India electrosurgical devices market

India Electrosurgical Devices Market, by Product Type (Electrosurgery Instruments (Bipolar Instruments and Monopolar Instruments), Electrosurgery Accessories (Cords, Cables, and Adapters, Patient Return Electrodes or Dispersive Electrodes, and Foot Switches, Carts, and Tip Cleaners), and Electrosurgery Generators and Smoke Evacuation Systems), by Application (General Surgery, Cosmetic Surgery, Orthopedic Surgery, Gynecological Surgery, Cardiovascular Surgery, Ophthalmology Surgery, and Others), by End User (Hospitals and Clinics and Ambulatory Surgical Centers) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028

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Dec 2021
CMI4843
113 Pages
Excel & Pdf
Medical Devices

Summary

Electrosurgical device is a surgical unit utilized to destroy tissue, incise tissue through desiccation, and to manage bleeding by coagulating blood. Electro surgery is the procedure that involves high energy alternating current usage to raise the intracellular temperature in order to achieve vaporization or a combination of protein coagulation and desiccation of biological tissue. Electrosurgical devices are utilized in general surgery, gynecological surgery, orthopedic surgery, cardiovascular surgery, cosmetic surgery, and ophthalmology surgery. Electrosurgical devices are used to carry out tissue ablation, desiccation, coagulation, fulguration, and tissue cutting procedures.

Electrosurgery involves conversion of electromagnetic energy into kinetic energy inside the tissue of biological cell which is again converted to thermal energy by providing the desired effect.

The India electrosurgical devices market is estimated to be valued at US$ 200.1 million in 2021 and is expected to exhibit a CAGR of 7.2% over the forecast period (2021-2028).

Figure 1. India Electrosurgical Devices Market Share (%), By Product Type, 2021

The increasing product launches and approvals are expected to drive the market growth over the forecast period.

For instance, in May 2018, Olympus Corporation, a leading manufacturer of optical and digital precision technology, launched DualKnife J, an endoscopic submucosal dissection (ESD) electrosurgical knife. The device has been integrated with submucosal injection to support efficient, safe, and more reliable ESD performance.

India Electrosurgical Devices Market Report Coverage

Report Coverage	Details
Base Year:	2020	Market Size in 2021:	US$ 200.1 Mn
Historical Data for:	2017 to 2020	Forecast Period:	2021 to 2028
Forecast Period 2021 to 2028 CAGR:	7.2%	2028 Value Projection:	US$ 310.1 Mn
Geographies covered:	India
Segments covered:	By Product Type: (Electrosurgery Instruments (Bipolar Instruments and Monopolar Instruments), Electrosurgery Accessories (Cords, Cables, and Adapters, Patient Return Electrodes or Dispersive Electrodes, and Foot Switches, Carts, and Tip Cleaners), and Electrosurgery Generators and Smoke Evacuation Systems By Application: (General Surgery, Cosmetic Surgery, Orthopedic Surgery, Gynecological Surgery, Cardiovascular Surgery, Ophthalmology Surgery, and Others) By End User: (Hospitals and Clinics and Ambulatory Surgical Centers)
Companies covered:	Medtronic plc., CONMED Corporation, Ethicon, Inc., Symmetry Surgical Inc., B. Braun Melsungen AG, Olympus Corporation, Erbe Elektromedizin GmbH, Innoblative Designs, Inc., Stryker Corporation, OmniGuide Inc., and PENTAX Medical
Growth Drivers:	Increasing burden of non-communicable diseases Increasing medical tourism in India Rising research and development activities for safe electrosurgical devices Increasing products approval and launches
Restraints & Challenges:	Inadequate access to quality healthcare services

Figure 2. India Electrosurgical Devices Market Share (%), By Application, 2021

The increasing research and development activities for the development of safer devices for electrosurgery is expected to drive the market growth over the forecast period.

For instance, in February 2019, PENTAX Medical, a division of HOYA Group delivering endo-imaging solutions, launched novel electrosurgical and argon plasma coagulation (APC) platforms, the ENDO ARC and ENDO PLUS. ENDO PLUS provides endoscopic resections containing loops or knife electrodes as well as safe modes which are customizable and three Gastro-Cut modes throughout polypectomy and papillotomy. ENDO ARC offers ‘contact-free’ operation for argon-assisted electrosurgery.

India Electrosurgical Devices Market – Impact of Coronavirus (Covid-19) Pandemic

The COVID-19 pandemic and lockdown in various countries across the globe has negatively impacted the financial status of businesses across all sectors. The COVID-19 pandemic has impacted the entire supply chain of the healthcare industry mainly due to strict lockdown in several regions. Likewise, COVID-19 pandemic is expected to have a significant impact on the India electrosurgical devices market.

Indian economy has been affected due to the COVID-19 pandemic in several ways such as supply and demand cycle, restricting the distribution channel, and financial impact on manufacturing companies.

India Electrosurgical Devices Market: Restraint

The healthcare system in India is inadequate, inefficient, and unevenly distributed. For instance, according to an article ‘Medical Device Industry in India’, published in 2017 by AdvaMed (the Advanced Medical Technology Association) and collaborator, 69% of Indian population resides in rural area and rest of the Indian population lives in urban area. 73% of qualified consulting doctors reside in urban areas and only 8% and 19% of medical professionals are available in rural and semi-rural areas, respectively and dealing with the specialist area such as electrosurgery and minimally invasive surgery. This results in a lack of access to advanced medical devices such as electrosurgical devices in India, which may hinder the growth of India electrosurgical devices market.

Key Players

Major players operating in India electrosurgical devices market include Medtronic plc., CONMED Corporation, Ethicon, Inc., Symmetry Surgical Inc., B. Braun Melsungen AG, Olympus Corporation, Erbe Elektromedizin GmbH, Innoblative Designs, Inc., Stryker Corporation, OmniGuide Inc., and PENTAX Medical.

Table of Content

*Browse 12 market data tables and 16 figures on "Electrosurgical Devices Market” – India forecast to 2028

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- Frequently Asked Questions -

What is the current market size and compound annual growth rate (CAGR) of the India electrosurgical devices market during the forecast period (2021-2028)?

The India electrosurgical devices market size is estimated to be valued at US$ 200.1 million in 2021 and is expected to exhibit a CAGR of 7.2% between 2021 and 2028.

What are the major factors driving the W?

The increasing burden of non-communicable diseases and medical tourism in India, increasing product approvals by regulatory authorities, and research and development activities for the development of safe electrosurgical devices are expected to drive the market growth over the forecast period.

Which is the leading product type segment in the market?

Electro surgery generators and smoke evacuation systems segment holds a major market share, owing to increasing research and development activities to develop novel electrosurgical devices.

What are the key factors hampering growth of the market?

Major factors hampering the growth of the market include inadequate access to quality healthcare services in India.

Which are the major players operating in the market?

Major players operating in the market include Medtronic plc., CONMED Corporation, Ethicon, Inc., Symmetry Surgical Inc., B. Braun Melsungen AG, Olympus Corporation, Erbe Elektromedizin GmbH, Innoblative Designs, Inc., Stryker Corporation, OmniGuide Inc., and PENTAX Medical.