In its latest report on ‘Bioabsorbable Surgical Mesh Market’, Persistence Market Research provides a concise analysis on the recent market trends. The report further includes statistics, market forecasts and revenue estimations, that in addition highlights its status in the competitive domain as well as expansion trends adopted by major industry players.
Surgical mesh is a woven or no-woven sheet which is used as either permanent or temporary support for organ and tissue. Bioabsorbable surgical mesh is used for temporary support or dissolves over time. The bioabsorbable surgical mesh is made of the biocompatible synthetic polymer which is gradually absorbed by the body over the time. The bioabsorbable surgical mesh will degrade and lose strength over time. Bioabsorbable surgical mesh is not intended to provide long-term support to repair site. As material degrades, new tissue growth is intended to provide strength to the repair. Bioabsorbable surgical mesh used for hernia repair surgery, soft tissue support and reconstruction surgeries. Hernia repair is one of the most common surgical procedures performed globally. Around 20 million hernia repair procedure performed per year worldwide. Bioabsorbable surgical mesh has beneficial over the permanent surgical meshes as permanent surgical meshes come with long-term complication, expensive cost and not effective in some cases. Moreover, some of the companies are getting FDA clearance for the new bioabsorbable surgical mesh. Recently, Surgical Innovation Associates has received FDA clearance for its DuraSorb Monofilament Mesh. DuraSorb Monofilament Mesh is bioabsorbable surgical mesh designed for use in reconstruction and cosmetic surgeries.
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Bioabsorbable surgical mesh market is growing with significant rate due to the demand for effective medical procedures. Increasing number of minimally invasive surgical procedures and laparoscopic surgeries are the primary factors expected to drive the growth of bioabsorbable surgical mesh market. The major factor of the growth of the global bioabsorbable surgical mesh market is the increasing the prevalence of hernia disorder which led to massive rise in surgical procedures worldwide. The number of hernia repair procedures are predicted to further increase due to several risk factors such as obesity and prior abdominal surgeries. Increasing number of procedures is expected to boost the growth of bioabsorbable surgical mesh market. Increasing improvement in healthcare infrastructure, growing healthcare expenditures level drives the market growth of bioabsorbable surgical mesh market over the forecast period. Technological advances are expected to fuel the growth of bioabsorbable surgical mesh market. However, the risk of adverse inflammatory reactions and infection associated with bioabsorbable surgical mesh are expected to restrain the growth of bioabsorbable surgical mesh market. Moreover, stringent safety regulations and the high cost of surgery are another factors expected to hamper the growth of bioabsorbable surgical mesh market.
The global bioabsorbable surgical mesh market is segmented on basis of application, end-user, and region:
- Segmentation by Application
- Hernia Repair Surgery
- Abdominal Wall Reconstruction
- Facial Defect Repair
- Segmentation by End User
- Ambulatory Surgical Centers
Increasing inclination towards the use of absorbable mesh over permanent synthetic mesh is expected to increase the demand for the bioabsorbable surgical mesh. Bioabsorbable surgical mesh has advantages of low risk of secondary infections and enhancement of tissue growth. By application type, hernia repair surgery segment is expected to gain large share in bioabsorbable surgical mesh market due to. Hospital segment is expected to contribute the highest market share in bioabsorbable surgical mesh market.
Regionally, the global bioabsorbable surgical mesh market is segmented into five key regions viz. North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to lead the global bioabsorbable surgical mesh market owing to increasing prevalence of hernia disorder and substantial adoption of new treatment techniques. Hernia repair in the most common surgical procedure performed in the U.S., around 600,000 hernia repair performed in the U.S. annually. Europe also shows the second largest market in the bioabsorbable surgical mesh market due to increasing surgical procedures and demand of advanced bioabsorbable surgical mesh. Moreover, strong reimbursement policies for surgical procedures in U.S. and European countries are propelling the growth of bioabsorbable surgical mesh market. Bioabsorbable surgical mesh market in the Asia-Pacific region is expected to witness significant growth rate in the coming years due to increasing healthcare expenditure, government initiatives and increasing awareness among people. Countries such as India and China has a large pool of patients which expected to drive Asia Pacific bioabsorbable surgical mesh market.
Some of the players operating in the global bioabsorbable surgical mesh market are W.L. Gore and Associates, B. Braun Melsungen AG, Betatech Medical and other. Growing demography and economy in developing countries are expected to offer good opportunities for bioabsorbable surgical mesh market players.
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The report covers exhaustive analysis on:
- Bioabsorbable Surgical Mesh Market Segments
- Bioabsorbable Surgical Mesh Market Dynamics
- Historical Actual Market Size, 2013 – 2017
- Bioabsorbable Surgical Mesh Market Size & Forecast 2018 to 2026
- Bioabsorbable Surgical Mesh Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Bioabsorbable Surgical Mesh Market Drivers and Restraints
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
- Shifting industry dynamics
- In-depth market segmentation
- Historical, current and projected industry size recent industry trends
- Key competition landscape
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards market performance