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.