India General Surgical Devices Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The India General Surgical Devices Market is Segmented by Product (Handheld Devices, Laparoscopic Devices, Electro Surgical Devices, Wound Closure Devices, Trocars and Access Devices, and Other Products) and Application (Gynecology and Urology, Cardiology, Orthopedic, Neurology, and Other Applications). The report offers value (in USD million) for the above segments.

India General Surgical Devices Market Size

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India General Surgical Devices Market Summary
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Study Period 2021 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2021 - 2022
CAGR 6.80 %
Market Concentration Medium

Major Players

India General Surgical Devices Market Major Players

*Disclaimer: Major Players sorted in no particular order

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India General Surgical Devices Market Analysis

The Indian general surgical devices market is expected to register a CAGR of 6.8% during the forecast period.

The impact of COVID-19 was severe on the market studied, owing to the cancellations of elective procedures, including surgical procedures, which impacted the market. The pandemic brought an unprecedented burden on the country's economy and the healthcare system. The healthcare facilities, such as hospitals and diagnostic centers, were investing heavily to maintain the supply of essential equipment and drugs. The lockdown measures have significantly decreased public mobility and impacted the healthcare industry, decreasing the uptake of various non-emergency surgeries. The surgical procedures postponed due to the pandemic were completed in the last two years since the restrictions were lifted, which led to the market's recovery.

The market is expected to grow due to factors such as rising demand for minimally invasive surgeries, a high rate of injuries and accidents, and an increasing prevalence of chronic diseases.

As per the Road Accidents in India report, number of traffic accidents in the country increased from 3,68,828 in 2020 to 4,22,659 in 2021. Also, according to IDF, the number of people affected with diabetes in 2022 is likely to be 774,194,700 in India. Hence, the high prevalence of diabetes is associated with high risk for acquiring a heart disease or a stroke. The high burden of road accidents and increasing injury, trauma, and diabetes in the country is estimated to boost the surgical procedures, thereby propelling the market's growth.

Healthcare in developing countries like India is undergoing rapid changes. Growing population in the country is likely to lead to increased demand for medical devices. According to the Elderly in India 2021 report, around 137.9 million people over the age of 60 years were living in India. The numbers are projected to rise to 193.8 million by the year 2031. Around 23% of the elderly population have multi-morbidities, with elderly women being more likely to have such disorders. As a result of huge geriatric population, demand for minimally incasive surgeries is estimated to increase in India. These factors have been increasing the demand for general surgical devices in India.

Additionally, the key players have been involved in various strategic alliances, such as acquisitions, and collaborations, along with the launch of advanced products to secure their position in the global market. For instance, in April 2021, Messe Frankfurt India collaborated with Andhra Pradesh MedTech Zone (AMTZ) to launch MedTech Innovation Forum in India. The initiative would create a platform for medical device manufacturers to exchange advancements and innovations for the development of the Indian medical devices industry which also includes surgical devices.

However, reimbursement issues have dissuaded many market players to enter the market. This has restrained the market growth.

India General Surgical Devices Market Trends

This section covers the major market trends shaping the India General Surgical Devices Market according to our research experts:

Orthopedic Segment is Expected to Register a Significant Market Share Over The Forecast Period

The orthopedic segment is expected to hold a significant market share owing to the increasing prevalence of orthopedic diseases, like arthritis and knee injury, a rise in the geriatric population, and strategic initiatives by key market players.

As per an article published in the National Library of Medicine in August 2022, more than 63 million people in India are affected with osteoarthritis in the current year. In India, osteoarthritis has a substantial and growing burden and impact, which is estimated to boost surgical procedures, boosting the segment's growth during the forecast period.

The high burden of various orthopedic conditions like fractures, arthritis, osteoarthritis, and rheumatoid arthritis requires general surgery propels the utility of general surgical products such as bone-cutting forceps, bone levers, bone rongeurs, and others.

The strategic initiatives by key market players, like launches, approvals, and partnerships, are estimated to fuel the segment's growth. For instance, in July 2021, Smith+Nephew launched its real intelligence suite of enabling technology solutions, including its next-generation robotics platform, the CORI Surgical System, in India. Robotics-assisted orthopedic surgery has been gaining momentum in India, which is expected to grow at a CAGR of 20% over the coming years. Such launches are estimated to propel the segment's growth during the forecast period.

India Prevalence of Male Obesity (in percentage), Urban, 20-34 years

Increasing Prevalence of Chronic Diseases is Expected to Propel The Market Growth During The Forecast Period

Diseases such as breast cancer, endocrine cancer, other types of cancer, gall bladder inflammation, and stones, hernia are treated using general surgery.

