Hernia Repair Devices Market will Exhibit Positive Impact during 2020-2024 due to Increasing Prevalence of Hernia | Technavio

Technavio has been monitoring the hernia repair devices market, operating under the healthcare sector. The latest report on the hernia repair devices market, 2020-2024 estimates it to register an incremental growth of $ 1.46 bn, at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Hernia Repair Devices Market 2020-2024 (Graphic: Business Wire)

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage on the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. AbbVie Inc., B. Braun Melsungen AG, Becton, Dickinson and Co., Cook Group Inc., Cousin-Biotech, Herniamesh srl, Johnson & Johnson, Medtronic Plc, pfm medical ag, and W. L. Gore & Associates Inc. are among some of the major market participants.

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Increasing prevalence of hernia has been instrumental in driving the growth of the market. However, complications and risks associated with hernia repair devices might hamper the market growth.

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Hernia Repair Devices Market 2020-2024: Segmentation

Hernia Repair Devices Market is segmented as below:

• Product
  • Hernia Repair Mesh Products
  • Hernia Repair Fixation Devices
• Geography
  • North America
  • Europe
  • APAC
  • ROW
• Procedure
  • Open Hernia Repair Procedure
  • MI Hernia Repair Procedures
• End-user
  • Hospitals
  • ASCs

Based on geographic segmentation, over 36% of the market’s growth originated from North America during the forecast period. In addition, hernia repair mesh products led the growth under the product segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the hernia repair devices market size.

Hernia Repair Devices Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The hernia repair devices market report covers the following areas:

• Hernia Repair Devices Market Size
• Hernia Repair Devices Market Trends
• Hernia Repair Devices Market Industry Analysis

This study identifies adoption of lightweight mesh products as one of the prime reasons driving the Hernia Repair Devices Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Hernia Repair Devices Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist hernia repair devices market growth during the next five years
• Estimation of the hernia repair devices market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the hernia repair devices market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of hernia repair devices market, vendors

Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Product

• Market segments
• Comparison by Product
• Hernia repair mesh products - Market size and forecast 2019-2024
• Hernia repair fixation devices - Market size and forecast 2019-2024
• Market opportunity by Product

Market Segmentation by Procedure

• Open hernia repair procedures
• MI hernia repair procedures

Market Segmentation by End-Users

• Hospitals
• ASCs

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• ROW - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• AbbVie Inc.
• B. Braun Melsungen AG
• Cook Group Inc.
• Cousin-Biotech
• Herniamesh srl
• Johnson & Johnson
• Medtronic Plc
• pfm medical ag
• W. L. Gore & Associates Inc.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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View source version on businesswire.com: https://www.businesswire.com/news/home/20201026005766/en/