28th August 2019 – The global Hernia
Mesh Devices Market size is anticipated to value at USD 5.03 billion by
2025. The market is subject to witness a substantial growth due to the rise in
the occurrence of hernia, and cost-effectiveness of the treatment associated
with it. Some of the key factors responsible for the growth of the market are
rise in the use of meshes, cost-effectiveness, and minimum pain during the
treatment, lower operational time, and easy accessibility of these devices in
the market. Globally, the market is predicted to grow at CAGR of 2.8% in
forecast period, providing numerous opportunities for market players to invest
for research and development in the hernia mesh devices industry.
The adoption of hernia mesh enables a
favorable scenario in which patients opt for open or laparoscopic procedures.
Hernia mesh also provide patients with easy accessibility to detail-oriented
reimbursement ratios via governmental agencies and market players. The
reimbursement codes and ratios are directly related to the type of hernias such
as primary and recurrent hernia, coupled with different methods of surgery
similar to open and laparoscopic.
Hernia is a medical condition that
results in aligning of abdomen swelling into a small case because of the bad
condition of abdominal muscles. Increase in smoking, coupled with other factors
such as poor nutrition, hereditary disorders, and changing food patterns are
leading causes of rising incidence of hernias, thus propelling the demand for
hernia mesh devices market.
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The hernia disorders are more prevalent
among smoking population due to constant coughing. Occurrence of the hernia in
smoking population is four times higher as that of normal patients. Adoption of
hernia meshes decreases operational and recovery period, which in turn serves
as a critical factor for increasing preference towards hernia meshes, thus
contributing significantly to the growth of hernia mesh devices industry in
recent years. Additionally, some of the vital benefits offered with the use of
hernia meshes include reduction in recurrence and alleviated pain, thus
propelling growth of the market over the forecast period.
Substantial investment by regional
governments and privately-owned institutions in research and development of the
hernia meshes are likely to produce vital result in near future. The R&D in
the market of hernia mesh devices is majorly attributed to fulfill patient
demands and offer ease during the treatment. Such factors are fueling the
market expansion of hernia mesh devices in coming years.
The hernia mesh device market is
categorized into three main types on the basis of target disease such as
inguinal, incisional, and femoral. Inguinal hernia is considered as one of the
fasted growing segments with highest revenue generation in the forecast period.
Incidences related to the inguinal hernia are ten times more frequent in men as
compared with women, making repair expenditure mandatory.
Occurrence of femoral hernia is
prevalent among older women due to the increased size of female pelvis because
of the old age. Application of hernia meshes diminishes chances of returning
hernia due to which wide adoption of hernia meshes is increasingly preferred by
doctors. The hernia mesh devices industry is divided into regional market
segment such as North America, Europe, Asia-Pacific, Latin America and Africa.
North America has shown major growth in
recent years owing to the rise adoption of latest methodologies for the
treatment of hernia and existence well-established healthcare infrastructure.
Asia-Pacific region is predicted to hold major market share in the hernia mesh
devices market with massive growth in forecast period. Countries such as India,
China and Singapore are leading the Asia-Pacific market with increasing number
of patient pool, rising awareness about the disease, growing healthcare
infrastructure and easy accessibility to the treatment. The key players in the
hernia mesh device industry are Ethicon Incorporations, C. R. Bard,
Incorporations, W. L. Gore Incorporations, Atrium Medical Co., LifeCell Co.,
and B. Braun Melsungen AG.
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