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Asia-Pacific hernia repair market: $1 billion industry forecast during 2012

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MediPoint: Hernia Repair - APAC Analysis and Market Forecasts - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-04-28 04:00:01
We estimate the overall hernia repair market in the APAC region in 2012 to be $1.011 billion across the three countries covered (Japan, China, and India). While the developed economies of Japan and the United States occupy a large proportion of the global hernia repair market, it is the developing nation of India that occupies nearly a third of the global market.

Dramatic improvements in access to and quality of healthcare in the Asia Pacific region, concurrent with the introduction of next-generation biologic and composite meshes in developed countries and adoption of laparoscopic techniques worldwide, will drive hernia repair market growth in the US, Europe and Asia Pacific. Saturated with numerous players and a library of different products, the fiercely-competitive hernia mesh industry has experienced notable improvements recently in device quality and affordability, as companies strive for increased physician adoption in established markets and strategize entry into new regions.

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