Laparoscopic Repair Surgery Market - Emerging Trends to Boost Global Revenue

This research study involves the extensive usage of secondary sources, directories, and databases (such as D&B Hoovers, Bloomberg Business, and Factiva), in order to identify and collect information useful for this technical, market-oriented, and financial study of the laparoscopic repair surgery market.

In-depth interviews were conducted with various primary respondents, including subject-matter experts (SMEs), C-level executives of key laparoscopic surgery industry players, and industry consultants to obtain and verify qualitative and quantitative information and to assess market prospects. 

The Hernia Mesh Repair 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 rising adoption of mesh in hernia repair surgeries, rising geriatric population, new product developments, and favorable reimbursement scenario in developed countries are the major factors driving the growth of this market.

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Based on the type of hernia repair surgery, open hernia repair surgery accounted for the largest market share in 2017. Open hernia repair does not require any advanced equipment and takes 25% lesser time than laparoscopy. This makes open hernia repair more cost effective. Moreover, this type of surgery is preferred for hernias that have been present for a long period of time.

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

Based on the type of mesh fixator, glue applicators are expected to register the highest growth rate in the forecast period. The cost effectiveness, reduction in surgery time, and lower pain associated with glue fixation are driving the adoption of glue in hernia mesh fixation.

Stakeholders:

# Manufacturers of hernia mesh and mesh fixators
# Raw material suppliers
# Market research and consulting firms
# Regulatory bodies
# Venture capitalists
# Hospitals

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. 

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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. 

Global Leaders:

The major players in 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).