecast To 2023
A fresh report titled “ Hernia Repair Devices and Consumables Market” has been presented by KD market research. It evaluates the key market trends, advantages, and factors that are pushing the overall growth of the market. The report also analyzes the different segments along with major geographies that have more demand for Hernia Repair Devices and Consumables Market. The competition analysis is also a major part of the report.
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Hernia is a type of disease in which the inner layers of abdominal muscle become weak, and the lining of the abdomen bulges out into a small sac. It can affect multiple areas such as the navel (umbilical hernia), groin (inguinal hernia), or the incision site of surgery (post-surgery hernia). Watchful waiting and surgical procedures are the two measures by which hernia is treated. The surgical procedures involve two approaches, namely, open tension-free repair surgery and laparoscopy. Every year, around 20 million inguinal hernia repair surgeries are performed worldwide. In the U.S., around 0.15 million incisional hernia repair surgeries are performed yearly. These surgeries are performed using mesh, which is made up of biological or synthetic material with the help of fixation devices.
The global hernia repair devices and consumables market was valued at $4,156 million in 2016, and is projected to reach $5,554 million at a CAGR of 4.2% from 2017 to 2023. The major factors that contribute towards the growth of the hernia repair devices and consumables market include high acceptance of tension-free repair procedures, surge in demand for advanced mesh, increase in adoption of robotic surgeries, and rise in prevalence of hernia. However, high cost of hernia repair surgeries and inconsistent reimbursement policies hamper the market growth. Conversely, the development of novel products by key vendors such as biological mesh and high market potential in untapped emerging economies are expected to provide lucrative growth opportunities for the market.
The hernia repair devices and consumables market is segmented on the basis of product, surgery type, hernia type, and region. Based on product, the market is bifurcated into fixation devices and consumables. Fixation devices are further segmented into tack and other fixation devices where tack segment is sub segmented into absorbable tack and non-absorbable tack. Consumables segment comprises mesh, which is further classified into synthetic material mesh and biological material mesh. Synthetic material mesh is of two types, namely, absorbable mesh and non-absorbable mesh. On the basis of surgery type, it is categorized into open tension-free repair and laparoscopic surgeries. By hernia type, the market is fragmented into incisional hernia, umbilical hernia, inguinal hernia, femoral hernia, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
-The study provides an in-depth analysis of the global hernia repair devices and consumables market with current trends and future estimations from 2016 to 2023 to elucidate the imminent investment pockets.
-Comprehensive analysis of factors that drive and restrict the market growth is provided.
-Identification of factors instrumental in changing the market scenario, rise in opportunities, and identification of key companies that can influence this market on a global & regional scale are provided.
-Key players are profiled and their strategies are analyzed thoroughly to understand the competitive outlook of the market.
Key Market Segments
By Product
-Fixation Devices -Tack -Absorbable Tack -Non-absorbable Tack -Other Fixation Devices -Consumables -Mesh -Synthetic Material Mesh -Absorbable Mesh -Non-absorbable Mesh -Biological Material Mesh
By Surgery Type
-Open Tension-free Repair Surgery -Laparoscopic Surgery
By Hernia Type
-Incisional Hernia -Umbilical Hernia -Inguinal Hernia -Femoral Hernia -Others
By Region
-North America -U.S. -Canada -Mexico -Europe -Germany -France -UK -Italy -Spain -Rest of Europe -Asia-Pacific -China -Japan -India -Rest of Asia-Pacific -LAMEA -Brazil -Saudi Arabia -South Africa -Rest of LAMEA
LIST OF KEY PLAYERS PROFILED IN THE REPORT
-B. Braun Melsungen AG -Baxter International Inc. -C.R. Bard- -W. L. Gore & Associates, Inc. -Life Cell Corporation -Herniamesh S. R. L. -Medtronic Plc. -Ethicon, Inc. -Cook Medical Inc. -Cooper Surgicals Inc.
LIST OF OTHER PLAYERS IN THE VALUE CHAIN (These players are not profiled in the report. The same will be included on request)
-Insightra Medical Inc. -Atrium Medical Corporation -Betatech Medikal -Purple Surgical International Ltd. -Integra LifeSciences
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Table of Content
CHAPTER 1: INTRODUCTION
1.1. Report description 1.2. Key benefits for stakeholders 1.3. Key market segments
1.3.1. By Product 1.3.2. By Surgery Type 1.3.3. By Hernia Type 1.3.4. By Region 1.3.5. List of key players profiled in the report
1.4. Research methodology
1.4.1. Secondary research 1.4.2. Primary research 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study 2.2. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope 3.2. Key findings
3.2.1. Top investment pockets 3.2.2. Top winning strategies
3.2.2.1. Top winning strategies, by year, 2014-2017* 3.2.2.2. Top winning strategies, by development, 2014-2017* (%) 3.2.2.3. Top winning strategies, by company, 2014-2017*
3.3. Government regulations
3.3.1. Hernia repair devices regulation in the U.S. and Europe 3.3.2. Reimbursement scenario
3.4. Porters five forces analysis
3.4.1. Bargaining power of buyers (moderately high) 3.4.2. Bargaining power of suppliers (low) 3.4.3. Threat of new entrants (high) 3.4.4. Threat of substitutes (low) 3.4.5. Competitive rivalry (intense)
3.5. Clinical trials 3.6. Patent analysis
3.6.1. Patent analysis, by geography (2011-2017) 3.6.2. Patent analysis, by year 3.6.3. Year 2014 patent analysis, by country
3.7. Top player positioning 3.8. Market dynamics
3.8.1. Drivers
3.8.1.1. Higher acceptance of tension-free repair procedures 3.8.1.2. Increase in demand for advanced meshes 3.8.1.3. Rise in adoption of robotic surgeries 3.8.1.4. High prevalence of hernia
3.8.2. Restraints
3.8.2.1. High cost of hernia repair surgeries 3.8.2.2. Inconsistent reimbursement policies
3.8.3. Opportunities
3.8.3.1. Technological advancements in hernia repair devices 3.8.3.2. Opportunities in emerging economies
3.8.4. Impact analyses
CHAPTER 4: HERNIA REPAIR DEVICES AND CONSUMABLES MARKET, BY PRODUCT
4.1. Overview
4.1.1. Market size and forecast
4.2. Fixation devices
4.2.1. Key market trends 4.2.2. Key growth factors and opportunities 4.2.3. Market size and forecast, by type
4.2.3.1. Tack (mesh fixation devices)
4.2.3.1.1. Market size and forecast, by type
