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India Minimally Invasive Surgery Devices Market Size (2024 - 2029)

The Indian market for minimally invasive surgery devices is projected to experience growth over the forecast period, driven by factors such as the increasing prevalence of lifestyle-related and chronic disorders, which heightens the demand for surgical treatments. Despite the initial impact of the pandemic, which temporarily hindered market expansion due to reduced patient admissions, the introduction of innovative products by key players is anticipated to enhance surgical success and boost market adoption. Additionally, the rising incidence of road accidents contributing to the demand for surgeries further supports market growth. However, challenges such as a shortage of skilled professionals and stringent regulatory frameworks may impede the market's expansion.

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Market Size of India Minimally Invasive Surgery Devices Industry

India Minimally Invasive Surgery Devices Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 7.60 %
Market Concentration Medium

Major Players

India Minimally Invasive Surgery Devices Market Major Players

*Disclaimer: Major Players sorted in no particular order

India Minimally Invasive Surgery Devices Market Analysis

The Indian market for minimally invasive surgery devices is expected to register a CAGR of 7.6% over the forecast period.

The market has been impacted by the pandemic, and various research studies have provided insight into the effects on several surgical procedures. According to the study published in the African Journal of Urology, in July 2021, during the COVID-19 lockdown, the number of urology patients admitted indoors dropped by 93.86% in India. Stone disease, hematuria, and malignancy accounted for 53.65%, 15.85%, and 9.75% of indoor admissions. The drop in stone disease patients during the pandemic led to decreased adoption of minimally invasive devices, which hindered the market's growth. However, initiatives such as product launches by key market players are expected to boost the market's growth. For instance, in January 2021, SSI Innovations launched its SSI multi-arm novel telerobotic assistance surgical system in India. Such product launches are expected to increase surgical success, which is expected to increase its adoption, thereby boosting the market's growth during the forecast period.

The increasing prevalence of lifestyle-related and chronic disorders is one of the key factors boosting the market growth. For instance, as per the ICMR 2021 Report, it has been observed that the number of cancer patients in India was expected to rise from 26.7 million in 2021 to 29.8 million in 2025. Increasing cancer cases are expected to increase the demand for its treatment which may involve surgical treatment for patients which is expected to increase the market growth over the forecast period. Increasing road accidents are also another factor in market growth. For instance, the article published in Europe PMC in June 2021 stated that pertrochanteric fractures were observed in 72.8% of the patients, while neck femur fractures were observed in 27%. The report also mentioned that 21.2% were injured because of road traffic accidents. Such a prevalence of hip fractures is expected to drive the demand for surgeries, thereby contributing to the growth of the market during the forecast period. Initiatives by key market players are another factor in market growth. For instance, in September 2021, Hugo's robotic-assisted surgery (RAS) system's first clinical procedure in Asia-Pacific by Medtronic PLC was carried out on the robotic prostatectomy at Apollo Hospitals in Chennai, India. Such factors are expected to augment the market growth.

However, the lack of skilled professionals and stringent regulatory frameworks are expected to hinder the market growth.

India Minimally Invasive Surgery Devices Industry Segmentation

Minimally-invasive surgical devices refer to electrosurgical systems, robot-assisted surgical systems, and surgical equipment used during minimally-invasive procedures. 

The Indian market for minimally invasive surgery devices is segmented by product (handheld instruments, guiding devices, electrosurgical devices, endoscopic devices, robotic-assisted surgical systems, ablation devices, and other MIS devices) and application (aesthetic, cardiovascular, gastrointestinal, gynecological, orthopedic, urological, and other applications). The report offers the values (in USD million) for the above segments.

By Product
Handheld Instruments
Guiding Devices
Electrosurgical Devices
Endoscopic Devices
Robotic Assisted Surgical Systems
Ablation Devices
Other MIS Devices
By Application
Aesthetic
Cardiovascular
Gastrointestinal
Gynecological
Orthopedic
Urological
Other Applications
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India Minimally Invasive Surgery Devices Market Size Summary

The Indian market for minimally invasive surgery devices is poised for significant growth, driven by a combination of factors including the increasing prevalence of lifestyle-related and chronic disorders, such as cancer and obesity. The demand for surgical treatments is expected to rise, fueled by the growing number of cancer cases and road traffic accidents leading to fractures. Key market players are actively launching innovative products, such as robotic-assisted surgical systems, which are anticipated to enhance surgical success and adoption rates. Despite the challenges posed by the pandemic, which temporarily hindered market growth, initiatives like the Atma Nirbhar Bharat mission are fostering a conducive environment for the medical devices sector, aiming to position India as a global manufacturing hub.

The market landscape is moderately competitive, with both international and local companies offering minimally invasive surgery options. Major players such as Abbott Laboratories, GE Healthcare, and Medtronic PLC are contributing to market dynamics through strategic product launches and collaborations. These efforts are expected to bolster the adoption of advanced surgical technologies, thereby driving market expansion. However, the market faces challenges such as a shortage of skilled professionals and stringent regulatory frameworks, which could impede growth. Nonetheless, the increasing investments and awareness in medical devices, coupled with the rising demand for aesthetic surgeries, are likely to sustain the upward trajectory of the market during the forecast period.

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India Minimally Invasive Surgery Devices Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Demand of Minimally-invasive Surgeries Over Traditional Surgeries

      2. 1.2.2 Rising Prevalence of Lifestyle-related and Chronic Disorders

    3. 1.3 Market Restraints

      1. 1.3.1 Lack of Skilled Professionals

      2. 1.3.2 Stringent Regulatory Framework

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value - USD million)

    1. 2.1 By Product

      1. 2.1.1 Handheld Instruments

      2. 2.1.2 Guiding Devices

      3. 2.1.3 Electrosurgical Devices

      4. 2.1.4 Endoscopic Devices

      5. 2.1.5 Robotic Assisted Surgical Systems

      6. 2.1.6 Ablation Devices

      7. 2.1.7 Other MIS Devices

    2. 2.2 By Application

      1. 2.2.1 Aesthetic

      2. 2.2.2 Cardiovascular

      3. 2.2.3 Gastrointestinal

      4. 2.2.4 Gynecological

      5. 2.2.5 Orthopedic

      6. 2.2.6 Urological

      7. 2.2.7 Other Applications

India Minimally Invasive Surgery Devices Market Size FAQs

The India Minimally Invasive Surgery Devices Market is projected to register a CAGR of 7.60% during the forecast period (2024-2029)

Olympus Corporation, GE Healthcare, Medtronic PLC, Siemens AG and Smith & Nephew PLC are the major companies operating in the India Minimally Invasive Surgery Devices Market.

India Minimally Invasive Surgery Market Report Snapshots

India Minimally Invasive Surgery Devices Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)