The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s hernia repair devices and consumables market report forecasts the hernia repair devices and consumables market size to grow to $6.75 Billion by 2027, with a CAGR (compound annual growth rate) of more than 6%.

Learn More On The Hernia Repair Devices And Consumables Market Report 2023 – https://www.thebusinessresearchcompany.com/report/hernia-repair-devices-and-consumables-global-market-report

Hernia Repair Devices And Consumables Market Size Forecast
The global hernia repair devices and consumables market is expected to grow from $4.95 billion in 2022 to $5.25 billion in 2023 at a compound annual growth rate (CAGR) of 6.15%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global hernia repair devices and consumables market size is expected to grow to $6.75 billion in 2027 at a CAGR of 6.45%.

North America held the largest hernia repair devices and consumables market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Hernia Repair Devices And Consumables Market Driver ­– Increase In Number Of Hernia Cases Across The World
According to a publication published by PLOS Biology, a US-based publisher of peer-reviewed scientific papers, inguinal hernia affects roughly 220 million people worldwide in April 2022, and hernias cause 40,000 fatalities. Approximately 20 million hernia repair surgeries are performed each year. As a result, the growing number of hernia cases worldwide is propelling the hernia repair equipment and consumables market.

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Key Hernia Repair Devices And Consumables Market Trend – Product Innovations
To maintain their market position, major industry players are launching revolutionary goods such as GORE SYNECOR intraperitoneal biomaterial. W.L. Gore & Associates, a hernia device manufacturing business based in the United States, for example, launched GORE® SYNECOR triperitoneal biomaterial in February 2021 that may be used for sophisticated hernia repair operations such as laparoscopic, robotic, and open surgical procedures. The novel solution allows hernia repair with quick vascularity and long-term strength. The GORE-SYNECOR intraperitoneal biomaterial’s three distinct layers are precisely designed to enhance rapid vascularity while employing the least amount of permanent material. The visceral surface, the mid-layer, and the parietal surface are the three.

Hernia Repair Devices And Consumables Market Segment
1) By Product: Fixation Devices, Consumables
2) By Surgery Type: Open Tension-Free Repair Surgery, Laparoscopic Surgery
3) By Hernia Type: Umbilical Hernia, Incisional Hernia, Inguinal Hernia, Femoral Hernia, Other Hernia Types

Hernia Repair Devices And Consumables Market Major Players and Strategies
Major players in the hernia repair devices and consumables market are Allergan PLC, B. Braun Melsungen AG, Baxter International Inc., Becton, Dickinson and Company (C.R. Bard, Inc.), Cook Medical Inc., Herniamesh S.r.l., Johnson & Johnson (Ethicon Inc.), Medtronic Plc., W. L. Gore & Associates Inc., Via Surgical Ltd., Zimmer Biomet Inc., LifeCell Corporation, Atrium Medical Corporation, Integra Life Sciences Corporation, Cousin Biotech and Cryolife Inc.

Tepha Inc. was acquired for an unknown sum by BD (Becton, Dickinson, and business), a US-based medical technology business, in July 2021. The acquisition would add Tepha’s resorbable polymer technology base to BD’s portfolio, allowing it to improve its surgical mesh range. Tepha is a US-based developer and manufacturer of surgical meshes and hernia repair consumables based on unique resorbable polymer technology.

The Hernia Repair Devices And Consumables Global Market Report 2023 covers regional data on hernia repair devices and consumables market size, hernia repair devices and consumables market trends and drivers, opportunities, strategies, and hernia repair devices and consumables market competitor analysis. The countries covered in the hernia repair devices and consumables market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Hernia repair devices are used to treat hernias by supporting the weak projecting tissue and repositioning the tissue. These devices are used to provide additional support to fragile or wounded tissue.

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