Hernia Mesh Devices Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2024 – 2032
Published on: 2024-08-03 | No of Pages : 240 | Industry : Healthcare
Publisher : MIR | Format : PDF&Excel
Hernia Mesh Devices Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2024 – 2032
Hernia Mesh Devices Market Size
Hernia Mesh Devices Market size is expected to exhibit a decent CAGR from 2024 to 2032, owing to the increasing incidences of hernia and the proven benefits of hernia mesh devices in alleviating pain and limiting the recurrence of the given abnormality.
According to statistics, different types of hernia mesh products are utilized in almost 90% of surgeries annually in the United States. These devices are used to support damaged tissue around hernias as they heal and are usually placed around the area surrounding the hernia, further attaching it with glue, staples, or stitches. The pores in the mesh enable the progress of tissues into the device.
Hernia Mesh Devices Market Trends
The introduction of favorable reimbursement policies across several countries and the increasing penetration of health insurance are anticipated to favor market gains over the next ten years. Besides, a noticeable rise in R&D investments and initiatives undertaken by leading market players to introduce novel technological innovations will further enhance hernia mesh device sales through 2032.
However, the worsening inflation across the globe in association with the Russia-Ukraine crisis has severely diminished product demand and disrupted the overall industry value chain. The destruction of several healthcare facilities in Ukraine has taken a huge toll on the healthcare sector in the country. Besides, the declining economic expansion has limited people's expenditure on healthcare which may further lead to sluggish industry development during the estimated timeframe.
Hernia Mesh Devices Market Analysis
The biologic mesh segment is estimated to grow substantially between 2024 and 2032, driven by the remarkable surge in comparative studies focused on assessing the feasibility of biological mesh over synthetic mesh in various procedures.
For instance, the Cleveland Clinic recently conducted a study comparing the cost-effectiveness, efficacy, and safety of biological prosthetics and synthetic mesh for the purpose of repairing ventral hernias in the setting of contaminated and clean-contaminated surgical procedures. The findings of this study are expected to have a noticeable impact in the area of hernia surgery, given that it will offer an objective guide to mesh selection.
The hernia mesh devices market size from the inguinal hernia mesh segment is expected to register substantial gains through 2032. Though surgical procedures are not always required, hernias do not generally depict improvement without them. However, in some cases, if a hernia is left untreated, this can be life-threatening. Growing incidences of hernia mesh surgeries, boosts the product adoption in coming years.
North America hernia mesh devices market is projected to record a significant growth rate through 2032, owing to an increase in regulatory clearances for the rollout of numerous products. Furthermore, the improved healthcare infrastructure and an increased cognizance of the benefits of timely diagnosis and treatment of hernia will create a favorable revenue outlook for the regional industry.
Hernia Mesh Devices Market Share
Leading players in the hernia mesh devices industry are
- Dipromed
- Ethicon Endo-Surgery
- Maquet Holding
- W.L Gore & Associates
- Hitech Equipments Company
- C. R. Bard
- Sutures India
- Transeasy Medical
Hernia Mesh Devices Industry News
- In April 2022, Ariste Medical, LLC, a pre-commercial company specializing in drugs and medical devices, received FDA approval for its synthetic hernia mesh embedded with a drug. This approval in U.S is specifically for reducing microbial infections during surgical implantation.