Indian Laparoscopy Devices Market Overview:
The Indian Laparoscopy Devices Market is valued at $490 million in 2016, and is expected to reach $811 million by 2023, registering a CAGR of 7.3% from 2017 to 2023. Laparoscopy is a minimally invasive procedure used to examine organs inside the abdomen or pelvic cavities by inserting a laparoscope through a small incision in the abdomen. A laparoscope comprises a long, thin tube with high-intensity light, and high-resolution camera attached in the front. The camera transmits images to the monitor as it travels through the abdomen. Laparoscopy is used for the diagnosis and treatment of diseases related to pancreas, liver, colon and bile duct.
The key factor driving the Indian laparoscopy devices market is the medical tourism that makes India as an attractive location due to the affordable cost and professional expertise in the laparoscopic field. In addition, the rising disposable income, growing government investments and technological advancements in laparoscopy surgeries are fueling the market growth. Furthermore, unstable reimbursement policies regarding laparoscopy devices in India along with lack of awareness regarding advanced laparoscopic surgeries among people restrains the market growth. However, the growing investments and funding in healthcare sector will certainly create many lucrative opportunities for various regional key players in this market.
Indian Laparoscopy Devices Market Segmentation
Drivers, Restraints, and Opportunities
Factors that accelerate the demand of laparoscopy devices are growth in prevalence of morbid obesity that leads to the increased demand for bariatric surgery, such as gastric bypass, sleeve gastrectomy, and gastric banding through laparoscopy. In addition, the surge in healthcare expenditure in India is expected to create new opportunities for market expansion. However, the dearth of skilled professionals and post-operative risks associated with laparoscopy surgeries will impede the market growth.
Indian Laparoscopy Devices Market: Drivers & Restraints
The Indian laparoscopy devices market is segmented based on product, applications, and end user. Based on product the market is segmented into laparoscopes, energy devices, insufflators, robot-assisted surgical systems, suction or irrigation systems, closure devices, hand instruments, access devices, accessories, and others. Further, based on applications this market is segmented into general surgery, bariatric surgery, gynecological surgery, urological surgery, colorectal surgery, and others. In addition, the general surgery is sub segmented into cholecystectomies, hernia repairs, appendectomies, antireflux surgeries, and others. Whereas, the bariatric surgery is sub segmented into gastric bypass, sleeve gastrectomies, gastric banding, and others. Further, based on end user this market is sub segmented into hospitals, clinics, and others.
The report provides a comprehensive analysis of the key players operating in the Indian laparoscopy devices market such as Johnson & Johnson (Ethicon, Inc.), Olympus Corporation, Medtronic PLC. (Covidien), Boston Scientific Corporation, Stryker Corporation, Karl Storz GmbH & Co.KG, Smith & Nephew PLC., Richard Wolf GmbH, B. Braun Melsungen AG (Aesculap, Inc.), and Dolphin Surgicals.
The other players of the Indian laparoscopy devices market include Medical Equipment India (MEI), Universe Surgical Equipment Co., Xcellance Medical Technologies Pvt Ltd., Hospiinz International, INDIA PRIVATE LIMITED, Bharat Surgical Co, Masppo Medical Devices, Hib Surgicals, SI Surgical Pvt. Ltd, and Jay Shakti Industries.
- The study provides an in-depth analysis along with the current trends and future estimations of the Indian laparoscopy devices market to elucidate the imminent investment pockets.
- Comprehensive analyses of the factors that drive and restrict the market growth are provided in the report.
- The quantitative analysis of the industry for the period of 2016 to 2023 is provided to enable stakeholders to capitalize on the prevailing market opportunities.
- Extensive analysis of key segments of the industry is provided to understand the type of techniques and methods used across India.
- Key market players and their strategies are analyzed to understand the competitive outlook of the market.
Indian Laparoscopy Devices Market Key Segments:
- Energy Devices
- Robot-assisted surgical systems
- Suction or Irrigation Systems
- Closure Devices
- Hand Instruments
- Access Devices
- General Surgery
- Hernia repairs
- Antireflux surgeries
- Bariatric Surgery
- Gastric bypass
- Sleeve gastrectomies
- Gastric banding
- Gynecological Surgery
- Urological Surgery
- Colorectal Surgery
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