Inguinal Hernia Market to grow at CAGR of 10.8% during the forecast period 2019-2023 | Size, Share, Growth, Market Overview: Type and Applications, Trends, Industry Analysis and Segmentation

 Inguinal Hernia Market to grow at CAGR of 10.8% during the forecast period 2019-2023 | Size, Share, Growth, Market Overview: Type and Applications, Trends, Industry Analysis and Segmentation

“Inguinal Hernia Market”
The Inguinal Hernia Market research report, compiled by Market Research Future, offers a comprehensive study on the current industry trends. The report also offers a detailed abstract of the statistics, market valuation, and revenue forecast, which in addition underlines the status of the competitive spectrum and expansion strategies adopted by major industry players.

Market Insights

The inguinal hernia surgery is the most common disorder that affects aged men, and it often requires to be treated with corrective surgery. The surgery involved for the treatment includes pushing back bulging tissue and supporting the weak abdominal wall with stitches or mesh if needed. The global inguinal hernia market is likely to attain CAGR of 10.8% during the forecast period, 2017-2023, according to Market Research Future.

The inguinal hernia market is predicted to show a lucrative growth due to rising patient pool for hernia repair and increased adoption of laparoscopic techniques around the globe. The rise in the number of hernia repair surgeries is also anticipated to speed up market progress. With surging demand for hernia surgeries, there is also a huge requirement for devices that drive the growth of the global market.

However, the expensive cost of hernia repair devices might hamper the growth of the global market.

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Market Segmentation

Theglobal inguinal hernia market is bifurcated based on diagnosis, type, hernia mesh, and treatment.

Based on the types, the global market for inguinal hernia is fragmented into an indirect and direct hernia.

The market is broadly segmented based on diagnoses such as imaging tests and physical examination. The imaging tests segment is further diversified into magnetic resonance imaging (MRI), CT scan, and abdominal ultrasound.

The treatment segment is divided into laparoscopy, hernia repair, and others.

The global inguinal hernia market is also bifurcated on the basis of mesh types such as biologic mesh and synthetic mesh

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Regional Insights

The global inguinal hernia market is led by the Americas owing to the growing prevalence of inguinal hernia in the U.S. and growing count of surgeries specifically for groin hernia repair. According to data published by PLOS, groin hernia repair is majorly done in both children and adults with inguinal hernias, and this makes up to 95% of the groin hernia repairs.

Positioned at second position Europe is estimated to grow drastically in the inguinal hernia market due to a huge demand for hernia treatment and increasing occurrences of hernia. The UK market is anticipated to lead the European inguinal hernia market.

As per the New England Journal of Medicine, over 90,000 surgical intervention specifically for inguinal hernia, were performed in Europe.

Moreover, the Asia Pacific market is expected to witness rapid growth due to the high demand for laparoscopic procedures for inguinal hernia. China is likely to hold a major share in the regional market during the forecast period.

The Middle East & Africa is predicted to show a moderate growth trend due to the widespread application of hernia mesh devices for surgeries in the region. Iran is anticipated to be the leading market, followed by Saudi Arabia. However, on the other side high cost of hernia repair has hampered the market in Africa.

Major Players

Industry giants are majorly emphasizing on improving the surgical and treatment procedures are Medtronic, B Braun Melsungen AG, Atrium, W.L. Gore & Associates Inc., Acelity, Ethicon, Inc., and C.R. Bard, Inc.

Industry Updates

A research released in the Journal of the American College of Surgeons states that he recurrence of groin hernia posts its repair surgery can be decreased with the deployment of nanoscale fibrinogen. Presently used meshes for hernia treatment recurrences are linked with high chronic pain rates in the patients. However, these patches help in limiting the pain, but the cost restricts its usage.

TABLE OF CONTENT:

Chapter 1. Report Prologue

Chapter 2. Market Introduction

Chapter 3. Research Methodology

Chapter 4. Market Dynamics

Chapter 5. Market Factor Analysis

Chapter 6. Inguinal Hernia Market, By Type

Chapter 7. Inguinal Hernia Market, By Diagnosis

Chapter 8. Inguinal Hernia Market, By Treatment

Chapter 9. Inguinal Hernia Market, By End-User

Chapter 10. Inguinal Hernia Market, By Region

Chapter 11. Company Landscape

Chapter 12 Company Profiles

Chapter 13 MRFR Conclusion

Chapter 14 Appendix

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