Laparoscopy Will Drive Hernia Repair Market to $2.5 billion by 2021

by Sameer Joshi or 26-Dec-2015

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:

  • Growth in the hernia repair market lies with an increasing adoption in laparoscopic procedures. What are the current adoption trends in different geographies? How will laparoscopic approach grow in the upcoming years?
  •  Large pore synthetic mesh has been the mainstream product for years but latest products such as composite and biologic meshes are receiving increasing attention from surgeons. What are the current adoption trends towards different mesh types in different geographies? How will the adoption trends shift in the near future?
  •  There are various hernia mesh types and different mesh companies have a different strategic product focus. Who are the leading players in the hernia repair market in different countries?