Global Lumbar Hernia/Bleichner’s Hernia Treatment Market: Introduction
Lumbar hernias occur due to defects in the lumbar muscles or the posterior fascia, below the 12th rib and above the iliac crest. Lumbar hernias develop owing to the weakening of the posterolateral abdominal wall associated with the Petit’s triangle or the Grynfeltt-Lesshaft triangle. Lumbar hernias have been misdiagnosed as lipomas muscle strains, fibromas, abscesses, and kidney tumors, causing increased morbidity.
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Key Drivers of Global Lumbar Hernia/Bleichner’s Hernia Treatment Market
Rise is hernia prevalence
According to the American Medical Association, ventral hernia repairs are increasing at an estimated rate of 3% per year owing to rise in the number of surgeries and the high rates of hernia recurrence. According to the National Center for Biotechnology Information, the U.S. National Library of Medicine, abdominal hernias are quite common and considered to occur in no less than two percent of males, although figures from the U.S. put the estimates at 1.5%. Globally, an estimated 20 million hernias are operated on each year. Over 750,000 hernias in the U.S. and 125,000 hernias in the U.K. are operated on per year. Incidence of abdominal wall hernias in different countries varies from 100 to 300/100000 per year.
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Increase in Geriatric Population
The global geriatric population continues to increase at an unprecedented rate. Presently, 8.5% of people across the world (617 million) are aged 65 and over. According to a new report – An Aging World: 2015, the percentage is projected to jump to nearly 17% of the world’s population by 2050 (1.6 billion). According to the National Institutes of Health, the population aged 65 and over in the U.S. is anticipated to nearly double in the next three decades, from 48 million to 88 million by 2050. The global population aged 80 and older is expected to more than triple between 2015 and 2050, from 126.5 million to 446.6 million. The population aged 80 and older in some countries in Asia and Latin America is likely to quadruple by 2050.
North America to Account for Major Share of Global Lumbar Hernia/Bleichner’s Hernia Treatment Market
- North America is projected to account for major share of the global lumbar hernia/Bleichner’s hernia treatment market during the forecast period. The market in the region is anticipated to grow at a rapid pace in the next few years due to increase in research & development and various government initiatives for the development of novel ideas. Europe is expected to be the second largest market during the forecast period.
- The lumbar hernia/Bleichner’s hernia treatment market in Asia Pacific is likely to expand at a high CAGR during the forecast period. This can be attributed to rise in investment in research & development by private & government organizations and increase in health care management.
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Key Players Operating in Global Lumbar Hernia/Bleichner’s Hernia Treatment Market
The global lumbar hernia/Bleichner’s hernia treatment market is highly consolidated owing to the presence of a number of key players. Leading players operating in the global lumbar hernia/Bleichner’s hernia treatment market include:
- A.M.I. GmbH
- Angiologica B.M.
- Aspide Medical
- Atrium Medical Corporation
- B. Braun Melsungen AG
- Baxter International
- C. R. Bard, Inc. (Davol, Inc.)
- Cook Medical, Inc.
- Cousin Biotech
- Covidien (Medtronic)
- Integra LifeSciences Corporation
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