India Bariatric Surgical Devices Market to Grow at a Formidable Rate until 2025
Increasing prevalence of
obesity among the population to drive the growth of India bariatric surgical
devices market
According
to TechSci Research report, “India
Bariatric Surgical Devices Market By Cause (Obesity, Type II Diabetes,
Hypertension, Hyperlipidemia, Heart Disease, Others), By Product, By Sex (Male,
Female), By Surgery (Gastric Banding, Sleeve gastrectomy, Gastric bypass,
Biliopancreatic diversion with a duodenal switch (BPD-DS), Endoscopy), By
End-User (Hospitals, Surgical Centres, Others), By Region, Competition,
Forecast & Opportunities, 2025” the India bariatric surgical devices market is expected to
grow at a formidable rate during the forecast period owing to increasing
awareness in the population pertaining to obesity and available treatment
options. Additionally, growing demand for minimal invasive surgeries is further
expected to propel the market during the next few years. Furthermore,
increasing expenditure by the government on R&D activities related to
bariatric surgery in the country is projected to spur the market through 2025.
Also, increasing awareness pertaining to healthcare and favorable reimbursement
policies is expected to spur the market during the next few years. However, high
cost of the surgical devices can hamper the growth of market during forecast
period. Additionally, the need for skilled healthcare professionals for
performing the surgery can further restrict the market over the next few years.
Also, delay in regulatory approvals are further expected to slow down the
market growth over the next few years.
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The India bariatric surgical devices market is segmented based on cause,
product, sex, surgery, end user, region and company. Based on cause, the market
can be categorized into obesity, type II diabetes, hypertension,
hyperlipidemia, heart disease and others. The obesity segment is expected to
dominate the market during forecast period. This can be ascribed to the
increase in the number of people suffering from obesity in the country
especially the working population and teenagers. The type II diabetes segment
is expected to register highest CAGR over the forecast period on account of the
increasing the diabetic population in the country. India is often regarded as
the world’s diabetes capital with diabetes being the fastest growing disease in
the country. According to the stats, India had around 72 million recorded cases
of diabetes in 2017 and the number is expected to get double by 2025. Based on
product, the market can be fragmented into hand instruments (forceps, scissors
and others), access instrument (trocars, retractors), endoscope (laparoscope), surgical
stapling devices, electrosurgery (generators, instruments and accessories), endoscopic
suturing device, accessories and energy/vessel sealing devices. The surgical
stapling is expected to dominate the market since it reduces local inflammatory
response, width of the wound, and the time it takes to heal. The endoscope (laparoscope)
segment is expected to register significant growth since they are widely used
in minimally invasive surgeries that require immediate closure of very small
incisions made at the time of surgical procedures. Based on surgery, the market
can be grouped into gastric banding, sleeve gastrectomy, gastric bypass,
biliopancreatic diversion with a duodenal switch (BPD-DS) and endoscopy. The
gastric bypass segment is expected to register significant growth during the
forecast period owing to the growing preference for gastric bypass surgeries
and gastric bypass diet.
Apollo Endosurgery, Inc., B. Braun
Melsungen AG, Becton Dickinson and Company, Boston Scientific and Corporation,
Conmed Corporation, CooperSurgical, Inc., Dolphin Surgicals, G. T. B. Surgical
Industries, Genuine Medica Pvt. Ltd., Hebson, Jay Shakti Industries, Johnson
& Johnson, Karl Storz, Medtronic, Olympus Corporation, Pentax Medical,
Richard Wolf GmbH, Smith & Nephew, Stryker Corporation, XcelLance Medical
Technologies Pvt. Ltd. and others are some of the leading players
operating in India bariatric surgical devices market. The
companies operating in the market are using organic strategies such as product
launches, mergers and collaborations to boost their share.
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“India bariatric surgical devices market is expected to
witness significant growth during the forecast period owing to the rising prevalence
of obesity among the population. Additionally, growing number of patient pool
with chronic diseases is anticipated to drive the demand for minimally invasive
bariatric surgical procedures, thereby driving the market in the country.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“India Bariatric Surgical Devices Market By Cause
(Obesity, Type II Diabetes, Hypertension, Hyperlipidemia, Heart Disease,
Others), By Product, By Sex (Male, Female), By Surgery (Gastric Banding, Sleeve
gastrectomy, Gastric bypass, Biliopancreatic diversion with a duodenal switch
(BPD-DS), Endoscopy), By End-User (Hospitals, Surgical Centres, Others), By
Region, Competition, Forecast & Opportunities, 2025” 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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