Top Emerging Trends Of Hernia Mesh Devices Market Progress Forecast 2030 |Grand View Research, Inc.Posted by Mrudula Anil Karmarkar on March 17th, 2023 The global hernia mesh devices market is expected to reach USD 8.3 billion by 2030, registering a CAGR of 6.54% during the forecast period, according to a new report by Grand View Research, Inc. The market is expected to develop during the forecast period owing to an increase in the incidence of hernias, and high adoption of meshes in surgeries due to the factors such as cost-effectiveness, reduced pain, decreased operative time, and high availability of products in the market. The reimbursement scenario for hernia mesh devices is favorable, which encourages patients to opt for open or laparoscopic surgery. Patients have easy access to detailed reimbursement codes and ratios, which are made available by the government and industry players. The codes are granulated to types of hernias, (primary or recurrent) and the method of surgery (open or laparoscopic). Furthermore, technological advancements and new product launches are predicted to drive overall market growth. In March 2020, Johnson & Johnson’s Ethicon wins a lawsuit against polypropylene hernia mesh. This mesh showed significant medical complications and damage when implanted in women’s bodies. In November 2022, BD received U.S. FDA approval for a hernia repair device called Phasix ST Mesh with Echo 2 removal positioning system. This device was launched to repair an abdominal hernia. In addition, the introduction of biologic allograft mesh that has a fast recovery rate and minimizes post-surgery pain as compared to other options is another factor predicted to enhance the growth of the hernia repair devices market during the forecast period. High incidence of hernia across the globe and improved patient outcomes by using meshes, that reduce operative and recovery time, are some of the factors predicted to augment the market growth. Some of the advantages of using meshes in hernia repair include alleviated pain and reduced chances of recurrence which are expected to accelerate the market growth. Advancements such as self-fixating meshes and articulating fixation are likely to overcome the issues, which makes it a key factor for the growth in the adoption of hernia mesh devices. Smoking, poor nutrition, genetic factors, and changes in lifestyle are some of the factors contributing to the elevated incidence of hernias. High incidence of hernia globally and improved patient outcomes by using meshes, which reduce operative and recovery time, are some of the factors contributing to the growth. According to the U.S. FDA, more than a million hernia repairs are performed in the U.S. of which 800, 000 procedures are inguinal repairs. The prevalence of these hernias is high in developing countries with almost 0.95 million procedures being performed annually. To Request Sample Copy of this report, click the link: https://www.grandviewresearch.com/industry-analysis/hernia-mesh-devices-market/request/rs1 High incidence rate of hernia is creating demand for efficient hernia mesh devices, which is expected to be responsible for market growth. Furthermore, some of the advantages of using meshes in hernia repair are reduced chances of recurrence and alleviated pain, which is expected to accelerate market growth. COVID-19 had a substantial impact on the hernia mesh devices market. In February 2022, the proportion of emergency repairs and operations was approximately 2.5% for inguinal hernias and 5.9% for incisional & umbilical hernias. In mid-March 2020, an announcement was made by the German government to stop elective surgical interventions. In addition, the number of hernia repairs registered by Herniamed during March 2020 was reduced substantially. The lowest cases of hernia repair were registered in April 2020, during which, hernia repair surgeries were equivalent to about 25% of those conducted from February to June 2022. Hernia Mesh Devices Market Report Highlights
With the gradual decrease in COVID-19 cases after May 2020, restrictions executed on overall elective surgery across German hospitals were lifted, resulting in an increase in number of elective hernia repairs. Despite normalization of hospitalization policies in Germany, the caseload of hernia repairs in June 2020 was considerably lower than that in June 2022. Technological advancements in hernia mesh devices have rapidly increased in recent years. Advancements such as articulating fixation devices and self-fixating (gripping) mesh are developed in order to overcome the problems occurring during the laparoscopic process. Also, such devices offer surgeons with better access to weak spots within the abdominal wall and enable them to securely place mesh at the desired body site, fostering the market growth. Furthermore, several market players are aiming at developing and manufacturing highly-flexible and self-fixation hernia meshes where the mesh can be fixed at the hernia site without the usage of any glue or staples owing to the emergence of micro-grip adherence technology. List of Key Players in Hernia Mesh Devices Market
Like it? Share it! More by this author |