Hernia Mesh Devices Market size and growth: Hernia Mesh Devices Market was worth USD 3.73 billion in 2018 and is projected to be growing at a CAGR of 3.1%, to touch USD 4.35 billion by 2023.
Hernia Mesh Devices Market Overview:
The treatment of hernia includes terminating the weak spot present in the muscle through which the intestinal content is distended. Presently, there are two treatment options existing – hernia repair surgeries using sutures, and hernia repair surgeries using mesh. The mending of hernia through surgery using mesh does not create any stress on tissues or muscles; the mesh bridges the gap in the muscle/hernia orifice with few stiches or staples. The use of mesh also helps alleviate pain and reduces the chances of recurrence.
Hernia Mesh Devices Market Drivers and Restraints:
The growth of the Global Hernia Mesh Devices Market is driven by factors such as increasing incidence of obesity, which is a result of lack of physical activity and an unhealthy diet. Furthermore, excessive physical activity and the growing geriatric population are set to boost market growth in the future. However, strict regulation of product approval, the availability of alternative treatment techniques for hernia damage repair and the high incidences of mesh failure and resulting chronic pains are projected to be the major restraints of market growth.
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Report segmented as
By Product Type:
• Synthetic Mesh
• Biologic Mesh
By Type:
• Inguinal
• Incisional
• Femoral
• Umbilical
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Geographical Analysis:
The market has been geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. As of 2018, North America leads the market, accounting for the major global market share, with the US accounting for the major share. North America’s lead is warranted by the presence of high incidence of obesity patients and increasing use of Hernia Mesh by surgeons. Europe comes in second in terms of market share owing to the rising awareness about blood related disorders and the swift availability of treatment in terms of plasma fractionation. However, Asia-Pacific is expected to expand at the highest CAGR during the forecast period majorly because of the presence of huge population base, increasing adoption of advanced technologies and the low manufacturing costs of hernia mesh devices in the emerging economies of the region.
Important Market Players:
The key companies in the global hernia mesh devices market include Medtronic (U.S.), Ethicon, Inc. (U.S.), C.R. Bard, Inc. (U.S.), Atrium (Sweden), W.L. Gore & Associates (Germany), Lifecell Corporation (U.S.), and B. Braun Melsungen AG (Germany).
The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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