India Thoracic Surgical Devices Market to Grow at a Formidable Rate During Forecast Period
Increasing prevalence of cardiac disorders to drive the growth of India thoracic surgical devices market
According
to TechSci Research report, “India
Thoracic Surgical Devices Market By Product, By Indication (Lung Cancer,
Lymphoma, Mediastinal tumours, Others), By End users (Hospitals (Public,
Private), Surgical centres, Others), By Region, Competition, Forecast &
Opportunities, 2025” the India thoracic surgical
devices market is expected to grow at a formidable rate during the forecast
period owing to increasing number of patients suffering from cardiovascular
diseases and lung disorders in the country. Additionally, associated advantages
of the surgery such as less pain & blood loss, lesser treatment &
hospitalization time, lower risks of infections post-surgery, among others are
further projected to propel the market over the next few years. Furthermore,
increasing expenditure by the government on R&D activities related to cardiovascular
& pulmonary diseases in the country is projected to spur the market through
2025. Also, increase in healthcare expenditure coupled with growing disposable
income of the population is further expected to spur the market over the next
few years. However, high cost of the surgical devices can hamper the growth of
market during forecast period. Additionally, the need for skilled healthcare
professionals for performing the surgery can further restrict the market over
the next few years. Also, lack of awareness among the population regarding the
complications associated with video assisted thoracic surgeries are further
expected to slow down the market growth over the next few years. Associated
complications such as hemorrhage, wound infection, pneumonia, among others are also
expected to hinder the growth of market through 2025. Furthermore, stringent
regulatory policies and delays in approvals can further obstruct the market
growth.
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The India thoracic surgical devices market is segmented based on product,
indication, end users, region and company. Based on product, the market can be
categorized into endoscope (bronchoscope, esophagoscope), electrosurgery
(generators, instruments and accessories), hand instruments (forceps, scissors
and others), access instrument (trocars, retractors), surgical stapling
devices, robotic surgical system, stents graft (thoracic ), thoracic surgery
devices, energy/vessel sealing devices and accessories. The laparoscope
(endoscope) is expected to dominate the market during the forecast period. This
can be accredited to the increasing awareness of laparoscopic surgeries and
growing number of new product advancements and launches in the segment.
Additionally, growing adoption of laparoscopes in the hospitals is further expected
to spur the growth of segment during forecast years. Based on end users, the
market can be fragmented into hospitals (public, private), surgical centers,
others. The hospitals segment is expected to dominate the market through 2025.
This can be ascribed to the increase in demand for minimal invasive surgical
procedures in the country. Additionally, increase in government spending for
the improvement of healthcare facilities and development of healthcare
infrastructure is further fostering the growth of segment. The private
hospitals segment holds a larger share owing to the availability of skilled
professionals to perform the surgeries and presence of advanced healthcare
facilities & treatment options.
Medtronic, Olympus Corporation,
Karl Storz, Pentax Medical, Richard Wolf GmbH, Boston Scientific Corporation,
Johnson & Johnson, Conmed Corporation, Koninklijke Philips N.V., Biolitec
AG, Teleflex Incorporated, Medline Industries, Inc., Cook Medical, Pal
Surgicals, Genuine Medica Pvt. Ltd. and others are some of the
leading players operating in India thoracic surgical devices market. The companies operating in the market are using organic
strategies such as product launches, mergers and collaborations to boost their
share.
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“India thoracic surgical devices market is to witness significant
growth during the forecast period owing to the rising expenditure on CVDs and
lung diseases in the country. Additionally, rising adoption of technologically
advanced thoracic surgery devices are anticipated to drive the market through 2025.
Furthermore, supportive government initiatives and policies for the improvement
of healthcare facilities in the country is further expected to fuel the growth
of market over the next few years.” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“India Thoracic Surgical Devices Market By Product,
By Indication (Lung Cancer, Lymphoma, Mediastinal tumours, Others), By End
users (Hospitals (Public, Private), Surgical centres, Others), By Region,
Competition, Forecast & Opportunities, 2025” 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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