India Minimally Invasive Surgery Devices Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented by Products and Application (Aesthetic, Cardiovascular, Gastrointestinal, Gynecological, Orthopedic, Urological, and Other Applications)

Market Snapshot

Study Period:

2017-2025

Base Year:

2019

CAGR:

7.6 %

Major Players:

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Market Overview

The market is expected to witness a robust growth due to increasing demand of minimally-invasive surgeries over traditional surgeries and rising prevalence of lifestyle-related and chronic disorders. In minimally invasive surgery, doctors use various methods to operate with minimal damage to the body as opposed to traditional open surgery. In general, minimally invasive surgery is associated with less pain, a shorter hospital stay, and fewer complications. By developing true integrated solutions, minimally invasive procedures are beginning to replace traditional surgical care in other medical domains as well. The demand for this surgery is increasing at a very high rate, due to several factors that include higher accuracy rate with relatively reduced pain, and less infections. Thus, owing to the benefits associated with minimally invasive surgeries, the adoption rate is increasing, which may drive the overall growth of market.

Scope of the report

As per the scope of the report, minimally-invasive surgical devices refer to electrosurgical systems, robot-assisted surgical systems, and surgical equipment, which are used during the minimally-invasive procedure. The market is segmented by products and application.

By Products
Handheld Instruments
Guiding Devices
Electrosurgical Devices
Endoscopic Devices
Robotic Assisted Surgical Systems
Ablation Devices
Other MIS Devices
By Application
Aesthetic
Cardiovascular
Gastrointestinal
Gynecological
Orthopedic
Urological
Other Applications

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Key Market Trends

Gastrointestinal Segment is Expected to Show Better Growth in the Forecast Years

Based on Application, the market is segmented into aesthetic, cardiovascular, gastrointestinal, gynecological, orthopedic, urological and other applications. The growth of this segment is attributed to rising incidence of gastrointestinal diseases in the young, adult, and geriatric people. Dyspepsia, irritable-bowel syndrome, and constipation are some of the examples of gastrointestinal disorders. Minimally invasive surgery has gained popularity for benign diseases and has proved its safety and efficacy over traditional methods, owing to which, it has gained substantial attention in the past several years. Furthermore, with the increase in the government’s continuous effort to improve the health of people, along with rising geriatric population, the number of gastrointestinal surgeries is bound to rise, which is expected to fuel the market growth over the forecast period.

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Competitive Landscape

The market studied  is moderately competitive and there are several international as well as local companies that are present in India and are providing Minimally Inasvive Surgery (MIS) solutions. The major players in the India minimally invasive surgery devices market are Abbott Laboratories, GE Healthcare, Koninklijke Philips N.V, Medtronic PLC, Olympus Corporation, Siemens AG, Smith & Nephew plc, Stryker Corporation, and Zimmer Biomet.

Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 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 Increasing Demand of Minimally-invasive Surgeries over Traditional Surgeries

      2. 4.2.2 Rising Prevalence of Lifestyle-related and Chronic Disorders

    3. 4.3 Market Restraints

      1. 4.3.1 Lack of Skilled Professionals

      2. 4.3.2 Stringent Regulatory Framework

    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 Products

      1. 5.1.1 Handheld Instruments

      2. 5.1.2 Guiding Devices

      3. 5.1.3 Electrosurgical Devices

      4. 5.1.4 Endoscopic Devices

      5. 5.1.5 Robotic Assisted Surgical Systems

      6. 5.1.6 Ablation Devices

      7. 5.1.7 Other MIS Devices

    2. 5.2 By Application

      1. 5.2.1 Aesthetic

      2. 5.2.2 Cardiovascular

      3. 5.2.3 Gastrointestinal

      4. 5.2.4 Gynecological

      5. 5.2.5 Orthopedic

      6. 5.2.6 Urological

      7. 5.2.7 Other Applications

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Abbott Laboratories

      2. 6.1.2 GE Healthcare

      3. 6.1.3 Koninklijke Philips NV

      4. 6.1.4 Medtronic PLC

      5. 6.1.5 Olympus Corporation

      6. 6.1.6 Siemens AG

      7. 6.1.7 Smith & Nephew plc

      8. 6.1.8 Stryker Corporation

      9. 6.1.9 Zimmer Biomet

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

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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