This Kalorama Information report, Hernia Repair Device Markets and Procedures provides global market sizes and forecasts, trends and competitive activity in this dynamic medical device segment.
The development of prosthetic materials ushered in the current era of hernia surgery, allowing a tension-free repair to be performed even for the largest defects and the most difficult procedures. During the past decade, medicine has witnessed a revolutionary change in prosthetic biomaterials for application in hernia repair. Composite mesh with absorbable and non-absorbable barriers for intraperitioneal placement, lightweight macroporous mesh and xenogeneic and allogeneic biological meshes are several of these novel materials
A handful of companies are involved in the development or marketing of hernia repair procedures and specialty equipment. The market is considered evolving with growth opportunity. Developing and developed markets alike have room to grow due to an aging population worldwide. Among the top and/or innovative competitors discussed within Corporate Profiles are:
The report’s geographic scope is worldwide with information for specific geographical regions; world demographics; life expectancy by country, and other general issues affecting the market. Information is presented as a worldwide overview, with special emphasis on the U.S., Europe, and other key markets. A market summary includes market analysis by product and region and a competitive analysis of leading providers. Additionally, key company profiles are included.
The information for this report was gathered using both primary and secondary research including comprehensive research of secondary sources such as company literature, databases, investment reports, and medical and business journals. Telephone interviews and email correspondence were the primary method of gathering information. For the purpose of this study, Kalorama Information conducted interviews with more than 16 key industry officials, consultants, health care providers, and government personnel. These sources were the primary basis in gathering information specifically relating to revenue and market share data presented in this report. Additional interviews were completed with relevant company representatives including marketing directors, division managers, and product representatives.
The market is segmented by product type: The worldwide hernia market is composed of two major product types:
New Tech to Drive Hernia Repair Market Over $4 Billion by 2012
Medical device market research publisher Kalorama Information believes rapid adoption of biosynthetic mesh and other minimally invasive methods of hernia repair will increase revenues for manufacturers of hernia repair specialty equipment. According to a recent report, a plethora of risk factors, including old age, previous surgery, obesity and smoking, coupled with prevalent healthcare options will increase the number of expected operations, creating a $4.1 billion market by 2012.
Biosynthetic mesh procedures provide benefits such as better a patient experience, greater resistance to infections and rapid tissue growth. These meshes, made up of silicone, rubber, polypropylene, or polytetrafluoroethylene (PTFE), create a protective layer that comes in contact with the intestine. A recent perfection of the T-shaped prosthesis, which is composed of silicone and polypropylene, reduces the development of incisional hernias, often caused by previous surgery. Kalorama reports the current average for incisional hernia cases is 15-20%, while the use of T-shaped prosthesis will reduce the amount to 3-4%.Former developments include the laparoscopic repair method, widely adopted by 2000, which reduces invasiveness by patching hernias from the inside. Although once widely criticized for its high recurrence rate, continuing development of this procedure has led to a current near-zero rate of recurrence.
"Biomesh and no-recurrence laparoscopy are not just small improvements, they are significant innovations," says Kalorama Information Publisher, Bruce Carlson. "There is a ton of innovation occurring in this market to meet the increasing demand for better quality."
High—risk individuals with factors such as old age, previous surgery, obesity and smoking, who may have been previously unqualified, will have access to insurance through the U.S. Healthcare Reform; this is expected to increase the number of hernia repair operations. Ethicon, Lifecell, W. L. Gore, Atrium and several other industry players are preparing new products for this growing market.
Kalorama's report, Hernia Repair Device Markets and Procedures, covers advances, sports, laparoscopic fetal treatment, robotic, and physio hernia repair and includes market projections, pricing comparisons, and profiles of major competitors in the industry.
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