According to the latest report by IMARC Group, titled "India Minimally Invasive Surgery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the India minimally invasive surgery market to grow at a CAGR of 6.73% during 2022-2027. Minimally invasive surgery refers to the medical procedure that causes minimal pain, fewer complications, a shorter hospital stay and less damage to the body. It is done using a small-sized camera, tubes and surgical instruments that are inserted through small incisions to perform various surgeries. Additionally, it is done through computer-controlled robots, which involves the utilization of a console equipped with two master controllers. It assists surgeons to view a high-definition 3D image of internal organs that allows precise control of the surgery. In India, due to the increasing geriatric population, there has been a considerable rise in the preference for minimally invasive surgery.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
India Minimally Invasive Surgery Market Trends:
The market in India is primarily driven by the rising prevalence of chronic disorders and the inflating disposable income levels of individuals. In line with this, the increasing demand for cosmetic surgeries due to the growing consciousness for maintaining an aesthetic appearance among the masses is creating a positive outlook for the market. For instance, the escalating preference for soft tissue fillers is providing a boost to the demand for minimally invasive cosmetic surgeries across the country. Furthermore, continuous improvements in the healthcare infrastructure are further catalyzing the market growth. In addition to this, the increasing investments by private and public firms for upgrading the existing healthcare sector are driving the market. Apart from this, continual technological advancements and the widespread integration of the internet of things (IoT) and robotics with the procedure are also acting as major growth-inducing factors. Other factors, including rapid urbanization and extensive research and development (R&D) activities conducted by key players to introduce specialized instruments, are positively influencing the market across India.
- On the basis of the type, the market has been segmented into surgical devices, laparoscopy devices, and monitoring and visualization devices.
- Based on the application, the market has been segregated into bariatric, breast, cardiac, cosmetic, gastrointestinal, gynaecological, orthopedics and spine, thoracic, and other surgeries.
- On the basis of the end-user, the market has been classified into hospitals, clinics and others.
- Based on the region, the market has been divided into North India, West and Central India, South India, and East India.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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