Laparoscopy will drive hernia repair market
Market will be worth $2.5 billion by 2021, says GlobalData
The global market for hernia repair will expand from $1.8 billion in 2014 to $2.4 billion by 2021, according to research by GlobalData.
The company’s latest report states that this increase – an average of 4% per year - will occur across the 10 major markets - the US, Brazil, the UK, Spain, France, Italy, Germany, Japan, China and India - and will be driven primarily by the transition from open to laparoscopic hernia repair during this period.
Yizhe Xu, GlobalData’s analyst covering medical devices, said: “Studies have shown that laparoscopic repair is more expensive than open repair by around $500, which may negatively affect adoption of the technique.
“Laparoscopy is very technically demanding, and few surgeons are yet completely trained and effective in performing the procedure. However, the benefits of the technique, such as lower incidences of chronic pain and recurrence, and shorter recovery times, mean there will still be strong demand from patients during the forecast period.”
GlobalData’s report also states that of the 10 countries, Brazil will witness the largest increase in laparoscopic hernia repair procedures, as the country is forecast to utilise the technique in 53% of cases by 2021, up from 27% in 2014.
Xu said: “Currently, the practice of watchful waiting is very popular in Brazil, whereby symptomless inguinal hernias are left untreated until they produce moderate to severe levels of pain. However, recent clinical studies have shown that delaying treatment can aggravate symptoms over time, and lead to more serious complications.
“As a consequence, laparoscopy, which is minimally invasive and more effective than the current most-used technique, will be aggressively adopted in Brazil, as patients are prepared to pay for less painful procedures.”
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