|
Forecast
Period
|
2025-2029
|
|
Market
Size (2023)
|
USD
411.30 Million
|
|
CAGR
(2024-2029)
|
6.12%
|
|
Fastest
Growing Segment
|
Sleeve
Gastrectomy
|
|
Largest
Market
|
North
India
|
Market Overview
India Bariatric Surgical Devices Market has valued at USD 411.30 Million in 2023 and is anticipated to
project impressive growth in the forecast period with a CAGR of 6.12% through
2029. Bariatric Surgical Devices are highly specialized tools meticulously
designed specifically for performing weight loss surgeries on individuals
suffering from obesity. These remarkable devices play a crucial and intricate
role in creating precise alterations to the digestive system, such as reducing
the size of the stomach or rerouting the small intestines, with the utmost
precision and care. By implementing these modifications, the devices
effectively limit food intake and meticulously regulate nutrient absorption,
thus aiding in the achievement of significant and sustainable weight loss
goals. Furthermore, the ultimate
objective of utilizing these advanced devices extends beyond weight reduction;
it also encompasses the comprehensive improvement of various related health
conditions, including but not limited to type 2 diabetes and hypertension.
Through their exceptional precision, transformative capabilities, and
comprehensive approach, Bariatric Surgical Devices are revolutionizing the
field of weight loss surgery, offering new hope and transformative
opportunities for individuals seeking a healthier and happier life.With their
groundbreaking advancements, these devices are changing the landscape of weight
loss surgery, providing individuals with a renewed sense of hope and a path to
a better future. The intricate details and precision engineering of these
devices ensure that every procedure is performed with the highest level of
accuracy and safety, making them an indispensable tool for healthcare professionals
dedicated to helping individuals achieve their weight loss goals and improve
their overall well-being.
Key Market Drivers
Rising
Prevalence of Obesity in India
The increasing prevalence
of obesity in India has led to a notable surge in the demand for bariatric
surgical devices. India is currently grappling with an obesity epidemic, driven
by various factors including changing dietary habits, sedentary lifestyles, and
urbanization. As obesity rates continue to rise, so do the associated health
issues, such as diabetes, hypertension, and cardiovascular diseases. India is witnessing a rapid increase in
obesity rates, with a substantial portion of the population facing the physical
and metabolic consequences of excess weight. This surge in obesity has led to a
parallel rise in the demand for bariatric surgery as an effective and sometimes
life-saving intervention. The Indian government has recognized the gravity of
the obesity epidemic and is promoting bariatric surgery as a cost-effective
solution for managing obesity-related conditions. This has resulted in improved
access to bariatric surgeries across public and private healthcare sectors. Bariatric surgery often
requires a multidisciplinary approach, involving not only surgeons but also
dietitians, psychologists, and other healthcare professionals. The availability
of specialized surgical devices complements this holistic approach,
contributing to the expansion of bariatric surgery as a viable option for
managing obesity. The increasing prevalence of obesity in India is driving a
substantial rise in the demand for bariatric surgical devices. As healthcare
systems adapt to address this pressing health issue, the development and
accessibility of advanced surgical instruments play a pivotal role in helping individuals
combat obesity and its associated health challenges.
Increasing
Prevalence Rate of Type 2 Diabetes and Heart Diseases
The increasing prevalence
rates of Type 2 diabetes and heart diseases are significantly driving up the
demand for bariatric surgical devices. Both conditions are closely linked to
obesity, and as the global obesity epidemic continues to grow, so does the
incidence of these chronic health issues. Bariatric surgery has emerged as a
highly effective treatment option for individuals struggling with severe
obesity and its associated comorbidities, making it a critical factor in the
increased demand for specialized surgical devices. Type 2 diabetes is closely associated with
obesity, and India has witnessed a dramatic increase in diabetes cases in
recent years. Bariatric surgery is increasingly recognized as a powerful tool
for managing diabetes, often resulting in significant improvements or even
remission of the disease. Consequently, the demand for bariatric surgical
devices has surged as more individuals with diabetes seek these life-changing
procedures.
Rising Disposable
Income
The increasing disposable
income among the global population is playing a significant role in driving up
the demand for bariatric surgical devices. Bariatric surgery, which aims to
treat severe obesity and related health conditions, has gained popularity as
individuals with higher disposable incomes seek advanced medical interventions
to improve their quality of life. As disposable incomes rise, individuals are
more financially capable of undergoing elective medical procedures such as
bariatric surgery. These surgeries can be costly, and the ability to afford
such treatments has expanded with increased income levels, driving the demand
for specialized surgical devices.
