India Colorectal Surgical Devices Market to Grow with a CAGR of 6.20% through 2029
Increasing prevalence of diverticulitis and increase in geriatric
population is expected to drive the India Colorectal Surgical Devices Market
growth in the forecast period, 2025-2029.
According to TechSci Research report, “India Colorectal
Surgical Devices Market -Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2029”, the India Colorectal Surgical Devices
Market stood at USD
250.21 Million in 2023 and is anticipated to grow with a CAGR of 6.20% in the forecast
period, 2025-2029. The growth of the colorectal surgical devices market in
India is driven by several factors. The primary driver is the rising incidence
of colorectal diseases in the region due to dietary changes and lifestyle
factors such as increased sedentary behavior.Other significant factors include the growing
awareness about early diagnostic procedures, advancements in surgical
techniques, and increased healthcare spending. Moreover, the market is being
positively impacted by government initiatives promoting the use of advanced
surgical devices and the rising preference for minimally invasive surgeries
among both patients and healthcare providers.
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India's colorectal surgical devices market is
experiencing a significant surge due to a confluence of factors. The growing
incidence of colorectal diseases, such as colorectal cancer, inflammatory bowel
diseases, and gastrointestinal diseases, is primarily driving the demand for
these surgical devices. The trend of minimally invasive surgeries, which cause
less pain and offer faster recovery, is also propelling the market.
Moreover, the continuous advancements in technology
have led to the development of innovative and efficient colorectal surgical
devices. These innovations have not only improved the success rates of the
surgeries but also decreased the postoperative complications. For instance,
robotic surgery, a breakthrough in the field of colorectal surgeries, provides
the surgeon with superior visibility and precision during the operation, which
significantly enhances the surgical outcomes.
In addition to this, the steady rise in the geriatric
population in India, which tends to have a higher risk of colorectal diseases,
is further fuelling the market. Likewise, the increase in healthcare
expenditure and the growing awareness about colorectal diseases and their
treatments amongst the population have also had a positive impact on the market.
These factors contribute to the expanding market landscape and create
opportunities for further growth. However, the market faces challenges in terms
of the high cost of these surgical devices and the lack of sufficient skilled
professionals to handle these advanced devices. These issues can impede the
accessibility of these treatments for certain sections of the population,
limiting their benefits. Efforts are being made to address these challenges
through collaborations between healthcare providers, manufacturers, and
educational institutions to enhance training programs and reduce costs.
Despite these obstacles, it is anticipated that the
market will continue to grow. The government's initiatives towards improving
healthcare infrastructure, coupled with the increasing investment by private
players in the medical devices industry, are expected to provide a further
impetus to the market. Furthermore, the potential introduction of more
affordable and high-quality indigenous devices can help address the issue of
cost and thereby expand the reach of these treatments. The India colorectal
surgical devices market presents a dynamic landscape with several opportunities
and challenges. The market's future trajectory will be shaped by how
effectively it addresses the existing barriers and leverages technological
advancements to meet the growing need for high-quality colorectal surgical
treatments. With the right interventions, the market has the potential to
significantly improve the quality of colorectal healthcare in the country,
benefiting a larger section of the population and contributing to overall
healthcare outcomes.
The India Colorectal Surgical Devices Market is
segmented into product, indication, end user, regional distribution, and
company.
Based on product, in the India colorectal Surgical
Devices Market, the product expected to dominate is the Surgical Stapling
Devices. These innovative devices, equipped with advanced technology and
ergonomic design, are increasingly being used in colorectal surgeries. Their
ability to provide precise and controlled stapling ensures minimal tissue
trauma and improved surgical outcomes. Moreover, Surgical Stapling Devices
offer a range of benefits, including reduced post-operative complications and
faster recovery times for patients. By facilitating efficient wound closure and
minimizing the risk of leaks or bleeding, these devices contribute to enhanced
patient safety and satisfaction.
The high efficiency and effectiveness of Surgical
Stapling Devices have made them the preferred choice for both skilled surgeons
and patients seeking optimal outcomes. With their superior performance and
proven track record, these devices have emerged as the leading product in the
India Colorectal Surgical Devices Market, revolutionizing the field of
colorectal surgery.
Based on region, the Western region, which includes
states such as Maharashtra and Gujarat, is expected to exert significant
dominance in the Indian Colorectal Surgical Devices Market. This can be
attributed to various factors, including the region's robust healthcare
infrastructure, which includes state-of-the-art facilities and advanced medical
technology. Additionally, the Western region boasts a high level of patient
awareness when it comes to colorectal health and surgical procedures, leading
to increased demand for advanced surgical devices.
Moreover, the presence of renowned healthcare
institutions and hospitals in this region further contributes to its expected
dominance in the market. These institutions not only provide top-notch medical
services but also serve as centers of excellence for research and innovation in
colorectal surgery. This collaborative environment fosters the development and
adoption of cutting-edge surgical devices, positioning the Western region as a
frontrunner in the Indian Colorectal Surgical Devices Market. With its superior
healthcare infrastructure, patient awareness, and access to advanced surgical
devices, the Western region is poised to lead the way in providing effective
and innovative solutions for colorectal surgical procedures in India.
Major companies operating in India Colorectal Surgical
Devices Market are:
- Philips India Ltd
- Major Surgical Co.
- India Medtronic Pvt. Ltd.
- Olympus Medical Systems India Pvt Ltd.
- PENTAX Medical India Pvt. Ltd.
- Richard Wolf India Private Limited
- Smith & Nephew Healthcare Pvt Ltd
- Stryker (India) Private Ltd
- Teleflex India
- Universal Surgical Equipment Co
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“The future of the Indian Colorectal Surgical Devices
Market appears highly promising. This is due to the escalating prevalence of
colorectal diseases and the growing demand for minimally invasive surgical
procedures, which offer numerous benefits to patients. Moreover, the market is
expected to witness significant growth driven by technological advancements.
For instance, the increasing adoption of robot-assisted surgeries is
revolutionizing the field of colorectal surgery, allowing for greater precision
and improved patient outcomes. These advancements are poised to shape the
market landscape and contribute to its continued expansion in the coming years.,”
said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“India Colorectal
Surgical Devices Market By Product (Endoscope, Electrosurgery, Access
Instrument, Surgical Stapling Devices, Energy/Vessel Sealing Devices, Fluid
Management System, Accessories), By Indication (Diverticulitis, Cancer,
Ulcerative colitis, Crohn's disease, Others), By End User (Hospitals &
Clinics, Ambulatory Surgery Centers, Others), By Region, Competition, Forecast
& Opportunities, 2018-2018F”, has evaluated
the future growth potential of India Colorectal Surgical Devices Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in India Colorectal Surgical Devices Market.
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