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Market growth

BRIC laparoscopic market worth US$1.2 billion by 2022

Laparoscopic penetration is particularly high in China

Rising per capital incomes and favourable demographic trends are resulting in the increasing adoption of laparoscopic surgery in Brazil, Russia, India and China (BRIC), which will see the market worth US$1.2 billion by 2022 according to two reports BRIC Markets for Laparoscopic Devices 2014 and Chinese Markets for Laparoscopic Devices 2014 (published by Decision Resources Group).

"Laparoscopic penetration into general surgical procedures has been particularly high in China," said Decision Resources Group Analyst, Manya Aggarwal. "Rapidly rising incomes and increasing insurance reimbursement in both urban and rural areas have given more people access to new minimally invasive surgical techniques. The government has also substantially increased the level of investment in its healthcare system, allowing for greater funding for lower tier and rural hospitals, as well as more training opportunities for surgeons. While previously most procedures were performed in coastal regions and major urban centres such as Shanghai and Beijing, inland and southern Chinese provinces will see the strongest procedure volume growth through 2022 as a result of this increase in funding."

Procedure volume expansion will also be supported as a result of a rise in medical tourism in India and Brazil. Rising health care costs in developed countries coupled with the availability of high-quality, low-cost medical facilities in India and Brazil have led to rapid growth in medical tourism, especially for elective procedures such as bariatric surgery.

In addition, BRIC countries stand to benefit significantly from greater adoption of robotic technology in gynaecological and urological procedures, as has occurred in the US. Robotic-assisted surgery allows surgeons to have better control, precision and dexterity in complex cases than is possible with other approaches. However, due to financial constraints, this technology is still in its infancy in BRIC countries.

The reports include unit, procedure, average selling price and revenue information, along with market drivers and limiters and a competitive landscape for access devices, advanced direct energy devices and internal closure devices in Brazil, Russia, India and China.

The Chinese report includes further regional breakdowns including the province-level municipalities, as well as the east coast, central and other regions of China. A current year snapshot is also shown by hospital tier and city tier.

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