Rising disposable incomes
have also facilitated medical tourism, with individuals from countries with
high healthcare costs traveling to other nations for more affordable bariatric
surgeries. This trend has led to increased demand for bariatric surgical
devices in medical tourism destinations. With greater disposable income often
comes a heightened awareness of the importance of health and well-being.
Individuals are increasingly willing to invest in procedures that can improve
their overall health and reduce the long-term financial burden associated with
obesity-related health conditions. This awareness fuels the demand for
bariatric surgical devices.
Advancements
In Medical Technology
Advancements in medical
technology have been instrumental in driving up the demand for bariatric
surgical devices. Bariatric surgery, which addresses severe obesity and related
health issues, has benefited immensely from these technological innovations,
leading to safer and more effective procedures. Technological advancements have
led to the development of minimally invasive surgical techniques, such as
laparoscopy and robotic-assisted surgery, which offer numerous benefits,
including smaller incisions, reduced post-operative pain, shorter hospital stays,
and quicker recovery times. Bariatric surgery has greatly benefited from these
techniques, and their adoption has increased the demand for specialized devices
designed for minimally invasive procedures. Improved diagnostic tools like
high-resolution imaging (CT scans, MRI) and diagnostic laparoscopy aid in
precise preoperative planning and patient assessment. These technologies enable
surgeons to choose the most suitable bariatric procedure and enhance the
overall safety and effectiveness of surgeries. The demand for bariatric
surgical devices has surged as manufacturers develop cutting-edge instruments
and equipment. These include specialized stapling devices, trocars, and energy
instruments, all designed to cater to the unique requirements of bariatric surgeries.
These devices contribute to the precision, efficiency, and safety of these
procedures.
Advancements in
telemedicine and remote patient monitoring have improved post-operative care
and long-term follow-up for bariatric surgery patients. These technologies
enhance patient outcomes and satisfaction, further driving the demand for
bariatric procedures and devices. Advancements in medical technology have
played a pivotal role in increasing the demand for bariatric surgical devices.
These innovations have not only made bariatric surgeries safer and more
effective but have also expanded access to these life-changing procedures,
ultimately benefiting individuals struggling with obesity and related health
conditions.
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Key Market Challenges
High
Cost of Surgery
The high cost of bariatric
surgery can indeed have a dampening effect on the demand for bariatric surgical
devices. Bariatric surgery is known to be a costly medical intervention, which
encompasses various expenses including surgeon fees, hospital charges,
anesthesia, post-operative care, and the cost of specialized surgical devices. The significant overall cost of bariatric
surgery can make it inaccessible to individuals with limited financial
resources. This affordability barrier can lead to reduced demand for bariatric
surgical devices as a whole, as potential patients may opt for alternative
treatments or continue struggling with obesity-related health issues.
The availability and
extent of insurance coverage for bariatric surgery can impact patient demand.
In regions where health insurance plans do not cover these procedures or
provide limited coverage, individuals may be deterred from pursuing surgery,
leading to lower demand for associated surgical devices. Even for those with
insurance coverage, high out-of-pocket expenses, such as copayments and
deductibles, can dissuade potential patients from undergoing bariatric surgery.
The financial burden can discourage individuals from considering this treatment
option, indirectly affecting the demand for bariatric surgical devices.
Lack of
Knowledge and Awareness
The lack of knowledge and
awareness surrounding bariatric surgery is a significant factor contributing to
the decreased demand for bariatric surgical devices. Bariatric surgery is a
highly effective treatment for severe obesity and related health conditions,
but misconceptions, limited awareness, and insufficient education can hinder
patient adoption and utilization of these procedures and the devices associated
with them. Many individuals hold misconceptions about bariatric surgery,
including concerns about its safety, invasiveness, and potential risks. A lack
of accurate information can deter individuals from exploring this treatment
option, leading to decreased demand for bariatric surgical devices.
Access to reliable and
comprehensive information about bariatric surgery is not widespread.
Individuals may not be aware of the procedures available, their potential
benefits, or the role of specialized surgical devices in these surgeries. Healthcare
providers play a crucial role in educating patients about bariatric surgery.
