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Hernia Repair Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 Product Image

Hernia Repair Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

  • ID: 2705653
  • November 2013
  • Region: Global
  • 90 Pages
  • Transparency Market Research

FEATURED COMPANIES

  • BBraun Melsungen AG
  • C R Bard, Inc
  • Cook Medical, Inc
  • Covidien Plc
  • Ethicon, Inc
  • Life Cell Corporation
  • MORE

'Hernia Repair Devices Market (Polymer and Prosthetic Mesh, Biologic Materials, Surgical Instruments and Endoscopy Equipments) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019'

Hernia occurs as result of protrusion of tissue through an abnormal opening and is most commonly associated with the geriatric population. The condition is one of the major health concerns worldwide.

This study analyzes two major segments of the hernia repair devices namely, products and equipments and procedures. Hernia repair products and equipments are segmented as biologic materials, polymer and prosthetic mesh, surgical instruments and endoscopy equipment. The market for procedures includes tension repair, open-tension repair, laproscopic tension-free repair and other tension-free methods. The report also explains various technological advancements taking place in the segment.

The report includes market estimations of the global hernia repair devices market in terms of value (USD million) for the period 2013 – 2019, considering 2012 as the base year. In addition, current market trends and recent developments are taken into consideration while determining READ MORE >

FEATURED COMPANIES

  • BBraun Melsungen AG
  • C R Bard, Inc
  • Cook Medical, Inc
  • Covidien Plc
  • Ethicon, Inc
  • Life Cell Corporation
  • MORE

Chapter 1 Preface
1.1 Report Description
1.2 Market Segmentation
1.3 Research Methodology
1.3.1 Sources
1.3.1.1 Secondary Research
1.3.1.2 Primary Research
1.3.2 Assumptions

Chapter 2 Executive Summary
2.1 Global Hernia Repair Devices Market, by Segments, 2012 (USD Million)

Chapter 3 Market Overview
3.1.1 Market potential of hernia repair devices
3.1.2 Future scenario of hernia repair devices market
3.2 Market Drivers
3.2.1 Consistent rise in obesity epidemic
3.2.2 Demand for advanced biologic meshes
3.2.3 Consistent rise in geriatric population
3.2.4 Increased adoption of tension-free hernia repair procedures
3.2.5 Impact Analysis of Market Drivers
3.3 Market Restraints
3.3.1 High cost of development of hernia repair devices and inconsistent reimbursement policies
3.3.2 Impact Analysis of Market Restraints
3.4 Opportunities
3.4.1 Focus on countries with increased composite mesh adoption
3.4.2 Strategic tie-ups with robotic surgery equipment manufacturers
3.5 Porter’s Five Forces Analysis: Global Hernia Repair Devices Market
3.5.1 Bargaining power of suppliers
3.5.2 Bargaining power of buyers
3.5.3 Threat of substitutes
3.5.4 Threat from new entrants
3.5.5 Competitive Rivalry
3.6 Market Attractiveness Analysis for the Global Hernia Repair Devices Market, by Geography
3.7 Market Share by Key Players of Global Hernia Repair Devices Market, 2012
3.7.1 Global Hernia Repair Devices Market Share, by Key Players, 2012 (%)

Chapter 4 Hernia Repair Devices Market, by Products and Equipments
4.1 Overview
4.1.1 Global Hernia Repair Devices Market, by Products and Equipments, 2011 – 2019 (USD Million)
4.2 Biologic Materials
4.2.1 Global Biologic Materials Market, 2011 – 2019 (USD Million)
4.3 Polymer and Prosthetic Mesh
4.3.1 Global Polymer and Prosthetic Mesh Market, 2011 – 2019 (USD Million)
4.4 Surgical Instruments
4.4.1 Global Surgical Instruments Market, 2011 – 2019 (USD Million)
4.5 Endoscopy Equipment
4.5.1 Global Endoscopy Equipment Market, 2011 – 2019 (USD Million)

Chapter 5 Hernia Repair Devices Market, by Procedures
5.1 Overview
5.1.1 Global Hernia Repair Devices Market, by Procedures, 2011 – 2019 (USD Million)
5.2 Tension Repair
5.2.1 Global Tension Repair Market, 2011 – 2019 (USD Million)
5.3 Open-Tension Free Repair
5.3.1 Global Open-Tension Free Repair Market, 2011 – 2019 (USD Million)

Chapter 6 Hernia Repair Devices Market, by Geography
6.1 Overview
6.1.1 Global Hernia Repair Devices Market, by Geography, 2011 – 2019 (USD Million)
6.2 Comparative Analysis: Hernia Repair Devices Market, by Geography, 2012 & 2019 (Value %)
6.3 North America
6.3.1 North America Hernia Repair Devices Market, by Segments, 2011 – 2019 (USD Million)
6.4 Europe
6.4.1 Europe Hernia Repair Devices Market, by Segments, 2011 – 2019 (USD Million)
6.5 Asia-Pacific
6.5.1 Asia-Pacific Hernia Repair Devices Market, by Segments, 2011 – 2019 (USD Million)
6.6 Rest of the World (RoW)
6.6.1 RoW Hernia Repair Devices Market, by Segments, 2011 – 2019 (USD Million)

