Global Hernia Mesh Devices Market To Register Around 2.5% CAGR During Forecast Period

As per the researchers at Zion Market Research, the global hernia mesh devices market was capitalized at around USD 5.13 billion in 2019 and is anticipated to expand at around 2.5% CAGR during the forecast period from 2020 to 2026. Few of the key players active in the global hernia mesh devices market consist of Ethicon Endo Surgery, C. R. Bard, Transeasy Medical, Sutures India, Baxter International, Dipromed, W.L Gore & Associates, Hitech Equipments Company, and Maquet Holding. The top companies within the market are implementing several approaches to contend with other market players which are likely to propel the market growth. To cite, an FDA 510(k) clearance was won by W.L. Gore & Associates for its Synecor preperitoneal biomaterial hernia repair device in June 2017. This approach improved the product portfolio of the firm.

Rising Incidence Of Hernia Across The World To Drive The Market Growth In Coming Period

High prevalence of hernia across the globe and enhanced patient results by utilizing meshes that decrease the recovery and operative time are a few of the key factors influencing the growth of the global hernia mesh devices market. In addition, few benefits of utilizing meshes for hernia treatment are decreased chances of reappearance and lessened pain that are projected to boost the market expansion. Moreover, the presence of reimbursement plans for hernia repair surgeries is also expected to fuel the hernia mesh devices market expansion in the coming period.

Based On Product, Biological Mesh Segment To Witness Considerable Growth

In 2018, the global hernia mesh devices market was ruled by the synthetic mesh segment, based on product owing to the rise in requirement for synthetic meshes, the advent of new products, and technological improvements in meshes. Nevertheless, studies relating to surgical complications while utilizing synthetic meshes together with mesh rejection leading to recurrence of the condition are factors expected to obstruct the growth of the synthetic mesh segment in the near future. However, an increase in the implementation of the biological mesh can be witnessed during the forecast period as a result of lower complications and decreased mesh rejections.

North America Expected To Dominate The Global Market During The Forecast Period

In 2018, a major share in the global hernia mesh devices market was captured by North America and is expected to continue its dominance during the forecast period as well. This regional growth can be attributed to technological developments and wide-ranging research in North America. Also, the rise in surgical procedures and enhancement in reimbursement condition are expected to drive the market growth. Further, Europe is anticipated to hold a significant share within the global hernia mesh devices market as a result of the existence of improved health care processes, upsurge in the elderly population, and rise in hernia surgery procedures in this region.

Browse the full “Global Hernia Mesh Devices Market- By Surgery Type (Laparoscopic Surgery And Open Tension-Free Repair), By Product (Consumables And Fixation Devices), By Mesh Material (Non-Absorbable Mesh And Absorbable Mesh), By Hernia Type (Umbilical Hernia, Incisional Hernia, Femoral Hernia, Inguinal Hernia, And Others), By End-Use (Ambulatory Surgical Centers, Hospitals, And Others), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/hernia-mesh-devices-market

The global hernia mesh devices market is segmented as follows:

By Product

• Fixation Devices
• Consumables
  • Mesh
    • Synthetic Material
      • Absorbable Mesh
      • Composite Mesh
      • Non-absorbable Mesh
    • Biological Material

By Surgery Type

• Open Tension-free Repair
• Laparoscopic Surgery

By Hernia Type

• Incisional Hernia
• Umbilical Hernia
• Inguinal Hernia
• Femoral Hernia
• Others

By Mesh Material

• Absorbable Mesh
• Non-Absorbable Mesh

By End-Use

• Hospitals
• Ambulatory Surgical Centers
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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