Global Inguinal hernia market, By Type (Direct, Indirect), Diagnosis (Physical Examination, CT Scan, Abdominal Ultrasound, Magnetic Resonance Imaging (MRI), Others), Treatment (Open Hernia Repair, laparoscopy, Others), End-Use (Hospitals, Ambulatory Surgical Centres, Research & Academic Institutes, Others), Country (U.S., Canada, Mexico, Peru, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Kuwait, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Inguinal Hernia Market
Inguinal hernia market is expected to gain market growth at a potential rate of 2.75% in the forecast period of 2021 to 2028. Rise in the prevalence of hernia is the vital factor escalating the market growth.
Hernia is defined as a medical condition where an organ or fatty tissue bulges out through a weak spot where they are normally contained. Hernia repair is a surgical operation for the treatment of a hernia and is one of the most commonly performed surgical procedures worldwide.
Rise in the effectiveness of mesh repair will uplift the market growth, also rise in the prevalence of the disease, rise in the healthcare affordability in the US, rise in the knowledge and awareness amongst the people and rise in the technological advancement are some of the crucial factors among others driving the inguinal hernia market growth. Moreover, rise in the demand from emerging markets will further create new opportunities for the inguinal hernia market in the forecast period of 2021-2028.
However high costs of mesh repair and availability of less-expensive approaches and long waiting times in developed countries are the major factors among others acting as restraints, and will further challenge the inguinal hernia market in the forecast period mentioned above.
Inguinal hernia market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the inguinal hernia market scenario contact Data bridge market research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Inguinal Hernia Market Scope and Market Size
Inguinal hernia market is segmented on the basis of type, diagnosis, treatment and end-use. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, inguinal hernia market is segmented into direct and indirect.
- Based on diagnosis, inguinal hernia market is segmented into physical examination, CT scan, abdominal ultrasound, magnetic resonance imaging (MRI) and others.
- Based on treatment, inguinal hernia market is segmented into open hernia repair, laparoscopy and others.
Inguinal hernia market is also segmented on the basis of end-use into hospitals, ambulatory surgical centres, research & academic institutes and others.
Inguinal Hernia Market Country Level Analysis
Inguinal hernia market is analysed and market size information is provided by country, type, diagnosis, treatment and end-use as referenced above.
The countries covered in the inguinal hernia market report are U.S., Canada and Mexico in North America, Peru, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Kuwait, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the inguinal hernia market due to rise in the healthcare affordability in the US, rise in the knowledge and rise in the awareness amongst the people and rise in the technological advancement in this region. Asia-Pacific is the expected region in terms of growth in inguinal hernia market due to rise in access and quality of healthcare, increase in awareness about target disorder management, and the presence of a wide range of medical solutions in this region.
The country section of the inguinal hernia market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Patient Epidemiology Analysis
Inguinal hernia market also provides you with detailed market analysis for patient analysis, prognosis and cures. Prevalence, incidence, mortality, adherence rates are some of the data variables that are available in the report. Direct or indirect impact analysis of epidemiology to market growth are analysed to create a more robust and cohort multivariate statistical model for forecasting the market in the growth period.
Competitive Landscape and Inguinal Hernia Market Share Analysis
Inguinal hernia market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to inguinal hernia market.
The major players covered in the inguinal hernia market report are BD, Pfizer Inc., AstraZeneca, Eli Lilly and Company, Abiogen Pharma S.p.A., Merck Sharp & Dohme Corp., Novartis AG, GlaxoSmithKline plc., Zimmer Biomet, Johnson & Johnson Private Limited, Ampio Pharmaceuticals Inc., Regeneron Pharmaceuticals Inc., Boehringer Ingelheim International GmbH, Abbott, AbbVie Inc., Astellas Pharma Inc., BioDelivery Sciences International, Inc.., Crystal Genomics, Daiichi-Sankyo Company Limited, and Endo Pharmaceuticals Inc among other domestic and global players. Inguinal hernia market share data is available for global, North America, South America, Europe, Asia-Pacific (APAC) and Middle East and Africa (MEA) separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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