Chapter 7 Recommendations
7.1 Focus on emerging technologies such as minimally invasive procedures
7.2 Investing in emerging markets

Chapter 8 Company Profiles
8.1 B.Braun Melsungen AG
8.1.1 Company Overview
8.1.2 Financial Overview
8.1.3 Product Portfolio
8.1.4 Business Strategies
8.1.5 Recent Developments
8.2 Cook Medical, Inc.
8.2.1 Company Overview
8.2.2 Financial Overview
8.2.3 Product Portfolio
8.2.4 Business Strategies
8.2.5 Recent Developments
8.3 Covidien Plc
8.3.1 Company Overview
8.3.2 Financial Overview
8.3.3 Product Portfolio
8.3.4 Business Strategies
8.3.5 Recent Developments
8.4 C. R. Bard, Inc.
8.4.1 Company Overview
8.4.2 Financial Overview
8.4.3 Product Portfolio
8.4.4 Business Strategies
8.4.5 Recent Development
8.5 Ethicon, Inc.
8.5.1 Company Overview
8.5.2 Financial Overview
8.5.3 Product Portfolio
8.5.4 Business Strategies
8.5.5 Recent Developments
8.6 Life Cell Corporation
8.6.1 Company Overview
8.6.2 Financial Overview
8.6.3 Product portfolio
8.6.4 Business Strategies
8.6.5 Recent Developments
8.7 Olympus Corporation
8.7.1 Company Overview
8.7.2 Financial Overview
8.7.3 Product Portfolio
8.7.4 Business Strategies
8.7.5 Recent Developments
8.8 W.L.Gore & Associates
8.8.1 Company Overview
8.8.2 Financial Overview
8.8.3 Product Portfolio
8.8.4 Business Strategies
8.8.5 Recent Developments
8.8.6 Business Strategies
8.8.7 Recent Developments

List of Figures

FIG. 1 Hernia Repair Devices: Market Segmentation
FIG. 2 Global Hernia Repair Devices Market, by Segments, 2012 (USD Million)
FIG. 3 Global Rate of Aging Population
FIG. 4 Porter’s Five Forces Analysis: Global Hernia Repair Devices Market
FIG. 5 Market Attractiveness Analysis: Global Hernia Repair Devices Market, by Geography
FIG. 6 Hernia Repair Devices: Market Share, by Key Players, 2012 (%)
FIG. 7 Global Biologic Materials Market, 2011 – 2019 (USD Million)
FIG. 8 Global Polymer and Prosthetic Mesh Market, 2011 – 2019 (USD Million)
FIG. 9 Global Surgical Instruments Market, 2011 – 2019 (USD Million)
FIG. 10 Global Endoscopy Equipment Market, 2011 – 2019 (USD Million)
FIG. 11 Global Tension Repair Market, 2011 – 2019 (USD Million)
FIG. 12 Global Open-Tension Free Repair Market, 2011 – 2019 (USD Million)
FIG. 13 Comparative Analysis: Hernia Repair Devices Market, by Geography, 2012 & 2019 (Value %)
FIG. 14 B. Braun Melsungen AG, Net Sales: 2010 - 2012 (USD Million) (Conversion Rate 1 Euro = 1.35 USD)
FIG. 15 Covidien Plc, Annual Revenues: 2010 – 2012 (USD million)
FIG. 16 C.R.Bard, Inc., Annual Revenues: 2010 – 2012 (USD million)
FIG. 17 Olympus Corporation, Annual Revenues: 2010 - 2012 (USD Million) (Conversion Rate: JPY 1 = USD 0.01)

List of Tables

TABLE 1 Market Snapshot: Global Hernia Repair Devices Market (2012 & 2019)
TABLE 2 Impact Analysis of Market Drivers
TABLE 3 Impact Analysis of Market Restraints
TABLE 4 Global Hernia Repair Devices Market, by Products and Equipments, 2011 – 2019 (USD Million)
TABLE 5 Global Hernia Repair Devices Market, by Procedures, 2011 – 2019 (USD Million)
TABLE 6 Global Hernia Repair Devices Market, by Geography, 2011 – 2019 (USD Million)
TABLE 7 North America Hernia Repair Devices Market, by Segments, 2011 – 2019 (USD Million)
TABLE 8 Europe Hernia Repair Devices Market, by Segments, 2011 – 2019 (USD Million)
TABLE 9 Asia-Pacific Hernia Repair Devices Market, by Segments, 2011 – 2019 (USD Million)
TABLE 10 RoW Hernia Repair Devices Market, by Segments, 2011 – 2019 (USD Million)