4.2.3.1.1.1. Absorbable tack 4.2.3.1.1.2. Market size and forecast, by region 4.2.3.1.1.3. Non-absorbable tack 4.2.3.1.1.4. Market size and forecast, by region
4.2.3.1.2. Market size and forecast, by region
4.2.3.2. Other fixation devices
4.2.3.2.1. Market size and forecast, by region
4.2.4. Market size and forecast, by region 4.2.5. Market size and forecast, by country
4.3. Consumables
4.3.1. Key market trends 4.3.2. Key growth factors and opportunities 4.3.3. Mesh
4.3.3.1. Market size and forecast, by type
4.3.3.1.1. Synthetic material
4.3.3.1.1.1. Market size and forecast, by type 4.3.3.1.1.2. Absorbable mesh 4.3.3.1.1.3. Market size and forecast, by region 4.3.3.1.1.4. Non-absorbable mesh 4.3.3.1.1.5. Market size and forecast, by region 4.3.3.1.1.6. Market size and forecast, by region
4.3.3.1.2. Biological material
4.3.3.1.2.1. Market size and forecast, by region
4.3.4. Market size and forecast, by region 4.3.5. Market size and forecast, by country
CHAPTER 5: HERNIA REPAIR DEVICES AND CONSUMABLES MARKET, BY SURGERY TYPE
5.1. Overview
5.1.1. Market size and forecast (value) 5.1.2. Market size and forecast (volume)
5.2. Open tension-free repair surgery
5.2.1. Market size and forecast, by region (value) 5.2.2. Market size and forecast, by country (value) 5.2.3. Market size and forecast, by region (volume) 5.2.4. Market size and forecast, by country (volume)
5.3. Laparoscopic surgery
5.3.1. Market size and forecast, by region (value) 5.3.2. Market size and forecast, by country (value) 5.3.3. Market size and forecast, by region (volume) 5.3.4. Market size and forecast, by country (volume)
CHAPTER 6: HERNIA REPAIR DEVICES AND CONSUMABLES MARKET, BY HERNIA TYPE
6.1. Overview
6.1.1. Market size and forecast
6.2. Incisional hernia
6.2.1. Market size and forecast, by region 6.2.2. Market size and forecast, by country
6.3. Umbilical hernia
6.3.1. Market size and forecast, by region 6.3.2. Market size and forecast, by country
6.4. Inguinal hernia
6.4.1. Market size and forecast, by region 6.4.2. Market size and forecast, by country
6.5. Femoral hernia
6.5.1. Market size and forecast, by region 6.5.2. Market size and forecast, by country
6.6. Other hernia
6.6.1. Market size and forecast, by region 6.6.2. Market size and forecast, by country
CHAPTER 7: HERNIA REPAIR DEVICES AND CONSUMABLES MARKET, BY REGION
7.1. Overview
7.1.1. Market size and forecast
7.2. North America
7.2.1. Key market trends 7.2.2. Key growth factors and opportunities 7.2.3. North America hernia repair devices and consumables market, by country
7.2.3.1. U.S.
7.2.3.1.1. Market size and forecast, by product 7.2.3.1.2. Market size and forecast, by surgery type 7.2.3.1.3. Market size and forecast, by hernia type
7.2.3.2. Canada
7.2.3.2.1. Market size and forecast, by product 7.2.3.2.2. Market size and forecast, by surgery type 7.2.3.2.3. Market size and forecast, by hernia type
7.2.3.3. Mexico
7.2.3.3.1. Market size and forecast, by product 7.2.3.3.2. Market size and forecast, by surgery type 7.2.3.3.3. Market size and forecast, by hernia type
7.2.4. North America market size and forecast, by product 7.2.5. North America market size and forecast, by surgery type 7.2.6. North America market size and forecast, by hernia type
7.3. Europe
7.3.1. Key market trends 7.3.2. Key growth factors and opportunities 7.3.3. Europe market size and forecast, by country
7.3.3.1. Germany
7.3.3.1.1. Market size and forecast, by product 7.3.3.1.2. Market size and forecast, by surgery type 7.3.3.1.3. Market size and forecast, by hernia type
7.3.3.2. France
7.3.3.2.1. Market size and forecast, by product 7.3.3.2.2. Market size and forecast, by surgery type 7.3.3.2.3. Market size and forecast, by hernia type
7.3.3.3. UK
7.3.3.3.1. Market size and forecast, by product 7.3.3.3.2. Market size and forecast, by surgery type 7.3.3.3.3. Market size and forecast, by hernia type
7.3.3.4. Italy
7.3.3.4.1. Market size and forecast, by product 7.3.3.4.2. Market size and forecast, by surgery type 7.3.3.4.3. Market size and forecast, by hernia type
7.3.3.5. Spain
7.3.3.5.1. Market size and forecast, by product 7.3.3.5.2. Market size and forecast, by surgery type 7.3.3.5.3. Market size and forecast, by hernia type
7.3.3.6. Rest of Europe
7.3.3.6.1. Market size and forecast, by product 7.3.3.6.2. Market size and forecast, by surgery type 7.3.3.6.3. Market size and forecast, by hernia type
7.3.4. Europe market size and forecast, by product 7.3.5. Europe market size and forecast, by surgery type 7.3.6. Europe market size and forecast, by hernia type
7.4. Asia-Pacific
7.4.1. Key market trends 7.4.2. Key growth factors and opportunities 7.4.3. Asia-Pacific market size and forecast, by country
7.4.3.1. Japan
7.4.3.1.1. Market size and forecast, by product 7.4.3.1.2. Market size and forecast, by surgery type 7.4.3.1.3. Market size and forecast, by hernia type
7.4.3.2. China
7.4.3.2.1. Market size and forecast, by product 7.4.3.2.2. Market size and forecast, by surgery type 7.4.3.2.3. Market size and forecast, by hernia type
7.4.3.3. India
7.4.3.3.1. Market size and forecast, by product 7.4.3.3.2. Market size and forecast, by surgery type 7.4.3.3.3. Market size and forecast, by hernia type
7.4.3.4. Rest of Asia-Pacific
7.4.3.4.1. Market size and forecast, by product 7.4.3.4.2. Market size and forecast, by surgery type 7.4.3.4.3. Market size and forecast, by hernia type
7.4.4. Asia-Pacific market size and forecast, by product 7.4.5. Asia-Pacific market size and forecast, by surgery type 7.4.6. Asia-Pacific market size and forecast, by hernia type
7.5. LAMEA
7.5.1. Key market trends 7.5.2. Key growth factors and opportunities 7.5.3. LAMEA market size and forecast, by country
7.5.3.1. Brazil
7.5.3.1.1. Market size and forecast, by product 7.5.3.1.2. Market size and forecast, by surgery type 7.5.3.1.3. Market size and forecast, by hernia type
7.5.3.2. South Africa
7.5.3.2.1. Market size and forecast, by product 7.5.3.2.2. Market size and forecast, by surgery type 7.5.3.2.3. Market size and forecast, by hernia type
7.5.3.3. Saudi Arabia
7.5.3.3.1. Market size and forecast, by product 7.5.3.3.2. Market size and forecast, by surgery type 7.5.3.3.3. Market size and forecast, by hernia type
7.5.3.4. Rest of LAMEA
7.5.3.4.1. Market size and forecast, by product 7.5.3.4.2. Market size and forecast, by surgery type 7.5.3.4.3. Market size and forecast, by hernia type
7.5.4. LAMEA market size and forecast, by product 7.5.5. LAMEA market size and forecast, by surgery type 7.5.6. LAMEA market size and forecast, by hernia type
CHAPTER 8: COMPANY PROFILES
8.1. Allergan Plc. (LifeCell Corporation)
8.1.1. Company overview 8.1.2. Company snapshot 8.1.3. Operating business segments 8.1.4. Business performance 8.1.5. Key strategic moves and developments
