India Electrosurgical Devices Market Is Driven By Increasing Demand...

India Electrosurgical Devices Market Is Driven By Increasing Demand For Minimally Invasive Surgeries

Posted 2024-03-11 10:23:06

Electrosurgical devices are commonly used in minimally invasive surgical procedures such as laparoscopy and arthroscopy. These devices utilize high frequency electric currents to cut, coagulate, desiccate or fulgurate tissues and blood vessels. They have become integral to modern surgical practice due to advantages such as less blood loss, fewer complications, reduced hospital stay and recovery time as compared to traditional open surgeries. The growing burden of chronic diseases and rising geriatric population in India is leading to a higher number of surgical procedures. As minimally invasive surgeries offer less post-surgical discomfort and faster recovery, their demand is increasing considerably. According to the Indian Society of Gastrointestinal Endoscopy (ISGE), laparoscopic procedures increased by about 40% between 2008 and 2018.

The India electrosurgical devices market is estimated to be valued at US$ 264.91 Mn in 2024 and is expected to exhibit a CAGR of 2.4% over the forecast period 2024 to 2031.

Key players operating in the India electrosurgical devices market are First Care Products, TyTek Group., PerSys Medical, IBC, and H&H Medical Corporation. First Care Products is one of the leading domestic players offering a comprehensive range of electrosurgical generators and accessories. TyTek Group manufactures electrosurgical equipment under the brand names Medtronic, Bovie and Serc.

The demand for India Electrosurgical Devices Market Growth significantly due to the rising preference for minimally invasive surgeries over traditional open surgeries. Minimal incisions, reduced blood loss, fewer complications and shorter hospital stay have made minimally invasive procedures highly desirable for both patients and surgeons. The rapidly ageing Indian population is also leading to higher number of surgical procedures annually.

Indian companies are expanding globally to tap the growth opportunities in international markets. Many domestic players are obtaining ISO and CE certification to export their products to regulated markets in Europe, Middle East and Africa. Private equity investments and mergers & acquisitions have also accelerated in recent years with foreign companies looking to gain access to the fast growing Indian surgical devices market.

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