FEATURED COMPANIES

  • BBraun Melsungen AG
  • C R Bard, Inc
  • Cook Medical, Inc
  • Covidien Plc
  • Ethicon, Inc
  • Life Cell Corporation
  • MORE

Hernia results in chronic pain and is one of the most common conditions affecting large number of populations. Hernia is a condition often characterized by protrusions of organs mainly intestines via a weakened section of abdominal wall. If the condition is left untreated then it results in widening of the split in the muscles thereby increasing the number of organs and tissues being pushed through the openings or weakened muscles along with the formation of a sac like structure.The weakening of abdominal wall can be by birth or can be acquired later during the lifetime of a person. Hernia is further categorized into inguinal, femoral, umbilical, hiatal and others based on the anatomical location of the hernia. Hernia can be diagnosed with the help of physical examination and clinical laboratory tests; physical examination involves thorough scrutiny of the physical area of the bulge or lump and the clinical tests such as blood tests, urinalysis and imaging platforms especially in the case of cardiac patients.

Escalation in hernia prevalence is contributed by factors such as rise in geriatric population, high obesity epidemic and rapidly changing lifestyle habits. It is predicted that the population aged above 55 is more susceptible to develop hernia owing to the natural weakening of the muscles and high risk of acquiring health disorders. The global hernia repair devices market was valued at USD 3,578.2 million in the year 2012 and is expected to record a growth rate of 7.5% during the forecast period from 2013 to 2019, to reach an estimated value of USD 5,936.4 million by 2019.

The hernia repair devices market can be analyzed by the type of product and equipment employed in hernia repair and the type of hernia repair procedure adopted. The various products and equipment used extensively in hernia repair are polymer and prosthetic and biologic mesh systems, which aid in reconstruction of operated abdominal wall muscles. The synthetic mesh systems are widely adopted in complex hernia repair procedures and are composed of chemicals such as polyester and expanded polytetrafluoroethylene (ePTFE) and provide fast recovery along with negligible post-operative pain. However, chances of recurrence of hernia and rejection of the mesh thereby causing infections in the operated regions are high. On the other hand biologic mesh systems are more advantageous over prosthetic mesh as they render less chance of rejection and infection. With the increased preference for technologically advanced biologic and composite mesh systems, the need and demand for highly effective hernia repair devices also increased. Continuous evolution of endoscopic equipment employed in hernia repair procedures ensures high reliability and accuracy. Thus, continuous product modifications and technological advancements in developing efficient hernia repair devices will propel acceptance of the same.

With increasing preference for minimally invasive hernia repair procedures, there has been increased rate of adoption of tension free hernia repair procedures over the traditional incisional repair procedures. The rationale behind the increased adoption of tension free hernia repair procedures is that it provides fast recovery with negligible post-operative pains compared to the conventional means. Laparoscopic tension free and tension free mesh technique are the two most popular hernia repair procedures amongst others. Currently, robotics assisted surgeries are witnessing increased acceptance majorly due to high consistency, accuracy and less prone to human errors. Owing to this development, the strategic tie-ups of the medical device manufacturers with the developers of robotics surgical equipment provides a plethora of business opportunities in the field of medical devices.

Geographically, North America accounts for the largest percentage share of the global hernia repair devices market accounting for around 41.3% of the total market. This is justified by the presence of technologically updated infrastructure and well trained healthcare professionals in this region compared to other regions. In addition, consistent rise in awareness levels in patient population has further augmented growth and development of hernia repair devices market in this region. The region also provides well-defined reimbursements policies which further encourages adoption of hi-tech hernia repair products and procedures. Asia-Pacific region is anticipated to record high growth rate owing to increased participation of the respective governments in improving the overall healthcare sector and huge untapped potential in these regions. In addition, rise in disposable incomes and increased preference of the population to avail technologically advanced medical solutions further support growth of hernia repair devices market. Rest of the World (RoW) is also expected to exhibit considerable growth rate majorly due to increasing acceptance towards novel approaches and consistent improvements in healthcare facilities in Latin American markets of Brazil, Argentina and Mexico.

The overall hernia repair devices market is highly fragmented with the presence of both established and emerging companies which include Covidien Plc, C.R.Bard, Ethicon, Inc., Cook Medical, Inc. and Stryker Corporation. The factors which contribute in the growth of the overall hernia repair procedures are continuous product modifications followed by technological advances and increased preference for minimally invasive procedures. However, high cost of the products and procedures along with dicey reimbursement policies may limit the growth prospects for the development of hernia repair devices market.

- BBraun Melsungen AG
- C R Bard, Inc
- Cook Medical, Inc
- Covidien Plc
- Ethicon, Inc
- Life Cell Corporation
- Olympus Corporation
- WLGore & Associates

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