India Electrosurgical Devices Market is Anticipated to Witness High Growth

The India electrosurgical devices market has been gaining significant traction over the past decade owing to the increasing prevalence of chronic diseases as well as rising number of surgical procedures being performed in the country. Electrosurgical devices find widespread application in general surgery, gynecology, urology, and orthopedic procedures due to their ability to perform surgical tasks including cutting, coagulation, and fulguration of tissue. The demand for these devices has also been augmented by the growing preference for minimally invasive surgeries among consumers and physicians alike on account of benefits such as reduced post-operative pain, lower risk of infection, lesser hospital stay, and faster recovery.

Key Takeaways
Key players operating in the India electrosurgical devices market are First Care Products, TyTek Group., PerSys Medical, IBC, and H&H Medical Corporation. First Care Products and TyTek Group collectively hold over 30% share of the overall market owing to their broad product portfolio and widespread geographical presence across India.

Key opportunities in the market include shift towards minimally invasive surgeries by both patients and surgeons, increasing healthcare expenditure in the country, and growing medical tourism industry. With rising medical costs in Western nations, India has emerged as a major destination for medical tourists and their numbers are expected to rise significantly in the coming years, thereby driving the demand for electrosurgical devices.

The major players in the India Electrosurgical Devices Market Demand industry are focused on global expansion by establishing manufacturing facilities and distribution networks in fast developing Asian and African countries. First Care Products recently set up a manufacturing plant in Vietnam to cater to the Southeast Asian markets while TyTek Group expanded into key African countries such as Nigeria and Egypt. This global expansion strategy will allow players to tap growth opportunities in new regions and strengthen their market position worldwide.

Market drivers
The rising number of surgical procedures performed in India is a key market driver. With increasing income levels and healthcare accessibility, more people are now opting for surgeries. According to industry estimates, over 25 million surgeries were performed in India in 2018 alone. This rising surgical volume is expected to fuel demand for electrosurgical devices over the forecast period.

Market Restrains
High cost of advanced electrosurgical devices remains a major concern, especially in tier 2 and tier 3 cities in India where affordability is relatively lower. This cost barrier may restrict the adoption of premium devices in the coming years. Additionally, lack of stringent regulations regarding product approval and quality standards give rise to substandard and low-cost clones in the market, which impacts sales of established brands.

Segment Analysis
The India electrosurgical devices market is dominated by bipolar electrosurgical devices sub-segment. Bipolar electrosurgical devices are preferred over monopolar devices due to safety concerns as bipolar devices pose less risk of accidental burns to patients during surgical procedures. Bipolar electrosurgical devices work by utilizing two electrodes for both conduction and return of electrosurgical energy minimizing stray current and enhancing focus of energy delivery. This sub-segment is witnessing high demand owing to growing preference of medical practitioners for precision and control during surgical procedures.

Global Analysis
Southern region of India dominates the India electrosurgical devices market currently. States like Tamil Nadu, Telangana, and Karnataka have been leading markets for electrosurgical devices attributed to growing burden of non-communicable diseases, rising medical tourism, development of healthcare infrastructure and concentration of prominent domestic market players. Higher penetration of elective surgeries and rapid establishment of private hospitals and clinics has propelled the market growth in southern India. The western region of India is anticipated to be the fastest growing regional market during the forecast period due to increasing governmental focus on strengthening healthcare systems in states like Maharashtra and Gujarat.

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