Advancements in technology, rising use of meshes in the surgeries, and increasing geriatric population would drive market growth

The global hernia mesh market size is expected to reach USD 6.28 Billion in 2028 and register a revenue CAGR of 2.8% over the forecast period, according to a latest report by Reports Data. A major factor driving market revenue growth is rapid adoption of meshes in the surgeries due to its benefits. Hernia mesh is a medical device which is implanted into the groin, upper stomach, or abdomen of the patient undergoing hernia surgery. Mesh minimizes fibrosis, the chance of nerve entrapment and the formation of seroma.

Ongoing research and development activities, and private investments on health care sector positively affect the market growth over the forecast period. The rising automation trend has been resulting in rapid adoption of robots in the healthcare industry in the field of gynecology, and allows provision of treatment of more complex cases. This factor opens up new and more lucrative opportunities for players operating in the global hernia mesh market.

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Market Overview:

The World Health Organization (WHO) declared the severe acute respiratory syndrome novel coronavirus 2 (SARS-CoV-2) outbreak in Wuhan, China, as a worldwide pandemic in December 2019. SARS-CoV-2 infection is classified as a novel coronavirus disease by the WHO. COVID-19 has infected more than 150 million people worldwide, resulting in more than 3 million deaths. COVID-19 has had a big influence on the healthcare business, causing major disruptions throughout the supply chain, from raw materials to manufacture and delivery. The global demand for medical ventilators has prompted manufacturers to increase demand by up to 40% to 50%. Producers have also collaborated in order to meet rising demand. Governments and a variety of organisations, as well as other industry personnel, are all working hard to address the global problem. Leading personnel are active in research and development operations, strategic alliances and collaborations, and creative product releases in order to meet consumer demands for pharmaceuticals, vaccines, diagnostics, and medical equipment such as ventilators. Without a doubt, this is the first time in contemporary history that the diagnostics industry has been given such prominence. Participants in the healthcare business have abruptly shifted from under the carpet to above the carpet's demand. The world has acknowledged the necessity for early warning systems in the healthcare sector, currently for COVID-19, but this pattern will continue in the future for other sorts of diagnostics.

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Key Players covered in this report are

Covidien, United Surgical, Dolphin Sutures, Transeasy Medical Tech, Baxter International, W.L Gore Associates Inc., Dipromed Srl, BioCer Entwicklungs, Sutures India Private Limited, and Hitech Equipments Company.

Based on Product Type market is segmented into:

Hernia Type Outlook (Revenue, USD Billion; 2020 – 2028)

• Inguinal Hernia
• Incisional Hernia
• Femoral Hernia
• Others

Mesh Type Outlook (Revenue, USD Billion; 2020 – 2028)

• Biological Mesh
• Synthetic Mesh

Synthetic Structure Type Outlook (Revenue, USD Billion; 2020 – 2028)

• Absorbable Mesh
• Non-Absorbable Mesh

Synthetic Product Type Outlook (Revenue, USD Billion; 2020 – 2028)

• Flat Mesh
• 3D Mesh

End-Users Outlook (Revenue, USD Billion; 2020 – 2028)

• Ambulatory Surgical Centers
• Clinics
• Hospitals

Based on Region market is segmented into:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East Africa

Some Key Highlights in the Report:

• The transplantation segment accounted for the largest revenue share in 2020 due to rising demand for transplant products such as tissue products, immunosuppressant, and solutions for organ preservation.
• Hernia type segments include inguinal hernia, incisional hernia, femoral hernia, and others. Among these, the femoral hernia segment accounted for largest revenue share in 2020 due to the wider shape of the female pelvis.
• On the basis of mesh type, the market report is segmented into biological mesh, and synthetic mesh. Among these, the biological mesh segment is expected to register a significantly rapid revenue CAGR during the forecast period.
• On the basis of synthetic structure type, the market report is segmented into absorbable mesh, and non-absorbable mesh. The absorbable mesh segment is expected to register largest revenue share over the forecast period as large pores in the mesh allow faster soft tissue ingrowth, lower foreign body reaction, thus resulting in the formation of a flexible scar.
• On the basis of synthetic product, the market report is segmented into flat mesh, and 3D mesh. Among these, the flat mesh segment is expected to register a significantly rapid revenue CAGR during the forecast period. Surgeons generally use self-gripping flat meshes to avoid fixation stitches and also reduce operative time.
• Revenue from North America hernia mesh market is projected to account for a significantly larger revenue share and dominate other regional markets over the forecast period. This can be attributed to rapid technological advancements and high adoption of surgical meshes as a treatment option.

We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central South America, Brazil, Argentina, Rest of South America, Middle East Africa, Saudi Arabia, Turkey, Rest of Middle East Africa