Publisher's
MediPoint: Hernia Repair - GlobalAnalysis and Market Forecasts report provides analysis of the hernia
repair space across the 10 major markets of the US, France, Germany, Italy,
Spain, the UK, Japan, Brazil, China and India, including market data from 2014
and forecast until 2021. It discusses the current adoption trends for
laparoscopic procedures and types of biologic mesh in different geographies,
and how these trends will shift in the near future.
The global market for hernia repair will expand from $1.8 billion in 2014 to reach $2.4 billion by 2021, representing a moderate Compound Annual Growth Rate of 4%. This increase, which will occur across the 10 Major Markets (10MM) of the US, Brazil, the UK, Spain, France, Italy, Germany, Japan, China and India, will be driven primarily by the transition from open to laparoscopic hernia repair during the forecast period. Studies have shown that laparoscopic repair is more expensive than open repair by around $500, which may negatively affect adoption of the technique.
Laparoscopy
is very technically demanding, and few surgeons are yet completely trained and
effective in performing the procedure. However, the benefits of the technique,
such as lower incidences of chronic pain and recurrence, and shorter recovery
times, mean there will still be strong demand from patients during the forecast
period.
Key questions answered in this report: