Market Dynamics
Increasing incidence of hernia is one of the major factors responsible for growth of global hernia mesh devices market. According to the National Center for Biotechnology Information (NCBI) 2017, abdominal hernias are quite common in the U.S. and reported to occur in 1.5% of the total population of the country, which accounts for one case per 15,000 people. Moreover, the National Center for Health Statistics 2015 suggests that over 20 million surgeries for hernia repair are performed worldwide, every year, as well as 3 million new cases are reported each year suffering from hernia. Moreover, adoption of minimally invasive laparoscopic techniques for hernia repair is further expected to propel growth of global hernia mesh devices market. According to National Institute of Health Care and Excellence, around 95% of hernia mesh surgeries in England were performed by open surgical procedures and 5% by laparoscopic methods in 2000. However, the adoption of laparoscopic surgeries was reported to increase by 20% by 2011 and expected to witness further rise in the near future. Furthermore, advantages offered by mesh includes prevention of recurring, non-reactivity with the biological tissues, and easy access and these are factors expected to support growth of market in the forecast years. On the other hand, unfavorable reimbursement policies for these procedures and meshes by the Medicare is expected to hinder the market growth. For instance, according to Medicare Reimbursement Coding Guide for 2017, for hernia & abdominal wall repair surgery, laparoscopy was not reimbursed in ambulatory surgical centers.
Hernia Mesh Devices Market Report Snapshots
Joining thousands of companies around the world committed to making the Excellent Business Solutions.
View All Our Clients