Report Title: “Global Healthcare Hernia Repair Devices Market – Segmented by Products, Procedures, Hernia Types, and Geography- Growth, Trends, and Forecast (2018 – 2023)”
Global “Healthcare Hernia Repair Devices Market” (2018 – 2023) Report Provides Overall study of Approximate CAGR, Leading Manufacturers, Key Development, Market Dynamics and SWOT analysis for Key Players. The Healthcare Hernia Repair Devices market is expected to register a CAGR of approximately 6% during the forecast period of (2018 – 2023)
Healthcare Hernia Repair Devices Market Report Covers Leading Manufacturers: B Braun Melsungen Ag, Ethicon Inc., Cook Medicals, Medtronic, C R Bard Inc, Life Cell Corporation, Olympus Corporation, W L Gore & Associates, Cooper Surgicals, Insightra Medical Inc.
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The Healthcare Hernia Repair Devices market is expected to register a CAGR of around 6% during the forecast period, 2018 to 2023. North America dominates the market, due to growing market of Healthcare Hernia Repair Devices.
Large Patient Population
Hernia is very common amongst geriatric population. According to a 2013 Report by Vanderbilt University Medical Center, more than 350,000 people in the United States undergo Surgery for management ventral abdominal Hernias. Physicians generally recommend Surgery for treatment of Hernia. However, with advancement of technology and other procedures that are comparatively less invasive and have gained good popularity. Advancement in Laparoscopic Surgery and Open tension-free repair are one of the most important factor for market growth. This has led to a high rate of growth in the hernia repair device market.
Lack of skilled Professionals
The number of skilled surgeons is one-tenth of that required. The recent skilled worker shortage in United States is also causing restraint in the country. Along with this, Australian Government recently announced that the Temporary Work (Skilled) visa (subclass 457 visa) will be abolished and replaced with the completely new Temporary Skill Shortage (TSS) visa in March 2018, this recent change in visa procedures for the technical staffing in Australia is also expected to cause restraint to this market. Surgeons are needed after the surgery in order to rehabilitate the patients undergoing surgery for a holistic recovery. Incidences have been noticed around the world where the shortage of surgeons have led to increase the stay duration of the patients in hospitals hence, increasing the cost of the surgery. This further restraint the hernia repair devices across the globe. Also, inadequate reimbursement policies act as restraints.
North America to Dominate the Market
North America dominates the global hernia repair devices market due to increasing prevalence of hernia disorder cases and improved healthcare facilities in the region. In addition, government initiatives and more awareness among the people are some of the major factors driving the hernia repair devices market. Asia, followed by Europe, is expected to experience high growth rate in the next few years in hernia repair devices market. China and India are expected to be the fastest growing hernia repair devices markets in Asian region. This is due to large investment by various major companies in these countries. Some of the key driving forces for hernia repair devices market in emerging countries are large pool of patients, rising government funding and improvement in the healthcare facilities.
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Reasons to Purchase Healthcare Hernia Repair Devices Market Report:
- Identification of key factors instrumental in changing the market scenario, exploiting new opportunities, and gaining a competitive edge.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- The authentication mode is likely to witness the highest adoption of these systems in the market.
- The regions that are expected to witness the fastest growth during the forecast period.
- The SWOT analysis for key players and a detailed study of their current strategic interests and key financial performance indicators.
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