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Research and Markets: Hernia Repair - Global Analysis and Market Forecasts: Dominant India to Claim 37% of Global Hernia Repair Market by 2019DUBLIN --(Business Wire)-- Research and Markets (http://www.researchandmarkets.com/research/xxkzw2/medipoint_hernia) has announced the addition of the "MediPoint: Hernia Repair - Global Analysis and Market Forecasts" report to their offering. Already in possession of the world's most valuable hernia repair sector, India is set to claim an even greater market share with impressive revenue growth in the near future, states the latest report from research and consulting firm The authors. According to the company's latest healthcare publication*, India's hernia repair market value will climb from a 2012 value of $588m to $789m in 2019, increasing at a Compound Annual Growth Rate (CAGR) of 4.3%. Only the UK market is expected to grow at a faster rate (CAGR: 5.2%), and the increase will see India's share of the global hernia repair market expand from 30% to 37% over the seven-year period. The US is xpected to remain the second largest for hernia repair procedures by the end of the forecast period, but while sales are predicted to grow by approximately $21m, The authors anticipates market share to drop from 24% to 21% in 2019, due to the stronger growth of other international markets. There are a number of drivers spurring the growth of the hernia repair market in India .The first is the growth in population which will see an increase of over 100 million to 1.3 billion in 2019. The second is the increased adoption of the laparoscopic procedure and the subsequent utilization of meshes that are specifically designed for the technique. The authors's new report predicts the global hernia repair market to grow at a modest CAGR of 2% between 2012 and 2019, with total revenue climbing from $1.8 billion to $2.1 billion. This report provides a comprehensive evaluation of the global hernia market, including development and sales of inguinal, incisional and umbilical hernia repair products in the US, Germany, Italy, Spain, the UK, France, Brazil, China, India and Japan. Companies Mentioned:
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