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The Indian laparoscopy devices market was valued at $490 million in 2016, and is expected to reach at $811 million by 2023, registering a CAGR of 7.3% from 2017 to 2023.
The key factor driving the Indian laparoscopy devices market is the advent of medical tourism, wherein India is a preferred location for laparoscopic surgery. High patient pool from neighbor countries as India provides good quality healthcare facilities compared to other countries has propelled the market growth.
In addition, cost effective laparoscopic surgeries and the rise in obese population further supplements the market growth. However, unfavorable reimbursement related to laparoscopic surgeries for Indian population will be a key restraint for this market. Nevertheless, the growing investments and funding in healthcare sector will certainly create many lucrative opportunities for various regional key players in this market.
KEY MARKET PLAYERS
- Ethicon Endo-Surgery
- Boston Scientific
- Karl Storz
- Smith & Nephew
- Richard Wolf
- Aesculap(B. Braun)
- Dolphin Surgicals
The Other Players In The Value Chain Include (Profiles Not Included In The Report)
- Medical Equipment India (Mei)
- Universe Surgical Equipment Co.
- Xcellance Medical Technologies Pvt Ltd.
- Hospiinz International
- India Private Limited
- Bharat Surgical Co
- Masppo Medical Devices
- Hib Surgicals
- Si Surgical Pvt. Ltd
- Jay Shakti Industries
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Executive Summary
Chapter 3 Market Overview
Chapter 4 Laparoscopy Devices Market, By Product
Chapter 5 Laparoscopy Devices Market, By Application
Chapter 6 Laparoscopy Devices Market, By End User
Chapter 7 Company Profiles
More information can be found here.