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.
Browse over 30 market 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.