India HPB Surgical Devices Market to Grow with a CAGR of 5.18% through 2028
Rise in the incidence of urological surgery conditions and rising ageing
population is expected to drive the India HPB Surgical Devices Market
growth in the forecast period, 2024-2028.
According to TechSci Research report, “India HPB Surgical Devices Market -Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2028”, the India HPB Surgical Devices Market stood at USD 5,550.21 Million in 2022 and is
anticipated to grow with a CAGR of 5.18% in the forecast period, 2024-2028. The
primary drivers include the increasing prevalence of liver, gall bladder, and
pancreatic diseases, and the growing geriatric population susceptible to these
conditions.
Advancements in surgical technologies, the rise in
healthcare expenditure, and increased awareness about early disease detection
and diagnosis are further encouraging the market growth. The trend towards
minimally invasive surgical procedures, which offer quicker recovery times and
lower complication rates, also plays a significant role in the market
expansion.
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The India HPB (Hepato-Pancreato-Biliary) Surgical Devices market is a burgeoning segment in the country's healthcare
sector. This growth can be primarily attributed to the escalating incidence of
hepato-pancreato-biliary diseases, such as liver cirrhosis, gallstones,
pancreatitis, and HPB cancers. These conditions have driven the demand for
specialized surgical devices in this domain. A significant propelling factor
behind this growth is technological development. The advent of minimally
invasive techniques, such as laparoscopic instruments, energy devices,
robot-assisted surgical systems, and ultrasound aspirators, has revolutionized
HPB surgeries. These techniques offer numerous benefits, including lesser
complications, quicker recovery, and reduced hospital stays. Additionally, the
integration of 3D imaging technology has further enhanced surgical precision,
making these devices indispensable tools in the field.
Another key factor contributing to the growth of the
market is the government's investment in healthcare infrastructure and its
focus on medical tourism. The establishment of specialized HPB surgical
centers, along with the training of surgeons and investments in high-tech
medical devices, has substantially improved surgical outcomes. This has
attracted foreign patients seeking affordable and quality HPB care, thus
fueling market growth.
However, the market also faces challenges. The high
cost of surgical devices and procedures can be a barrier for a large segment of
the population. Additionally, the technical proficiency required to operate
advanced devices necessitates professional training, which may not be readily
accessible to all.
Nevertheless, despite these hurdles, the India HPB Surgical Devices market shows promising potential. As technology
continues to evolve and healthcare accessibility improves, this market is
likely to witness significant growth. The myriad opportunities and ongoing
advancements make this an exciting and promising area for healthcare providers,
medical device manufacturers, and investors alike.
The India HPB Surgical Devices Market is
segmented into product, indication, end user, regional distribution, and company.
Based on product, Endoscopes are currently dominating
the HPB (Hepato Pancreato Biliary) surgical devices market in India,
and for good reason. Their minimally invasive nature, coupled with advancements
in technology, has revolutionized the field. These cutting-edge devices empower
surgeons to perform complex HPB surgeries with unparalleled precision,
resulting in reduced complications and faster recovery times for patients.
Moreover, the increasing awareness about the multitude
of benefits offered by minimally invasive surgeries has fueled the demand for
endoscopes in HPB surgeries. Patients are now more informed and are actively
seeking out hospitals and surgeons who specialize in this advanced technique.
Fortunately, India boasts a growing pool of highly skilled endoscopic surgeons,
further bolstering the adoption of endoscopes in HPB surgeries across the
country. With their remarkable capabilities and the continuous advancements in
this field, endoscopes are poised to continue their dominance in the Indian HPB
surgeries market, ensuring improved outcomes and a brighter future for patients
in need of these intricate procedures.
Based on region, The India HPB
(Hepato-Pancreato-Biliary) Surgical Devices Market is predominantly
dominated by North India, and this can be attributed to a multitude of factors.
The region boasts a significant number of large, technologically advanced
hospitals and medical facilities that have garnered a reputation for
excellence, attracting patients not only from across the country but also from
beyond its borders. These healthcare institutions are equipped with
state-of-the-art infrastructure and cutting-edge medical technologies, enabling
them to provide top-notch healthcare services in the field of HPB surgeries. The
high population density in North India plays a crucial role in driving the
demand for HPB surgeries and consequently, the market for surgical devices.
With a larger patient pool, there is a greater need for advanced surgical
interventions, contributing to the growth of the market. The region's bustling
cities and urban centers are home to millions of individuals who may require
HPB surgeries due to various health conditions.
Furthermore, the presence of highly skilled surgeons
and specialists in North India adds to the region's dominance in the market.
These medical professionals possess extensive expertise and experience in
performing HPB surgeries, instilling confidence in patients and attracting them
to seek treatment in this region. The robust healthcare infrastructure in North
India further facilitates the use of advanced surgical devices, as these
devices are readily available and integrated into the healthcare system. North
India's dominance in the India HPB Surgeries Surgical Devices Market can be
attributed to a combination of factors, including the presence of
technologically advanced healthcare facilities, a high population density, and
a pool of skilled surgeons and specialists. These factors, along with robust
healthcare infrastructure, contribute to the growth and success of the market
in this region.
Major companies operating in India HPB Surgeries
Surgical Devices Market are:
- Abbott Healthcare Pvt Ltd.
- Johnson & Johnson Ltd
- B. Braun India
- Boston Scientific India Private Limited
- Cardinal Health International India Pvt
Ltd
- Conmed Devices Pvt Ltd.
- Cook India Medical Devices Pvt. Ltd
- ORIGIO India Pvt Ltd (CooperSurgical,
Inc.)
- India Medtronic Pvt. Ltd.
- Stryker (India) Private Ltd
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“The future scenario of India's
Hepato-Pancreato-Biliary (HPB) Surgical Devices Market could be
shaped by several factors. The market is likely to experience significant
growth due to the increasing incidence of liver, pancreatic, and biliary tract
diseases in the country. Coupled with the increasing adoption of minimally
invasive surgical procedures, the demand for related surgical devices is
expected to rise. Moreover, technological advancements in HPB surgical devices,
such as the development of robotic surgical systems, could further propel
market growth.,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based management consulting firm.
“India HPB Surgical Devices Market By Product (Endoscope, Electrosurgery, Hand Instruments,
Access Instrument, Surgical Stapling Devices, Energy/Vessel Sealing Devices, Fluid
Management System, Robotic Surgical System, Stents, Accessories), By Indication
(Liver Cancer, Pancreatic Cancer, Gallstones, Bile Duct cancer, Pancreatitis,
Others), By End User (Hospitals & Clinics, Ambulatory Surgery Centres,
Others), By Region, Competition, Forecast & Opportunities, 2018-2018F”, has evaluated the future growth potential of India HPB
Surgeries 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 HPB
Surgeries Surgical Devices Market.
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