Hernia Mesh Devices Market size is anticipated to value at USD 5.03 billion by 2025. The market is subject to witness a substantial growth due to the rise in the occurrence of hernia, and cost-effectiveness of the treatment associated with it. Some of the key factors responsible for the growth of the market are rise in the use of meshes, cost-effectiveness, and minimum pain during the treatment, lower operational time, and easy accessibility of these devices in the market. Globally, the market is predicted to grow at CAGR of 2.8% in forecast period, providing numerous opportunity for market players to invest for research and development in the hernia mesh devices industry.
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Market Synopsis of Hernia Mesh Devices Market:
The adoption of hernia mesh
enables a favorable scenario in which patients opt for open or laparoscopic
procedures. Hernia mesh also provide patients with easy accessibility to
detail-oriented reimbursement ratios via governmental agencies and market players.
The reimbursement codes and ratios are directly related to the type of hernias
such as primary and recurrent hernia, coupled with different methods of surgery
similar to open and laparoscopic.
Hernia is a medical condition
that results in aligning of abdomen swelling into a small case because of the
bad condition of abdominal muscles. Increase in smoking, coupled with other
factors such as poor nutrition, hereditary disorders, and changing food
patterns are leading causes of rising incidence of hernias, thus propelling the
demand for hernia mesh devices market.
The hernia disorders are more
prevalent among smoking population due to constant coughing. Occurrence of the
hernia in smoking population is four times higher as that of normal patients.
Adoption of hernia meshes decreases operational and recovery period, which in
turn serves as a critical factor for increasing preference towards hernia
meshes, thus contributing significantly to the growth of hernia mesh devices
industry in recent years. Additionally, some of the vital benefits offered with
the use of hernia meshes include reduction in recurrence and alleviated pain,
thus propelling growth of the market over the forecast period.
Substantial investment by
regional governments and privately-owned institutions in research and
development of the hernia meshes are likely to produce vital result in near
future. The R&D in the market of hernia mesh devices is majorly attributed
to fulfill patient demands and offer ease during the treatment. Such factors are
fueling the market expansion of hernia mesh devices in coming years.
The hernia mesh device market is
categorized into three main types on the basis of target disease such as
inguinal, incisional, and femoral. Inguinal hernia is considered as one of the
fasted growing segments with highest revenue generation in the forecast period.
Incidences related to the inguinal hernia are ten times more frequent in men as
compared with women, making repair expenditure mandatory.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Hernia Mesh Devices:
Market Variables, Trends & Scope
Chapter 4 Hernia Mesh Devices:
Product Estimates & Trend Analysis
Chapter 5 Hernia Mesh Devices:
Application Estimates & Trend Analysis
Chapter 6 Hernia Mesh Devices:
End-use Estimates & Trend Analysis
Chapter 7 Hernia Mesh Devices:
Industrial End-use Estimates & Trend Analysis
Chapter 8 Hernia Mesh Devices:
Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Hernia Mesh Devices:
Manufacturers Company Profiles
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