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India Minimally Invasive Surgical Instruments Market 2019-2025

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  • February 2020
  • Region: India
  • Orion Market Research Private Limited
  • ID: 5116639
India Minimally Invasive Surgical Instruments Market Size, Share & Trends Analysis Report, By Product (Inflation Systems, Cutter Instruments, Guiding Devices, Handheld Instruments, Stents, Sutures, Monitoring and Visualization Equipment, and Robotic Assisted Surgical Systems), By Technology (Endoscopy, Laparoscopy, Robot-Assisted Methods, Arthroscopic Techniques, and Ablative Methods) and Forecast, 2019-2025.

India minimally invasive surgical (MIS) instruments market is expected to grow at a CAGR of around 9.2% during the forecast period. India minimally invasive surgical instruments market is expected to show significant growth in near future owing to increasing prevalence of heart disease. According to the 2016 Global Burden of Disease Report, heart disease is still the major cause of death in India. India has reduced under-five mortality and deaths associated with infectious diseases; however, the country is facing the major challenge of non-communicable diseases, including cerebrovascular disease, Chronic obstructive pulmonary disease (COPD), and diabetes.

A significant number of heart failures were registered in India in 2015. According to Cardiological Society of India, the Trivandrum heart failure (HF) registry was registered 1205 admissions due to HF in 2015, of which 834 in men, indicating 69% of total heart failures in Trivandrum. The mean age was 61.2 years. In addition, the most common cause of HF includes ischemic heart disease, which is accounted for 72% of heart failures in India in 2015. This leads to the demand for coronary angioplasty, a minimally invasive procedure in which a stent is placed into a narrowed or blocked coronary artery to hold it open, which in turn, contributes to the growth of the market in the country.

The major players operating in the market include Abbott Laboratories, Inc., Johnson & Johnson Services, Inc., and Medtronic plc. The players are adopting crucial strategies to expand market share and gain a competitive advantage in the market. For instance, in May 2018, Intuitive Surgical, Inc. declared that it has started direct operations in India, following seven years of conducting business in India through a distributor, Vattikuti Technologies Pvt. Ltd. Over 65 da Vinci surgical systems are currently in use in India. The system has been used by Indian surgeons to perform robotic-assisted procedures in gynecology, urology, thoracic, and general surgery. This move will enable the company to strengthen their commercial operations in the country.

Research Methodology:

The market study of the India minimally invasive surgical instruments market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The research team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings authenticity in our reports.

Secondary Sources Include:
  • Financial reports of companies involved in the market
  • Whitepapers, research-papers, and news blogs
  • Company websites and their product catalog

The report provides an in-depth analysis of pricing, market size, intended quality of the product preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. India Minimally Invasive Surgical Instruments Market Research and Analysis by Product
2. India Minimally Invasive Surgical Instruments Market Research and Analysis by Technology
3. India Minimally Invasive Surgical Instruments Market Research and Analysis by Application

The Report Covers:
  • Comprehensive Research Methodology of the India minimally invasive surgical instruments market.
  • This report also includes a detailed and extensive market overview with key analyst insights.
  • Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
  • Analysis of regional regulations and other government policies impacting the India minimally invasive surgical instruments market.
  • Insights about market determinants which are stimulating the India minimally invasive surgical instruments market.
  • Detailed and extensive market segments with regional distribution of forecast revenues.
  • Extensive profiles and recent developments of market players.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Abbott Laboratories, Inc.
  • Boston Scientific Corp.
  • Edwards Lifesciences Corp.
  • Intuitive Surgical, Inc.
  • Johnson & Johnson Services, Inc.
  • Medtronic plc
  • Smith & Nephew Plc
  • Sterimed Group
  • Stryker Corp.
  • Teleflex, Inc.
  • Terumo Medical Corp.
  • Zimmer Biomet Holdings, Inc.