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+1,198.86 Million Asia-Pacific Hernia Mesh Repair Devices Market Analysis by Key Players Like Medtronic and B. Braun Melsungen AG.
Asia-Pacific Hernia Mesh Repair Devices Market ? Industry Trends and Forecast to 2024
Asia-Pacific Mesh Repair Devices Market by Product Type (Synthetic Mesh, Biologic Mesh), By Hernia Mesh (Inguinal Hernia, Incisional Hernia, Umbilical Hernia, Femoral Hernia, Hiatal Hernia, Parastomal Hernia, Others), By Countries (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Singapore, Indonesia, Philippines and Rest of APAC) – Industry Trends and Forecast to 2024
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The major factors driving the growth of this market are increasing prevalence of hernia surgeries, healthcare awareness in patients suffering from hernia, technological advancement and increasing expenditure by major companies. On the other hand, high cost of hernia surgery and Problems related with hernia mesh repair surgery hinders the market growth. The synthetic mesh market in the Asia-Pacific region is leading in Japan.
Market Segmentation: Asia-Pacific Hernia Mesh Repair Devices Market
The Asia-Pacific hernia mesh repair devices market is segmented on the basis of product type, and hernia type. On the basis of product type, the Asia-Pacific hernia mesh repair devices market is segmented into biological mesh and synthetic mesh. In 2017, synthetic mesh is expected to dominate the Asia-Pacific hernia mesh repair devices market with 63.96% market share and is expected to reach USD 745.15 million by 2024, growing with a CAGR of 4.9% in the forecast period 2017 to 2024.
On the basis of hernia type, the Asia-Pacific hernia mesh repair devices market is segmented into inguinal hernia, incisional hernia, umbilical hernia, femoral hernia, hiatal hernia, parastomal hernia and others. In 2017, inguinal hernia is expected to dominate the Asia-Pacific hernia mesh repair devices market with 71.6% market share and is expected to reach USD 849.86 million by 2024, growing at a CAGR of 5.2% in the forecast period 2017 to 2024.
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Key Drivers: Asia-Pacific Hernia Mesh Repair Devices Market
Asia-Pacific hernia mesh repair devices market is increasing prevalence of hernia surgeries, healthcare awareness in patients suffering from hernia, technological advancement and increasing expenditure by major companies.
Key Points: Asia-Pacific Hernia Mesh Repair Devices Market
Asia-Pacific hernia mesh repair devices market is dominated by JOHNSON & JOHNSON SERVICES, INC, followed by Medtronic and B. Braun Melsungen AG.
Synthetic Mesh segment is expected to dominate the Asia-Pacific hernia mesh repair devices market.
The hernia mesh repair devices market in the Asia-Pacific region is leading in Japan, China, India and South Korea. Japan accounts for the highest market share in this region.
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