Hernia Mesh Devices Market Forecast 2032 | Size, Share, Growth & Forecast |Future Market Insights

The Global Hernia Mesh Devices Market was valued at US$ 4.5 Bn in 2021 and is expected to reach US$ 6.5 Bn by 2032, finds Future Market Insights (FMI) in a recent market survey. As per the findings of the report, Inguinal Hernia will continue to constitute 80% of all hernias. They are the most common type of hernia and it is 10X more common in men than in women. This illustrates high hernia mesh devices revenue growth through them.

Synthetic Hernia Mesh will be the Most used Mesh for Surgery throughout the Analysis Period
According to FDA, 90% of Hernia surgeries are using synthetic mesh devices. The robust supply chain, availability of raw materials, and relatively less cost are the key reasons behind the dominance of synthetic mesh in the market. The number of hernia operations in China reached 1 Mn in 2015 and is increasing by 20-30 % each following year. Hernia mesh device revenue in China is expected to reach US$ 431.1 Mn valuations by 2032.

North America will see continued revenue growth in Hernia Mesh Market throughout the Analysis Period
North America is expected to grow at 3.4% CAGR in the next decade. Reimbursement for hernia mesh is favourable in North America, which encourages patients to choose laparoscopic surgery. Patients can easily obtain comprehensive payment codes and ratios made public by governments and industry stakeholders. Furthermore, technological advancements and the development and adoption of new goods, such as TELA Bio, are propelling the entire market forward in terms of revenue.

"Despite the 90% dominance of synthetic mesh in the Hernia Mesh device market, the biological mesh-based hernia devices can reap significant market revenue in the forthcoming years" comments an analyst at Future Market Insights.

Hernia Mesh Devices Market: Competition Insights

Most of the key players in hernia mesh devices market have been focusing on obtaining approvals from regulatory authorities. The key companies operating in the Hernia Mesh Devices market include Medtronic plc, Ethicon, and W. L. Gore and Associates, Inc., Atrium Medical Technologies, B. Braun Melsungen AG, PRIMEQUAL SA, Becton, Dickinson, and Company, Deep Blue Medical Inc., Dipromed Srl, BioCer Entwicklungs-GmbH, Betatech Medical, Sinolinks Medical Innovation, Inc, Aspide Medical S.A.S., Meril Life Sciences Pvt. Ltd., Herniamesh Srl., Changzhou Medical Equipment General Factory Co., Ltd, Gem Srl, SAMYANG HOLDING CORPORATION, Katsan Katgut Sanayi Ve Ticaret Anonim Sirketi, Novus Scientific AB. 

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The key recent developments of Hernia Mesh Devices manufacturers are as follows:

• In Mar 2020, Novus Scientific AB received FDA approval for TIGR Matrix Surgical Mesh indicated for use in procedures involving soft tissue repairs, such as for the repair of hernias or other soft tissue-related defects.
• In Jul 2020, Becton, Dickinson, and Company received FDA clearance for 3DMax MID Anatomical Mesh indicated for use in the reinforcement of soft tissue, and repair of inguinal hernias.
• In Aug 2020, Deep Blue Medical Inc., secured the clearance of the U.S. FDA for commencing the sale of its new hernia mesh product. The promising sales opportunities of the product have led the company to recently announce its equity of US$ 3.4 Mn in the company by investors.

Key Segments:
Key Segments Covered in Hernia Mesh Devices Market Survey

Hernia Mesh Devices Market by Mesh Type:
• Biological Mesh
• Synthetic Mesh

Hernia Mesh Devices Market by Hernia Type:
• Inguinal Hernia
• Incisional Hernia
• Femoral Hernia
• Others

Hernia Mesh Devices Market by Region:
• North America Hernia Mesh Devices Market
• Latin America Hernia Mesh Devices Market
• Europe Hernia Mesh Devices Market
• South Asia Hernia Mesh Devices Market
• East Asia Hernia Mesh Devices Market
• Oceania Hernia Mesh Devices Market
• Middle East & Africa Hernia Mesh Devices Market

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Table of Content

1. Executive Summary
1.1. Global Market Outlook
1.2. Summary of Statistics
1.3. Key Market Characteristics & Attributes
1.4. Fact.MR Analysis and Recommendations

2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations

3. Market Risks and Trends Assessment
3.1. Risk Assessment
3.1.1. COVID-19 Crisis and Impact on Hernia Mesh Devices Demand
3.1.2. COVID-19 Impact Benchmark with Previous Crisis
3.1.3. Impact on Market Value (US$ Mn)
3.1.4. Assessment by Key Countries
3.1.5. Assessment by Key Market Segments
3.1.6. Action Points and Recommendation for Suppliers
3.2. Key Trends Impacting the Market
3.3. Formulation and Product Development Trends

4. Market Background and Foundation Data Points
4.1. Global Hernia Mesh Devices Market (US$ Mn)
4.2. Hernia Mesh Devices Market Opportunity Assessment (US$ Mn)
4.2.1. Total Available Market
4.2.2. Serviceable Addressable Market
4.2.3. Serviceable Obtainable Market
4.3. Market Scenario Forecast
4.3.1. Demand in optimistic Scenario
4.3.2. Demand in Likely Scenario
4.3.3. Demand in Conservative Scenario
4.4. Investment Feasibility Analysis
4.4.1. Investment in Established Markets
4.4.1.1. In Short Term
4.4.1.2. In Long Term
4.4.2. Investment in Emerging Markets
4.4.2.1. In Short Term
4.4.2.2. In Long Term
4.5. Forecast Factors - Relevance & Impact
4.5.1. Top Companies Historical Growth
4.5.2. Global Hernia Mesh Devices Market Growth
4.5.3. Hernia Mesh Devices Adoption Rate, By Country
4.6. Market Dynamics
4.6.1. Market Driving Factors and Impact Assessment
4.6.2. Prominent Market Challenges and Impact Assessment
4.6.3. Hernia Mesh Devices Market Opportunities
4.6.4. Prominent Trends in the Global Market & Their Impact Assessment

5. Key Success Factors
5.1. Manufacturers' Focus on Low Penetration High Growth Markets
5.2. Banking on with Segments High Incremental Opportunity
5.3. Peer Benchmarking

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