DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/436b73/endoscopy_products) has announced the addition of Frost & Sullivan's new report "Endoscopy Products for Urology Procedures in the Indian Market" to their offering.
This research service titled Endoscopy Products for Urology Procedures in the Indian Market addresses the dynamics of the endoscopes market in India while presenting the key findings of the countrys market for endoscopy products for urology procedures. The study also discusses the market trends, drivers, restraints, technology trends, and market share of the key participants. In this research, Frost & Sullivan's expert analysts thoroughly examine the following market segments: cytoscope, ureteroscope, nephroscope, resectoscope, and endoscopy equipment.
Indian Urology Endoscopy Market Set to Grow with the Entry of Large Hospitals
The Indian urology endoscopy market is expected to grow at a compound annual growth rate (CAGR) of 6.8 percent between 2010 and 2016, fuelled by the increasing number of hospitals being set up with a urology specialty. To meet the healthcare demands of a burgeoning population, the Indian Government is expected to build 30 tertiary care and 115 secondary care hospitals by 2012. Large hospital groups are likely to build another 37 tertiary care and 36 secondary care hospitals during the same period. Cystoscopy was the most common procedure performed among all other urology endoscopy procedures in 2009, says the analyst of the research. However, it was the rigid cytoscope segment that generated the highest revenues in the total urology endoscopy market.
Another major driver for the endoscopy market in India is the rising patient preference for minimally invasive surgeries that are increasingly being covered by insurance. Due to the growing middle-class population with high spending power, there has been an increase in the number of insurance policies issued in the country, notes the analyst. Private health insurance allows policy holders to access urology endoscopy procedures offered in private hospitals. With increasing patient affluence and the number of hospitals offering urology endoscopy booming, the market is well poised for growth. Further, state-of-the-art private hospitals, diagnostic facilities, and a relatively low cost for instance, in some cases the cost in India is less than one-tenth the cost incurred in the United States are encouraging medical tourism in India.
However, lack of urologists in the country can prevent hospitals and medical centers from offering this specialty. Most facilities are also based in the major cities due to which, awareness about urology endoscopy procedures is limited. Hence, revenues from rural areas are low. The Government is increasingly taking efforts to find potential employees and train them through continuous medical educations (CMEs) and class room programs in endoscopy procedure, observes the analyst. This is to prepare for the increasing demand from the Indian population aged 65-and-above that requires more tertiary care. The demand for tertiary care services by this population cohort will see Indian private hospitals competing to provide high-quality healthcare such as minimally invasive surgeries/procedures including urology endoscopy services.
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
- Endoscopy equipment (light source, video processor, and electric surgical unit)
Key Topics Covered:
1 Executive Summary 2. Research Objective and Methodology 3. India Healthcare Market Overview 4. Total Urology Endoscopy Market 5. Decision Support Database 6. About Frost & Sullivan
For more information visit http://www.researchandmarkets.com/research/436b73/endoscopy_products
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KEYWORDS: Asia Pacific India
INDUSTRY KEYWORDS: Health Hospitals Other Health