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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