Hernia Mesh Devices Market worth 3.73 Billion USD by 2020


Posted March 17, 2016 by mmvaidya01

The global hernia mesh devices market is estimated to grow at a CAGR of 2.0%, from 2015 to 2020, to reach a market size of USD 3.73 Billion by 2020.

 
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The global hernia mesh devices market report defines and segments the concerned market in four regions with analysis and forecast of revenue.

An estimated around 10.9 million hernia repair surgeries were performed globally in 2014, and this number is projected to reach ~12 million by 2020, increasing at a compound annual growth rate of 1.8% from 2015 to 2020. Presently, there are two treatment options available – hernia repair surgeries using sutures, and hernia repair surgeries using mesh.

Since treating hernia using sutures is less costly as compared to that of by using mesh, therefore even though using suture for treating hernia puts pressure on the tissues and chances of reoccurrence of hernia are high, patients from poor and developing countries prefer opting for hernia repair using sutures instead of mesh. Therefore, presently developed regions and countries are major revenue pockets for hernia mesh. In 2014, America accounted for the largest share of global hernia mesh market in terms of market value, followed by Europe and APAC.

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Increasing aging population and sedentary lifestyle are the major factors which are driving this market. According to the United Nations Population Division estimates, in 2015, 601 million people were above 65, which is projected to reach 714 million by 2020. The elderly are more susceptible to hernia. For example, according to a registered study from the U.K., the prevalence of hernia increased with age from 5% in the age group 25 to 34 years, through 10% in the age group 35 to 44 years, 18% in the age group 45 to 54 years, 24% in the age group 55 to 64 years, 31% in the age group 65 to 74 years, and 45% among men aged 75 years and over. According to the European cardiovascular disease statistics, smoking remains a major public health issue in Europe. The percentage of women smokers in Europe has radically increased, and this number is almost equivalent to men and physical inactivity is more common among women than men. This and other factors lead to obesity, which gives rise to hernia and increases chances of its reoccurrence and other serious disorders. This factor increases the patient pool of hernia.

Since APAC has a large population, it benefits in terms of a huge patient pool. In 2014, around 62% of total number of hernia repair procedures performed worldwide were in APAC, which shows huge potential of this region. Presently, around only 50% of these patient goes for hernia repair using mesh, but in future this percent will increase due to increasing awareness regarding invasive hernia repairing which may result in infection, bleeding, and increased duration of hospitalization. In cases where mesh is used, surgery is minimally invasive and less painful. Using mesh to treat hernia reduces risk of reoccurrence of hernia. Due to these factors, APAC hernia mesh market is expected to grow at the highest CAGR as compare to other regions from 2015 to 2020.

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Due to very high prices of biological meshes, they are not able to penetrate markets in Asian countries. America held the largest share of hernia mesh devices market in 2014 and is expected to continue its dominance by 2020.

Top market players that have established their base in the global hernia devices market are Medtronic (U.S.), Ethicon, Inc. (U.S.), C.R. Bard, Inc. (U.S.), Atrium (Sweden), W.L. Gore & Associates (Germany), LifeCell Corporation (U.S.), B. Braun Melsungen AG (Germany), and other companies.

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Issued By Makarand Vaidya
Country India
Categories Health , Research , Science
Tags hernia mesh , hernia mesh devices , hernia mesh devices market
Last Updated March 17, 2016