8.2. B. Braun Melsungen AG
8.2.1. Company overview 8.2.2. Company snapshot 8.2.3. Operating business segments 8.2.4. Business performance
8.3. Baxter International Inc.
8.3.1. Company overview 8.3.2. Company snapshot 8.3.3. Operating business segments 8.3.4. Business performance
8.4. C.R. Bard, Inc.
8.4.1. Company overview 8.4.2. Company snapshot 8.4.3. Operating business segments 8.4.4. Business performance
8.5. Cook Medical, Inc.
8.5.1. Company overview 8.5.2. Company snapshot 8.5.3. Operating business segments 8.5.4. Key strategic moves and developments
8.6. Herniamesh S.r.l.
8.6.1. Company overview 8.6.2. Company snapshot 8.6.3. Operating business segments
8.7. Johnson & Johnson (Ethicon Inc.)
8.7.1. Company overview 8.7.2. Company snapshot 8.7.3. Operating business segments 8.7.4. Business performance
8.8. Medtronic Plc.
8.8.1. Company overview 8.8.2. Company snapshot 8.8.3. Operating business segments 8.8.4. Business performance 8.8.5. Key strategic moves and developments
8.9. The Cooper Companies, Inc. (CooperSurgical, Inc.)
8.9.1. Company overview 8.9.2. Company snapshot 8.9.3. Operating business segments 8.9.4. Business performance
8.10. W. L. Gore & Associates, Inc.
8.10.1. Company overview 8.10.2. Company snapshot 8.10.3. Operating business segments 8.10.4. Key strategic moves and developments
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#Hernia Repair Devices and Consumables Market SIZE#Hernia Repair Devices and Consumables Market trends#Hernia Repair Devices and Consumables Market share#Hernia Repair Devices and Consumables Market news#Hernia Repair Devices and Consumables Market Analysis#Hernia Repair Devices and Consumables Market Forecast
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Global Soft Tissue Repair Market
Global Soft Tissue Repair Market Size, Share, Growth, Industry Trends and Forecast 2020-2030
Global soft tissue repair market accounted 18537.0 USD million in 2020 and is expected to reach 31965.3 USD million by 2030 growing with a CAGR of 5.6% during the forecast period.Damage of muscle, ligaments, tendons which cause pain and inflammation these injuries are known as soft tissue injuries. Soft tissue repair is the process of replacement of the damaged soft tissue with a new one. For instance, the process is performed using surgical operation due to which chances of success are very less. Hence it is necessary to find the method in which minimally invasive and uses rapid healing products. Research and development in the market are also providing advanced devices. This technique is mostly used for sports-related injuries. These sports injuries are not just faced by the players but also faced by kids while playing sports. According to the United States Centre for Disease Control, high school athletes suffer from 2 million injuries every year and 3.5 million kids below age 14 receives medical treatment for a sports injury. Therefore growing injuries in sports, accidents will fuel the growth of the market.
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Market Dynamics and Factors:
Major driving factors of this market include the rise in an obese population. Increasing unhealthy lifestyles in the urbanized region lead to obesity. In addition to this, participation in outdoor sport is increasing coupled with an increase in health awareness results in more participation towards outdoor sports. The soft tissue repair method is very useful to heal the injuries caused during the sport. The growing healthcare sector in emerging countries and growing awareness about the benefits of tissue replacement will further boost the soft tissue repair market in upcoming years. However, the process involves surgical operation which reduces the chances of success chances. Hence, research and development is working on it in order to gain technological advancement, which is expected to create more opportunities in future.
Market Segmentation :
Global Soft Tissue Repair Market – By Type
Tissue Mesh
Laparoscopic Instrument
Fixation Device
Global Soft Tissue Repair Market – By Application
Breast Reconstruction
Dental Repair
Dural Repair
Head & Neck Products
Hernia Repair
Orthopedic Repair
Pelvic and Viginal Prolapse
Skin Repair
Global Soft Tissue Repair Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
North America has already dominated the soft tissue repair market in 2017 and expected to continue its supremacy during the forecast period, owing to well-established healthcare sector. Growing awareness in citizens regarding the benefits of tissue repairing. Coupled with, Growing popularity of the sport in all age groups all these factors will support the growth of the soft tissue repair market in North America. Asia Pacific is also expected to witness rapid growth with the rising healthcare sector, growing unhealthy lifestyle in urban areas leads to obesity. Growing population and growing participation in sport all these factors will cater to the growth of the soft tissue repair market India. Europe already has well established healthcare sector and the market in Europe is growing with significant rate and expected to continue its growth in upcoming years.
Competitive Scenario:
Key players in the soft tissue repair market are Allergan Plc. (LifeCell Corporation), Athersys Inc., CryoLife Inc., Medtronic Plc., Organogenesis Inc., Integra Lifesciences Corporation, Stryker Corporation, Zimmer Biomet Holdings, Inc., Smith Nephew plc., and Becton.
