LI_173503
|
Pages: 110
|
Aug 2017 | 1860 Views
|
|
|
Author(s) :
Suraj Sajeev & Garima Chandra
|
Tables: 25
|
Charts: 36
|
Formats*: |
|
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
Get more information on this report : Request Sample Pages
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
Get more information on this report : Request Sample Pages
Segment Review
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.
Key Benefits:
The Indian laparoscopy devices market is expected to register a significant growth rate, owing to the increase in demand for minimally invasive surgeries in the country. The market has gained momentum in the surgical diagnostic industry, owing to benefits offered by laparoscopy devices and rise in laparoscopy-based surgeries. In addition, incorporation of robotic technology in the laparoscopic surgeries is anticipated to supplement the market growth in India.
Laparoscopy devices and procedures have witnessed high demand across medical settings in India, owing to the high precision offered by these devices and minimal invasive nature of the surgery performed. Laparoscopy-based bariatric surgeries are highly popular among all the applications, owing to the increase in population suffering from obesity in India. Significant increase in the obese population in the country and growing demand for laparoscopy devices are anticipated to fuel the market growth.
Lack of favorable reimbursement policies regarding laparoscopy devices in India, and post-operative complications associated with the laparoscopic surgeries restrain the market growth. Currently, hospitals are the largest end users of laparoscopy devices in India, followed by clinics and other end users. The number of laparoscopic procedures, such as urological surgeries and bariatric surgeries, performed in hospitals are higher as compared to clinics, as most of the hospitals in India have adopted laparoscopy devices at a large scale. The laparoscopic-based surgical technique and indications have increased over the past few years due to the ongoing advancements. Laparoscopic robot-assisted surgeries are increasing exponentially as more than half of radical prostatectomies are performed robotically in India. Furthermore, growth in number of colon cancer among many others has become a major public health problem in India. However, single-port laparoscopy systems and robotic-assisted laparoscopic surgery aid in combatting the disease effectively.
Enterprise
License/PDF
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high level data integrity, accurate analysis and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.