Laparoscopic and Open Hernia Mesh Repair Surgery Market Driven by Glue and Tack Applicators by 2022

Laparoscopic surgery market 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 laparoscopic surgery market.

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

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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.

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

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“Laparoscopic hernia repair surgery segment is expected to be fastest-growing segment during forecast period”. Based on type of hernia repair surgery, market is segmented into open & laparoscopic hernia repair surgeries. Laparoscopic hernia repair surgery segment is expected to register highest growth rate during the forecast period, owing to factors such as less postoperative pain, less chances of wound infection, and early recovery.

Breakdown of supply-side primary interviews:
• By Company Type - Tier 1 – 31%, Tier 2 – 49% and Tier 3 – 20%
• By Designation – C-level – 28%, Director-level – 19%, Others – 53%
• By Region – North America - 31%, Europe – 33%, APAC – 19%, RoW – 17%

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 repair market during the forecast period. On the basis of product, the hernia repair market is segmented into mesh and mesh fixators. A mesh is used for reinforcing weak spots in the muscle while repairing the hernia.

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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).

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

The hernia mesh segment is further categorized on the basis of type and surgery. On the basis of type, this market is segmented into synthetic and biologic mesh. In 2018, the synthetic mesh segment is expected to account for the largest share of the hernia mesh market. This large share can be attributed to the low cost of synthetic mesh in comparison to biologic mesh.

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This release was published on openPR.