According to Future Market Insights, the Ventral Hernia Treatment market demand is predicted to develop at a CAGR of 6.4% from 2023 to 2033. By 2033, the global market for Ventral Hernia Treatment is estimated to reach a value of US$ 9.4 billion. The increasing prevalence of ventral hernia, the increasing acceptance of minimally invasive surgical procedures, and the availability of enhanced hernia repair technologies and solutions are all driving market growth.
Another factor driving the Ventral Hernia Treatment market is the increasing use of minimally invasive surgical procedures. Minimally invasive surgery (MIS) is a surgical method that performs surgical procedures through small incisions and specialised equipment. MIS is related with fewer discomfort, scarring, and problems, as well as faster patient recovery times, when compared to standard open surgery. This has resulted in an increase in demand for MIS procedures in ventral hernia repair, propelling the industry forward.
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The availability of sophisticated hernia repair technologies and solutions is also helping to drive the Ventral Hernia Treatment market forward. Companies such as Medtronic and Becton Dickinson & Company to support the weaker or injured tissue in the abdominal wall and help prevent the hernia from returning are developing innovative mesh solutions and surgical devices. When compared to traditional hernia repair methods, these products are frequently designed to be minimally invasive and have improved safety and efficacy profiles.
Key Takeaways from the Market Study
- From 2023 to 2033, the global Ventral Hernia Treatment market is predicted to rise at a 6.4% CAGR.
- In 2023, hospitals are estimated to hold 48% of the market share for Ventral Hernia Treatment.
- In 2023, North America is anticipated to have 46% of the Ventral Hernia Treatment market.
- In 2023, Europe’s Ventral Hernia Treatment market is estimated to account for 38% of the total.
“The rising geriatric population and the increasing demand for better healthcare infrastructure in emerging economies are expected to drive the growth of the market in the coming years,” states an FMI analyst
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Competitive Landscape
Key players in the Ventral Hernia Treatment market are Medtronic, Becton Dickinson & Company, Braun Melsungen AG, Cook Medical Inc., Cooper Companies Inc., Baxter International, Inc., Integra LifeSciences, W.L. Gore & Associates, AbbVie, Johnson & Johnson Services, Inc.
- Medtronic has developed minimally invasive surgical techniques and technologies that can be used to repair ventral hernias. These techniques often result in less pain and scarring, shorter hospital stays, and faster recovery times for patients.
- Becton Dickinson & Company collaborates with healthcare professionals to develop and improve hernia treatment solutions. This includes conducting clinical research and providing training and education to surgeons and other medical professionals.
More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the global Ventral Hernia Treatment market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.
The study reveals essential insights on the basis of Type (Epigastric (stomach area) hernia, Umbilical (belly button) hernia, Incisional hernia) Diagnosis (Ultrasound, CT Scan, MRI) Surgery Type (Open hernia surgery, Laparoscopic surgery, Robotic hernia surgery) End-use (Hospitals, Ambulatory Surgical Centres, Clinics) Region (North America, Latin America, Europe, South Asia, East Asia, Oceania)
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Key Segments Profiled in the Ventral Hernia Treatment Industry Survey
Type:
- Epigastric (stomach area) hernia
- Umbilical (belly button) hernia
- Incisional hernia
Diagnosis:
- Ultrasound
- CT Scan
- MRI
Surgery Type:
- Open hernia surgery
- Laparoscopic surgery
- Robotic hernia surgery
End-use:
- Hospitals
- Ambulatory Surgical Centres
- Clinics
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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