Healthcare

Indian Laparoscopy Devices Market by Product [Laparoscopes, Energy Devices, Insufflators, Robot-Assisted Surgical Systems, Suction or Irrigation Systems, Closure Devices, Hand Instruments, Access Devices, Accessories, and Others], Applications [General Surgery {Cholecystectomies, Hernia Repairs, Appendectomies, Antireflux Surgeries, and Others}, Bariatric Surgery { Gastric Bypass, Sleeve Gastrectomies, Gastric Banding, and Others}, Gynecological Surgery, Urological Surgery, Colorectal Surgery, and Others], End User [Hospitals, Clinics, and Others] - Opportunity Analysis and Industry Forecast, 2017-2023

  • ALL1633545
  • 110 Pages
  • August 2017
  • Healthcare

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 endometriosis, ectopic pregnancy, pelvic inflammatory disease (PID), cysts, and fibroids.

The key factor driving the Indian laparoscopy devices market is the advent of medical tourism, wherein India is a preferred location for laparoscopic surgery. High patient pool from neighbor countries as India provides good quality healthcare facilities compared to other countries has propelled the market growth.

In addition, cost effective laparoscopic surgeries and the rise in obese population further supplements the market growth. However, unfavorable reimbursement related to laparoscopic surgeries for Indian population will be a key restraint for this market. Nevertheless, the growing investments and funding in healthcare sector will certainly create many lucrative opportunities for various regional key players in this market. The Indian laparoscopy devices market was valued at $490 million in 2016, and is expected to reach at $811 million by 2023, registering a CAGR of 7.3% from 2017 to 2023.

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. Based on applications the market is segmented into general surgery, bariatric surgery, gynecological surgery, urological surgery, colorectal surgery, and others.

In addition, the general surgery is further sub segmented into cholecystectomies, hernia repairs, appendectomies, antireflux surgeries, and others. Whereas, the bariatric surgery is further sub segmented into gastric bypass, sleeve gastrectomies, gastric banding, and others. Based on end user this market is segmented into hospitals, clinics, and others. Among products, laparoscopes occupied the maximum share in 2016 and is expected to maintain this trend during the forecast period. Furthermore, in application, general surgery occupied the maximum share in 2016 owing to the large-scale adoption of laparoscopy devices for cholecystectomies, appendectomies, and hernia repairs.

KEY MARKET BENEFITS

  • The study provides an in-depth analysis of the Indian laparoscopy devices market along with the current trends and future estimations to elucidate the imminent investment pockets.
  • Comprehensive analyses of the factors that drive and restrict the market growth are provided in the report.
  • Comprehensive quantitative analysis of the industry is provided from 2016 to 2023 to assist stakeholders to capitalize on the prevailing market opportunities.
  • Extensive analysis of the key segments of the industry helps in understanding the trends in technologies and techniques used across India.
  • Key market players and their strategies are provided to understand the competitive outlook of the industry.

KEY MARKET SEGMENTS

By Products

  • Laparoscopes
  • Energy Devices
  • Insufflators
  • Robot-assisted surgical systems
  • Suction or Irrigation Systems
  • Closure Devices
  • Hand Instruments
  • Access Devices
  • Accessories
  • Others

By Applications

  • General Surgery
    • Cholecystectomies
    • Hernia repairs
    • Appendectomies
    • Antireflux surgeries
    • Others
  • Bariatric Surgery
    • Gastric bypass
    • Sleeve gastrectomies
    • Gastric banding
    • Others
  • Gynecological Surgery
  • Urological Surgery
  • Colorectal Surgery
  • Others

By End Users

  • Hospitals
  • Clinics
  • Others

KEY MARKET PLAYERS

  • ETHICON ENDO-SURGERY
  • OLYMPUS
  • COVIDIEN
  • BOSTON SCIENTIFIC
  • STRYKER
  • KARL STORZ
  • SMITH & NEPHEW
  • RICHARD WOLF
  • AESCULAP(B. BRAUN)
  • DOLPHIN SURGICALS

The other players in the value chain include (profiles not included in the report)

  • 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
  • JAY SHAKTI INDUSTRIES
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