Report ID: SQMIG35D2180
Report ID:
SQMIG35D2180 |
Region:
Global |
Published Date: October, 2024
Pages:
157
|
Tables:
59 |
Figures:
75
Global Hernia Repair Devices Market size was valued at around USD 3.7 billion in 2022 and is expected to rise from USD 3.8 billion in 2023 to reach a value of USD 5.1 billion by 2031, at a CAGR of 3.9% over the forecast period (2024–2031).
The hernia repair market encompasses a wide range of medical devices, surgical techniques, and treatment options aimed at repairing and alleviating the symptoms associated with hernias. These include inguinal hernias (groin), umbilical hernias (belly button), hiatal hernias (upper stomach), and incisional hernias (resulting from previous surgical incisions). Several factors contribute to the growth of the global hernia repair market. Firstly, the rising prevalence of hernia cases across all age groups, particularly in the elderly population, is driving the demand for effective treatment options. Factors such as obesity, poor nutrition, smoking, and physical exertion can increase the risk of developing a hernia. Additionally, advancements in surgical techniques and the development of innovative medical devices have significantly improved the success rates of hernia repair surgeries. Minimally invasive procedures, such as laparoscopic and robotic-assisted surgeries, offer reduced recovery times, fewer complications, and improved patient outcomes. These advancements have spurred the adoption of hernia repair procedures globally. In conclusion, the global market is witnessing significant growth due to the increasing prevalence of hernia cases, advancements in surgical techniques, and the availability of innovative medical devices. With ongoing research and development efforts, the market is likely to experience further expansion, providing improved treatment options and outcomes for hernia patients worldwide.
US Hernia Repair Devices Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG35D2180