Growing technological advancements in the healthcare sector to drive India minimally invasive surgical instruments market
According to TechSci Research report, “India Minimally Invasive Surgical Instruments Market By Instrument (Endoscopes, Laparoscopy Access Instruments, Laparoscopy Handheld Instruments, Robotic Assisted Surgical Systems, Electrosurgery, Visualization and Monitoring System), By Type (Endoscopy, Laparoscopy, Robotics), By Application (Gynecology, Orthopedic Surgery, Respiratory, Oncology, Gastrointestinal, Urology, Cardiology, Others), By End-User (Hospitals, Surgical Centers, Others), By Region, Forecast & Opportunities, FY2026”, the India minimally invasive surgical instruments market is expected to witness impressive growth during the forecast period. The key factor behind the growth of India minimally invasive surgical instruments market is lower cost than in-patient and conventional open surgeries. Moreover, these kinds of surgeries involve minimal cuts or stitches, which enables patients to stay in hospital for a shorter period, thereby expected to drive the market growth over the coming years. Additionally, minimally invasive surgeries cause less damage to the tissues, which is anticipated to boost the growth of market in the years to come. In addition to this, improved patient quality of life coupled with reduction in healthcare costs and time are some other factors that are estimated to aid the growth of India minimally invasive surgical instruments market during the forecast period. However, surgeons need special training before they can perform minimally invasive surgeries. This type of surgery cannot be performed on patients who have had a previous “open” surgery in the upper or lower part of their belly, or patients with other medical problems. These factors might hamper the market growth in the year to come. Along with this, reimbursement challenges and uncertain regulatory framework in medical device market are some major factors that might act as major impediments to the growth of India minimally invasive surgical instruments through FY2026.
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The India minimally invasive surgical instruments market is segmented based on instrument, type, application, end-users and region. Based on end-user, the minimally invasive surgical devices market is segmented into hospitals, surgical centers and others. Out of these, the hospitals segment held the majority share in the market in terms of revenue until FY2019 and is further forecast to maintain its leading position during the next five years as well, which can be attributed to the fact that large number of minimally invasive surgical procedures are performed in hospitals owing to the presence of highly skilled healthcare professionals. Hospitals, whose reimbursement are being increasingly impacted by quality measures and episode-of-care payments prefer minimally invasive surgical devices because of their significant benefits. Based on instrument type, the market is segmented into endoscopes, laparoscopy access instruments, laparoscopy handheld instruments, robotic assisted surgical systems, electrosurgery, visualization and monitoring system. Among them, the handheld instruments segment dominated the market in FY2019 and is anticipated to hold its leading position over the coming years as well due to technological innovations and rapid adoption in minimally invasive surgeries. Additionally, these kinds of devices provide easier access during surgeries with instrument triangulation, thereby reducing the risk of potential mistakes.
India Medtronic Pvt. Ltd., Johnson & Johnson Private Limited, Stryker India Pvt. Ltd, B.Braun Medical India Pvt.Ltd., Abbott India Limited, Smith & Nephew Healthcare Pvt Ltd, Zimmer Biomet India, Boston Scientific India Pvt Ltd, Becton Dickinson Private Limited, Conmed Linvatec India Pvt Ltd are some of the leading players operating in India minimally invasive surgical instruments market.
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“India minimally invasive surgical instruments market is forecast to register high growth until FY2026 as the key market players are trying to capture the untapped markets by introducing innovative products such as surgical robots, etc. Moreover, rising medical tourism in the country is expected to bolster the market growth in the coming years. Furthermore, rising geriatric population and road crashes are further anticipated to positively influence the market growth through FY2026.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based India management consulting firm.
“India Minimally Invasive Surgical Instruments Market By Instrument (Endoscopes, Laparoscopy Access Instruments, Laparoscopy Handheld Instruments, Robotic Assisted Surgical Systems, Electrosurgery, Visualization and Monitoring System), By Type (Endoscopy, Laparoscopy, Robotics), By Application (Gynecology, Orthopedic Surgery, Respiratory, Oncology, Gastrointestinal, Urology, Cardiology, Others), By End-User (Hospitals, Surgical Centers, Others), By Region, Forecast & Opportunities, FY2026” has evaluated the future growth potential of India minimally invasive surgical instruments market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India minimally invasive surgical instruments market.
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