India Minimally Invasive Surgical Instruments Market By Type (Endoscopes, Laparoscopy Instruments, Electrosurgery, Others), By Application (Abdominal, Neurology, ENT and Cancer, etc. ), By End-User (Hospitals, Surgical Centers), By Region, Competition, Forecast & Opportunities, FY2026.
New York, Aug. 20, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "India Minimally Invasive Surgical Instruments Market By Type, By Application, By End-User, By Region, Competition, Forecast & Opportunities, FY2026" - https://www.reportlinker.com/p05952941/?utm_source=GNW
India minimally invasive surgical instruments market is projected to grow from an estimated $ 630 million in FY 2021 to $ 880 million by FY 2026.The country’s minimally invasive surgical instruments market is majorly driven by increase in the aging population.
Additionally, scars from minimally invasive surgery are much smaller than from traditional open surgeries, which is expected to propel the market growth through FY2026. Continuing technological advancements in the healthcare sector is further anticipated to bolster the growth of minimally invasive surgical instruments market in India over the next five years.
The sudden outbreak of pandemic COVID-19 and nationwide lockdown has significantly decreased the demand for minimally invasive surgical instruments as the number of surgeries has reduced during this time due to the shortage of hospital beds.India minimally invasive surgical instruments market is segmented based on type, application, end-users, and region.
Based on application, the India minimally invasive surgical devices market is segmented into abdominal, neurology, ENT and cancer, and other segments. Among them, the abdominal surgeries dominated the market in terms of revenue until FY2019, which can be accredited to increasing usage of colonoscope and gastroscope.
Major players operating in India minimally invasive surgical instruments market include India Medtronic Pvt. Ltd., Johnson & Johnson Private Limited, Stryker India Pvt. Ltd, B.Braun Medical India Pvt.Ltd., Abbott India Limited, Smith & Nephew Healthcare Pvt Ltd, Zimmer Biomet India, Boston Scientific India Pvt Ltd, Becton Dickinson Private Limited, Conmed Linvatec India Pvt Ltd and others. The companies are developing new surgical instruments in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions to expand their geographic reach.
Years considered for this report:
Historical Years: FY2016 - FY2019
Base Year: FY2020
Estimated Year: FY2021
Forecast Period: FY2022 - FY2026
Objective of the Study:
• To analyze and estimate the market size of India minimally invasive surgical instruments market from FY2016 to FY2019.
• To estimate and forecast the market size of India minimally invasive surgical instruments market from FY2020 to FY2026 and growth rate until FY2026.
• To classify and forecast India minimally invasive surgical instruments market based on type, application, end-users, company and regional distribution.
• To identify dominant region or segment in the India minimally invasive surgical instruments market.
• To identify drivers and challenges for India minimally invasive surgical instruments market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India minimally invasive surgical instruments market.
• To identify and analyze the profile of leading players operating in India minimally invasive surgical instruments market.
• To identify key sustainable strategies adopted by market players in India minimally invasive surgical instruments market.
The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of market players across the country.
Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.
Through this technique, the analyst could include the manufacturers/suppliers which could not be identified due to the limitations of secondary research. The analyst examined the manufacturers, distribution channels and presence of all major players across the country.
The analyst calculated the market size of India minimally invasive surgical instruments market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size.
Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.
Key Target Audience:
• Minimally invasive surgical instruments manufacturers, suppliers, distributors and other stakeholders
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to minimally invasive surgical instruments
• Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, India minimally invasive surgical instruments market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Market, By Type:
o Laparoscopy Instruments
Laparoscopy Access Instruments
Laparoscopy Handheld Instruments
• Market, By Application:
o ENT and Cancer
• Market, By End User:
o Surgical Centers
• Market, By Region:
Company Profiles: Detailed analysis of the major companies present in India minimally invasive surgical instruments market.
With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:
• Detailed analysis and profiling of additional market players (up to five).
Read the full report: https://www.reportlinker.com/p05952941/?utm_source=GNW
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