Hernia Mesh Devices Market Introduction
Hernia mesh devices are medical implants used for repairing hernias, which occur when an organ or tissue pushes through a weakened spot in the surrounding muscle or tissue. Hernia mesh devices are used to provide support to the weakened tissue, preventing the hernia from recurring.Hernia mesh devices are made from a variety of materials, including synthetic polymers, animal tissue, and metals. They can be used for both open and minimally invasive hernia repair procedures.The global hernia mesh devices market has been growing steadily in recent years due to the increasing incidence of hernias, the growing aging population, and the increasing demand for minimally invasive procedures. Additionally, technological advancements in hernia mesh devices and the growing healthcare expenditure in developing countries are also expected to drive the growth of the market in the coming years.
Hernia Mesh Devices Market Size
The global hernia mesh devices market size was valued at approximately USD 3.8 billion in 2020 and is expected to grow at a CAGR of around 3.5% during the forecast period of 2021-2028. The market growth is attributed to factors such as the increasing prevalence of hernia, rising geriatric population, increasing preference for minimally invasive surgeries, and technological advancements in hernia mesh devices. Additionally, the growing demand for hernia repair procedures in emerging economies is also expected to contribute to the growth of the market. The COVID-19 pandemic has also impacted the market, with a decrease in elective surgeries in the initial stages, but the market is expected to recover as the situation normalizes
Hernia Mesh Devices Market Share
The global hernia mesh devices market is highly fragmented, with several key players operating in the market. The market share is distributed among various players, including:
- Medtronic plc
- Johnson & Johnson
- B. Braun Melsungen AG
- C.R. Bard, Inc.
- W.L. Gore & Associates, Inc.
- Ethicon, Inc.
- Cook Medical
- LifeCell Corporation
- Atrium Medical Corporation
- Maquet Holding B.V. & Co. KG.
Medtronic plc and Johnson & Johnson are the dominant players in the market, accounting for a significant share of the market. However, smaller players are also gaining market share by introducing innovative products and expanding their market presence.The market share of each player varies depending on factors such as product portfolio, distribution channels, and geographic presence. These players are focusing on product development, strategic partnerships, and mergers and acquisitions to expand their market presence and increase their share in the global hernia mesh devices market.
Hernia Mesh Devices Market Trends
Some of the key trends in the hernia mesh devices market are:
- Increasing demand for minimally invasive procedures: There is a growing preference for minimally invasive hernia repair procedures as they offer several advantages, including shorter hospital stays, faster recovery times, and reduced post-operative pain. As a result, there is an increasing demand for hernia mesh devices that can be used in minimally invasive surgeries.
- Technological advancements in hernia mesh devices: There have been significant technological advancements in hernia mesh devices, including the use of biodegradable materials, new designs, and coatings that reduce the risk of infections. These advancements are aimed at improving the safety and efficacy of hernia repair procedures.
- Rising geriatric population: The global population is aging, and the prevalence of hernias increases with age. As a result, there is a growing demand for hernia mesh devices as the geriatric population is expected to continue to increase in the coming years.
- Growing demand for synthetic mesh: Synthetic hernia mesh devices are widely used in hernia repair procedures due to their ease of use and low cost. There is a growing demand for synthetic mesh devices due to their advantages over other materials.
- Increasing focus on product development: Key players in the market are focusing on developing new products and expanding their product portfolios to remain competitive in the market. There is a significant focus on developing hernia mesh devices that are safer, more effective, and easier to use than existing products.
- Growing awareness about hernia mesh-related complications: In recent years, there has been growing awareness about the potential complications associated with hernia mesh devices, such as chronic pain, infections, and mesh migration. As a result, there is a growing demand for safer and more effective hernia mesh devices that reduce the risk of complications.
Hernia Mesh Devices Market Driving factors
The global hernia mesh devices market is driven by several factors, including:
- Increasing prevalence of hernia: The global prevalence of hernia is increasing, which is driving the demand for hernia mesh devices. The increasing prevalence of obesity, smoking, and other lifestyle factors is contributing to the rise in hernia cases worldwide.
- Technological advancements in hernia mesh devices: The development of advanced hernia mesh devices, such as those made of biodegradable materials, is driving the growth of the market. These devices are designed to improve patient outcomes and reduce the risk of complications associated with hernia repair procedures.
