India Bariatric Surgical Devices Market to Grow with a CAGR of 6.12% through 2029
Rise of medical tourism in India and increasing prevalence rate of Type
2 Diabetes is expected to drive the India Bariatric Surgical Devices Market
growth in the forecast period, 2024-2028.
According to TechSci Research report, “India Bariatric
Surgical Devices Market -Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2029”, the India Bariatric Surgical Devices
Market stood at USD
411.30 Million in 2023 and is anticipated to grow with a CAGR of 6.12% in the forecast
period, 2025-2029. The India Bariatric Surgical Devices Market is driven by
several compelling factors like increasing prevalence of obesity and related
health conditions such as diabetes and heart disease is a powerful factor
stimulating market growth.
Furthermore, the rising awareness of bariatric surgery
as a viable treatment option and the increasing accessibility of these
procedures, due to medical advancements and healthcare infrastructure
development, contribute to the growth. Another driver is the growing
middle-class population in India, which is leading to changes in lifestyle and
diet, resulting in an increased obesity rate. Lastly, government initiatives
promoting healthcare accessibility and affordability are also fueling the
market expansion.
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India's bariatric surgical devices market is
experiencing significant growth due to various factors. One of the key drivers
is the rise in obesity-related disorders, which has led to an increased demand
for bariatric surgery as a viable treatment option. Bariatric surgery, also
known as weight loss surgery, offers an effective method to manage obesity and
related conditions such as diabetes, hypertension, and sleep apnea.
As obesity rates continue to soar in India, more
individuals are considering bariatric surgery as a solution. While traditional
methods like diet and exercise are beneficial for weight loss, they often fall
short for morbidly obese individuals. Bariatric surgery provides a potent
solution, enabling patients to achieve substantial and sustained weight loss. The
growth of the Indian market for bariatric surgical devices is also fueled by a
growing awareness of the procedure and its benefits. Both the general public
and healthcare professionals are recognizing that bariatric surgery can
significantly improve the quality of life for obese individuals. This increased
awareness has led to greater acceptance of the procedure and a surge in demand
for bariatric surgical devices.
India's robust healthcare infrastructure, with
numerous hospitals and clinics equipped to perform bariatric surgery, has
further facilitated market growth. The availability of skilled surgeons adds to
the appeal of the country as a destination for bariatric procedures.
Additionally, advancements in technology are continuously enhancing the safety
and efficacy of surgical procedures, driving the bariatric surgical devices
market forward.
However, the high cost of bariatric surgery and
related devices remains a challenge to market growth. Although the procedure is
becoming more common, its cost can be prohibitive for many prospective
patients. To ensure wider access to bariatric surgery, there is a need for more
affordable options and improved insurance coverage. The future of the Indian
bariatric surgical devices market looks promising. With increasing obesity
rates, growing awareness about the benefits of bariatric surgery, and
technological advancements, the market is expected to continue its upward
trajectory. Addressing challenges such as high costs and limited insurance
coverage will be crucial to ensure that the benefits of bariatric surgery can
reach a wider population.
The India Bariatric Surgical Devices Market is
segmented into product, surgery, end user, regional distribution, and company.
Based on product, Surgical Stapling Devices are
anticipated to have a profound impact on the India Bariatric Surgical Devices
Market. These cutting-edge devices offer unparalleled convenience and
efficiency, making them the preferred choice among healthcare professionals.
With the rising demand for minimally invasive procedures, the adoption of
Surgical Stapling Devices is expected to soar, further solidifying their
dominance in the market. Their superior performance, reliability, and proven
track record make them an indispensable tool in the field of bariatric surgery.
The advanced technology integrated into Surgical
Stapling Devices ensures precise and secure staple formation, reducing the risk
of complications during bariatric procedures. The ergonomic design and
user-friendly features enhance surgical workflow, allowing surgeons to perform
with utmost precision and efficiency. Moreover, the wide range of available
staple sizes and configurations caters to the diverse needs of patients,
ensuring optimal outcomes for each individual case. Furthermore, Surgical
Stapling Devices undergo rigorous testing and quality control measures to
ensure their safety and effectiveness. This commitment to quality and patient
care has earned them a trusted reputation among surgeons and healthcare
institutions alike. As a result, the demand for these devices is expected to
continue to rise, driving the growth of the India Bariatric Surgical Devices
Market. Surgical Stapling Devices are revolutionizing the field of bariatric surgery
in India. Their unmatched convenience, efficiency, and proven track record make
them the go-to choice for healthcare professionals. With their ability to
deliver superior outcomes and improve patient care, Surgical Stapling Devices
are poised to dominate the market and shape the future of bariatric surgical
procedures in India.
Based on region, the Western region of India is
expected to dominate the Bariatric Surgical Devices Market. The high prevalence
of obesity, coupled with the increasing awareness of bariatric surgery's
potential benefits, is contributing to this trend. In Maharashtra, urban areas
such as Mumbai and Pune are witnessing a surge in demand for bariatric surgical
devices due to rapid urbanization and the availability of advanced healthcare
infrastructure. The bustling metropolis of Mumbai, with its cosmopolitan
population and thriving healthcare sector, has become a hub for bariatric
surgeries. Pune, known for its educational institutions and IT parks, is
experiencing a rise in obesity-related health issues, leading to an increased
demand for bariatric surgical devices.
Similarly, Gujarat, with cities like Ahmedabad and
Surat, is experiencing significant growth in this market. The state's vibrant
economy and industrial development have contributed to a rise in disposable
income, leading to a higher demand for bariatric surgeries. Moreover, the
presence of renowned healthcare facilities in Ahmedabad, such as
multi-specialty hospitals and specialized clinics, has further fueled the growth
of the bariatric surgical devices market in the region. These factors
collectively create a conducive environment for the growth of the bariatric
surgical devices market in the Western region of India. As the awareness about
the benefits of bariatric surgery continues to spread and the healthcare
infrastructure continues to develop, the demand for bariatric surgical devices
is expected to rise even further, presenting lucrative opportunities for
manufacturers and suppliers in the market.
Major companies operating in India Bariatric Surgical
Devices Market are:
- India Medtronic Pvt. Ltd.
- Johnson and Johnson Ltd
- Apollo Endosurgery India
- B. Braun India
- Becton Dickinson India Pvt Ltd.
- Styrker India Pvt. Ltd.
- Dolphin Surgicals Industries
- Western Trading Company
- Staan Bio-Med Engineering Private
Limited
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“The Indian Bariatric Surgical Devices Market is
poised for significant growth in the upcoming years, driven by rising
prevalence of obesity and associated health complications, along with an
increasing awareness of bariatric surgery as a viable treatment option, is
expected to fuel the market's growth. Furthermore, India's burgeoning
middle-class population, coupled with increasing healthcare expenditure, is
likely to stimulate demand for these surgical devices.,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based management consulting
firm.
“India Bariatric Surgical
Devices Market By Product (Hand Instrument, Access Instrument, Endoscope,
Surgical Stapling Devices, Electrosurgery, Endoscopic Suturing Device,
Accessories), By Surgery (Gastric Banding, Sleeve gastrectomy, Gastric bypass,
Biliopancreatic diversion with a duodenal switch (BPD-DS), Endoscopy), By End
User (Hospitals & Clinics, Ambulatory Surgery Centers, Others), By Region,
Competition, Forecast & Opportunities, 2018-2018F”, has evaluated the future growth potential of India Bariatric
Surgical Devices Market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in India Bariatric
Surgical Devices Market.
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