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The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Soft Tissue Repair industry, although key threats, opportunities and disruptive technologies that could shape the Global Soft Tissue Repair Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Soft Tissue Repair Market most.
The data analysis present in the Global Soft Tissue Repair Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Soft Tissue Repair Market business.
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Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
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Hernia Mesh Repair Devices Market Key Players - B. Braun Melsungen AG, W. L. Gore & Associates, Inc., Lifecell, Getinge AB, Cook
Global Hernia Mesh Repair Devices Market By Product (Mesh, Mesh Fixators), Surgery Type (Inguinal Hernia, Incisional/Ventral Hernia, Umbilical Hernia, Femoral Hernia, Hiatal Hernia, Parastomal Hernia, Others), End Users (Ambulatory Surgical Centers, Clinics, Hospitals), Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa) – Industry Trends and Forecast to 2026 Global Hernia Mesh Repair Devices Market is registering a steady CAGR in the forecast period of 2019-2026. This rise in the market value can be attributed to the increasing hernia prevalence and technological advancement.
Few of the major market competitors currently working in the global hernia mesh repair devices market are Medtronic, Medical Devices Business Services, Inc., B. Braun Melsungen AG, W. L. Gore & Associates, Inc., Lifecell, Getinge AB, Cook, Integra Software Services Pvt. Ltd., Dipromed Srl, COUSIN BIOTECH, TransEasy Tech, Via Surgical, United Surgical Industries, Dolphin Sutures, Baxter, Sutures India, Hi-Tech Equipments Company, Kollsut USA, Motley Rice, BG Medical LLC, Lotus Surgicals among others.
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Key Developments in the Market:
In July 2017, W. L. Gore & Associates, Inc. has received the allowance for Gore SYNECOR Preperitoneal Biomaterial hernia repair device from the U.S. FDA. This allowance will help the company to expand and also offer all types of treatments for hernia cases.
Competitive Analysis:
Global hernia mesh repair devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of hernia mesh repair devices market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Hernia is a medical problem that escalates an organ or fatty tissue through a weak place where it is usually confined. Hernia repair is a hernia treatment surgery which is one of the most frequently performed surgical procedures in the world. The two common techniques of hernia repair are laparoscopic hernia repair surgery and open tension-free repair surgery. These surgeries are conducted using fixing equipment and surgery is based on consumables (mesh).
Market Drivers
Government initiatives, increasing government funding and improvised healthcare facilities, drives the market growth
Awareness among the people about hernia, is the factor of the growth of this market
Growing geriatric population, significant growth in the hernia cases, and increasing acceptance of robotic surgeries, fosters the market growth
Innovation and advancement of some fresh type of medications with improved efficiency, is driving the market growth
Market Restraints
High cost of mesh repair, is expected to affect the market growth
Inefficient skilled personnel, will act as a market restraint
The development of non-mesh repair approaches, are restraining the growth of this market
Long waiting times, hinders the growth of the market
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Segmentation: Global Hernia Mesh Repair Devices Market
By Product
Synthetic Mesh
Biologic Mesh
Sutures
Tack Applicators
Glue Applicators
By Surgery Type
Inguinal Hernia
Incisional/Ventral Hernia
Umbilical Hernia
Femoral Hernia
Hiatal Hernia
Parastomal Hernia
Others
End Users
Ambulatory Surgical Centers
Clinics
Hospitals
By Geography
U.S.
Canada
Mexico
Brazil
Rest of South America
Germany
France
United Kingdom
Italy
Spain
Russia
Turkey
Belgium
Netherlands
Switzerland
Rest of Europe
Japan
China
South Korea
India
Australia
Singapore
Malaysia
Indonesia
Thailand
Philippines
Rest of Asia-Pacific
South Africa
Rest of Middle East & Africa
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Current and future of global hernia mesh repair devices market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
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All segmentation provided above in this report is represented at country level
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According to the report analysis, ‘Global Surgical Staplers Market (2017 - 2022)’ states that in the global surgical staplers market there are several key players which are recently functioning more significantly for leading the highest market growth and registering the handsome value of market share around the globe in coming years while developing the technologies, effectively satisfying the consumer needs, observing the age-related diseases and decrease the healthcare expenditure includes Johnson & Johnson, B Braun, 3M, Dextera Surgical, Intuitive Surgical, Smith & Nephew, CONMED, Medtronic, Purple surgical, Grena Ltd., and several others.
Increasing predilection for the staples over the sutures has been one of the general growth restorative for the market. Along the huge technological advancements, numerous market players are commercializing the staplers utilized for the endoscopic surgeries. Such devices find the benefits around the several branches of medicine, namely thoracic, gynaecology, and gastrointestinal-related to the surgeries as well as tissue and wound management processes. The requirement for the surgical stapling devices is poised to augment due to increase in bariatric processes and acceptance of developed technologies of function endoscopic processes. Moreover, the establishment of the powered surgical devices and soaring requirement for the tissue and wound maintenance is likely to further fuel the market.
Furthermore, along the growing technological advancements, numerous market players are commercializing staplers are widely utilized for the endoscopic surgeries. Such devices find the specification around the several branches of medicine, namely gynaecology, gastrointestinal-related surgeries, tissue and wound management processes and thoracic.
In addition, the global increase in the laparoscopic surgeries, specifically bariatric surgeries, has led to the superior implementation of the surgical staplers. These staplers result in quicker, more truthful and precise surgical wound closure, resulting in its advanced implementation. The global surgical staplers market is expected to reach USD 5.24 Bn by 2022, enlarging at a compound annual growth rate (CAGR) of 8.1% during the review period of 2017-2022.
Based on the application, the revenue share from abdominal surgeries effectively utilizing the surgical staplers was the maximum (30.32%), across the globe, in 2017. Surgical staplers are frequently utilized in abdominal surgeries like hysterectomy (open and laparoscopic), hernia repair, and bariatric surgeries, due to the effective growth in obesity and caesarean section births. Close on its heels, the universal surgeries sector (25.57%), is anticipated to bring in huge revenue owing to the augmented adoption of advanced medical technologies across the world. Cardiac and orthopedic surgeries also controlled a substantial market share in 2017.
