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Hernia Mesh Devices Market Size Forecast to Reach $5.8 Billion by 2025

The Hernia Mesh Devices Market size is forecast to reach $5.8 billion by 2025, growing at a CAGR of 3.13% during the forecast period 2020-2025. A hernia is a disease that occurs when an organ pushes through an opening in the muscle or tissue that holds it in place or when an organ or fatty tissue squeezes through a weak spot in a surrounding muscle or connective tissue called fascia. Rise in demand for advanced meshes, and high recurrence rate of Hernia is the major factor driving the growth of the market. An increase in the adoption of robotic surgeries is set to further enhance the overall market demand for the Hernia Mesh Devices Market during the forecast period 2020-2025.

Hernia Mesh Devices Market Segment Analysis – Hernia Type

The Inguinal Hernia segment held the largest share in the Hernia Mesh Devices Market in 2019 and is estimated to grow at a CAGR of 3.9% during the forecast period 2020-2025. An inguinal hernia is a bulging of the contents of the abdomen through a weak area in the lower abdominal wall. Inguinal hernias can occur at either of two passages through the lower abdominal wall, one on each side of the groin. These passages are called inguinal canals. Inguinal hernias can also occur through two deeper passages in the groin called the femoral canals. A femoral hernia occurs when tissue pushes through a weak spot in the muscle wall of the groin or inner thigh. Common causes include being overweight and overstraining while coughing, exercising, or passing stool. Symptoms of a femoral hernia include a lump in the groin or inner thigh and groin discomfort. Inguinal Hernia is set to be the highest growing segment and is estimated to register the highest CAGR during the forecast period 2020-2025.

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Hernia Mesh Devices Market Segment Analysis – By End Users

The Hospitals & clinics segment held the largest share in the Hernia Mesh Devices Market in 2019. Healthcare is a multi-dimensional system established with the sole aim of the prevention, diagnosis, and treatment of health-related issues or impairments in human beings. Hernia surgery is one of the most frequently performed surgeries and one of the most frequently performed operations in ambulatory surgery settings. However, setting up and performing hernia procedures in ambulatory surgery often present a challenge to the surgeon and the patient. Hospitals & Clinics are set to be the highest growing segment and are estimated to register the highest CAGR during the forecast period 2020-2025.

Hernia Mesh Devices Market Segment Analysis – Geography

North America dominated the Hernia Mesh Devices Market in 2019 with a share of more than 39.67%, followed by the Asia Pacific owing to the improved healthcare facilities, sedentary lifestyle practices, and high adoption of surgical meshes as a treatment option. Also, growing merger and acquisition activities between regional and international players to increase global presence and enhance their product portfolio is increasing the growth of the Hernia Mesh Devices Market in this region.

However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2020-2025 owing to the increasing government expenditure on the development of healthcare expenditure, and developing reimbursement policies. The presence of prominent players is also increasing the growth of the Hernia Mesh Devices Market in this region.

Hernia Mesh Devices Market Drivers

High incidence of hernia and improved patient outcomes by using meshes which reduce operative and recovery time

High incidence of hernia and improved patient outcomes by using meshes that reduce operative and recovery time is increasing the growth of the Hernia Mesh Devices Market. A hernia occurs when an organ pushes through an opening in the muscle or tissue that holds it in place. The most common symptom of a hernia is a bulge or lump in the affected area. Early medical care and lifestyle changes can minimize symptoms. However, surgery is the only way to effectively treat a hernia. The prognosis for hernia repair surgery is generally very good but can depend on the nature of the hernia, symptoms, and overall health. Thus, increasing the growth of the Hernia Mesh Devices Market during the forecast period 2020-2025.

Improved healthcare facilities and high adoption of surgical meshes

Improved healthcare facilities and high adoption of surgical meshes are increasing the growth of the Hernia Mesh Devices Market. Quality improvement is meant for enhancing safety, effectiveness, and efficiency. So, redesigning the healthcare system requires indulgence in specialized methods and tools known to assist improvement. Simple and intuitive electronic medical records software gives user-centric design to doctor’s offices or hospitals. This tool helps hospitals to get more reliable and efficient in the healthcare process and devote more time to satisfactory healthcare services. The organizational chain of activities is cyclic and needs continuous improvement to seek a higher level of performance. Thus, increasing the growth of the Hernia Mesh Devices Market during the forecast period 2020-2025.

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Hernia Mesh Devices Market Challenges

Lack of favorable reimbursement policies in developing countries and product recall cases

Some of the factors that are set to impede the growth of the Hernia Mesh Devices Market are the lack of favorable reimbursement policies in developing countries and product recall cases.

Hernia Mesh Devices Market Industry Outlook

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Hernia Mesh Devices Market. In 2019, the Hernia Mesh Devices Market share is consolidated by the top ten players present in the market. Hernia Mesh Devices Market, the top 10 companies are Medtronic plc, Ethicon, Inc., Johnson & Johnson, C.R. Bard, Inc., GE Healthcare, Atrium, W.L. Gore & Associates, LifeCell Corporation, Cook Medical Inc., Herniamesh S.r.l., and B. Braun Melsungen AG among others.

Acquisitions/Product Launches

In December 2019, GE Healthcare provides transformational medical technologies and services that are shaping a new age of patient care-acquired Decision Health.

Key Takeaways

North America dominated the Hernia Mesh Devices Market in 2019 owing to the improved healthcare facilities, sedentary lifestyle practices, and high adoption of surgical meshes as a treatment option. The Hernia Mesh Devices Market scope for different regions will be provided in the final report.

High incidence of hernia and improved patient outcomes by using meshes that reduce operative and recovery time is likely to aid in the market growth of the Hernia Mesh Devices Market.

Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Hernia Mesh Devices Market report.

Lack of favourable reimbursement policies in developing countries and product recall cases are poise to create hurdles for the Hernia Mesh Devices Market.

Related Reports :

A. Hernia Repair Market

https://www.industryarc.com/Research/Hernia-Repair-Market-Research-501309

B. Medical Robotics Market

https://www.industryarc.com/Report/2331/Medical-Robotics-Market-Research-Report.html

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