India Surgical Staplers Market to Grow at CAGR of 6.07% through 2028
Increasing prevalence of chronic diseases to
drive the India surgical staplers’ market during the forecast period, 2023-2027
According to TechSci Research report, “India Surgical Staplers Market–
By Region, Forecast and Opportunities, 2018-2028”, the India surgical staplers market stood at USD 28.30 million in 2022
and is expected to register a CAGR of 6.07% during the forecast period. The rise
in prevalence of coronary artery diseases, technological advancements, and
unhealthy lifestyle are the primary factors driving the demand for the India surgical
staplers market. In India, as the population of overweight and obese people are
increasing, the overall prevalence of heart-related ailments is rising too.
This is due to the lack of physical activity and unhealthy choices made by the
people in the country. Growing expansion of healthcare facilities, increasing
investments in healthcare sector, rising patient awareness and geriatric,
bariatric population are expected to influence the market demand.
However, stringent regulatory requirement, high
manufacturing cost of technologically-enhanced devices, and the availability of
effective first-line treatments may hamper the growth of the market during the
forecast period.
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data Figures spread through 70 Pages and an in-depth TOC on "India Surgical Staplers Market"
The India surgical staplers can
be segmented into product type, technology, usability, application, end
user, and region.
Based on usability, the
market can be bifurcated into disposable surgical staplers and reusable
surgical staplers. The disposable surgical staplers segment dominated the
market in 2022 with an overall share of 81.91%. This can be ascribed to the
increasing use of disposable consumables and devices for wound incision and
closure. Besides, the risks of infection are very minimal while using
disposable surgical staplers, thereby driving the segmental growth. Moreover,
the COVID-19 pandemic crisis has significantly contributed to an increase in
adoption of disposable devices in healthcare industry in order to minimize the
risk of infection. In terms of technology, the market can be split into manual
surgical staplers and powered surgical staplers. The manual surgical staplers
dominated the market in 2022 with an overall share of 88.39% on account of
their easy availability and low cost.
By end user, the market can
be categorized into hospitals & clinics, ambulatory care centers, and
others. The hospitals & clinics segment is expected to dominate the market during
the forecast period on account of increasing number of surgical and
non-surgical procedures performed in these settings where surgical staplers are
widely used.
Major companies operating
in India surgical staplers market include:
- 3M India Limited
- India Medtronic Pvt. Ltd.
- Stryker India Pvt. Ltd.
- Johnson & Johnson Medical (India)
Ltd.
- Becton Dickinson India Private Limited
- B. Braun Medical (India) Pvt. Ltd.
- GPC Medical Ltd.
- Advin Healthcare
- Meril Lifesciences India Pvt. Ltd.
- Healthium Medtech Limited
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“India surgical staplers market is expected to witness significant growth
during the forecast period on account of increasing minimally invasive
procedures being performed. An increase in number of road accidents and
injuries further supports the demand for surgical staplers in India.
Additionally, increase in emergence of players manufacturing surgical staplers
under Aatmanirbhar Bharat is expected to create lucrative opportunities for the
market growth in the next few years” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based global management consulting
firm.
“India
Surgical Staplers Market, By Product Type (Skin Staplers, Linear Staplers,
Circular Staplers, Endoscopic Staplers, Others), By Technology (Manual Surgical
Stapler v/s Powered Surgical Stapler), By Usability (Disposable Surgical
Stapler v/s Reusable Surgical Stapler), By Application (General Surgery,
Gynecology Surgery, Cardiac Surgery, Bariatric Surgery, Cosmetic Surgery,
Colorectal Surgery, Others), By End User (Hospitals & Clinics, Ambulatory
Care Centers, Others), By Region, Competition Forecast & Opportunities,
2028”, has evaluated
the future growth potential of India surgical staplers 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 the India surgical staplers market.
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