DUBLIN--(BUSINESS WIRE)--The "India Minimally Invasive Surgical Devices Market, By Type (Handheld Instruments, Surgical Scopes, Cutting Instruments, Guiding Devices, Electrosurgical Devices, Others), By Surgery Type, By End User, By Region, Competition, Opportunity, and Forecast, 2017-2027" report has been added to ResearchAndMarkets.com's offering.
The Indian Minimally Invasive Surgical Devices Market value was USD641.60 million in the year FY2021, and it is expected to register growth with a CAGR value of 5.94% in the forecast period, FY2023-FY2027, to reach value of USD887.67 million by FY2027
The market growth can be attributed to increasing demand for technologically advanced medical devices. Increasing investment in the research & development in the healthcare industry is majorly driving the growth of the Indian Minimally Invasive Surgical Devices Market in the upcoming five years.
Increasing instances of chronic diseases like cancer, cardiovascular diseases, neurological diseases etc. are also supporting the growth of the Indian Minimally Invasive Surgical Devices Market in the next five years. Also, increasing adoption of surgeries for the removal of cause of disease in the conditions like cancer, cardiovascular surgeries, endoscopic surgeries, renal surgeries, etc. is further driving the market growth.
Tier 1 and tier 2 cities in the country are experiencing rapidly growing numbers of corporate hospital chains along with the specialty clinics like bariatric surgery centers, gynecology & urology hospitals & clinics, orthopedic centers, that are responsible for the increasing number of surgeries and thus substantiates the growth of the Indian Minimally Invasive Surgical Devices Market in the future five years.
Government support through favorable health insurance plans, medical device clinical trials approvals, reimbursement policies, and private financial supports to the patients are further aiding the growth of the Indian Minimally Invasive Surgical Devices Market in the forecast years through FY2027.
Gastrointestinal surgeries are anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on account of increasing instances of patient suffering from gastrointestinal diseases. The other significant share is held by the gynecology segment.
The surging demand for the treatment of people suffering from wide range of non-cancerous gynecologic conditions such as menorrhagia, metrorrhagia, and pelvic pain is further driving the growth of the market. Additionally, the growing prevalence of polycystic ovarian syndrome and endometriosis has significantly increased the demand for minimally invasive gynecological procedures.
Minimally invasive procedures are also used in uterus removal surgeries, thereby fueling the demand for different minimally invasive surgical devices along with the market growth.
Objective of the Study:
- To analyze and estimate the market size of the Indian Minimally Invasive Surgical Devices Market from FY2017 to FY2021.
- To estimate and forecast the market size of the Indian Minimally Invasive Surgical Devices Market from FY2022 to FY2027 and growth rate until FY2027.
- To classify and forecast the Indian Minimally Invasive Surgical Devices Market based on type, surgery type, end-user, regional distribution, and competitive landscape.
- To identify dominant region or segment in the Indian Minimally Invasive Surgical Devices Market.
- To identify drivers and challenges for the Indian Minimally Invasive Surgical Devices Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Indian Minimally Invasive Surgical Devices Market.
- To identify and analyze the profile of leading players operating in the Indian Minimally Invasive Surgical Devices Market.
- To identify key sustainable strategies adopted by the market players in the Indian Minimally Invasive Surgical Devices Market.
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Indian Minimally Invasive Surgical Devices Market
- India Medtronic Private Limited
- Olympus Medical Systems India Private Limited
- Fujifilm India Private Limited
- Johnson & Johnson Medical India Limited
- Stryker India Private Limited
- Smith & Nephew Healthcare Pvt. Ltd.
- KARL STORZ Endoscopy India Pvt. Ltd.
- Om Surgicals Private Limited
- Western Trading Company
- Advin Healthcare Private Limited
Report Scope:
Years considered for this report:
- Historical Years: FY2017- FY2020
- Base Year: FY2021
- Estimated Year: FY2022E
- Forecast Period: FY2023F- FY2027F
India Minimally Invasive Surgical Devices Market, By Type
- Handheld Instruments
- Surgical Scopes
- Cutting Instruments
- Guiding Devices
- Electrosurgical Devices
- Others
India Minimally Invasive Surgical Devices Market, By Surgery Type
- Gastrointestinal
- Gynecology
- Urology
- Cardiovascular
- Others
India Minimally Invasive Surgical Devices Market, By End-User
- Hospitals & Specialty Clinics
- Ambulatory Surgical Centers
- Others
India Minimally Invasive Surgical Devices Market, By Region
- South
- North
- West
- East
For more information about this report visit https://www.researchandmarkets.com/r/q9ngva
