DUBLIN--(BUSINESS WIRE)--The "India Surgical Staplers Market (2018-2023)" report has been added to ResearchAndMarkets.com's offering.
The India surgical staplers market is expected to grow at a high CAGR through the forecast period.
The India surgical staplers market is segmented by product into manual and powered surgical staplers and by type into reusable and disposable surgical staplers. The reusable surgical stapler segment is expected to grow at a higher CAGR during the forecast period (2018-2023).
Key Growth Factors
The launch of public healthcare programs, clubbed with increasing private wealth is expected to boost the country's healthcare spending. The government in the National Health Policy 2017, has proposed to increase public health spending to 2.5% of the GDP, which is expected to boost the demand for advanced medical technologies and devices like surgical staplers.
The Central Drugs Standard Control Organisation (CDCO) has recognised surgical staplers as a drug recently so that they can strictly regulate the import, manufacture and sale of this class of products as drugs under the Drugs and Cosmetics Rules. This will boost the development of the surgical staplers market.
Threats
Affordability is an issue in India, and that is why hospitals are more focused on providing low-cost medical care. Thus, under such conditions, focus on advanced medical devices like surgical staplers remain low, mainly when hand suturing (stitching) is still a popular method for wound closure.
Health insurance penetration is quite low in India. It has 3.2% insurance penetration, as compared to the U.S. at 7.8% as of 2015. This might therefore, act as a challenge to the growth of surgeries and adoption of surgical staplers.
Key Topics Covered
Chapter 1. Executive Summary
Chapter 2. Introduction
Chapter 3. India Surgical Staplers Market Overview
Chapter 4. India Surgical Staplers Market Segmentation - by Product
Chapter 5. India Surgical Staplers Market Segmentation - by Type
Chapter 6. India Surgical Staplers Market Segmentation - by Application
Chapter 7. Competitive Landscape
- Johnson & Johnson (Ethicon)
- B Braun
- 3M
- Medtronic (Medtronic)
- Lotus Surgical
- Meril Life Sciences
Chapter 8. Conclusion
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