2024 Hernia Mesh Devices Market Summary: 5 Key Findings
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What is the Expected Growth Rate of the Hernia Mesh Devices Market from 2024 to 2033?
The hernia mesh devices market grew from $4.02 billion in 2023 to $4.28 billion in 2024 at a CAGR of 6.4%. Growth was influenced by clinical acceptance, an aging population, hospital infrastructure, respiratory disorder increases, and clinical guidelines.
The hernia mesh devices market is projected to grow strongly, reaching $5.23 billion in 2028 at a CAGR of 5.2%. The growth is attributed to homecare settings, chronic disease prevalence, and a shift toward non-invasive therapies. Trends include portable HFNC devices, smart technology integration, and non-invasive ventilation strategies.
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What Key Factors Are Fueling the Growth of the Hernia Mesh Devices Market?
The increasing number of hernia repairs is anticipated to fuel the hernia mesh devices market. Hernia mesh devices are often used to prevent recurrence and improve outcomes in hernia repair surgeries. A report from the National Library of Medicine in August 2023 revealed that approximately 800,000 inguinal hernia repairs are performed annually in the U.S. Therefore, the rising frequency of hernia repairs is propelling the market for hernia mesh devices.
What Are the Major Segments of the Hernia Mesh Devices Market?
1) By Mesh Type: Biologic Mesh, Synthetic Mesh
2) By Procedure: Open Surgeries, Laparoscopic Surgeries, Robotic Surgeries
3) By Hernia Type: Incisional Hernia, Umbilical Hernia, Inguinal Hernia, Femoral Hernia, Other Hernia Types
4) By End User: Hospitals, Clinics, Ambulatory Surgical Centers, Other End Users
What New Trends Are Transforming the Hernia Mesh Devices Market?
Major companies in the hernia mesh devices market are introducing innovations like the GORE SYNECOR Intraperitoneal Biomaterial to reduce complications and improve patient outcomes. In February 2021, W.L. Gore & Associates Inc. launched this tri-layer hybrid biomaterial for ventral hernia treatments requiring intraperitoneal bridging. The material, with a bioabsorbable foam layer and a microporous weave, is designed to enhance the success of repairs in difficult-to-treat patients and has contributed to the company’s innovation leadership.
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Which Regions Are Driving Growth in the Hernia Mesh Devices Market?
North America was the largest region in the hernia mesh devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hernia mesh devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Hernia Mesh Devices Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the hernia mesh devices market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Hernia Mesh Devices Market Include
1. Hernia Mesh Devices Market Executive Summary
2. Hernia Mesh Devices Market Segments
3. Hernia Mesh Devices Market Size And Template Market Growth Rate
4. Key Hernia Mesh Devices Market Trends
5. Major Hernia Mesh Devices Market Drivers
……
25. Key Mergers And Acquisitions In The Hernia Mesh Devices Market
26. Top Hernia Mesh Devices Companies
27. Hernia Mesh Devices Market Opportunities And Strategies
28. Hernia Mesh Devices Market, Conclusions And Recommendations
29. Appendix
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