|[December 04, 2013]
Research and Markets: Hernia Repair - Global Analysis and Market Forecasts: Dominant India to Claim 37% of Global Hernia Repair Market by 2019
DUBLIN --(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
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
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.
Abiss Analytic Biosurgical Solutions
AMI: Agency for Medical Innovation
B. Braun Surgical
FEG Textiltechnik mbH
W. L. Gore & Associates
For more information visit http://www.researchandmarkets.com/research/xxkzw2/medipoint_hernia
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