The global India Electrosurgical Devices Market is estimated to be valued at Us$ 229.95 Mn Or Mn in 2023 and is expected to exhibit a CAGR Of 7.2% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.
Electrosurgical devices deliver electric current to patient tissue for surgical procedures. They are used in minimally invasive surgeries for hemostasis, cutting and coagulation. Electrosurgery offers advantages like precision cutting, reduced blood loss and less post operative pain compared to traditional surgeries.
Market key trends:
Increasing adoption of minimally invasive surgeries (MIS) is one of the key trends fueling the growth of India electrosurgical devices market. MIS offers benefits like reduced hospital stay, lesser pain and scarring compared to open surgeries. They are widely adopted for procedures like cholecystectomy, appendectomy and cardiovascular diseases. Growing geriatric population suffering from chronic diseases in India is another factor driving the demand for MIS and electrosurgical devices.
The India electrosurgical devices market is dominated by electrosurgical generators segment. Electrosurgical generators provide high-frequency alternating current for electrocoagulation and electrocautery procedures. These generators help in precise cutting and coagulation of tissues by delivering different waveforms for cutting and coagulation purposes. The demand for electrosurgical generators is high owing to increasing preference of minimally invasive surgeries among surgeons and patients in India.
The India Electrosurgical Devices Market Size is expected to witness high growth, exhibiting CAGR of 7.2% over the forecast period, due to increasing prevalence of chronic diseases and rising geriatric population in India.
North India currently dominates the India electrosurgical devices market owing to presence of major hospitals and healthcare facilities in states like Delhi, Uttar Pradesh and others. However, South India is expected to grow at the fastest pace during the forecast period due to improving healthcare infrastructure and rising medical tourism in states like Karnataka and Tamil Nadu.
Key players operating in the India electrosurgical devices market are 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. Medtronic plc. holds the leading position in India electrosurgical devices market due to its wide range of electrosurgical products for coagulation and vessel sealing.