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U.S. and European Soft Tissue Repair Device Markets Will Expand Modestly In Line With Large Hernia Repair Device Market

Companies mentioned in this article: Decision Resources Group

BURLINGTON, Mass., Aug. 14, 2014 /PRNewswire/ -- Decision Resources Group finds that the soft tissue repair device markets in the United States and Europe will expand slightly through 2022. These markets will be primarily affected by trends in the hernia repair device market, which brings in the most revenues. This is due to the very high incidence of hernias, favorable clinical data supporting the benefits of hernia mesh and ongoing product innovation that helps maintain pricing.

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Other key findings from Decision Resources Group's coverage of the U.S. and European soft tissue repair device markets:

    --  Hernia repair devices: The hernia repair device market will be supported
        by the adoption of premium-priced composite and proprietary synthetic
        mesh in the ventral and inguinal hernia indications, respectively.
        Particularly fast-growing products in 2013 included C. R. Bard's Ventrio
        Light hernia patch and Covidien's Parietex Optimized composite mesh.
    --  PFR devices and vaginal slings: The pelvic floor reconstruction (PFR)
        device and vaginal sling markets declined in 2013 due to warnings and
        publicity about the potential for adverse patient events, although they
        will recover slowly through 2022. In general, these soft tissue repair
        device markets have been plagued by lawsuits, and manufacturers are
        under enormous pressure to more stringently test safety.
    --  Male slings, staple line reinforcement devices and dural repair devices:
        The male sling and staple line reinforcement device markets (included in
        U.S. coverage only) as well as the dural repair device market (included
        in European coverage only) will exhibit moderate growth through 2022 as
        mesh products are increasingly accepted for the relevant indications.

Comments from Decision Resources Group Senior Analyst Manya Aggarwal:

    --  "In the U.S. hernia repair fixation device market, adoption of
        premium-priced absorbable tackers, which cause less pain and fewer
        adhesions, will grow at the expense of nonabsorbable tackers. Absorbable
        products will be primarily used in ventral hernia repair, where clinical
        evidence is stronger."

Comments from Decision Resources Group Senior Analyst Lexie Code:

    --  "Because of the widespread negative publicity in the PFR device market,
        C. R. Bard and Ethicon have both withdrawn products, and remaining large
        competitors have not been concentrating on this space. As a result, some
        smaller local competitors have gained share, but these independents are
        also bearing the burden of convincing doctors and women to consider
        these procedures again, making the turnaround quite a slow process."

Additional Resources:

    --  Manya Aggarwal and Lexie Code have written Medtech 360 reports on this
        subject entitled US Markets for Soft Tissue Repair Devices 2014 and
        European Markets for Soft Tissue Repair Devices, respectively.
    --  Decision Resources Group's Marketrack, which provides market share data
        by brand for the U.S. soft tissue repair device market, can be found
        here.

About Decision Resources Group

Decision Resources Group offers best-in-class, high-value information and insights on critical issues within the healthcare industry. Clients rely on this analysis and data to make informed decisions. Find out more at www.DecisionResourcesGroup.com.

All company, brand, or product names contained in this document may be trademarks or registered trademarks of their respective holders.

For more information, contact:

Decision Resources Group
Christopher Comfort
781-993-2597
ccomfort@dresourcesgroup.com

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SOURCE Decision Resources Group