Additionally, the North America region is the principal market for surgical staplers. An augment in the healthcare disbursement and several types of surgeries such as bariatric, an effective augment in the geriatric population, and age-related diseases are fueling the implementation of surgical staplers in North America. Europe attained a market share of 37.5% in 2017 owing to theaspects same to the North America. The Asia-Pacific market is anticipated to enlarge at the highest CAGR of 9.6% during the review period of 2017-2022, due to the effective growth in the number of surgeries in the region. Therefore, in the coming years, it is predicted that the surgical staplers will increase around the globe over the review period.
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Global Surgical Staplers Market
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U.S. Surgical Staplers Market (2018-2023)
Global Surgical Staplers Market Analysis 2013-2018 and Forecast 2019-2024
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Endoscopy Devices Market is Likely to be Worth US$14.8bn by 2024-End
Transparency Market Research (TMR) notes that the global endoscopy devices market is categorized by the presence of several large and small players operating in it. The rivalry between the players is likely to increase as they aim at offering technologically advanced products through their widespread distribution channels.
Among the multiple strategies adopted by the players in the global endoscopy devices market to stay ahead of competition, product innovation has paid off the most. The global endoscopy devices market is expected to grow steadily due to the existence of large players who are investing in innovative branding ideas. Some of the leading players in the global endoscopy devices market are Ethicon Endo-Surgery, Boston Scientific, Olympus, and Stryker.
The TMR report projects the global endoscopy devices market to register a promising CAGR of 7.6% from 2016 to 2024. By the end of 2024, the market will be worth US$14.8bn, predicts the report.
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Out of the various types of endoscopy devices, the demand for endoscopy visualization systems is expected to remain high in the next few years as they provide high definition insight observation of the organs. Region wise, Asia Pacific is expected to lead the global endoscopy devices market in the coming years. This is attributed to flourishing healthcare industry in the region.
Increasing Incidence of Laparoscopy Surgeries Stoke Demand in Global Endoscopy Devices Market
Endoscopy devices help in detecting diseases and can reduce post-surgery complications. These devices are lighted medical devices which are extensively used in executing therapeutic interventions inside the visceral organs of the body. Rising incidence of cancer, rapid changes in demographics and lifestyles, and burgeoning population are factors driving the global endoscopy devices market. Endoscopy is mostly carried out to examine ulcers, digestive tract bleeding, abdominal pain, and abnormal growth of the colons. Growing aged population suffering from various diseases such as gastro-oesophageal reflux disorder, gastrointestinal problem, and ophthalmic diseases, and increasing demand for minimal post-surgery scars are boosting the global endoscopy devices market.
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Endoscopy devices are widely used in surgeries such as laparoscopy, arthroscopy, cystoscopy, mediastinoscopy, and bronchoscopy. The incorporation of endoscopy devices into such surgeries helps in directly observing the insight of the organs. These devices provide high definition two dimensional and three dimensional images. Furthermore, rising laparoscopic surgeries such as appendectomy, cholecystectomy, and hernia repairs, and rapid technological advancement in diagnosis, visualization, and surgical endoscopic treatment are fuelling the global endoscopy devices market. Along with this, increasing demand for endoscopic technologies for surgeries, rising awareness about advantages of endoscopy devices among medical professionals and patients, and growing demand for minimization of staying times in hospitals are propelling the global endoscopy devices market.
High Cost of Endoscopy Devices Hinder Global Endoscopy Devices Market Growth
Rising preference of other medical devices over the endoscopy devices, is one of the main challenges the global endoscopy devices market needs to overcome. Apart from this, highly expensive endoscopic treatments and costly endoscopy devices are also negatively impacting the market. Nevertheless, launch of less costly endoscopy devices will help underpin growth momentum in the next couple of years.
The study presented here is based on a report by Transparency market research, titled “Endoscopy Devices Market – (Device – Endoscope Devices, Endoscopic Operative Devices, and Visualization Systems); Application – Urology/Gynecology Surgeries, ENT Surgeries, Neuro/Spinal Surgeries, Laparoscopy Surgeries) – Asia Pacific Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024”.
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Hernia Repair Market by Technology & End-User - 2022 | Market Research Future
The market for hernia repair is growing steadily and expected to continue its growth similarly in near future. Hernia can be caused due to anything that causes an increase in pressure in the abdomen. Hernia is a protrusion of an organ through a weak spot in the surrounding connective tissue called as a fascia.
Some of the major factors in the advancements in the hernia repair such as transition into tension-free technique that incorporates the use of flat sheets of mesh instead of sutures, adoption of large pore meshes, and the adoption of laparoscopic surgeries instead of conventional open technique. Laparoscopic surgery being the minimally invasive surgery has several advantages over conventional open tension-free surgery.
There are various hernia devices and consumables used worldwide. Companies like Medtronic has hernia repair products range which includes Spacemaker Pro Access & Dissector System, Versatex Monofilament Mesh, ReliaTack Articulating Reloadable Fixation Device, Symbotex Composite Mesh, ProGrip Laparoscopic Self-Fixating Mesh, AccuMesh Positioning System, Parietex Composite Ventral Patch, AbsorbaTack (ABSTACK30X) Fixation Device, and others.
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Key Players
Some of the key players in this market are: ABISS, A.M.I. GmbH, Angiologica B.M., Aspide Medical, Atrium Medical Corporation, B. Braun Melsungen AG, Baxter Internationals, C. R. Bard, Inc. (Davol Inc), COOK MEDICAL INC., Cousin Biotech, Covidien (Medtronic), Ethicon, Integra LifeSciences Corporation, and others.
Competitive Analysis
A.M.I. GmbH (Austria), Angiologica B.M. (Italy), Aspide Medical (France), Atrium Medical Corporation (Germnay), B. Braun Melsungen AG (Germany), Baxter Internationals (U.S.), C. R. Bard, Inc. (Davol Inc) (U.S.), COOK MEDICAL INC. (U.S.), Cousin Biotech (France), Covidien (Medtronic) (Republic of Ireland), Ethicon (U.S.), Integra Life Sciences Corporation (U.S), and ABISS (France) are some of the prominent players at the forefront of competition in the Global Hernia Repair Market and are profiled in MRFR Analysis.
October, 2015 - Cook Medical demonstrated Zenapro, hernia repair technology which is a next-generation hybrid that combines outer layers of extracellular matrix with a polypropylene mesh. This technology is already cleared by regulatory agencies (FDA) and available in the U.S. and Europe market, the Zenapro Hybrid Hernia Repair Device integrates a layer of strong, open-weave polypropylene mesh within several layers of small intestinal sub- mucosa extracellular matrix (ECM) biomaterial.
