2014-04-28 03:59:02 - MediPoint: Hernia Repair - South American Analysis and Market Forecasts - a new market research report on companiesandmarkets.com
We estimate the overall hernia repair market in the major South American market of Brazil in 2012 to be $1.72 million. The country´s global market share will increase slightly over the forecast period. This growth is primarily being fueled by the adoption of the laparoscopic technique and the utilization of more expensive composite meshes.
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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