- Growing demand for minimally invasive surgeries: There is a growing demand for minimally invasive hernia repair surgeries, which is driving the adoption of hernia mesh devices. These devices enable surgeons to perform hernia repair procedures with smaller incisions, resulting in reduced pain, faster recovery times, and shorter hospital stays.
- Rising geriatric population: The global population is aging, and the incidence of hernias increases with age. The growing geriatric population is driving the demand for hernia mesh devices, as this age group is more susceptible to hernias and other related conditions.
- Increasing healthcare expenditure: The increasing healthcare expenditure, especially in emerging economies, is driving the growth of the hernia mesh devices market. This is due to the increasing demand for advanced medical devices and surgical procedures to treat hernias and other related conditions.
- Favorable reimbursement policies: The favorable reimbursement policies in several countries, especially in developed economies, are driving the growth of the hernia mesh devices market. This is because the cost of hernia repair procedures and related medical devices is covered by insurance, making these procedures more accessible to patients.
- Growing awareness about hernia-related complications: The growing awareness about the potential complications associated with hernia repair procedures is driving the demand for safer and more effective hernia mesh devices. This is driving the development of advanced hernia mesh devices that reduce the risk of complications, such as chronic pain and mesh migration.
Hernia Mesh Devices Market Reginal Analysis
The global hernia mesh devices market can be segmented into several regions, including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.North America dominates the hernia mesh devices market due to the high incidence of hernia in the region, along with the presence of advanced healthcare infrastructure and favorable reimbursement policies. Europe is the second-largest market for hernia mesh devices, driven by the growing geriatric population and increasing healthcare expenditure.The Asia Pacific region is expected to witness significant growth in the hernia mesh devices market due to the increasing prevalence of hernia and the growing demand for minimally invasive surgical procedures in the region. The region also has a large population base, which is driving the demand for advanced medical devices and surgical procedures.Latin America and the Middle East & Africa are also expected to witness significant growth in the hernia mesh devices market due to the increasing healthcare expenditure and growing awareness about hernia-related complications in these regions. However, the market in these regions may be hindered by the lack of advanced healthcare infrastructure and limited access to healthcare services in some areas.Overall, the global hernia mesh devices market is expected to witness significant growth in the coming years, driven by the increasing prevalence of hernia, technological advancements, and growing demand for minimally invasive surgical procedures.
Hernia Mesh Devices Market Forecasts 2030
The global hernia mesh devices market is expected to continue growing at a significant rate and is projected to reach USD 4.1 billion by 2030, with a CAGR of 4.8% during the forecast period from 2021 to 2030.The demand for hernia mesh devices is expected to increase due to the growing prevalence of hernia and the increasing demand for minimally invasive surgical procedures. The use of hernia mesh devices is becoming increasingly popular due to their ability to reduce the risk of complications associated with hernia repair procedures, such as chronic pain and mesh migration.North America is expected to remain the largest market for hernia mesh devices due to the high incidence of hernia in the region, advanced healthcare infrastructure, and favorable reimbursement policies. Europe is expected to remain the second-largest market, driven by the growing geriatric population and increasing healthcare expenditure.The Asia Pacific region is expected to witness significant growth in the hernia mesh devices market due to the increasing prevalence of hernia and the growing demand for minimally invasive surgical procedures. The market in Latin America and the Middle East & Africa is also expected to grow, driven by the increasing healthcare expenditure and growing awareness about hernia-related complications in these regions.Overall, the hernia mesh devices market is expected to continue growing as a result of increasing demand for safe and effective hernia repair procedures, along with technological advancements and favorable reimbursement policies in several countries.
Hernia Mesh Devices Market Key Industry Players
Some of the key industry players in the hernia mesh devices market include:
- Medtronic plc
- Ethicon, Inc. (Johnson & Johnson)
- B. Braun Melsungen AG
- Atrium Medical Corporation (Maquet Getinge Group)
- W. L. Gore & Associates, Inc.
- Cook Medical
- C. R. Bard, Inc. (Becton, Dickinson and Company)
- Integra LifeSciences Corporation
- Baxter International Inc.
- Herniamesh S.r.l.
These companies are constantly innovating to improve their product offerings and gain a competitive edge in the market. They are also engaged in strategic partnerships, collaborations, mergers, and acquisitions to expand their market presence and strengthen their product portfolio.