March, 2014 - Covidien had launched its Symbotex composite mesh in the U.S. market for surgical laparoscopic and open ventral hernia repair. This hernia repair product featured a macro porous monofilament, hydrophilic textile in a three-dimensional construction that allowed reinforced strength, memory shape and significant tissue ingrowth and this product includes a bio absorbable collagen film on the visceral side which minimises tissue attachments.
Regional Analysis
Depending on geographic region, hernia repair market is segmented into four key regions: Americas, Europe, Asia-Pacific, and Middle East & Africa. Considering the global scenario of the market, Americas region is believed to be the largest market for hernia repair. North America is the leading market in the America region due to increasing hernia patient population, increasing adoption of minimal invasive surgeries. Moreover, minimally invasive means the degree of invasiveness of the procedure is minimum, thus, is also referred as key whole surgery. At the University of Chicago Medicine, over 70% of major lung resection surgeries are performed using minimally invasive techniques. Furthermore, the European market is also growing continuously and slowly catching up with the American market in the near future. On the other hand, Asia-Pacific market is expected to grow at the fastest pace in the hernia repair segment during the forecasted period. Middle East & Africa region are likely to have a limited but steady growth in the market.
Table Of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restrains
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
TOC Continued….!
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Hernia Repair Market Size Estimation by Top Manufacturer, Latest Trends and Global industry Forecast 2018 to 2022
The report for Medical Supplies Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance.
Hernia is a protrusion of an organ through a weak spot in the surrounding connective tissue called as a fascia. There are several types of hernia among which the most common are inguinal, incisional, and femoral. Hernia can be caused due to anything that causes an increase in pressure in the abdomen. There are some major factors in the advancements in the hernia repair such as transition into tension-free technique that incorporates the use of flat sheets of mesh instead of sutures, adoption of large pore meshes, and the adoption of laparoscopic surgeries instead of conventional open technique. Globally, the market is growing steadily and it is anticipated to show an exponential growth reaching approximately $8.5 Billion in 2022.
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Key Players for Global Hernia Repair Market
Some of the key players in this market are: ABISS, A.M.I. GmbH, Angiologica B.M., Aspide Medical, Atrium Medical Corporation, B. Braun Melsungen AG, Baxter Internationals, C. R. Bard, Inc. (Davol Inc), COOK MEDICAL INC., Cousin Biotech, Covidien (Medtronic), Ethicon, Integra LifeSciences Corporation, and others.
Global Hernia Repair Market - Competitive Analysis
A.M.I. GmbH (Austria), Angiologica B.M. (Italy), Aspide Medical (France), Atrium Medical Corporation (Germnay), B. Braun Melsungen AG (Germany), Baxter Internationals (U.S.), C. R. Bard, Inc. (Davol Inc) (U.S.), COOK MEDICAL INC. (U.S.), Cousin Biotech (France), Covidien (Medtronic) (Republic of Ireland), Ethicon (U.S.), Integra Life Sciences Corporation (U.S), and ABISS (France) are some of the prominent players at the forefront of competition in the Global Hernia Repair Market and are profiled in MRFR Analysis.
October, 2015 - Cook Medical demonstrated Zenapro, hernia repair technology which is a next-generation hybrid that combines outer layers of extracellular matrix with a polypropylene mesh. This technology is already cleared by regulatory agencies (FDA) and available in the U.S. and Europe market, the Zenapro Hybrid Hernia Repair Device integrates a layer of strong, open-weave polypropylene mesh within several layers of small intestinal sub- mucosa extracellular matrix (ECM) biomaterial.
March, 2014 - Covidien had launched its Symbotex composite mesh in the U.S. market for surgical laparoscopic and open ventral hernia repair. This hernia repair product featured a macro porous monofilament, hydrophilic textile in a three-dimensional construction that allowed reinforced strength, memory shape and significant tissue ingrowth and this product includes a bio absorbable collagen film on the visceral side which minimises tissue attachments.
Segments for Global Hernia Repair Market
Hernia Repair market has been segmented on the basis of hernia type which comprises inguinal hernia, femoral hernia, umbilical hernia, incisional hernia, epigastric hernia, hiatal hernia. On the basis of product, the market is segmented into devices, consumables, others. Consumables are further divided into synthetic material and biological material. On the basis of surgery type, market is segmented into open hernia surgery, laparoscopy.
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Regional Analysis for Global Hernia Repair Market
Considering the global scenario of the market, America is believed to be the largest market for Hernia Repair. Moreover the European market is also growing continuously and slowly catching up with the American market. On the other hand, Asia-Pacific market is expected to grow at the fastest pace in the Hernia Repair segment during the forecasted period. Middle East & Africa region are likely to have a limited but steady growth in the market.
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Global Hernia Repair Devices Market: Demand, Global Industry Growth Analysis, Application, Trends and Forecast 2017-2024
Global Hernia Repair Devices Market By Latest Trends, Share, Size, Application, Growth, Key Vendors, Growth Rate, Volume, Methodology, Segmentation, Market Drivers and Restraint, Regional Analysis covers 28 countries across multiple geographies.
Global Hernia Repair Devices Market research report Coves the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry, by Market share, size, analysis, growth factors, growth drivers, and the current and future trends.
Hernia is a restorative condition where an organ or greasy tissue swells out through a frail spot where they are regularly contained. Hernia repair is a careful task for the treatment of a hernia, and is a standout amongst the most normally performed surgeries around the world. Roughly three million hernia techniques are performed around the world, among them around 1.2 million hernia repair systems are performed alone in the U.S. consistently. Laparoscopic hernia repair medical procedure and open pressure free repair medical procedure are the two well-known techniques for hernia repair. These medical procedures are performed with the assistance of obsession devices and consumables (work)- based medical procedure.
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Segmentation:
Global Hernia Repair Devices Market is segmented based on
· Product type
· End-user
· Geography
This research report scopes includes the following geographical segments
· North America
· Asia Pacific
· Europe
· Middle East and Africa
· South America
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Top Key Players:
Top Players Operating In Market Are
· B. Braun Melsungen AG
· Baxter International Inc.
· C.R. Bard
· W. L. Gore & Associates, Inc.
· LifeCell Corporation
· Herniamesh S. R. L.
· Medtronic Plc.
· Ethicon, Inc.
· Cook Medical Inc.
· Cooper Surgicals Inc.
· Insightra Medical Inc.
