Hernia Mesh Devices Market size is anticipated to exhibit a healthy CAGR from 2023 to 2032, owing to the increasing incidences of hernia and the proven benefits of hernia mesh devices in alleviating pain and limiting the recurrence of the given abnormality.
According to statistics, different types of hernia mesh products are utilized in almost 90% of surgeries annually in the United States. These devices are used to support damaged tissue around hernias as they heal and are usually placed around the area surrounding the hernia, further attaching it with glue, staples, or stitches. The pores in the mesh enable the progress of tissues into the device.
The introduction of favorable reimbursement policies across several countries and the increasing penetration of health insurance is anticipated to favor hernia mesh devices market gains over the next ten years. Besides, a noticeable rise in R&D investments and initiatives undertaken by leading market players to introduce novel technological innovations will further enhance hernia mesh device sales through 2032.
However, the worsening inflation across the globe in association with the Russia-Ukraine crisis has severely diminished product demand and disrupted the overall industry value chain. The destruction of several healthcare facilities in Ukraine has taken a huge toll on the healthcare sector in the country. Besides, the declining economic expansion has limited people's expenditure on healthcare which may further lead to sluggish market growth during the estimated timeframe.
With respect to the mesh type, the hernia mesh devices market share from the biologic mesh segment is estimated to grow substantially between 2023 and 2032. The segmental gains can be attributed to a remarkable uprise in comparative studies focused on assessing the feasibility of biological mesh over synthetic mesh in various procedures.
For instance, the Cleveland Clinic recently conducted a study comparing the cost-effectiveness, efficacy, and safety of biological prosthetics and synthetic mesh for the purpose of repairing ventral hernias in the setting of contaminated and clean-contaminated surgical procedures. The findings of this study are expected to have a noticeable impact on the area of hernia surgery, given that it will offer an objective guide to mesh selection.
Based on the target disease, the hernia mesh devices market size from the inguinal hernia mesh segment is expected to register substantial growth through 2032. This is because while surgical procedures are not always required, hernias do not generally depict improvement without them. However, in some cases, if a hernia is left untreated, this can be life-threatening. This has led to an increase in the performance of numerous hernia mesh surgeries, boosting product adoption in the coming years. Common symptoms of an inguinal hernia include a groin area bulge and pressure, pain, or aching at the bulge, particularly when coughing, bending, or lifting.
From a regional perspective, the North America hernia mesh devices industry is projected to record an appreciable valuation by 2032, owing to an increase in regulatory clearances for the rollout of numerous products. Furthermore, the improved healthcare infrastructure and an increased cognizance of the benefits of timely diagnosis and treatment will create a favorable revenue outlook for the regional industry.
Leading players in the hernia mesh devices market are Ethicon Endo-Surgery, Hitech Equipments Company, Maquet Holding, C. R. Bard, Sutures India, Dipromed, Transeasy Medical, W.L Gore & Associates, and others.