India Electrosurgical Devices Market is Estimated to Witness High Growth Owing to Rising Prevalence of Chronic Diseases
The Global India Electrosurgical Devices Market is estimated to be valued at US$ 630 million in 2024 and is expected to exhibit a CAGR of 7.2% over the forecast period 2024-2031.
Naufan Cmi
The India electrosurgical devices market comprises electrosurgical generators, electrosurgical instruments & accessories, and smoke evacuation systems. Electrosurgical generators produce high-frequency alternating current, which is used for electrosurgery procedures. Electrosurgical instruments & accessories include bipolar & monopolar electrosurgical devices used for cutting, coagulation, and desiccation of tissues. Smoke evacuation systems prevent the inhalation of smoke produced during electrosurgery. Electrosurgical devices find widespread applications in various general surgery, gynecology, urology, and other specialty procedures due to benefits such as reduced blood loss, minimal damage to surrounding tissues, and versatile functionality.
The Global India Electrosurgical Devices Market is estimated to be valued at US$ 630 million in 2024 and is expected to exhibit a CAGR of 7.2% over the forecast period 2024-2031.
Key Takeaways
Key players operating in the India electrosurgical devices are Medtronic, Olympus Corporation, Conmed Corporation, B. Braun Melsungen AG, Erbe Elektromedizin GmbH.
The key opportunities in the India electrosurgical devices market include rising healthcare infrastructure and expenditure, growing medical tourism, and increasing adoption of minimally invasive surgeries.
The India electrosurgical devices market is expected to witness significant growth owing to expanding product portfolio of key players to address the unmet needs and rising prevalence of chronic diseases due to growing geriatric population, unhealthy lifestyle, and improved diagnosis.
Market Drivers:
The major driver boosting the India Electrosurgical Devices Market Growth is the rising prevalence of chronic diseases such as cancer, cardiovascular, neurology, and others. As per the Indian Council of Medical Research, cancer burden in India rose to 14.5 lakhs new cancer cases in 2020 from 13.9 lakhs in 2018. This rising incidence of cancer and other chronic diseases is increasing the demand for effective treatment such as electrosurgery, thereby propelling the market growth of electrosurgical devices in India.
PEST Analysis
Political: The Indian government supports the healthcare industry through various favorable policies and regulations to improve access to healthcare for citizens.
Economic: Rising disposable incomes and growth of medical tourism in India is positively impacting the demand for advanced electrosurgical devices in the country.
Social: With growing awareness about diseases and available treatment options, people in India are willing to spend more on healthcare and avail quality treatment.
Technological: Advancements in electrosurgery techniques allow for minimally invasive surgeries with less pain and blood loss for patients. Use of bipolar and monopolar technologies further improves precision and safety.
Geographical Concentration
In terms of value, North India especially New Delhi, Mumbai and other major cities account for the highest consumption of electrosurgical devices currently. This is due to concentration of major private and public hospitals, medical institutes and availability of skilled surgeons.
Fastest Growing Region
South India is expected to be the fastest growing region for India electrosurgical devices market during the forecast period. This is attributed to factors like rising medical tourism, increasing investments by both public and private healthcare providers towards expansion and modernization of healthcare facilities.
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Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc.