· Atrium Medical Corporation
· Betatech Medikal
· Purple Surgical International Ltd.
· Integra LifeSciences.
This reports includes the following deliverable
· Macro Indicator Analysis
· Market Overview
· Market Dynamics
· Drivers, Restraints, Opportunities and Challenges
· Market sizing and growth analysis
· Market forecasting to 2024
· Market Competitive Landscape
· Product Launches and Pipeline Analysis
· Value Chain Analysis
· Market Mergers, Acquisitions and Agreements
· Company Profiles
This report scope includes a holistic study of the current dynamics of the market, industry growth and restraints of the market. It provides the market forecast to 2024, recent developments in the market and pipeline analysis of the major players. The report also includes a review of micro and macro forecasts, new entrant strategies, and market penetration strategies with a comprehensive value chain analysis.
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#Medical Devices#Hernia Repair Devices Market Size#Hernia Repair Devices Market Research#Hernia Repair Devices Market Overview#Hernia Repair Devices Market#Hernia Repair Devices#General Surgery
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Latest release published on KBV Research News
Latest press release on:
Hernia Repair Devices and Consumables Market Size to reach $6 billion by 2023
According to a new report Global Hernia Repair Devices and Consumables Market, published by KBV research, the Global Hernia Repair Devices and Consumables Market size is expected to reach $6 billion by 2023, rising at a market growth of 5.1% CAGR during the forecast period.
The Consumables (Mesh) market held the largest share in the Global Hernia Repair Devices and Consumables Market by Product in 2016 and would continue to be a dominant market till 2023. The Fixation Devices market is expected to witness a CAGR of 7.3% during (2017 – 2023).
The Laparoscopic Surgery market held the largest share in the Global Hernia Repair Devices and Consumables Market by Surgery Type in 2016 and would continue to be a dominant market till 2023, growing at a CAGR of 6.6 % during the forecast period.
The Incisional Hernia market held the largest share in the Global Hernia Repair Devices and Consumables Market by Hernia Type in 2016 and would continue to be a dominant market till 2023, growing at a CAGR of 4.8 % during the forecast period. The other type market is expected to witness highest CAGR of 7.6% during (2017 – 2023).
The North America market dominated the Global Hernia Repair Devices and Consumables Market by Region in 2016, and would continue to be a dominant market till 2023. The Asia Pacific market is expected to witness a CAGR of 7.1% during (2017 – 2023).
Full Report: https://kbvresearch.com/hernia-repair-devices-and-consumables-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the Global Hernia Repair Devices and Consumables Market have been discussed in the report with the elaborated company profiles are B Braun Melsungen, Baxter Inc., Medtronic Plc, The Cooper Companies Inc., Ethicon (Johnson & Johnson), Becton, Dickinson And Company, Cook Medical Inc., C.R. Bard, W. L. Gore & Associates, Inc., and Herniamesh S. R. L.
Global Hernia Repair Devices and Consumables Market Segmentation
By Product
Fixation Devices
Tack
Absorbable Tack
Non-absorbable Tack
Other Fixation Devices
Consumables (Mesh)
Synthetic Material Mesh
Absorbable Mesh
Non-absorbable Mesh
Biological Material Mesh
By Surgery Type
Open Tension-free Repair Surgery
Laparoscopic Surgery
By Hernia Type
Incisional Hernia
Umbilical Hernia
Inguinal Hernia
Femoral Hernia
Other type
By Geography
North America Hernia Repair Devices and Consumables Market
US Hernia Repair Devices and Consumables Market
Canada Hernia Repair Devices and Consumables Market
Mexico Hernia Repair Devices and Consumables Market
Other NA Country Hernia Repair Devices and Consumables Market
Europe Hernia Repair Devices and Consumables Market
Germany Hernia Repair Devices and Consumables Market
UK Hernia Repair Devices and Consumables Market
France Hernia Repair Devices and Consumables Market
Russia Hernia Repair Devices and Consumables Market
Spain Hernia Repair Devices and Consumables Market
Italy Hernia Repair Devices and Consumables Market
Other EU Country Hernia Repair Devices and Consumables Market
Asia Pacific Hernia Repair Devices and Consumables Market
China Hernia Repair Devices and Consumables Market
Japan Hernia Repair Devices and Consumables Market
India Hernia Repair Devices and Consumables Market
South Korea Hernia Repair Devices and Consumables Market
Singapore Hernia Repair Devices and Consumables Market
Malaysia Hernia Repair Devices and Consumables Market
Other APAC Country Hernia Repair Devices and Consumables Market
Latin America, Middle East and Africa (LAMEA) Hernia Repair Devices and Consumables Market
Brazil Hernia Repair Devices and Consumables Market
Argentina Hernia Repair Devices and Consumables Market
UAE Hernia Repair Devices and Consumables Market
Saudi Arabia Hernia Repair Devices and Consumables Market
South Africa Hernia Repair Devices and Consumables Market
Nigeria Hernia Repair Devices and Consumables Market
Other LAMEA Country Hernia Repair Devices and Consumables Market
Companies Profiled
B Braun Melsungen
Baxter Inc.
Medtronic Plc
The Cooper Companies Inc.
Ethicon (Johnson & Johnson)
Becton, Dickinson And Company
Cook Medical Inc.
R. Bard
L. Gore & Associates, Inc.
Herniamesh S. R. L.
Unique Offerings from KBV Research
Exhaustive coverage of Global Hernia Repair Devices and Consumables Market
Highest number of market tables and figures
Subscription based model available
Guaranteed best price
Assured post sales research support with 10% customization free
Related Reports:
North America Hernia Repair Devices and Consumables Market (2017-2023)
Europe Hernia Repair Devices and Consumables Market (2017-2023)
Asia Pacific Hernia Repair Devices and Consumables Market (2017-2023)
LAMEA Hernia Repair Devices and Consumables Market (2017-2023)
#Global Hernia Repair Devices and Consumables Market#Global Hernia Repair Devices and Consumables Market Size#Hernia Repair Devices and Consumables Market#Hernia Repair Devices and Consumables Market Analysis#Hernia Repair Devices and Consumables Market Growth#Hernia Repair Devices and Consumables Market Report#Hernia Repair Devices and Consumables Market Research#Hernia Repair Devices and Consumables Market Share#Hernia Repair Devices and Consumables Market Size
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Hernia Prostheses Market Demand, Price, size and share 2024
Hernia is one of the most common conditions affecting a large population across the world. It has been constantly seeking attention of surgeons, health care providers, and manufacturers of the repair devices for hernia. Increasing incidence rates of hernia has led to establishment of various organizations and societies for the better understanding of the condition and regulating the repair procedures. Hernia is characterized by a protrusion of organs through a weakened section of the abdominal wall. There are various types of hernia depending upon the site affected. The most common types of hernia are inguinal hernia (inner groin), umbilical hernia (belly button), hiatal hernia, and incisional hernia occurring due to an incision. Hernia prostheses is referred as repairing of the hernia, usually with the help of a surgical procedure and use of meshes. The meshes used for hernia prostheses are of different types depending upon the composition, material used, and other physical properties such as tensile strength, weight, stiffness, elasticity, and other parameters.
