Report ID: SQMIG35D2180
Report ID:
SQMIG35D2180 |
Region:
Global |
Published Date: October, 2024
Pages:
157
|
Tables:
59 |
Figures:
75
North America is dominating with the largest hernia repair devices market share. The high demand of hernia repair devices in North America is due to sedentary lifestyles, rising geriatric population and high recurrence of hernia. In addition, the increasing healthcare expenditure and quick FDA approvals are supporting the growth of the market in the region. Citing data through the National Center for Biotechnology Information, the U.S. had the highest overall counts of ventral and incisional hernia in the month of March 2023. Globally, 20% of adults suffer from ventral hernias, and incisional hernias occurs in nearly 30% of midline abdominal incisions.
Asia Pacific is expected to experience the highest rate of growth during the projection period. Factors such as the rising medical tourism, low-cost treatment, technological advancements, and increasing healthcare reimbursements are expected to propel the market during the forecast period. The growing demand for hernia repair devices in the region is driven by the high per capita healthcare spending in Japan and large number of patent populations in China. Since the region will have many undiagnosed and untreated cases, which is expected to boost the growth of the market in the region, the region will continue to grow at a healthy rate.
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Report ID: SQMIG35D2180