Market Size of India Bariatric Surgery Devices Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
India Bariatric Surgery Market Analysis
During the period of the forecast, the market for bariatric surgery devices in India is expected to grow at a CAGR of 6.5%.
COVID-19 impacted the growth of the bariatric surgery market in the country. Due to the lockdown measures taken by the government, the surgical centers and clinics were shut down to avoid contact as well as the spread of coronavirus among the population. Also, bariatric surgeries were a non-emergent procedure; as a result, these procedures were on hold and their success rate declined. However, with resumed surgical procedures, released restrictions, and increased patient visits, it is expected to increase the demand for bariatric surgery, which in turn is anticipated to fuel market growth over the forecast period.
The market is growing because of things like the growing number of obese people in India and the number of people with type 2 diabetes and heart disease.
Bariatric surgery devices are also in higher demand because people are spending more time at their desks and not getting enough exercise or eating right. This leads to chronic diseases like diabetes and obesity, as well as a rise in the number of cardiovascular diseases like CAD, strokes, and atrial fibrillation.This is also contributing to the market's growth over the forecast period.
Market growth is also helped by the fact that more and more people in the country are getting chronic diseases like diabetes and heart disease.Diabetes is much more likely to affect people with higher body fat percentages.Hence, patients are taking certain measures to prevent obesity through bariatric surgeries. For instance, according to 2022 statistics published by the IDF, about 74 million people living in India were suffering from diabetes in 2021, and this number is projected to reach 124 million by 2045. Thus, the expected increase in the diabetes population is at high risk of gaining weight and facing obesity, which is anticipated to fuel the demand for bariatric surgery for weight loss to further prevent the risk of developing other chronic diseases such as heart disease and organ dysfunction, thereby propelling market growth.
The main thing driving market growth is that the number of obese Dutch people is going up.People used to think that obesity and being overweight were mostly problems in high-income countries, but these problems are now spreading quickly to low- and middle-income countries as well, especially in cities.For example, the UNICEF World Obesity Atlas says that by 2030, more than 27 million children in India are expected to be overweight.Additionally, according to a study published in the Annals of Neuroscience in May 2021, it has been observed that India is seeing a rapid epidemiological change from an underweight to an overweight or obese population. Also, as per the same source, the prevalence of obesity was found to be highest in South India and lowest in East India. Thus, the expected increase in the number of obese people is expected to increase the demand for bariatric surgery, which in turn is anticipated to propel market growth.
Since obesity, heart disease, and diabetes are so common, the studied market is expected to grow over the next few years. But the high cost of surgery and the fact that not enough people know about bariatric procedures are likely to slow the growth of the bariatric surgery devices market in India over the next few years.
India Bariatric Surgery Industry Segmentation
As per the scope of the report, bariatric surgery, or weight loss surgery, is used as one of the major treatment procedures for treating obesity. It is generally the last option for patients who have failed to lose weight by several other means. During this procedure, the size of the stomach is reduced by either removing some parts of the stomach or by using a gastric band. The Indian Bariatric Surgery Devices Market is Segmented by Device Type (Assisting Devices (Suturing Device, Closure Device, Stapling Device, and Other Assisting Devices), Implantable Devices, and Other Devices). The report offers the value (in USD million) for the above segments.
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India Bariatric Surgery Devices Market Size Summary
The bariatric surgery market in India is poised for significant growth, driven by the increasing prevalence of obesity, diabetes, and cardiovascular diseases. The demand for bariatric surgery devices is expected to rise as more individuals seek surgical interventions to manage these chronic conditions. The market's expansion is further supported by the growing awareness of the benefits of bariatric surgery and the resumption of surgical procedures following the COVID-19 pandemic. Despite the initial setbacks caused by the pandemic, such as the temporary halt of non-emergent surgeries, the market is anticipated to recover and continue its upward trajectory over the forecast period. The rising number of obese individuals, particularly in urban areas, is a key factor propelling market growth, as obesity is no longer confined to high-income countries but is rapidly spreading to low- and middle-income nations like India.
The bariatric surgery devices market in India is characterized by the increasing demand for stapling and implantable devices, which are crucial for performing bariatric procedures. Stapling devices, in particular, are expected to witness robust growth due to their pivotal role in achieving successful surgical outcomes and reducing obesity-related health issues. The introduction of innovative products, such as robotic-assisted surgical staplers, is further enhancing the market's growth prospects. Similarly, implantable devices like gastric balloons are gaining traction, supported by advancements in technology and increased patient awareness. The presence of major global players in the Indian market, coupled with the rising demand for bariatric surgery equipment, is making the market more attractive for both domestic and international companies. As the market continues to evolve, it is expected to offer lucrative opportunities for growth and innovation in the coming years.
India Bariatric Surgery Devices Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rising Prevalence of Obesity in India
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1.2.2 Increasing Prevalence Rate of Type 2 Diabetes and Heart Diseases
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1.3 Market Restraints
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1.3.1 High Cost of Surgery
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1.3.2 Lack of Knowledge and Awareness
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size - Value in USD million)
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2.1 By Device
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2.1.1 Assisting Devices
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2.1.1.1 Suturing Device
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2.1.1.2 Closure Device
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2.1.1.3 Stapling Device
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2.1.1.4 Other Assisting Devices
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2.1.2 Implantable Devices
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2.1.3 Other Devices
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India Bariatric Surgery Devices Market Size FAQs
What is the current India Bariatric Surgery Devices Market size?
The India Bariatric Surgery Devices Market is projected to register a CAGR of 6.5% during the forecast period (2024-2029)
Who are the key players in India Bariatric Surgery Devices Market?
Johnson and Johnson, Apollo Endosurgery Inc, Medtronic PLC, Conmed Corporation and B. Braun SE are the major companies operating in the India Bariatric Surgery Devices Market.