However, some may lack adequate knowledge or training in this field, leading to
fewer referrals and less information dissemination about the procedures and
associated devices. In regions where health insurance plans do not cover
bariatric surgery or provide limited coverage, patients may remain uninformed
about this treatment option, leading to decreased demand for bariatric surgical
devices.
Key Market Trends
Rise Of
Medical Tourism in India
The rise of medical
tourism in India has significantly contributed to the increased demand for
bariatric surgical devices. India has emerged as a preferred destination for
individuals seeking high-quality healthcare services at a fraction of the cost
in their home countries. India boasts
world-class healthcare facilities and highly skilled medical professionals who
are experienced in performing bariatric surgeries. The availability of
state-of-the-art equipment and surgical devices further enhances the appeal of
India as a medical tourism destination for bariatric procedures.
Medical tourists come to
India not only for cost savings but also for the high-quality care provided.
The assurance of receiving safe and effective bariatric surgeries with the
latest surgical devices motivates individuals to choose India as their
destination for treatment. Specialized Facilities: Many healthcare institutions
in India have dedicated centers of excellence for bariatric surgery, equipped
with advanced surgical devices tailored to these complex procedures. These
facilities are designed to cater to the unique needs of medical tourists
seeking bariatric surgery. Medical tourism packages often include comprehensive
care, which encompasses pre-operative consultations, surgery, post-operative
follow-up, and recovery support. These packages further boost the demand for
bariatric surgical devices as more patients opt for all-inclusive treatment
plans.
Cost-Effectiveness
Of Treatments
The cost-effectiveness of
bariatric surgery is a pivotal factor driving the increasing demand for
bariatric surgical devices. Bariatric surgery is a highly effective treatment
option for individuals struggling with severe obesity and associated health
conditions. As healthcare costs continue to rise, many individuals and
healthcare systems are recognizing the long-term economic benefits of these
surgeries, contributing to the growing demand for specialized bariatric
surgical devices. Bariatric surgery can lead to significant and sustained
weight loss, resulting in improved overall health and a reduced risk of
obesity-related comorbidities like diabetes and heart disease. By addressing
these conditions, bariatric surgery can potentially lead to long-term
healthcare cost savings. This prospect encourages both individuals and
healthcare providers to opt for these procedures, subsequently driving the
demand for bariatric surgical devices. After bariatric surgery, patients often
require fewer medications to manage obesity-related health issues. The
decreased reliance on expensive medications for conditions like diabetes and
hypertension can lead to substantial savings over time, making the surgery a
cost-effective choice. Bariatric surgery can enhance a patient's quality of
life by reducing or eliminating obesity-related health problems, such as joint
pain, sleep apnea, and depression. This improvement in well-being translates to
increased productivity, better job opportunities, and a reduced need for
disability-related benefits, contributing to the cost-effectiveness of these
surgeries.
Studies have shown that
bariatric surgery can lead to fewer hospitalizations and emergency room visits
for obesity-related complications. This reduction in healthcare utilization
results in cost savings for both patients and healthcare systems, further
driving the demand for bariatric surgical devices. As insurance companies
recognize the cost-effectiveness of bariatric surgery, some have started to
cover these procedures. This has expanded access to bariatric surgery,
increasing the demand for surgical devices needed to perform these surgeries.
Segmental Insights
Surgery Insights
Based on the surgery, the sleeve gastrectomy segment
is projected to maintain its dominance in the market, holding the largest share
and registering the highest Compound Annual Growth Rate (CAGR) during the
forecast period. This can be attributed to the recent approval of this
incision-less surgery by the FDA, which has instilled confidence in both
patients and healthcare professionals. The Sleeve Gastrectomy procedure has
witnessed remarkable advancements and innovations in recent years, such as
improved surgical techniques and enhanced post-operative care, making it an
increasingly preferred choice for individuals seeking effective weight loss
solutions. With its minimally invasive nature, shorter recovery time, and
consistently positive outcomes, the popularity of Sleeve Gastrectomy continues
to grow among patients and healthcare practitioners alike.