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The global hernia prostheses market has been segmented based on type of hernia, material, type of mesh, and end-user. In terms of type of hernia, the market has been segmented into inguinal hernia, femoral hernia, umbilical hernia, hiatal hernia, and incisional hernia. The inguinal hernia segment dominated the global hernia prostheses market in 2015 driven by increasing incidence rates of inguinal hernias because of changing lifestyles especially in the developed countries. Based on material, the market has been categorized into polyester, polypropylene, and polytetrafluoroethylene (PTFE). In terms of type of mesh, the market has been segmented into synthetic and biological. The synthetic mesh segment dominated the global hernia prostheses market in 2015 led by increasing demand for synthetic meshes, technological advances in the meshes, and new products introduced in the market. However, reports of surgical complications during the use of synthetic meshes along with mesh rejection resulting into reoccurrence of the condition are expected to restrain the synthetic mesh segment during the forecast period. Increasing adoption of biological mesh along with reduced complications and mesh rejections are likely to drive the segment during the forecast period. Based on end-user, the market has been categorized into hospitals, specialty clinics, ambulatory surgery centers, and others. The hospitals segment is expected to dominate the global hernia prostheses market during the forecast period owing to increasing adoption of new techniques, provision of better health care facilities, and ease of access to hospitals. However, increasing cases of emergency treatments related to hernia, especially in the western regions, is expected to drive the ambulatory surgery centers segment during the forecast period.
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In terms of region, the global hernia prostheses market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global hernia prostheses market in 2015 owing to increasing incidence of inguinal hernia, high demand for meshes, better reimbursements for hernia prostheses, and availability of advanced health care facilities in the region. According to the National Center for Biotechnology Information (NCBI) statistics, inguinal hernia affected an estimated 15 persons per 1000 in the U.S. in 2014, while the global incidence is estimated to be around 27% men, and 3% women. The market in Asia Pacific is expected to register a higher CAGR during the forecast period driven by high incidence of inguinal and umbilical hernia in countries such as China and India, and increasing geriatric population, changing lifestyles, and rising penetration of the major market players in the region.
Major players in the global hernia prostheses market include Covidien plc, C. R. Bard, Ethicon, Inc., Cook Medical, Inc., Stryker Corporation, B. Braun Melsungen AG, Life Cell Corporation, and W.L. Gore & Associates.
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Endoscopy Devices Market to Register a Promising CAGR of 7.6% From 2016 to 2024
Transparency Market Research (TMR) notes that the global endoscopy devices market is categorized by the presence of several large and small players operating in it. The rivalry between the players is likely to increase as they aim at offering technologically advanced products through their widespread distribution channels.
Among the multiple strategies adopted by the players in the global endoscopy devices market to stay ahead of competition, product innovation has paid off the most. The global endoscopy devices market is expected to grow steadily due to the existence of large players who are investing in innovative branding ideas. Some of the leading players in the global endoscopy devices market are Ethicon Endo-Surgery, Boston Scientific, Olympus, and Stryker.
The TMR report projects the global endoscopy devices market to register a promising CAGR of 7.6% from 2016 to 2024. By the end of 2024, the market will be worth US$14.8bn, predicts the report.
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Out of the various types of endoscopy devices, the demand for endoscopy visualization systems is expected to remain high in the next few years as they provide high definition insight observation of the organs. Region wise, Asia Pacific is expected to lead the global endoscopy devices market in the coming years. This is attributed to flourishing healthcare industry in the region.
Increasing Incidence of Laparoscopy Surgeries Stoke Demand in Global Endoscopy Devices Market
Endoscopy devices help in detecting diseases and can reduce post-surgery complications. These devices are lighted medical devices which are extensively used in executing therapeutic interventions inside the visceral organs of the body. Rising incidence of cancer, rapid changes in demographics and lifestyles, and burgeoning population are factors driving the global endoscopy devices market. Endoscopy is mostly carried out to examine ulcers, digestive tract bleeding, abdominal pain, and abnormal growth of the colons. Growing aged population suffering from various diseases such as gastro-oesophageal reflux disorder, gastrointestinal problem, and ophthalmic diseases, and increasing demand for minimal post-surgery scars are boosting the global endoscopy devices market.
Endoscopy devices are widely used in surgeries such as laparoscopy, arthroscopy, cystoscopy, mediastinoscopy, and bronchoscopy. The incorporation of endoscopy devices into such surgeries helps in directly observing the insight of the organs. These devices provide high definition two dimensional and three dimensional images. Furthermore, rising laparoscopic surgeries such as appendectomy, cholecystectomy, and hernia repairs, and rapid technological advancement in diagnosis, visualization, and surgical endoscopic treatment are fuelling the global endoscopy devices market. Along with this, increasing demand for endoscopic technologies for surgeries, rising awareness about advantages of endoscopy devices among medical professionals and patients, and growing demand for minimization of staying times in hospitals are propelling the global endoscopy devices market.
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High Cost of Endoscopy Devices Hinder Global Endoscopy Devices Market Growth
Rising preference of other medical devices over the endoscopy devices, is one of the main challenges the global endoscopy devices market needs to overcome. Apart from this, highly expensive endoscopic treatments and costly endoscopy devices are also negatively impacting the market. Nevertheless, launch of less costly endoscopy devices will help underpin growth momentum in the next couple of years.
The study presented here is based on a report by Transparency market research, titled “Endoscopy Devices Market – (Device – Endoscope Devices, Endoscopic Operative Devices, and Visualization Systems); Application – Urology/Gynecology Surgeries, ENT Surgeries, Neuro/Spinal Surgeries, Laparoscopy Surgeries) – Asia Pacific Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024”.
About us:
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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