Hernia mesh devices Market 2022 | Industry Outlook, Size, Share and Growth Analysis

According to Precision Business Insights (PBI), the latest report, the hernia mesh devices market is expected to be worth USD 5.2 billion in 2021, growing at a 3.2% CAGR from 2022 to 2028. The primary drivers of the expansion of the global hernia mesh devices market include the growing prevalence of hernia, high adoption of surgical meshes as a treatment option, improved healthcare facilities, the rapid growth of healthcare infrastructure, government initiatives, advancement of technology, and sedentary lifestyle practices.

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Inguinal Hernia to Dominate the Hernia mesh devices Market:
Based on hernia type, the global market is segmented into the inguinal hernia, incisional hernia, femoral hernia, umbilical hernia, ventral, and others. Inguinal hernia is most common among them, almost 80% of hernia is an inguinal hernia. According to a clinical review, Inguinal hernias account for 75% of abdominal wall hernias, with a lifetime risk of 27% in men and 3% in women. Repair of inguinal hernia is one of the most common operations in general surgery, with rates ranging from 10 per 100 000 of the population in the United Kingdom to 28 per 100 000 in the United States. Hence, this segment is expected to account for a larger revenue share in the global hernia mesh devices market, with a value share worldwide

Asia Pacific Hernia mesh devices Market:
The Asia Pacific market is expected to increase in the global hernia mesh devices market over the forecast period. The Asia Pacific market is expanding as a result of the region's fast-paced lifestyle, large patient pool, and growing demand for innovative healthcare facilities. North America held a considerable market share during the estimated period due to the growing prevalence of hernia, improved healthcare facilities and infrastructure, and the high adoption rate of surgical meshes. However, the global players in this region are influencing the hernia mesh device market with their initiatives and investment in the research and development sector.

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Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global hernia mesh devices market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In Aug 2020, Deep Blue Medical secured the clearance of the U.S. FDA for commencing the sale of its new hernia mesh product.

The hernia mesh devices market is segmented based on hernia type, mesh type, procedure, end user, and geography.
Based on the hernia type, the market is segmented into the following:
• Inguinal Hernia
• Incisional Hernia
• Femoral Hernia
• Umbilical Hernia
• Ventral
• Others

Based on the mesh type, the market is segmented into the following:
• Biologic Mesh
• Synthetic Mesh

Based on the procedure, the market is segmented into the following:
• Open Surgery
• Laparoscopic Surgery

Based on the end user, the market is segmented into the following:
• Hospitals
• Ambulatory Surgical Centers
• Others

Based on geography, the market is segmented into the following:

• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players' profiles in the hernia mesh devices market report are Medtronic, Johnson & Johnson Services Becton, Dickinson and Company, W. L. Gore and Associates, Atrium Medical, Allergan, B. Braun Melsungen AG, Integra Lifesciences, Baxter International, Herniamesh, Ariste Medical, and Deepblue Medical.

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