Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 4.72 Billion | USD 6.31 Billion | 3.4% | 2023 |
The global Hernia Mesh Devices market size accrued earnings worth approximately USD 4,717.7 Million in 2023 and is predicted to gain revenue of about USD 6,306.7 Million by 2032, is set to record a CAGR of nearly 3.40% over the period from 2024 to 2032.
The report offers valuation and analysis of Hernia Mesh Devices market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data.
Hernia mesh is a medical instrument that supports damaged tissues around the hernia while it heals. Apparently, surgeons keep the mesh in vicinity of the hernia and attach it with glue or staples. Reportedly, hernia mesh device is utilized in nearly 9 out of 10 hernia surgeries in the countries like the U.S.
As per the U.S. FDA, making use of hernia mesh is predicted to enhance the condition of the patient as the recovery can take lesser time in comparison to other medical therapies. In addition to this, surgeons make use of hernia mesh device for reducing the recurrence of hernia.
High rate of hernia recurrence and surge in the performing of robotic surgeries along with need for new meshes will proliferate the expansion of hernia mesh devices industry over the ensuing years. Apart from this, need for reducing the pain during hernia repair along with requirement of enhanced patient results through the medical device use is projected to steer the business trends. In addition to this, technological breakthroughs, new growth avenues in developing nations, and co-operation of authorities in the emerging economies will steer the industry growth over the forthcoming years.
With high focus of the players on developing new medical devices for fulfilling patient healthcare requirements is likely to steer the growth of hernia mesh devices market over the forthcoming years. Nonetheless, huge costs of manufacturing hernia mesh equipment and changing healthcare insurance policies can prove to be detrimental to the growth of the hernia mesh devices market over the years ahead.
The global hernia Mesh devices market is categorized into synthetic Mesh, biologic Mesh, and composite Mesh based on the product type. During the projected period, the synthetic Mesh is anticipated to dominate the global hernia Mesh devices market. Synthetic meshes have been the dominant choice in the hernia mesh market due to its cost-effectiveness, ease of procurement, and wide availability. Synthetic meshes were the dominant choice in the market for mesh devices, mostly because they were easily accessible, affordable, and had been recently introduced. Moreover, synthetic meshes exhibit less surgical complications compared to biological meshes and are a more economical option for the majority of patients.
The global market for hernia Mesh devices is categorized into many types based on the location of the hernia, including inguinal, incisional, femoral, umbilical, and other hernias. During the projection period, the inguinal hernia is projected to have the biggest market share in the worldwide hernia Mesh devices market. Inguinal hernia repair is the most commonly performed procedure in the field of general surgery. Organs can protrude through an opening in the side and muscle layer, whether they are situated inside or outside the abdomen. The majority of individuals experience some form of protrusion or discomfort in the groin area upon waking up. Healthcare experts recommend that all hernias with symptoms be promptly treated in order to avert potential problems.
Report Attributes | Report Details |
---|---|
Report Name | Hernia Mesh Devices Market |
Market Size in 2023 | USD 4,717.7 Million |
Market Forecast in 2032 | USD 6,306.7 Million |
Growth Rate | CAGR of 3.40% |
Number of Pages | 204 |
Key Companies Covered | Baxter International, W.L Gore & Associates, Transeasy Medical, Sutures India, Hitech Equipments Company, Ethicon Endo Surgery, C. R. Bard, Dipromed, and Maquet Holding. |
Segments Covered | By Product, By Surgery Type, By Hernia Type, By Mesh Material, By End-Use, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The growth of the market in the region over the estimated timespan can be ascribed to huge product penetration in the healthcare industry in the countries like the U.S. and Canada. In addition to this, enhanced healthcare amenities, inactive lifestyles, and massive acceptance of meshes for treating hernia is projected to culminate into humungous expansion of hernia mesh devices industry in the sub-continent over the forecast timeframe. Apparently, presence of advanced healthcare infrastructure and huge awareness among the patients about the health benefits derived due to minimally invasive surgeries will prompt the business growth in the region over the assessment period.
Key participants profiled in the report and favorably impacting the business include
By Product
By Surgery Type
By Hernia Type
By Mesh Material
By End-Use
By Region
FrequentlyAsked Questions
High rate of hernia recurrence and surge in the performing of robotic surgeries along with need for new meshes will proliferate the expansion of hernia mesh devices industry over the ensuing years. Apart from this, need for reducing the pain during hernia repair along with requirement of enhanced patient results through the medical device use is projected to steer the business trends. In addition to this, technological breakthroughs, new growth avenues in developing nations, and co-operation of authorities in the emerging economies will steer the industry growth over the forthcoming years.
The global Hernia Mesh Devices market size accrued earnings worth approximately USD 4,717.7 Million in 2023 and is predicted to gain revenue of about USD 6,306.7 Million by 2032, is set to record a CAGR of nearly 3.40% over the period from 2024 to 2032.
North America is likely to make noteworthy contributions towards overall market revenue. The surge in the expansion of market in the sub-continent over the estimated timespan is credited to huge product penetration in the healthcare industry in the countries like the U.S. and Canada. In addition to this, enhanced healthcare amenities, inactive lifestyles, and massive acceptance of meshes for treating hernia is projected to culminate into humungous expansion of hernia mesh devices industry in the sub-continent over the forecast timeframe. Apparently, presence of advanced healthcare infrastructure and huge awareness among the patients about the health benefits derived due to minimally invasive surgeries will prompt the business growth in the region over the assessment period.
The key players profiled in the report include Baxter International, W.L Gore & Associates, Transeasy Medical, Sutures India, Hitech Equipments Company, Ethicon Endo Surgery, C. R. Bard, Dipromed, and Maquet Holding.
RelatedNews
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed