India Minimally Invasive Surgery Devices Market

India Minimally Invasive Surgery Devices Market by Products (Robotic Assisted Surgical Systems, Guiding Devices, Electro Surgical Devices, Ablation Devices, Handheld Instruments, Endoscopic Devices, and Other Products), Applications (Urological, Aesthetic, Orthopedic, Cardiovascular, Gynecological, Gastrointestinal, and Others), and Country–Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: HC-1869
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 3
  • No. Of Pages: 219
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The India minimally invasive surgery devices market size is expected to expand at significant CAGR during forecast period 2021–2028. Growth of the market is attributed to development of advanced devices, rising healthcare expenditure, increasing government initiatives, and growing cases of injuries and accidents.

India Minimally Invasive Surgery Devices Market

Surgical devices are instruments and tools that carry out such operations as grasping, retracting, dissecting, provide access to internal organs, holding, cutting, suturing, and modifying biological tissue. Many surgical instruments are manufactured from stainless steel. Other alloys and metals such as vitallium and titanium are also utilized.

The Covid-19 pandemic affected the demand and supply of India minimally invasive surgery devices market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing outpatient surgeries is projected to boost the market in the coming years.
  • Rising minimally invasive surgical procedures is major factor fueling the market during the forecast period.
  • High cost of surgery devices is anticipated to hamper market growth.
  • Lack of skilled technicians to operate surgical devices is projected to hamper the market growth in the coming years.
  • R&D investment and technological advancement in minimally invasive surgery devices is projected to create lucrative opportunities for the market players.

Scope of the Report

The report on the India minimally invasive surgery devices market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

India Minimally Invasive Surgery Devices Market–Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018-2019

Forecast Period

2021-2028

Segmentation

Products (Robotic Assisted Surgical Systems, Guiding Devices, Electro Surgical Devices, Ablation Devices, Handheld Instruments, Endoscopic Devices, and Other Products), Applications (Urological, Aesthetic, Orthopedic, Cardiovascular, Gynecological, Gastrointestinal, and Others)

Country Scope

India

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players covered in the Report

Zimmer Biomet; Smith & Nephew plc; Olympus Corp.; Koninklijke Philips NV; Abbott Laboratories; Medtronic PLC; GE Healthcare; Siemens AG; and Stryker Corp.

Market Segment Insights

The handheld instruments segment accounts for a key share of the market and expected to grow at a rapid pace

Based on products, the India minimally invasive surgery devices market is divided into robotic assisted surgical systems, guiding devices, electro surgical devices, ablation devices, handheld instruments, endoscopic devices, and other products. The handheld devices segment accounts for a key share of the market. Growth of the market is attributed to the increasing adoption of general surgical devices for diagnosis and treatment, rising prevalence of cardiac disease, unhealthy lifestyles, rising elderly population, and increasing number of treatments. However, the electro surgical devices are anticipated to expand at a rapid pace during the forecast period due to increasing patient pool, rising geriatric population, and increasing preference for minor invasive surgeries.

India Minimally Invasive Surgery Devices Market

The gastrointestinal segment is anticipated to hold a major market share during the forecast period

Based on applications, the market is fragmented into urological, aesthetic, orthopedic, cardiovascular, gynecological, gastrointestinal, and others. The gastrointestinal segment is anticipated to hold the major market share during the forecast period. Growth of the market is attributed to rising population, increasing disposable income, and growing awareness among population. However, the cardiovascular segment is anticipated to expand at a rapid pace during the forecast period due to factors such as international companies attracting many investors, technological innovations in surgical devices, and increasing adaptation of stem cell technologies.

India Minimally Invasive Surgery Devices Market

Geographical outlook

The India minimally invasive surgery devices market is anticipated to expand at significant CAGR in the coming years, owing to increasing investment in health care sector and rising adaptation of 3D printing technologies. In addition, shorter recovery time & minimal postoperative complications, compensation policies pertaining to surgical devices in developed economies, favorable FDA approvals, and surge in patient preference for minor invasive surgeries are driving the market. However, high cost of general surgical devices and lack of trained professionals & technicians are projected to restrict growth of the market. On the contrary, unsatisfied medical demands in developing sectors are anticipated to give lucrative opportunities for market expansion.

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Minimally Invasive Surgery Devices Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Minimally Invasive Surgery Devices Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Minimally Invasive Surgery Devices Market - Supply Chain
  4.5. Global Minimally Invasive Surgery Devices Market Forecast
     4.5.1. Minimally Invasive Surgery Devices Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Minimally Invasive Surgery Devices Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Minimally Invasive Surgery Devices Market Absolute $ Opportunity
5. Global Minimally Invasive Surgery Devices Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Minimally Invasive Surgery Devices Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Minimally Invasive Surgery Devices Demand Share Forecast, 2019-2026
6. North America Minimally Invasive Surgery Devices Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Minimally Invasive Surgery Devices Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Minimally Invasive Surgery Devices Demand Share Forecast, 2019-2026
7. Latin America Minimally Invasive Surgery Devices Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Minimally Invasive Surgery Devices Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Minimally Invasive Surgery Devices Demand Share Forecast, 2019-2026
8. Europe Minimally Invasive Surgery Devices Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Minimally Invasive Surgery Devices Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Minimally Invasive Surgery Devices Demand Share Forecast, 2019-2026
9. Asia Pacific Minimally Invasive Surgery Devices Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Minimally Invasive Surgery Devices Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Minimally Invasive Surgery Devices Demand Share Forecast, 2019-2026
10. Middle East & Africa Minimally Invasive Surgery Devices Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Minimally Invasive Surgery Devices Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Minimally Invasive Surgery Devices Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Minimally Invasive Surgery Devices Market: Market Share Analysis
  11.2. Minimally Invasive Surgery Devices Distributors and Customers
  11.3. Minimally Invasive Surgery Devices Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Zimmer Biomet Smith & Nephew plc Olympus Corp. Koninklijke Philips NV Abbott Laboratories Medtronic PLC

Segments Covered in the Report

The India minimally invasive surgery devices market has been segmented on the basis of

Products

  • Robotic Assisted Surgical Systems
  • Guiding Devices
  • Electro Surgical Devices
  • Ablation Devices
  • Handheld Instruments
  • Endoscopic Devices
  • Other Products

Applications

  • Urological
  • Aesthetic
  • Orthopedic
  • Cardiovascular
  • Gynecological
  • Gastrointestinal
  • Others

Country

  • India

Key Players

  • Zimmer Biomet
  • Smith & Nephew plc
  • Olympus Corp.
  • Koninklijke Philips NV
  • Abbott Laboratories
  • Medtronic PLC
  • GE Healthcare
  • Siemens AG
  • Stryker Corp.

Key players competing in the India minimally invasive surgery devices market include Zimmer Biomet; Smith & Nephew plc; Olympus Corp.; Koninklijke Philips NV; Abbott Laboratories; Medtronic PLC; GE Healthcare; Siemens AG; and Stryker Corp.

Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and raise their production line of the business in the coming years.

India Minimally Invasive Surgery Devices Market

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