- The key vendors in the hernia repair devices market in the US 2015-2019 are Covidien plc, C. R. Bard Inc., Ethicon Inc. (Johnson & Johnson), MAQUET Holding BV & Co. KG, and W. L. Gore & Associates Inc.
London, 5 June 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the hernia repair devices market in the US 2015-2019. The increased use of tension-free repair procedures is a key trend that is observed in this market. Lichtenstein hernioplasty is the most common tension-free hernia repair procedure and its advantages include minimal postoperative problems, reduced risk of hernia recurrences, short hospital stays, faster healing time, and a short recovery time. The market for hernia repair devices in the US is expected to grow at a CAGR of 7.08% during the forecast period of 2014-2019.
The market for hernia repair devices in the US is expected to increase during the forecast period as a result of the increasing number of elderly people, high prevalence of obesity, and growing number of hernia cases in the US region., The hernia repair devices offer minimally invasive and effective treatment for individuals suffering from hernia. These devices include surgical meshes that cause less pain and minimize the recurrence of hernias after the first repair procedure.
“A rise in the use of tension-free hernia repair procedures has increased the demand for advanced meshes in the market. Biologic mesh can restore natural connections among muscles and tissues in the abdomen, minimizing the risk of infection and lowering failure rates,” says Faisal Ghaus, Vice President of Technavio Research.
“Three-dimensional meshes can be applied with ease and can function both as a plug and as a patch at the hernia site. These factors compel leading vendors to develop innovative products to meet demand.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
