India Minimally Invasive Surgical Devices Market, By Type (Handheld Instruments, Surgical Scopes, Cutting Instruments, Guiding Devices, Electrosurgical Devices, Others), By Surgery Type (Gastrointestinal, Gynecology, Urology, Cardiovascular, Others), By E

India Minimally Invasive Surgical Devices Market, By Type (Handheld Instruments, Surgical Scopes, Cutting Instruments, Guiding Devices, Electrosurgical Devices, Others), By Surgery Type (Gastrointestinal, Gynecology, Urology, Cardiovascular, Others), By End User (Hospitals & Specialty Clinics, Ambulatory Surgical Centers, Others), By Region, Competition, Opportunity, and Forecast, 2017-2027

India 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. 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 India 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 India 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 India 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 India minimally invasive surgical devices market in the forecast years through FY2027.

The India minimally invasive surgical devices market is segmented by type, surgery type, end user, regional distribution, and competitive landscape. Based on surgery type, the market is further segmented into gastrointestinal, gynecology, urology, cardiovascular, and others. 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.

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 are among the major market players in India that lead the market growth.

Years considered for this report:

Historical Years: FY2017- FY2020

Base Year: FY2021

Estimated Year: FY2022E

Forecast Period: FY2023F– FY2027F

Objective of the Study:

• To analyze and estimate the market size of India minimally invasive surgical devices market from FY2017 to FY2021.
• To estimate and forecast the market size of India minimally invasive surgical devices market from FY2022 to FY2027 and growth rate until FY2027.
• To classify and forecast India 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 India minimally invasive surgical devices market.
• To identify drivers and challenges for India minimally invasive surgical devices market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India minimally invasive surgical devices market.
• To identify and analyze the profile of leading players operating in India minimally invasive surgical devices market.
• To identify key sustainable strategies adopted by market players in India minimally invasive surgical devices market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across India. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across India.

TechSci Research calculated the market size of India minimally invasive surgical devices market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Manufacturers, suppliers, distributors and other stakeholders
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to minimally invasive surgical devices
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, India minimally invasive surgical devices market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• 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

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India minimally invasive surgical devices market

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Companies Mentioned

1.India Medtronic Private Limited
2.Olympus Medical Systems India Private Limited
3.Fujifilm India Private Limited
4.Johnson & Johnson Medical India Limited
5.Stryker India Private Limited
6.Smith & Nephew Healthcare Pvt. Ltd.
7.KARL STORZ Endoscopy India Pvt. Ltd.
8.Om Surgicals Private Limited
9.Western Trading Company
10.Advin Healthcare Private Limited

Please Note: Report will be updated with the latest data and delivered to you within 3-5 working days of order. Single User license will be delivered in PDF format without printing rights