The electrosurgical devices market in India is expected to grow at the highest pace owing to increasing healthcare infrastructure and rising number of hospitals in the country. Electrosurgical devices are medical devices that utilize high-frequency alternating current delivered via a thin wire to cut tissues, coagulate them to stop bleeding, or fulgurate tissues which destroy them through heat alone. Such devices are commonly used in various minimally invasive surgical procedures such as laparoscopic surgeries for procedures such as endometriosis, uterine fibroids, ulcerative colitis, and Crohn's disease.
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 Takeaways
Key players operating in the India electrosurgical devices are First Care Products, TyTek Group., PerSys Medical, IBC, H&H Medical Corporation. These players are investing significantly in R&D to improve product designs and launch new cost-effective product offerings.
The demand for India Electrosurgical Devices Market Size is growing owing to the increasing healthcare infrastructure in the country. The number of hospitals as well as surgical procedures performed are rising steadily which is driving the demand for various electrosurgical devices in India.
Technological advancements are helping the electrosurgical devices provide more precise and efficient surgeries with reduced chances of complications or side effects. Companies are launching products with advanced energy delivery modes and digital controls to perform complex surgeries easily.
Market Trends
Precision surgery - Advances in electrosurgery technology allow for more precise surgical treatments with minimal damage to surrounding tissues resulting in quicker recovery times for patients.
Digitalization - Many new electrosurgical devices feature integrated digital controls and energy delivery modes for automated, precise treatments. This trend is expected to grow further with more AI integration.
Market Opportunities
Increasing healthcare expenditure - Growing allocation for healthcare infrastructure development in India is expected to boost hospital additions and surgical treatments providing opportunities for electrosurgical device adoption.
Rural expansion - Government initiatives are promoting healthcare access in rural and remote areas through new hospital and clinic openings offering scope for players to tap new customer clusters.
Impact of COVID-19 on India Electrosurgical Devices Market
The COVID-19 pandemic has had a notable influence on the growth trajectory of the India electrosurgical devices market. During the initial lockdown phases imposed by the government to curb the spread of the virus, elective surgeries across the country were postponed to focus resources on potential COVID-19 patients. This substantially dented demand for various electrosurgical equipment like bipolar electrosurgical devices, monopolar electrosurgical devices and electrosurgery generators that are an integral part of such procedures. However, with easing of restrictions in late 2020 and development of treatment protocols, elective surgeries slowly resumed throughout 2021, aiding a gradual recovery in sales of electrosurgical devices.
Nevertheless, the overall market growth over the next few years is expected to be lower than the pre-COVID estimates due to short and long-term changes brought about by the pandemic. Hospitals continue to face financial troubles after diverting attention and funds towards COVID-19 management over the last two years. This may hamper their ability and timeline for upgrading electrosurgical device fleets. Moreover, patients remain wary of visiting hospitals for non-emergency procedures owing to infection risk perceptions. This could hamper volume growth especially for non-critical electrosurgical applications. Market players need to incentivise hospitals via financing schemes and ensure strict adherence to disinfection protocols to boost customer confidence.
In terms of regional concentration, Maharashtra accounts for the largest share of the Indian electrosurgical devices market predominantly due to the state being the economic hub and having highest number of hospitals as well as medical professionals. North India particularly Delhi NCR and Uttar Pradesh are also major regional markets supported by rapidly growing healthcare infrastructure and spending in these states. Meanwhile, South India states especially Karnataka and Telangana have emerged as the fastest growing regional markets over the last few years attributed to proactive government initiatives to promote medical tourism as well as establishment of large hospitals and cancer care institutes.
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