Hernia Mesh Devices Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Hernia Mesh Devices Market is estimated to be USD 3.51 billion in 2016 and predicted to rise to USD 4.09 billion by 2021 with a CAGR of 3.1%. The market is segmented by Hernia Type (Inguinal, Incisional, Femoral, Umbilical), and by Product Type (Synthetic Mesh, Biologic Mesh). Further the market is geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
The growth of the Global Hernia Mesh Devices Market is driven by factors such as increasing incidence of obesity, which is a result of lack of physical activity and an unhealthy diet. Furthermore, excessive physical activity and the growing geriatric population are set to boost market growth in the future. However, strict regulation of product approval, the availability of alternative treatment techniques for hernia damage repair and the high incidences of mesh failure and resulting chronic pains are projected to be the major restraints of market growth.
Based on product type, the synthetic hernia mesh devices segment holds the majority stake of the market due to rapid technological advancements in the segment. The biologic mesh devices are a new introduction in the market and hence own significantly lower market share. Further, one of the main reasons for this could also be the huge price difference between synthetic mesh and biological mesh. Biological mesh is expensive, due to which, in spite of very small share in terms of volume, it captured fairly larger share in terms of value.
North America leads the market in 2016, with the U.S. accounting for a major share. This can be attributed to high awareness and deep market penetration in the market. Europe comes in second. The Asia-Pacific market is estimated to expand at the highest growth rate during the forecast period owing to high incidence of obesity and hernia damage resulting from a huge population base, coupled with increasing disposable incomes in the region. Middle-East and Africa are expected to witness market growth due to increase in the frequency of obesity cases, growing awareness and the availability of vast untapped markets.
The key companies in the global hernia mesh devices market include Medtronic (U.S.), Ethicon, Inc. (U.S.), C.R. Bard, Inc. (U.S.), Atrium (Sweden), W.L. Gore & Associates (Germany), Lifecell Corporation (U.S.), and B. Braun Melsungen AG (Germany).
Browse through the full report at Hernia Mesh Devices Market @ https://www.marketdataforecast.com/market-reports/hernia-mesh-devices-market-7532/
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