The surgical stapling market in India has grown more significantly as this region is developing by the time while the surgical stapling is a technological development in medical wound closure methods and is often utilized as an alternative to traditional methods like suturing. In the forecasted period, the Indian surgical staplers market is anticipated to rise at handsome CAGR. Additionally, India is essentially a young and populous region. Rapid urbanization is important to rise in the number of diseases like obesity, cancers and cardiovascular problems in India and is underwriting to the growth in the number of surgeries of the open as well as a minimally aggressive type are raising the requirement for surgical staplers. Cardiovascular diseases are one of the dominant causes of mortality in India. The predictable age-standardized CVD death rate of 272 per 100,000 population in India is huge than the global average of 235 per 100,000 populace. Not only has this, but the obesity in India has also almost reached an epidemic stage with morbid obesity affecting 5% of the country’s populace. Additionally, the key players of this market in India are playing an important role by doing more technological advancement in the forecasted period which proved to be profitable for leading the fastest growth.
According to the report analysis, ‘India Surgical Staplers Market (2018-2023)’ states that some of the major key players which are recently functioning in this market more significantly for attaining the huge market share by doing effective developments in the technology include Johnson & Johnson, B Braun, 3M, Medtronic, Lotus Surgical, Meril Life Sciences, and several others. Moreover, the utilization of processed food has become widespread in India because of its continued integration with the global food market. It is predicted that the incidence of cancer in the country is to rise by 25% by 2020. Such factors are enthusiastically operating the surgical stapling market since they often necessitate undergoing surgeries.
The market of surgical staplers is growing in India. Indian companies such as asMeril Life Sciences have come up with a range of surgical staplers for numerous types of surgeries. Manual skin staplers are hugely used to close wounds post-surgery, and more people are opting for stapling for the management of hemorrhoids. Moreover, the market of surgical staplers in India is segmented by product into manual and powered surgical staplers and by type into reusable and disposable surgical staplers. Whereas, the reusable surgical stapler sector is predicted to rise at the fastest CAGR in the near future.
The market of surgical staplers market in India is divided on the basis of application such as cardiac surgery, orthopedic surgery, abdominal surgery, general surgery, and other surgeries. Additionally, the launch of public healthcare programs, clubbed with growing private wealth is anticipated to boom the country’s healthcare spending. Hence, in the near future, it is expected that in the coming years the market of surgical staplers in India will grow more actively with the significant investment by the new investors whereas, the Central Drugs Standard Control Organization has recognized surgical staplers as a drug presently so that they can stringently regulate the import, introduction, and sale of this class of products as drugs under the Cosmetics Rules and Drugs which boost the improvement of the surgical staplers market in the near future.
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Ankur Gupta, Head Marketing & Communications