India Minimally Invasive Surgery Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

India Minimally Invasive Surgery Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The market is expected to witness a robust growth due to increasing demand of minimally-invasive surgeries over traditional surgeries and rising prevalence of lifestyle-related and chronic disorders. In minimally invasive surgery, doctors use various methods to operate with minimal damage to the body as opposed to traditional open surgery. In general, minimally invasive surgery is associated with less pain, a shorter hospital stay, and fewer complications. By developing true integrated solutions, minimally invasive procedures are beginning to replace traditional surgical care in other medical domains as well. The demand for this surgery is increasing at a very high rate, due to several factors that include higher accuracy rate with relatively reduced pain, and less infections. Thus, owing to the benefits associated with minimally invasive surgeries, the adoption rate is increasing, which may drive the overall growth of market.

Key Market TrendsGastrointestinal Segment is Expected to Show Better Growth in the Forecast Years

Based on Application, the market is segmented into aesthetic, cardiovascular, gastrointestinal, gynecological, orthopedic, urological and other applications. The growth of this segment is attributed to rising incidence of gastrointestinal diseases in the young, adult, and geriatric people. Dyspepsia, irritable-bowel syndrome, and constipation are some of the examples of gastrointestinal disorders. Minimally invasive surgery has gained popularity for benign diseases and has proved its safety and efficacy over traditional methods, owing to which, it has gained substantial attention in the past several years. Furthermore, with the increase in the government’s continuous effort to improve the health of people, along with rising geriatric population, the number of gastrointestinal surgeries is bound to rise, which is expected to fuel the market growth over the forecast period.

Competitive Landscape

The market studied is moderately competitive and there are several international as well as local companies that are present in India and are providing Minimally Inasvive Surgery (MIS) solutions. The major players in the India minimally invasive surgery devices market are Abbott Laboratories, GE Healthcare, Koninklijke Philips N.V, Medtronic PLC, Olympus Corporation, Siemens AG, Smith & Nephew plc, Stryker Corporation, and Zimmer Biomet.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

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