Market revenue in 2024 | USD 232.9 million |
Market revenue in 2030 | USD 379.1 million |
Growth rate | 8.5% (CAGR from 2024 to 2030) |
Largest segment | Energy systems |
Fastest growing segment | Robot Assisted Systems |
Historical data | 2018 - 2023 |
Base year | 2024 |
Forecast period | 2025 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Laparoscopes, Energy Systems, Trocars, Closure Devices, Suction/ Irrigation Device, Insufflation Device, Robot Assisted Systems, Hand Access Instruments |
Key market players worldwide | Karl Storz, Medtronic PLC, Johnson & Johnson, Olympus Corp, B. Braun, The Cooper Companies Inc, Richard Wolf, Hoya Corp, BD, Welfare Medical, DEAM, Intuitive Surgical Inc |
Energy systems was the largest segment with a revenue share of 25.63% in 2024. Horizon Databook has segmented the India laparoscopic devices market based on laparoscopes, energy systems, trocars, closure devices, suction/ irrigation device, insufflation device, robot assisted systems, hand access instruments covering the revenue growth of each sub-segment from 2018 to 2030.
The market for laparoscopic devices in India is growing at a rapid rate owing to rise in geriatric population, increase in the number of surgical procedures, and rise in incidence of chronic diseases, such as diabetes, cancer, and CVDs.
Key drivers of the market are rising disposable income, increasing availability of health insurance, growing public expenditure on healthcare, and improving medical infrastructure. Indian medical devices sector is Asia’s fourth largest market and provides significant growth opportunities for both multinational & domestic players.
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