India Minimally Invasive Surgical Devices Market: Size, Share and Competitive Landscape Research by 2029 - TechSci Research

In recent years, the India Minimally Invasive Surgical (MIS) Devices Market has witnessed significant growth and innovation, driven by technological advancements, increasing healthcare investments, and a rising demand for less invasive treatment options. According to the TechSci Research report titled "India Minimally Invasive Surgical Devices Market Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2019-2029," the market was valued at USD 704.17 million in 2023 and is expected to exhibit an impressive CAGR of 5.59% through 2029. This growth trajectory is fueled by various factors, including collaborative partnerships among leading companies, advancements in surgical techniques, and the introduction of innovative MIS devices.

Market Dynamics

The treatment of urological and gynecological conditions emerges as a significant driver of the demand for MIS Devices in India. Urological conditions such as kidney stones, benign prostatic hyperplasia (BPH), urinary incontinence, and urologic cancers affect both men and women, leading to a preference for less invasive treatment options. MIS techniques like endoscopic procedures, laparoscopy, and robot-assisted surgery offer minimal scarring, shorter recovery times, and less pain, thus gaining traction among patients and healthcare providers.

Similarly, gynecological conditions such as uterine fibroids, endometriosis, pelvic organ prolapse, and abnormal uterine bleeding are common among women of all ages. Many women facing these conditions desire fertility preservation, making minimally invasive gynecological surgeries an attractive option. Advancements in MIS have expanded the range of gynecological procedures performed using less invasive techniques, including laparoscopic and robotic-assisted surgeries.

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Technological Innovations

In December 2022, Abbott, a global healthcare company, introduced its latest generation transcatheter aortic valve implantation (TAVI) system, NavitorTM, in India. This minimally invasive device targets individuals with severe aortic stenosis who are at high or extreme surgical risk. Navitor incorporates innovative features designed to prevent blood leakage around the valve, enhancing Abbott's comprehensive portfolio of structural heart transcatheter solutions. Notably, Navitor includes a unique fabric cuff (NaviSeal) that reduces or eliminates paravalvular leak (PVL), a common complication after TAVI procedures. This advanced design improves hemodynamics and optimizes blood flow, demonstrating the continuous innovation in MIS devices aimed at improving patient outcomes.

Competitive Landscape

The India MIS Devices Market is characterized by intense competition, with multiple domestic and international companies vying for market share. Companies are investing heavily in research and development to introduce newer and more advanced MIS devices, thereby creating a highly competitive environment. International companies with a global presence often compete in multiple countries, leveraging substantial resources and broad product portfolios to gain a competitive edge.

Price competition is also prevalent in the MIS market, with companies reducing prices to gain market share. This pricing pressure can pose challenges for companies with higher production costs, impacting profit margins. Additionally, competition exists within each specialty area of MIS devices, including urology, gynecology, orthopedics, and cardiology, as companies strive to provide specialized solutions tailored to specific medical needs.

Market Segmentation

The India Minimally Invasive Surgical Devices Market is segmented based on Type, Surgery Type, End-user, and Region. Among the segments, Handheld Instruments, Surgical Scopes, Cutting Instruments, Guiding Devices, Electrosurgical Devices, and Others constitute the product categories offered in the market. Cutting instruments, specialized tools used by surgeons to make precise incisions and dissect tissues during minimally invasive procedures, play a crucial role in minimizing tissue trauma and achieving surgical objectives with minimal scarring.

Regionally, North India holds the largest share in the India MIS Devices Market, driven by a concentration of specialized healthcare providers offering a wide range of minimally invasive surgeries. Skilled healthcare professionals, state government healthcare initiatives, and growing patient awareness about the benefits of MIS procedures contribute to the region's prominence in medical tourism.

Benefits of Minimally Invasive Surgical Devices

1. Reduced Trauma and Faster Recovery

MIS devices offer minimally invasive procedures that result in reduced tissue trauma, shorter hospital stays, and faster recovery times compared to traditional open surgeries. Patients experience less post-operative pain and can resume their daily activities sooner, improving overall quality of life.

2. Improved Patient Outcomes

Technological advancements in MIS devices enable surgeons to perform complex procedures with precision and accuracy, leading to improved patient outcomes. Reduced complications, minimal scarring, and shorter recovery times contribute to higher patient satisfaction and better long-term prognosis.

3. Enhanced Surgical Precision

MIS devices provide surgeons with advanced tools and technologies that enhance surgical precision and control. With smaller incisions and specialized instruments, surgeons can access targeted areas more precisely, reducing the risk of damage to surrounding tissues and organs.

The India Minimally Invasive Surgical Devices Market presents lucrative opportunities for growth and innovation, driven by increasing demand for less invasive treatment options, technological advancements, and competitive dynamics. Collaborative partnerships, investments in research and development, and the introduction of innovative MIS devices are shaping the market landscape and improving patient outcomes. As the market continues to evolve, companies must focus on innovation, adaptability, and strategic collaborations to maintain a competitive edge and address evolving healthcare needs in India.

Some of the major companies operating in the India Minimally Invasive Surgical Devices Market include:

• India Medtronic Private Limited

• Olympus Medical Systems India Private Limited

• Fujifilm India Private Limited

• Johnson & Johnson Medical India Limited

• Stryker India Private Limited

• Smith & Nephew Healthcare Pvt. Ltd.

• KARL STORZ Endoscopy India Pvt. Ltd.

• Om Surgicals Private Limited

• Western Trading Company

• Advin Healthcare Private Limited

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“Certain areas, particularly in North America, are projected to exert significant demand for Minimally Invasive Surgical Devices. The growth in the competitive landscape and the presence of well-established companies in the market, committed to enhance the overall wellbeing of people each year, are expected to contribute to a remarkable growth of the India Minimally Invasive Surgical Devices Market in the forecast period," said Mr. Karan Chechi, Research Director with TechSci Research, a research-based Global management consulting firm.

India Minimally Invasive Surgical Devices Market by Type (Handheld Instruments, Surgical Scopes, Cutting Instruments, Guiding Devices, Electrosurgical Devices, Others), By Surgery Type (Gastrointestinal, Gynecology, Urology, Cardiovascular, Others), By End User (Hospitals & Specialty Clinics, Ambulatory Surgical Centers, Others), By Region, By Competition Forecast & Opportunities, 2019-2029F has evaluated the future growth potential of India Minimally Invasive Surgical Devices Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide innovative 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 Minimally Invasive Surgical Devices Market.

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