India Bariatric Surgery Devices Market - Growth, Trends, and Forecasts (2023 - 2028)

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 Devices Market Trends

Stapling Devices Segment are Expected to Witness Significant Growth Over the Forecast Period

The stapling devices segment is expected to show a comparatively higher growth over the forecast period than other devices used in bariatric surgeries, owing to factors such as the rising number of bariatric surgeries and the high prevalence of obesity in the population. In addition, the rising burden of type 2 diabetes among the population increases the demand for bariatric surgery which helps in controlling the level of sugar in the blood.

Staple devices are devices that are used to close incisions after surgery or to remove a part of an organ, cut through and seal organs and tissues, and create connections between structures. They are used for tissue closure or skin closure and as an alternative to sutures and needles. Thus, most bariatric procedures are currently being performed with mechanical stapling devices, thereby contributing to the overall growth. It is one of the most prominent devices as it frequently leads to more significant and reliable weight loss surgical outcomes for patients, as well as a greater reduction in obesity-related health problems.

The growth of the segment is also helped by the fact that more companies in the country are making innovative and advanced stapling devices.In India, for example, Intuitive India released the SureForm, the first robotic-assisted surgical stapler with SmartFire technology, an integrated software, in July 2021.SmartFire changes the firing process automatically as staplers are made and the cut is made. This makes sure that the staple line stays the same and prevents tissue damage across a range of tissue thicknesses.Such product launches are likely to add to the segment’s growth.

Therefore, owing to factors such as the increasing number of product launches in the country, the studied segment is expected to grow over the forecast period.

Implantable Devices Segment is Expected to Have the Significant Market Share Over the Forecast Period

The implantable devices segment is expected to witness significant growth in the bariatric surgery devices market in India over the forecast period owing to factors such as the rising prevalence of obesity and other risk-associated factors such as diabetes among the population. Some of the implantable devices that are used for bariatric surgeries are gastric bands, gastric balloons, electrical stimulation devices, and others.

In implantable devices, gastric balloon devices are expected to register healthy growth during the forecast period. A gastric balloon, also referred to as an intragastric balloon (IGB) or a stomach balloon, is an inflatable medical tool that is momentarily inserted into the stomach to aid in weight loss. The introduction of new products, an increase in patient awareness, collaboration with bariatric surgery centers, and manufacturing optimization to increase operating leverage are some of the factors that are driving the demand for balloons. Also, preoperative intragastric balloon surgery significantly decreased liver volume in individuals with super obesity, shortened the surgical procedure, and reduced the chance of serious negative events.

Additionally, the advancements in balloon devices for inducing weight loss in patients are also contributing to the market's growth. For instance, as per a news article published in August 2022, the CDSCO approved Allurion's gastric balloon capsules for weight loss in the population suffering from obesity.

Because of all of these things, the studied segment is likely to grow during the forecast period.

India Bariatric Surgery Devices Industry Overview

India's market for bariatric surgery is not very competitive, but there are a few big players. As India is a developing country, there is an increasing demand for bariatric surgery equipment and devices that will make the market more lucrative. This will encourage global players to make their presence felt in India. Some of the key companies in India's bariatric surgery devices market include Medtronic, Johnson & Johnson, Apollo Endosurgery Inc., Conmed Corporation, and B. Braun SE, among others.

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