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Indian Laparoscopy Devices Market by Leading Players Johnson & Johnson (Ethicon, Inc.), Olympus Corporation, Medtronic PLC. (Covidien), Boston Scientific Corporation, Stryker Corporation, Karl Storz GmbH & Co.KG, Smith & Nephew PLC., Richard Wolf GmbH, B.

09-18-2018 06:03 AM CET | Health & Medicine

Press release from: Allied Market Research

Indian Laparoscopy Devices Market-AMR

Indian Laparoscopy Devices Market-AMR

According to a new report published by Allied Market Research, titled, Indian Laparoscopy Devices Market by Product, Application and End User: Opportunity Analysis and Industry Forecast, 2017-2023," the Indian laparoscopy devices market was valued at $490 million in 2016, and is projected to reach $811 million by 2023, growing at a CAGR of 7.3% from 2017 to 2023. The energy devices segment accounted for one fourth share of the total market in 2016.

The report provides a comprehensive analysis of the key players operating in the Indian laparoscopic devices market such as Johnson & Johnson (Ethicon, Inc.), Olympus Corporation, Medtronic PLC. (Covidien), Boston Scientific Corporation, Stryker Corporation, Karl Storz GmbH & Co.KG, Smith & Nephew PLC., Richard Wolf GmbH, B. Braun Melsungen AG (Aesculap, Inc.), and Dolphin Surgicals.

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The other players in the value chain of the Indian laparoscopy devices market include Medical Equipment India (MEI), Universe Surgical Equipment Co., Xcellance Medical Technologies Pvt Ltd., Hospiinz International, INDIA PRIVATE LIMITED, Bharat Surgical Co, Masppo Medical Devices, Hib Surgicals, SI Surgical Pvt. Ltd, and Jay Shakti Industries.

Laparoscopy is a minimally invasive surgical procedure that assists in the diagnosis of various abdominal and pelvic disorders, such as cysts, adhesions, fibroids, and infection that occurs in the female pelvic organs. Laparoscopy is also known as keyhole surgery, and it is performed by creating a small incision. Laparoscopes are inserted through a small incision in the abdomen, which captures pictures of the abdominal organs. This procedure also assists in performing a biopsy of tissues and surgeries, such as cholecystectomy (laparoscopic gallbladder surgery), appendectomies (removal of appendix) and anti-reflux surgery, treatment for acid reflux, also known as GERD
(gastroesophageal reflux disease).

Indian laparoscopic devices market is fueled by the growing number of minimally invasive procedures along with the rising disposable income. In addition, rise in the number of obese population, growth in laparoscopic-based bariatric surgeries for weight reduction will supplement the growth of Indian laparoscopy devices market. However, lack of awareness regarding newly developed laparoscopy products along with unfavorable reimbursement policies will restraint market growth. Moreover, the growing investments and funding in healthcare sector will certainly create many lucrative opportunities for various regional key players in this market.

The robot-assisted surgeries segment is anticipated to grow with a high CAGR of 8.1% during the forecast period. This is attributed to the fact that robot-assisted laparoscopic surgeries are becoming a preferred modality over open surgeries as the former offers greater visualization, enhanced dexterity, and greater precision.

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Bariatric surgery application accounts for about two-ninths of the total share in 2016, driven by the growth in number of surgeries, such as gastric bypass, sleeve gastrectomy, and gastric banding. The growth in obese patients is expected to increase chances of related diseases, such as cardiovascular diseases, cancer, osteoarthritis, and diabetes, in turn increasing the demand for laparoscopic based bariatric surgery in India.

About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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