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Report Overview
2023
Base Year
2017-2023
Historical Year
2024-2032
Forecast Year
India Minimally Invasive Surgical Devices Market Outlook
The India minimally invasive surgical devices market size was valued at USD 739.95 million in 2023, driven by the rise in the geriatric population across India. The market size is anticipated to grow at a CAGR of 6.3% during the forecast period of 2024-2032 to achieve a value of USD 1,282.34 million by 2032.
Minimally Invasive Surgical Devices: Introduction
Minimally invasive surgical devices are used for medical procedures or surgeries in specific, where small or minimal incisions are made on human body in order to perform a surgery with minimum stitches. Minimally surgical invasive devices are basically the surgical devices that are used in minimally invasive surgical procedures. The small incisions made by minimally invasive devices enable a patient to recover much faster. There are multiple kind of minimally invasive surgical devices that are used in surgeries, such as arthroscopic or laparoscopic devices, and even remote-controlled devices that are manipulated with indirect observation through an endoscope or large display panel by a healthcare professional.
India Minimally Invasive Surgical Devices Market Analysis
The increasing popularity and demand for minimally invasive surgical procedures due to their multiple benefits in comparison to the traditional surgeries is primarily driving the India minimally invasive surgical devices market growth. The most common reason for choosing minimally invasive surgical procedure is that they involve small incisions which directly and indirectly reduces the chances of catching bacterial infections from a surgical process.
Additionally, increasing collaborations between the key manufacturers to achieve development of innovative surgical devices, along with improved patient outcomes, are directly contributing to the rising demand of minimally invasive surgical devices in the market.
India Minimally Invasive Surgical Devices Market Segmentations
Market Breakup by Type
- Handheld Instruments
- Surgical Scopes
- Cutting Instruments
- Guiding Devices
- Electrosurgical Devices
- Endoscopic Devices
- Others
Market Breakup by Surgery Type
- Aesthetic
- Gastrointestinal
- Gynecology
- Orthopaedic
- Urology
- Cardiovascular
- Others
Market Breakup by End User
- Hospitals and Specialty Clinics
- Ambulatory Surgical Centers
- Others
Market Breakup by Region
- Northern and Central
- Western
- Southern
- Eastern
India Minimally Invasive Surgical Devices Market Overview
The rising involvement of advanced technology provide better precision for healthcare professional surgeons as well as the patient as the robot assisted surgeries provide more accuracy than traditional ones. These advancements include advanced imaging systems, robotics, and energy devices. Since the use of these advanced devices the surgical procedures has become more precise, efficient, and effective, healthcare professionals are able to perform complex surgeries with greater precision, leading to significant India minimally invasive surgical devices market development.
Other key factors driving the market growth include the rising prevalence of chronic diseases, rising demand for minimally invasive surgical procedures, and rapidly advancing technologies. The benefits of minimally invasive surgeries, including lesser stay time at hospital, shorter recovery period, and minimal incisions leading to minimal scars on skin are contributing to the market growth.
India Minimally Invasive Surgical Devices Market: Competitor Landscape
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
- 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
- Zimmer Biomet
- GE Healthcare
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Surgery Type |
|
| Breakup by End User |
|
| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The India minimally invasive surgical devices market size was valued at USD 739.95 million in 2023, driven by the rise in the geriatric population across India.
The market size is anticipated to grow at a CAGR of 6.3% during the forecast period of 2024-2032 to achieve a value of USD 1,282.34 million by 2032.
The key drivers for the market include the rising healthcare sector, rising demand for advanced technology, and primarily the rising demand for minimally invasive surgical procedures.
The major markets include Northern and Central, Western, Southern, Eastern regions.
The different types of minimally invasive surgical devices in the market include handheld instruments, surgical scopes, cutting instruments, guiding devices, electrosurgical devices, endoscopic devices, among others.
The different surgery types in the market are aesthetic, gastrointestinal, gynaecology, orthopaedic, urology, cardiovascular, among others.
The different types of end users in the market include hospitals & specialty clinics, ambulatory surgical centers, among others.
The adoption of new nuclear-medicine-based devices in the diagnosis and treatment of disease is among the major trends in the market.
Key players involved in the market are 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, Zimmer Biomet, and GE Healthcare.
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