The laparoscopic surgery market is projected to reach USD 3.53 Billion by 2022 from USD 3.18 Billion in 2017, at a CAGR of 2.1% during the forecast period. The increasing adoption of mesh in hernia repair surgeries, rising geriatric population, new product developments, and efficient reimbursement system in developed countries are the major factors driving the growth of the hernia mesh repair surgery market during the forecast period.
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Base Year: 2017
Forecast Period: 2018–2022
Objectives of the Study:
- To define, describe, and forecast the hernia mesh repair surgery market, by type of surgery and type of mesh fixator (glue & tack applicator).
- To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contributions to the overall laparoscopic surgery market.
- To forecast the size of the market segments with respect to specific countries.
- To profile the key players and comprehensively analyze their core competencies.
- To track and analyze competitive developments such as product launches; agreements, partnerships, and joint ventures; mergers and acquisitions; and research and development activities in the hernia mesh repair surgery market
The report covers the hernia mesh repair surgery market across ten countries, namely, the US, Canada, Germany, France, the UK, Italy, Spain, Japan, China, and India. The US accounted for the largest share of the laparoscopic surgery market in 2017.
The large share of the US is attributed to the large patient population, increasing adoption of technologically advanced products, and presence of a well-established medical reimbursement policy in the country. However, India is expected to register the highest growth rate during the forecast period, owing to the improving healthcare infrastructure and increasing patient population in the country.
Medtronic (Ireland) and Johnson & Johnson (US) are the Major Players in the Laparoscopic and Open Hernia Mesh Repair Surgery Market
The major players of the hernia mesh repair surgery market profiled in this report are Medtronic (Ireland), Johnson & Johnson (US), B. Braun (Germany), C. R. Bard (US), and W.L. Gore (US).
Stakeholders
- Manufacturers of hernia mesh and mesh fixators
- Raw material suppliers
- Market research and consulting firms
- Regulatory bodies
- Venture capitalists
- Hospitals
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