Global Hernia Mesh Repair Devices Market is expected to reach USD 5,952.26 million by 2024

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Hernia Mesh Repair Devices Market Size Global
Industry Share, Trends and Forecast to 2024
The Global Hernia Mesh Repair Devices Market by
Product Type (Synthetic Mesh, Biologic Mesh), By
Hernia Mesh (Inguinal Hernia, Incisional Hernia,
Umbilical Hernia, Femoral Hernia, Hiatal Hernia,
Parastomal Hernia, Others), By Geography (North
America, Europe, APAC, South America, Middle East
and Africa) Industry Trends and Forecast to
2024 Global Hernia Mesh Repair Devices Market is
expected to reach USD 5,952.26 million by 2024
from USD 4,170.27 million in 2016, at a CAGR of
5.6. The new market report contains data for
historic years 2015, the base year of calculation
is 2016 and the forecast period is 2017 to 2024.
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Report Factors
The factors such as increasing number of hernia
surgeries, increasing prevalence of hernia
diseases, increasing demand for advanced meshes
and technological advancements are driving the
growth of market. On the other hand, high cost of
hernia surgery and problems related with hernia
mesh repair surgery may hinder the growth of the
market.
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Market Segmentation
The global hernia mesh repair devices market is
segmented on the basis of product type and hernia
type. On the basis of product type, global hernia
mesh repair devices market is segmented into
synthetic mesh and biologic mesh. In 2017,
synthetic mesh segment is expected to dominate
the global hernia mesh repair devices market with
62.7 market share and is expected to reach USD
3,623.48 million by 2024, with a CAGR of 4.2 in
the forecast period 2017 to 2024.
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Market Segmentation
On the basis of hernia type, global hernia mesh
repair devices market is segmented into inguinal
hernia, incisional hernia, umbilical hernia,
femoral hernia, hiatal hernia, parastomal hernia
and others. In 2017, inguinal hernia segment is
expected to dominate the global hernia mesh
repair devicess market with 71.5 market share
and is expected to reach USD 4,216.58 million by
2024, with a CAGR of 4.5 in the forecast period
2017 to 2024. Based on geography, the market is
segmented into 5 geographical regions, North
America, Europe, Asia-Pacific, South America and
Middle East and Africa.
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Key Drivers

• Some of the major factors driving the market for
  factors such as increasing number of hernia
  surgeries, increasing prevalence of hernia
  diseases, increasing demand for advanced meshes
  and technological advancements are driving the
  growth of market.
• High cost of hernia surgery and problems related
  with hernia mesh repair surgery may hinder the
  growth of the market.

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Key Points

• Global hernia mesh repair devices market is
  dominated Medtronic, followed by JOHNSON
  JOHNSON SERVICES, INC, Medtronic and B. Braun
  Melsungen along with others such as C R BARD
  INC., W L GORE ASSOCIATES INC, ATRIUM, ACELITY
  L.P. INC, and others.
• The global nasal packing market is expected to
  reach USD 3,623.48 million by 2024, from USD
  2,627.12 million in 2016, growing at a CAGR of
  4.2.
• The global inguinal hernia mesh repair devices
  market is expected to reach USD 4,216.58 million
  by 2024, from USD 2,987.61 million in 2016,
  growing at a CAGR of 4.5.

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