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India General Surgical Devices Market Companies Summary

The Indian general surgical devices market experienced a significant impact due to the COVID-19 pandemic, leading to a decrease in non-emergency surgeries and a strain on the healthcare system. However, as restrictions lifted, postponed surgical procedures were completed, aiding in the market's recovery. The market's growth is expected to be driven by factors such as the rising demand for minimally invasive surgeries, a high rate of injuries and accidents, and an increasing prevalence of chronic diseases. Additionally, the healthcare landscape in India is rapidly changing, with an increasing demand for medical devices due to a growing population and a significant geriatric population. Key players in the market have been engaging in strategic alliances, acquisitions, and collaborations, in addition to launching advanced products to secure their position in the global market. For instance, collaborations have been established to create platforms for medical device manufacturers to exchange advancements and innovations, contributing to the development of the Indian medical devices industry, including surgical devices. However, issues related to reimbursement have deterred many market players from entering the market, which has somewhat restrained market growth. Despite these challenges, the increasing prevalence of chronic diseases and the need for surgical procedures is expected to propel market growth during the forecast period.