End User Insights
Based on end user, in India, hospitals and clinics
play a significant role in driving the growth of the Bariatric Surgical Devices
Market. These medical institutions, with their extensive accessibility and
state-of-the-art facilities, have emerged as the primary choice for patients
seeking bariatric surgeries. The availability of advanced surgical devices in
these settings not only enhances patient outcomes but also reinforces patient
trust in the healthcare system. Moreover, the confluence of technological
advancements, affordability, and the rising prevalence of obesity further
solidifies the position of hospitals and clinics at the forefront of India's
Bariatric Surgical Devices Market. With continuous advancements in surgical
techniques and the adoption of innovative devices, hospitals and clinics are
well-equipped to offer comprehensive care to patients, ensuring successful
outcomes and improving their quality of life. The dedication of healthcare
professionals, coupled with the supportive infrastructure of hospitals and
clinics, creates a conducive environment for the growth of the Bariatric
Surgical Devices Market in India. As these institutions continue to prioritize
patient safety and satisfaction, the market is expected to witness sustained growth,
benefiting both patients and the healthcare industry as a whole.
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Regional Insights
- In the rapidly growing
Bariatric Surgical Devices Market in India, the North region is projected to
take the lead. This dominance can be attributed to several factors. Firstly,
the high prevalence of obesity and associated health conditions in this region
creates a significant demand for bariatric surgeries. The North region has
witnessed a steady increase in obesity rates due to changing lifestyles, lack
of physical activity, and unhealthy dietary habits. As a result, there is a
pressing need for effective weight loss solutions, and bariatric surgeries have
emerged as a viable option. The increasing awareness of the benefits of these
surgeries among the population further fuels the demand in the North region.
Health campaigns, educational programs, and media coverage have played a
crucial role in disseminating information about the positive outcomes and
long-term health benefits of bariatric surgeries. As a result, individuals who
have struggled with obesity are now more willing to explore surgical
interventions to improve their quality of life.
- The North region boasts
advanced healthcare facilities that cater to the growing demand for bariatric
surgeries. State-of-the-art hospitals equipped with modern infrastructure,
skilled surgeons, and specialized bariatric surgery units provide comprehensive
care to patients seeking weight-loss procedures. The availability of such
advanced treatment options ensures that individuals in the North region have
access to the highest quality of care and can make informed decisions regarding
their health. The North region's leading position in the Bariatric Surgical
Devices Market in India can be attributed to the high prevalence of obesity,
increasing awareness among the population, and advanced healthcare facilities.
As the demand for bariatric surgeries continues to rise, it is expected that
the North region will remain at the forefront of this rapidly evolving field,
offering effective weight-loss solutions to individuals in need.
Key Market Players
- 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
|
By
Product
|
By
Surgery
|
By
End User
|
By
Region
|
- Hand
Instrument
- Access
Instrument
- Endoscope
- Surgical
Stapling Devices
- Electrosurgery
- Endoscopic
Suturing Device
- Accessories
|
- Gastric
Banding
- Sleeve
Gastrectomy
- Gastric
Bypass
- Biliopancreatic
Diversion with A Duodenal Switch (Bpd-Ds)
- Endoscopy
|
- Hospitals
& Clinics
- Ambulatory
Surgery Centres
- Others
|
|
Report
Scope:
In this report, the India Bariatric
Surgical Devices Market has been segmented into the following categories, in
addition to the industry trends which have also been detailed below:
- India Bariatric Surgical Devices Market, By Product:
o
Hand Instrument
o
Access Instrument
o
Endoscope
o
Surgical Stapling
Devices
o
Electrosurgery
o
Endoscopic Suturing
Device
o
Accessories
- India Bariatric Surgical Devices Market, By Surgery:
o
Gastric Banding
o
Sleeve Gastrectomy
o
Gastric Bypass
o
Biliopancreatic
Diversion with A Duodenal Switch (Bpd-Ds)
o
Endoscopy
- India Bariatric Surgical Devices Market, By End User:
o
Hospitals &
Clinics
o
Ambulatory Surgery
Centres
o
Others
- India Bariatric Surgical Devices Market, By Region:
o
North
o
South
o
West
o
East
Competitive
Landscape
Company
Profiles: Detailed analysis of the major companies present in
the India Bariatric Surgical Devices Market.
Available
Customizations:
India Bariatric Surgical
Devices Market report with the given market data, Tech Sci Research
offers customizations according to a company's specific needs. The following
customization options are available for the report:
Company
Information
- Detailed
analysis and profiling of additional market players (up to five).
India Bariatric Surgical Devices Market is an upcoming
report to be released soon. If you wish an early delivery of this report or
want to confirm the date of release, please contact us at [email protected]