India Endoscopic Devices Market Outlook to 2028

India Endoscopic Devices Market Overview

The India Endoscopic Devices Market is valued at USD 1.2 billion. This market is driven by several factors, including an increasing demand for minimally invasive surgeries, advancements in endoscopic technologies, and a growing geriatric population that is more susceptible to conditions requiring endoscopic procedures.

In terms of geographical dominance, major cities like Mumbai, Delhi, and Bangalore drive the market due to the concentration of well-established hospitals, healthcare centers, and medical institutions. These cities benefit from superior healthcare infrastructure, access to advanced medical technologies, and a higher demand for elective surgeries that often require endoscopic procedures.

In 2023, the Indian government introduced a PLI scheme, allocating INR 15,000 crore to medical device manufacturers, including those specializing in endoscopic technologies. This has led to a surge in local production, with 30+ companies receiving financial support to produce high-quality endoscopic devices domestically, reducing dependence on imports.

India Endoscopic Devices Market Segmentation

By Product Type: The market is segmented by product type into flexible endoscopes, rigid endoscopes, capsule endoscopes, robot-assisted endoscopes, and disposable endoscopes. Flexible endoscopes hold a dominant market share due to their versatility in performing multiple procedures, particularly in gastroenterology. These devices are favored because they allow physicians to access difficult-to-reach areas within the body while offering superior imaging quality.

By Application: The market is also segmented by application into gastroenterology, urology, arthroscopy, ENT surgery, and gynecology. Gastroenterology has emerged as the dominant application segment due to the rising incidence of gastrointestinal disorders, such as colorectal cancer and Crohns disease, which require endoscopic interventions. The increasing preference for minimally invasive surgeries in the gastrointestinal space, combined with the rising number of early-stage screenings, contributes significantly to this segment's market dominance.

India Endoscopic Devices Market Competitive Landscape

The market is characterized by the presence of several international and domestic players. Companies like Olympus, Karl Storz, and Fujifilm dominate the market, with significant investments in research and development and advanced manufacturing facilities.

Company

Establishment Year

Headquarters

Global Presence

Product Portfolio

R&D Spending

Revenue

Market Strategy

Acquisition History

Key Patents

Olympus Corporation

1919

Tokyo, Japan

Karl Storz SE & Co. KG

1945

Tuttlingen, Germany

Fujifilm Holdings Corporation

1934

Tokyo, Japan

Stryker Corporation

1941

Michigan, USA

Boston Scientific

1979

Marlborough, USA

India Endoscopic Devices Market Analysis

Market Growth Drivers

Increasing Prevalence of Chronic Diseases: In 2024, India reports over 77 million diabetes patients and nearly 30 million people with cancer, driving the need for minimally invasive surgeries. Endoscopic devices play a crucial role in early diagnosis and treatment of these diseases. Hospitals are increasingly investing in endoscopic technologies to meet this growing demand, with 5,000+ hospitals across India purchasing these devices for their diagnostic capabilities.

Rising Geriatric Population: Indias population aged 60 and above is projected to reach 140 million by 2024, leading to an increase in age-related diseases such as gastrointestinal, orthopedic, and respiratory conditions. These conditions require frequent endoscopic interventions, fueling the demand for advanced devices in both private and public hospitals.

Expansion of Healthcare Infrastructure: The Indian government allocated INR 86,000 crore for healthcare infrastructure in the 2023 budget, improving the capacity of tertiary care centers. This includes enhancing hospitals ability to perform endoscopic surgeries, with 800+ new hospitals established under public-private partnerships in tier 2 and tier 3 cities, expanding the reach of endoscopic devices in rural areas.

Market Challenges

Limited Skilled Professionals: India currently faces a shortfall of 1.8 million healthcare professionals, which restricts the ability to operate advanced endoscopic devices in smaller healthcare facilities. Lack of training programs for endoscopic surgery in over 40% of medical institutions in rural regions further compounds the issue, hindering market growth.

Stringent Regulatory Approvals: The Central Drugs Standard Control Organization (CDSCO) has implemented stricter protocols for the approval of endoscopic devices. In 2023, around 150 new device models were delayed due to regulatory bottlenecks, leading to extended timelines for product launches and reducing the influx of innovative technologies into the Indian market.

India Endoscopic Devices Market Future Outlook

Over the next five years, the India Endoscopic Devices industry is expected to exhibit robust growth, driven by rising healthcare spending, advancements in medical technology, and an increasing preference for non-invasive surgical procedures.

Market Future Opportunities

Growth in AI-Based Diagnostic Endoscopy: In the next 5 years, the Indian market will see a surge in AI-based endoscopic systems for early disease detection. Over 10,000 AI-powered endoscopy units are anticipated to be installed by 2028, improving diagnostic accuracy and enabling faster interventions for critical diseases.

Increased Adoption of Capsule Endoscopy: Capsule endoscopy will see significant growth, with over 100,000 procedures expected to be performed by 2027. This non-invasive diagnostic technique is particularly suited for patients who are unable to undergo traditional endoscopy, making it a preferred choice in specialized medical centers.
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