North America Hernia Mesh Market (By Hernia Type (Inguinal, Incisional, Femoral, Umbilical), Product Type (Synthetic Mesh, Biologic Mesh) - Forecasts to 2021
Hernia mesh is used for closing the weak spot present in the muscle through which the intestinal content is protruding. The hernia mesh covered in this report are categorized into two segments, namely the biological mesh and synthetic mesh. Synthetic mesh is further segmented into synthetic absorbable mesh, synthetic composite mesh, and synthetic non-absorbable mesh according to the absorbance of mesh and into flat synthetic mesh, and 3D synthetic mesh according to the structure of mesh.
Factors driving the demand for hernia mesh are the Sedentary Lifestyle, Inconvenience Caused by Invasive Methods, and Increasing Aging Population has triggered the market.
Furthermore, hernia mesh manufacturers are becoming increasingly focused on launching products. In March 2014, Covidien (Covidien is now Medtronic minimally invasive therapies) launched the Symbotex composite mesh in the U.S. market. This easy-to-use product offers optimal repair capabilities. The mesh secured U.S. FDA clearance in August 2013. Medtronic Holds largest share in North America hernia mesh market in 2014.
The North America hernia mesh market is expected to register a CAGR of 1.8% between 2016 and 2021. The Synthetic mesh segment and biological mesh segment both accounted for the largest share; i.e. 50% of the overall hernia mesh market in 2015. Synthetic mesh segment is expected to grow at a CAGR of 0.4% for the forecast period from 2016-2021. But Synthetic mesh is going to lose its dominance in market and by 2020 biological mesh are expected to capture major market share. Biological mesh market in North America is growing at the CAGR of 3.0%.
In-depth Market share analysis, by revenue, of the top companies is also included in the report. These numbers are arrived at, based on key facts, annual financial information from SEC filings, Annual reports and interviews with industry experts, key opinion leaders such as CEOs, directors, and marketing executives. Top market players that have established their base in the North America hernia mesh are 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), and other companies.
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