As per an article published in the PloS One Journal, the prevalence of obesity among Indian adults aged 20-69 years is rapidly increasing. The prevalence of obesity is estimated to reach 9.5% among men and 13.9% among women by 2040. Since bariatric surgery is a commonly used procedure for obese people, the high burden of obesity is expected to propel market growth.

Furthermore, as per an article published in the World Journal of Surgery in January 2021, a total of 3,646 surgeries were estimated annually to meet the surgical needs of the Indian population as compared to the global estimate of 5000 surgeries per 100,000 people. Cesarean section, cataracts, surgeries for fractures, and hernias are the major contributors to surgical needs. The country's high burden of surgical procedures is estimated to propel the market growth.

Health Centers in Rural Areas, India, 2021

India General Surgical Devices Industry Overview

The Indian general surgical devices market is fragmented due to the presence of many companies operating globally and regionally. The competitive landscape includes an analysis of a few international and local companies that hold market shares and are well known. Some of the companies which are currently dominating the market are B. Braun Melsungen AG, Boston Scientific Corporation, Cadence Inc., Conmed Corporation, ERBE Elektromedizin GmbH, Getinge Medical India Pvt. Ltd, Johnson & Johnson, Medtronic PLC, Olympus Corporations, Stryker Corporation, Siemens Healthineers, and Poly Medicure Ltd.

India General Surgical Devices Market Leaders

  1. Cadence Inc.

  2. Conmed Corporation

  3. B. Braun Melsungen

  4. Boston Scientific Corporation

  5. Johnson & Johnson

*Disclaimer: Major Players sorted in no particular order

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India General Surgical Devices Market News

  • September 2022- GE Healthcare launched its first Made in India AI-powered Cath lab called Optima IGS 320 to advance cardiac care in India.
  • April 2022- Paras HMRI Hospital Patna launched the program on Advanced Laparoscopic Surgery. The hospital has all the latest equipment and facilities for laparoscopic surgery.

India General Surgical Devices Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Demand for Minimally Invasive Surgeries and High Rate of Injuries and Accidents

      2. 4.2.2 Increasing Prevalence of Chronic Diseases

    3. 4.3 Market Restraints

      1. 4.3.1 Reimbursement Issues

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Handheld Devices

      2. 5.1.2 Laproscopic Devices

      3. 5.1.3 Electro Surgical Devices

      4. 5.1.4 Wound Closure Devices

      5. 5.1.5 Trocars and Access Devices

      6. 5.1.6 Other Products

    2. 5.2 By Application

      1. 5.2.1 Gynecology and Urology

      2. 5.2.2 Cardiology

      3. 5.2.3 Orthopedic

      4. 5.2.4 Neurology

      5. 5.2.5 Other Applications

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 B. Braun Melsungen AG

      2. 6.1.2 Boston Scientific Corporation

      3. 6.1.3 Cadence Inc.

      4. 6.1.4 Conmed Corporation

      5. 6.1.5 ERBE Elektromedizin GmbH

      6. 6.1.6 Getinge Medical India Pvt. Ltd

      7. 6.1.7 Johnson & Johnson

      8. 6.1.8 Medtronic PLC

      9. 6.1.9 Olympus Corporations

      10. 6.1.10 Stryker Corporation

      11. 6.1.11 Siemens Healthineers

      12. 6.1.12 Poly Medicure Ltd

      13. 6.1.13 CDR MEDICAL INDUSTRIES LTD.

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments
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India General Surgical Devices Industry Segmentation

General surgical devices are specifically designed instruments that are clinically and accurately produced to help surgeons perform surgeries. 

The India General Surgical Devices Market is Segmented by Product (Handheld Devices, Laparoscopic Devices, Electro Surgical Devices, Wound Closure Devices, Trocars and Access Devices, and Other Products) and Application (Gynecology and Urology, Cardiology, Orthopedic, Neurology, and Other Applications). The report offers value (in USD million) for the above segments.

By Product
Handheld Devices
Laproscopic Devices
Electro Surgical Devices
Wound Closure Devices
Trocars and Access Devices
Other Products
By Application
Gynecology and Urology
Cardiology
Orthopedic
Neurology
Other Applications
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India General Surgical Devices Market Research FAQs

The India General Surgical Devices Market is projected to register a CAGR of 6.80% during the forecast period (2024-2029)

Cadence Inc., Conmed Corporation, B. Braun Melsungen, Boston Scientific Corporation and Johnson & Johnson are the major companies operating in the India General Surgical Devices Market.

The report covers the India General Surgical Devices Market historical market size for years: 2021, 2022 and 2023. The report also forecasts the India General Surgical Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

India General Surgical Devices Industry Report

Statistics for the 2024 India General Surgical Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India General Surgical Devices analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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India General Surgical Devices Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)