Hernia Mesh Market Size, Analysis, Industry Outlook, & Region Forecast To 2028
Advancements in technology, rising use of meshes in the surgeries, and increasing geriatric population would drive market growth
The Global Hernia Mesh Market is forecast to reach USD 6.28 Billion by 2028, according to a new report by Reports and Data. Hernia mesh is a medical device that is used to provide additional support to damaged and weakened tissues. Hernia mesh is made up of animal tissues and synthetic materials. The synthetic materials are soft, absorbable, and non-absorbable. Hernia mesh is easily compliant to shape, position, and movement of the body.
The market for hernia mesh is anticipated to grow over the forecast period owing to the rise in the incidence of hernia, use of meshes in the surgeries due to factors such as reduced pain, cost effectiveness, product availability in the market and reduced operative time. Advancement of technology and introduction of new products are also boosting the growth of the market.
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In addition, rising need for better disease treatment, increase in disposable income and government focus on strengthening healthcare sector are some key factors expected to continue to fuel market growth going ahead.
However, high cost of treatment procedures and unfavorable government medical policies are some major factors restraining global hernia mesh market revenue growth over the forecast period.
Some Key Highlights in the Report:
- The transplantation segment accounted for the largest revenue share in 2020 due to rising demand for transplant products such as tissue products, immunosuppressant, and solutions for organ preservation.
- Hernia type segments include inguinal hernia, incisional hernia, femoral hernia, and others. Among these, the femoral hernia segment accounted for largest revenue share in 2020 due to the wider shape of the female pelvis.
- On the basis of mesh type, the market report is segmented into biological mesh, and synthetic mesh. Among these, the biological mesh segment is expected to register a significantly rapid revenue CAGR during the forecast period.
- On the basis of synthetic structure type, the market report is segmented into absorbable mesh, and non-absorbable mesh. The absorbable mesh segment is expected to register largest revenue share over the forecast period as large pores in the mesh allow faster soft tissue ingrowth, lower foreign body reaction, thus resulting in the formation of a flexible scar.
- On the basis of synthetic product, the market report is segmented into flat mesh, and 3D mesh. Among these, the flat mesh segment is expected to register a significantly rapid revenue CAGR during the forecast period. Surgeons generally use self-gripping flat meshes to avoid fixation stitches and also reduce operative time.
- Revenue from North America hernia mesh market is projected to account for a significantly larger revenue share and dominate other regional markets over the forecast period. This can be attributed to rapid technological advancements and high adoption of surgical meshes as a treatment option.
- Prominent players in the market are: Covidien, United Surgical, Dolphin Sutures, Transeasy Medical Tech, Baxter International, W.L Gore & Associates Inc., Dipromed Srl, BioCer Entwicklungs, Sutures India Private Limited, and Hitech Equipments Company.
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Segments covered in the report:
For the purpose of this report, Reports & Data has segmented the global hernia mesh market on the basis of hernia type, mesh type, synthetic structure type, synthetic product type, end-users and region:
Hernia Type Outlook (Revenue, USD Billion; 2020 – 2028)
- Inguinal Hernia
- Incisional Hernia
- Femoral Hernia
Mesh Type Outlook (Revenue, USD Billion; 2020 – 2028)
- Biological Mesh
- Synthetic Mesh
Synthetic Structure Type Outlook (Revenue, USD Billion; 2020 – 2028)
- Absorbable Mesh
- Non-Absorbable Mesh
Synthetic Product Type Outlook (Revenue, USD Billion; 2020 – 2028)
- Flat Mesh
- 3D Mesh
End-Users Outlook (Revenue, USD Billion; 2020 – 2028)
- Ambulatory Surgical Centers
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Regional Outlook (Revenue, USD Billion; 2020 – 2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Some points on how the report benefits stakeholders:
- The reports include historical (2019–2020) and forecast (2021–2030) data points, revenues, and CAGR in table, figure, and chart formats, with detailed and qualitative, supporting written information for each.
- Revenue break-up is provided for each segment in these formats for global, regional, and for each country in the respective region for each year between 2019 and 2030.
- The report contains insights regarding growth drivers, restraints, opportunities, trends, company profiles, strategic developments, expansion details, product launches, and various other aspects related to the market.
- The report contains data and information on customers, competitors, vendors/distributors, and other players and in the global marketplace.
- Market research analysis is vital for all crucial business strategies and can aid in numerous ways and to provide a clearer understanding about strategies being deployed by competitors, product launches, competitive analysis, technological advancements and various other factors that enhance sales of a firm or perhaps provide insights to focus on merger and acquisition as a strategy or enter into strategic agreements or joint ventures etc.
- The report contains company profiles of the top companies operating in the market along with their respective revenue and operating segments, geographical reach, market footprint, headquarters, growth rates, recent developments, product /services, expansion strategies, investments in expansion, and more.
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