India Colorectal Surgical Devices Market to Grow at a Formidable Rate until 2025
Increasing prevalence of colorectal cancer to drive the growth of India colorectal surgical devices market
According
to TechSci Research report, “India
Colorectal Surgical Devices Market By Product (Endoscope, Electrosurgery,
Access Instrument, Surgical Stapling Devices, Energy/Vessel Sealing Devices,
Fluid Management System, Accessories), By Indication (Diverticulitis, Cancer,
Ulcerative colitis, Crohn's disease, Others), By End users (Hospitals (Public,
Private), Surgical centres, Others), By Region, Competition, Forecast &
Opportunities, 2025” the India colorectal surgical
devices market is expected to grow at a formidable rate during the forecast
period owing to increasing awareness among the population pertaining to different
colorectal diseases and available treatment options. Additionally, growing
demand for minimal invasive surgeries is further projected to propel the market
over the next few years. Furthermore, increasing expenditure by the government
on R&D activities related to colorectal surgery in the country is anticipated
to spur the market through 2025. Also, increase in healthcare expenditure
coupled with growing disposable income of the population is further expected to
fuel 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 related to colorectal surgeries and associated post
operation risks are further expected to slow down the market growth over the
next few years. Unstable reimbursement policies also hinder the growth of
market through 2025.
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The India colorectal surgical devices market is segmented based on product,
indication, end users, region and company. Based on product, the market can be
categorized into endoscope (sigmoidoscope, colonoscope, laparoscope),
electrosurgery (generators, instruments and accessories), hand instruments
(forceps, scissors and others), access instrument (trocars, retractors),
surgical stapling devices, energy/vessel sealing devices, fluid management
system (laparoscopy) 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. The hand instruments (forceps,
scissors and others) segment is expected to witness significant growth during
forecast period on account of their widespread use throughout the colorectal
surgical procedures. For instance, scissors are used for excision and
dissection of skin during colorectal surgery. Based on end users, the market
can be fragmented into hospitals (public, private), surgical centres, 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 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.
B. Braun Melsungen AG, Becton
Dickinson and Company, Boston Scientific and Corporation, Conmed Corporation,
Cook Medical, Dolphin Surgicals, G.T.B Surgical Industries, Hebson, Johnson
& Johnson, Karl Storz, Koninklijke Philips N.V., Major Surgical Co.,
Medtronic, Olympus Corporation, Pentax Medical, Richard Wolf, Smith &
Nephew, Stryker Corporation, Teleflex Incorporated, Universal Surgical
Equipment Co and others are some of the leading players
operating in India colorectal 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
colorectal surgical devices market is expected to witness significant growth during
the forecast period owing to the rising incidences of colorectal cancer in the
country. Additionally, growing number of patient pool with diseases such as Diverticulitis,
Crohn’s Disease, among others will drive the demand for minimally invasive colorectal
surgical procedures, thereby driving the market in the country. Furthermore,
supportive government initiatives and policies for the improvement of
healthcare facilities in the country is anticipated 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 Colorectal Surgical Devices Market By Product
(Endoscope, Electrosurgery, Access Instrument, Surgical Stapling Devices,
Energy/Vessel Sealing Devices, Fluid Management System, Accessories), By
Indication (Diverticulitis, Cancer, Ulcerative colitis, Crohn's disease,
Others), By End users (Hospitals (Public, Private), Surgical centres, Others),
By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of India colorectal
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 colorectal
surgical devices market.
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