Press Release

India Thoracic Surgical Devices Market to Grow with a CAGR of 5.88% through 2029

Growing preference for minimally invasive surgical procedures and rising prevalence of cardiovascular diseases is expected to drive the India Thoracic Surgical Devices Market growth in the forecast period, 2025-2029.

 

According to TechSci Research report, “India Thoracic Surgical Devices Market -Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”, the India Thoracic Surgical Devices Market stood at USD 550.41 Million in 2023 and is anticipated to grow with a CAGR of 5.88% in the forecast period, 2025-2029.  An increase in the prevalence of thoracic diseases, such as lung cancer and esophageal cancer, has led to a higher demand for thoracic surgical devices.

Additionally, advancements in medical technology and the increasing adoption of minimally invasive procedures are contributing to the market growth. The government's efforts to improve healthcare infrastructure and accessibility, coupled with a growing middle class that can afford advanced medical treatments, are also significant factors in this trend.

                                                                                             

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "India Thoracic Surgical Devices Market.”

 

India's thoracic surgical devices market is experiencing rapid and dynamic growth, fueled by various factors. Advancements in medical technology have paved the way for innovative surgical procedures, while the prevalence of thoracic diseases and an aging population have increased the demand for effective treatments. The market reflects a broader trend in the healthcare sector, with a shift towards less invasive surgical techniques gaining popularity. Video-assisted thoracic surgery (VATS), for instance, has emerged as a preferred option for both doctors and patients due to its advantages over traditional open surgery. VATS offers reduced surgery time, decreased blood loss, and shorter hospital stays, contributing to its rising adoption.

Within this market, devices associated with less invasive procedures, including stapling devices and energy devices, play a significant role. These devices offer improved patient outcomes and are in high demand among thoracic surgeons.

To further emphasize the potential of the Indian market, it is essential to consider the country's vast population of over 1.3 billion. The prevalence of factors such as smoking and rising pollution levels has led to an increase in respiratory diseases, creating a greater need for thoracic surgeries. In fact, India currently has the highest number of chronic obstructive pulmonary disease (COPD) patients in the world, a condition that often requires thoracic intervention.Recognizing this immense potential, medical device manufacturers are eager to tap into the Indian market. However, challenges such as the high cost of devices and the shortage of skilled healthcare professionals trained in advanced surgical procedures pose obstacles to market growth. Despite these challenges, the growing healthcare infrastructure, government initiatives, and private sector investments in the healthcare sector are expected to fuel further growth in the thoracic surgical devices market.

The Indian market is characterized by the presence of both local and global players, leading to intense competition. To stay ahead, companies in this sector constantly strive to innovate and provide technologically advanced solutions. Mergers, acquisitions, and partnerships are common strategies employed by these companies to expand their product offerings and strengthen their market position.The thoracic surgical devices market in India is a rapidly evolving space with significant growth potential. Factors such as the increasing prevalence of thoracic diseases, an aging population, advancements in technology, and the shift towards less invasive surgical procedures are driving market expansion. Despite challenges related to device costs and skilled professional shortages, the Indian market offers lucrative opportunities for medical device manufacturers willing to navigate these hurdles.

 

The India Thoracic Surgical Devices Market is segmented into product, indication, end user, regional distribution, and company.Based on end user, hospitals and clinics in India are leading the Thoracic Surgical Devices Market for several key reasons. One primary factor is the significant rise in the prevalence of thoracic diseases, such as lung cancer and esophageal cancer, which has resulted in a higher demand for thoracic surgical interventions. Furthermore, advancements in thoracic surgical procedures and technology have not only enhanced patient outcomes but also increased the adoption of these procedures in hospitals and clinics nationwide. Additionally, the availability of experienced and specialized professionals in these healthcare settings further drives market growth as patients seek high-quality care from skilled practitioners. The increase in healthcare infrastructure, combined with government initiatives for healthcare improvement, has created a favorable environment for the expansion of the thoracic surgical devices market in India, positioning it as a dominant player in the industry.

Based on region, In the Indian Thoracic Surgical Devices market, the Northern region is anticipated to hold a dominant position. This can be attributed to its robust healthcare infrastructure, which includes state-of-the-art medical facilities and well-trained healthcare professionals. Additionally, there is an increasing awareness about thoracic surgeries among the population in this region, leading to a higher demand for thoracic surgical devices. Moreover, the Northern region has witnessed a rise in the prevalence of thoracic diseases, such as lung cancer and tuberculosis, which further drives the demand for these devices.

On the other hand, the Southern region is expected to show significant growth in the coming years. This can be attributed to the increasing healthcare expenditure in this region, which enables the adoption of advanced thoracic surgical technologies. With a focus on improving healthcare facilities and services, the Southern region has been able to attract skilled surgeons and invest in innovative surgical techniques. These advancements in thoracic surgical technologies have led to better patient outcomes and increased patient satisfaction. As a result, the demand for thoracic surgical devices is expected to witness substantial growth in the Southern region.

 

Major companies operating in India Thoracic Surgical Devices Market are:

  • India Medtronic Pvt. Ltd.
  • Olympus Medical Systems India Pvt Ltd.
  • Richard Wolf India Private Limited
  • Boston Scientific India Private Limited
  • Johnson & Johnson Ltd
  • CONMED DEVICES PVT. LTD.
  • Philips India Limited
  • Biolitec India Pvt. Ltd.
  • Genuine Medica Pvt. Ltd.

 

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“The future of the Thoracic Surgical Devices Market in India looks promising due to the increasing prevalence of thoracic diseases and the continuous advancements in surgical techniques. The market is anticipated to witness significant growth, driven by factors such as the rising geriatric population, the expanding healthcare sector, and the increasing awareness about early disease detection and treatment. Moreover, the introduction of minimally invasive thoracic surgical devices in India is expected to further spur market growth, offering efficient solutions with shorter recovery times and lower risk of complications.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

India Thoracic Surgical Devices Market By Product (Endoscope, Electrosurgery, Hand Instruments, Access Instrument, Surgical Stapling Devices, Robotic Surgical System, Stents Graft, Thoracic Surgery Devices, Vessel Sealing Devices, Accessories), By Indication (Lung Cancer, Lymphoma, Mediastinal Tumors, Others), By End User (Hospitals & Clinics, Ambulatory Surgery Centers, Others), By Region, Competition, Forecast & Opportunities, 2018-2018F”, has evaluated the future growth potential of India Thoracic Surgical Devices Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Thoracic Surgical Devices Market.


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