According to FutureWise analysis the market for Laparoscopic and Open Hernia Mesh Repair Surgery in 2023 is US$ 3.61 billion, and is expected to reach US$ 4.34 billion by 2031 at a CAGR of 2.32%.
The laparoscopic and open hernia mesh repair surgery market has been anticipated to be on a steady rise, which has resulted in increased usage of mesh in the areas of boosted geriatic population, the prevalence of new products, hernia repair surgeries and positive reimbursements in first world countries. These are all factors which are boosting the market. Having said that, the unfavorable reimbursement situation in the developing nations, along with the exorbitant cost of the repairing of the mesh and the integration of new and improved surgical methods such as Desarda technique are global laparoscopic and open hernia mesh repair surgery market trends which have been predicted to have negative effects of the growth of this market.
By the mesh fixator type, the market has been divided into glue applicators and tack applicators. In 2017, the applicators for the tack segment controls the largest global laparoscopic and open hernia mesh repair surgery market share. Significant reduction during time of surgery is instrumental in the rise of the tack applicators.