Asia Pacific Hernia Repair Devices And Consumables Market Forecast 2021-2028
KEY FINDINGS
The Asia Pacific hernia repair devices and consumables market is anticipated to record a CAGR of 4.16%, over the forecast years of 2021 to 2028. Factors like, the high incidence of hernia, the increasing elderly populace, and the advancements in healthcare infrastructure are accredited to the region's market growth.
MARKET INSIGHTS
The Asia Pacific hernia repair devices and consumables market growth is evaluated by assessing Australia & New Zealand, Thailand, Indonesia, India, Japan, South Korea, Vietnam, China, and the rest of the Asia Pacific. Groin hernia repair is among the most common procedures performed in India, accounting for nearly 300,000 surgeries, annually. Trained and experienced surgeons often opt for open hernia repair surgery, followed by ventral or incisional hernia repair surgery. Likewise, laparoscopic-based hernia repair procedures are largely practiced in the country, owing to its advantages such as, lesser complications, as well as a relatively lower recurrence rate.
On the other hand, India's high geriatric population base is also projected to fuel market demand and growth. For instance, as per the Population Census, 2011, the country harbored at least 104 million elderly individuals, including 51 million males, and 53 million females. Similarly, according to the report by the United Nations Population Fund, and HelpAge India, this number is anticipated to increase to 173 million by 2026. Hence, as mentioned above, these factors are expected to augment the market growth during the forecast years.
COMPETITIVE INSIGHTS
Some of the prominent players in the market include, Medtronic Inc, Johnson & Johnson (Ethicon Inc), Allergan PLC (acquired by Abbvie), Baxter International Inc, Cook Medical Inc, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Scope Of Study
- 1.3. Methodology
- 1.4. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Market Overview
- 3. Market Dynamics
- 3.1. Key Drivers
- 3.1.1. Growing Acceptance Of Robotic Surgeries
- 3.1.2. Rising Incidence Of Hernia
- 3.1.3. Surging Requirement For Novel And Advanced Meshes
- 3.1.4. Increasing Demand For Tension Free Repair Procedures For Treating Hernia
- 3.2. Key Restraints
- 3.2.1. High Cost Associated With Hernia Repair Surgeries
- 3.2.2. Unreliable Reimbursement Policies And Frequent Lawsuits In Hernia Mesh Devices
- 4. Key Analytics
- 4.1. Porter’s Five Force Analysis
- 4.1.1. Threat Of New Entry
- 4.1.2. Threat Of Substitution
- 4.1.3. Buyer’s Power
- 4.1.4. Supplier’s Power
- 4.1.5. Competitive Rivalry
- 4.2. Impact Of Covid-19 On Hernia Repair Devices And Consumables Market
- 4.3. Opportunity Matrix
- 4.4. Vendor Landscape
- 4.5. Key Investment Insights
- 5. Market By Surgery Type
- 5.1. Open Tension-free Repair Surgery
- 5.2. Laparoscopic Surgery
- 6. Market By Hernia Type
- 6.1. Inguinal Hernia
- 6.2. Incisional Hernia
- 6.3. Umbilical Hernia
- 6.4. Femoral Hernia
- 6.5. Other Hernia
- 7. Market By Product
- 7.1. Consumables
- 7.1.1. Synthetic Material Mesh
- 7.1.1.1. Absorbable Mesh
- 7.1.1.2. Non-absorbable Mesh
- 7.1.2. Biological Material Mesh
- 7.2. Fixation Devices
- 7.2.1. Tack
- 7.2.1.1. Absorbable Mesh
- 7.2.1.2. Non-absorbable Mesh
- 7.2.2. Other Fixation Devices
- 8. Geographical Analysis
- 8.1. Asia Pacific
- 8.1.1. Market Size & Estimates
- 8.1.2. Key Growth Enablers
- 8.1.3. Key Challenges
- 8.1.4. Key Players
- 8.1.5. Country Analysis
- 8.1.5.1. China
- 8.1.5.2. Japan
- 8.1.5.3. Australia & New Zealand
- 8.1.5.4. India
- 8.1.5.5. South Korea
- 8.1.5.6. Thailand
- 8.1.5.7. Indonesia
- 8.1.5.8. Vietnam
- 8.1.5.9. Rest Of Asia Pacific
- 9. Competitive Landscape
- 9.1. Key Strategic Developments
- 9.1.1. Merger & Acquisitions
- 9.1.2. Product Launch & Developments
- 9.1.3. Partnership, Contract/Agreement & Collaboration
- 9.1.4. Business Expansion/ Approval/ Announcement
- 9.2. Company Profiles
- 9.2.1. Allergan Plc (Acquired By Abbvie)
- 9.2.2. Baxter International Inc
- 9.2.3. Braun Melsungen Ag
- 9.2.4. Cook Medical Inc
- 9.2.5. Cr Bard (Acquired By Becton, Dickinson And Company)
- 9.2.6. Cryolife Inc
- 9.2.7. Herniamesh Srl
- 9.2.8. Integra Lifesciences Corporation
- 9.2.9. Johnson & Johnson (Ethicon Inc)
- 9.2.10. Medtronic Plc
- 9.2.11. The Cooper Companies
- 9.2.12. Via Surgical Ltd
- 9.2.13. Wl Gore & Associates (Gore)
- 9.2.14. Zimmer Biomet Inc
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