India Robotic Surgery Services Market Analysis Report 2022 to 2030

India Robotic Surgery Services Market Analysis

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India's Robotic Surgery Service market size was valued at $78 Mn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 22.3% % from 2022-30 and will reach $390 Mn in 2030. The robotic surgery service market will grow due to the development of new and improved robotic surgical systems is making these procedures more accessible and affordable, and helping to increase awareness about their benefits among healthcare providers and patients. The market is segmented by product and service type, application type, and end user. Some of the major players are Transasia Bio-Medicals Ltd, Medtronic India, Wipro GE Healthcare, Apollo Hospitals Enterprise Ltd, Fortis Healthcare Ltd (IND), and others

ID: IN10INHS017 CATEGORY: Healthcare Services GEOGRAPHY: India

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India Robotic Surgery Service Market Executive Summary

India's Robotic Surgery Service market size was valued at $78 Mn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 22.3% % from 2022-30 and will reach $390 Mn in 2030. Healthcare spending in India has been steadily increasing over the years, driven by factors such as a growing population, increasing prosperity, and a rising burden of non-communicable diseases. According to recent estimates, the total healthcare spending in India is expected to reach approximately $372 Bn in 2022.

The field of robotic surgery services is rapidly growing in India. Over the past decade, there has been an increasing interest in the use of surgical robots in India, driven by factors such as advances in technology, growing prosperity, and increasing demand for high-quality medical services.

Robotic surgical systems are used in a wide range of procedures, including minimally invasive surgeries for conditions such as cancer, heart disease, and gynecological disorders. They offer several advantages over traditional surgical techniques, including improved precision, reduced risk of complications, and shorter recovery times. The robotic surgery service market for robotic surgery services in India is expected to grow rapidly in the coming years, driven by increasing investment in the healthcare sector, growing demand for high-quality medical services, and advances in technology. This growth is expected to bring new opportunities for both established players and new entrants in the market and to help improve access to high-quality, affordable healthcare for people in India.

india robotic surgeries service market anaysis

Market Dynamics

Market Growth Drivers

The growth of the market for robotic surgery services in India is driven by several factors, including:

As India's economy continues to grow and people become more prosperous, there is an increasing demand for high-quality medical services, including advanced surgical procedures. This is driving demand for robotic surgery services in India.

Moreover, the development of new and improved robotic surgical systems is making these procedures more accessible and affordable, and is helping to increase awareness about their benefits among healthcare providers and patients.

Additionally, the Indian government has been making efforts to improve access to healthcare for all citizens, including initiatives such as the launch of the Ayushman Bharat program, which provides health insurance coverage to a significant portion of the population. This is expected to drive demand for robotic surgery services in India.

Market Restrains

The high cost of robotic surgical systems is a significant barrier to the adoption of these services in India. This is due to the high cost of the systems themselves, as well as the need for specialized training and expertise, and the high costs associated with setting up a robotic surgery program.

Furthermore, there is still limited awareness about the benefits of robotic surgery services in India, particularly among healthcare providers and patients in rural and underserved areas. This is a significant challenge that must be overcome in order to increase the adoption of these services in India.

Additionally, there are several regulatory barriers that are constraining the growth of the market for robotic surgery services in India, including a lack of clear guidelines and standards for the use of these systems, and a lack of reimbursement for these procedures.

Competitive Landscape

Key Players

Transasia Bio-Medicals Ltd (IND)
Medtronic India (IND)
Wipro GE Healthcare (IND)
Apollo Hospitals Enterprise Ltd (IND)
Fortis Healthcare Ltd (IND)
Stryker Corporation
Smith & Nephew
TransEnterix Surgical, Inc.
Renishaw plc.
Intuitive Surgical
THINK Surgical, Inc.
Zimmer Biomet

Notable Deals

In 2019, Johnson & Johnson announced the acquisition of Medical Robotics, a US-based company that develops robotic surgical systems. The acquisition is expected to enhance Johnson & Johnson's presence in the Indian market for robotic surgery services.

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario

In India, the regulation of medical devices, including robotic surgical systems, is the responsibility of the Central Drugs Standard Control Organization (CDSCO), which is a part of the Ministry of Health and Family Welfare. The CDSCO is responsible for the approval, registration, and monitoring of medical devices in India.

For robotic surgical systems, the CDSCO requires pre-market clearance or approval based on clinical data and technical information submitted by the manufacturer. The regulatory process is designed to ensure that the devices are safe and effective for use in India, and that they meet the standards set by the CDSCO.

In addition to the regulatory requirements set by the CDSCO, there are also guidelines and standards set by professional medical organizations in India, such as the Indian Medical Association (IMA), that provide recommendations for the safe and effective use of robotic surgical systems.

In India, the reimbursement for these services is typically provided by private health insurance companies, which cover the costs of medical procedures performed in private hospitals. However, the coverage and reimbursement policies of these companies can vary widely, and the extent to which they cover the costs of robotic surgery services can depend on a number of factors, such as the type of procedure, the patient's individual insurance policy, and the specific terms of the policy.

1. Executive Summary
1.1 Service Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Healthcare Services Market in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Services
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Robotic Surgery Services Market Segmentation

By Product and Services (Revenue, USD Billion):

The surgical robotics market volume data has been covered for all the major surgical robotics systems. In terms of value, the surgical systems market is anticipated to expand at a CAGR of 11.22% from 2018 to 2025.

Instruments and Accessories
Robotic Systems
Services

By Application (Revenue, USD Billion):

Gynecology accounted for the largest market share in 2017 and is anticipated to expand at a CAGR of 7.0% from 2018 to 2025. This is explained by the rising prevalence of gynecological complications in women worldwide and the ongoing development of robotic technologies.

General Surgery
Gynecological Surgery
Urological Surgery
Neurosurgery
Orthopedic Surgery
Other Applications

By End User (Revenue, USD Billion):

The hospitals' segment had the largest market value in 2017 and experienced a CAGR of 13.20% from 2018 to 2025. However, during the projected period of 2018–2025, the ambulatory surgical center's income is predicted to rise at the highest CAGR of 18.20%.

Hospitals
Ambulatory Surgery Centers

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

Analyzing historical proprietary data collected from multiple projects.
Regularly updating our existing data sets with new findings and trends.
Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

Searching through academic conferences, published research, citations, and social media platforms
Collecting and compiling diverse data to build a comprehensive and detailed database
Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
Continuously refreshing our database to ensure that the information remains current and reliable.
Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

Merging historical data from secondary research with real-time data from primary research.
Conducting thorough data validation and cleansing to remove inconsistencies and errors.
Organizing data into a structured format that is easily accessible and usable for various applications.
Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.