May 22, 2024
India Electrosurgical Devices Market

The India Electrosurgical Devices Market Is Expected To Be Flourished By Increasing Number Of Surgical Procedures

Electrosurgical devices are commonly used to cut and coagulate tissues in minimally invasive surgeries. Some key products associated with this market include electrosurgical generators, electrodes, and accessories. Electrosurgical generators deliver radiofrequency energy to electrodes placed on or near the surgical site to cut, coagulate, or desiccate tissues. These devices provide precise energy delivery and help control bleeding during surgical procedures. The growing adoption of minimally invasive techniques and the rising number of surgical procedures are driving the demand for electrosurgical devices in India.

The global 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, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics

Increasing Number of Surgical Procedures: The rising incidence of chronic diseases and trauma cases has increased the number of surgical procedures performed in India each year. As per government estimates, nearly 380,000 elective surgeries are performed across India annually. The growing number of surgeries is directly increasing the demand for electrosurgical devices to control bleeding, dissect tissues, and perform other functions. This driver is expected to significantly contribute to the growth of the India electrosurgical devices market over the forecast period.

Shifting Trend Towards Minimally Invasive Surgeries: Minimally invasive techniques have gained traction among medical practitioners due to benefits such as smaller incisions, lesser blood loss, lower risk of infections, faster recovery periods, and shorter hospital stays. These advantages are fueling a shift towards minimally invasive procedures over conventional open surgeries. As electrosurgical devices are an integral component of minimally invasive treatments, their rising adoption will favor the growth of the India electrosurgical devices market during the forecast period.

Segment Analysis

The India electrosurgical devices market is dominated by the electrosurgical generators segment accounting for over 60% share. Electrosurgical generators are essential components for electrosurgery procedures as they help deliver radiofrequency alternating current of varying voltage levels to the patient based on the procedure type. The increasing number of surgeries in India is driving the demand for electrosurgery generators from both public and private healthcare facilities.

PEST Analysis

Political: The government of India is taking initiatives to boost local manufacturing of medical devices under initiatives like Make in India. This will help reduce import dependence and provide competitive costs.
Economic: India’s healthcare spending is expected to rise significantly driven by rising incomes, health insurance penetration and increased focus on tier 2/3 cities. This will boost demand for high-quality electrosurgical devices.

Social: Growing medical tourism and awareness about minimally invasive surgeries in India is increasing the demand for precision electrosurgery devices for procedures like LAWR, laparoscopy etc. Technological advancements are making such procedures safer and more effective.
Technological: Leading players are focusing on technologies like advanced bipolar devices, monopolar devices and generators with advanced energy settings and self-testing features. This is improving safety, precision and adoption among surgeons.

Key Takeaways

The global India Electrosurgical Devices Market Growth is expected to witness high growth over the forecast period of 2024 to 2031 backed by rapid expansion of healthcare infrastructure in India and rising medical tourism. T The global 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.

he electrosurgery market is dominated by private healthcare providers in metros and tier 1 cities. However, smaller towns and cities are expected to be the fastest growing regional market supported by government initiatives to boost access to healthcare across the country.

Key players operating in the India electrosurgical devices market are First Care Products, TyTek Group., PerSys Medical, IBC, H&H Medical Corporation and others. Rapid technology upgrades and solutions optimized for Indian conditions will help these players strengthen their market position. Companies need to focus on building clinical evidence, training programs and cost-effective products to capitalize on the long term growth opportunities.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it