Technavio has been monitoring the hernia repair devices market, operating under the healthcare sector. The latest report on the hernia repair devices market, 2020-2024 estimates it to register an incremental growth of $ 1.46 bn, at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage on the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. AbbVie Inc., B. Braun Melsungen AG, Becton, Dickinson and Co., Cook Group Inc., Cousin-Biotech, Herniamesh srl, Johnson & Johnson, Medtronic Plc, pfm medical ag, and W. L. Gore & Associates Inc. are among some of the major market participants.
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Increasing prevalence of hernia has been instrumental in driving the growth of the market. However, complications and risks associated with hernia repair devices might hamper the market growth.
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Hernia Repair Devices Market 2020-2024: Segmentation
Hernia Repair Devices Market is segmented as below:
Based on geographic segmentation, over 36% of the market's growth originated from North America during the forecast period. In addition, hernia repair mesh products led the growth under the product segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the hernia repair devices market size.
Hernia Repair Devices Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The hernia repair devices market report covers the following areas:
This study identifies adoption of lightweight mesh products as one of the prime reasons driving the Hernia Repair Devices Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Hernia Repair Devices Market 2020-2024: Key Highlights
Table of Contents:
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Procedure
Market Segmentation by End-Users
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