Introduction
In accordance with the TechSci Research report titled “India Bariatric Surgical Devices Market – Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029,” it is revealed that the India Bariatric Surgical Devices Market attained a valuation of USD 411.30 Million in 2023. This vibrant market is projected to sustain robust growth with a Compound Annual Growth Rate (CAGR) of 6.12% during the forecast period spanning 2025-2029.
Market Drivers
The Prevalence of Obesity and Associated Health Conditions
One of the primary driving forces behind the remarkable growth of India’s bariatric surgical devices market is the escalating prevalence of obesity and its related health ailments, including diabetes and heart disease. This surge in health issues has generated an increased demand for bariatric surgery as a viable treatment option.
Awareness and Accessibility
Rising awareness regarding the effectiveness of bariatric surgery as a solution to obesity and the expanding accessibility of these procedures due to medical advancements and healthcare infrastructure development have substantially contributed to market expansion.
Changing Lifestyles and Diet Patterns
Another noteworthy driver is the burgeoning middle-class population in India, leading to significant shifts in lifestyle and dietary habits, ultimately resulting in a surge in the obesity rate.
Government Initiatives
Government initiatives that promote healthcare accessibility and affordability further fuel the growth of the bariatric surgical devices market.
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Benefits of Bariatric Surgery
Bariatric surgery, also known as weight loss surgery, is becoming an increasingly popular choice for managing obesity and related conditions. As obesity rates continue to rise in India, more individuals are considering bariatric surgery as a viable solution.
Traditional weight loss methods, such as diet and exercise, often fall short for morbidly obese individuals. Bariatric surgery offers 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.
Healthcare Infrastructure and Technological Advancements
India boasts a robust healthcare infrastructure, with numerous hospitals and clinics equipped to perform bariatric surgery. The availability of skilled surgeons adds to the country’s appeal as a destination for bariatric procedures. Furthermore, advancements in technology are continuously enhancing the safety and efficacy of surgical procedures, further driving the bariatric surgical devices market.
Challenges and Future Prospects
Despite the significant growth, the high cost of bariatric surgery and related devices remains a challenge to market expansion. To ensure broader access to bariatric surgery, more affordable options and improved insurance coverage are needed. 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.
Segmentation of the India Bariatric Surgical Devices Market
The India Bariatric Surgical Devices Market can be divided into several key segments:
- Product
Surgical Stapling Devices: These innovative devices have a profound impact on the market, offering unmatched convenience and efficiency. They are preferred among healthcare professionals due to the rising demand for minimally invasive procedures.
What You’ll Find in the Sample Report
The sample report offers a comprehensive analysis of the India Bariatric Surgical Devices Market. It delves into market drivers, challenges, and future prospects. You will find insights into the role of bariatric surgery in managing obesity and related conditions. The report also explores the impact of healthcare infrastructure and technological advancements on market growth.
Who Will Benefit from This Report
- Healthcare Professionals: Surgeons, medical practitioners, and healthcare institutions can gain insights into the market dynamics, which can inform their decision-making processes.
- Investors and Manufacturers: This report provides valuable information for investors and manufacturers looking to explore opportunities in the bariatric surgical devices market in India.
- Government Agencies: Policymakers and government agencies can use this report to understand the market’s potential and develop strategies to promote healthcare accessibility and affordability.
- Academia and Research Institutions: Scholars and researchers can use this report as a reference for understanding the growth and evolution of bariatric surgery in India.
India bariatric surgical devices market is experiencing significant growth due to a confluence of factors, primarily driven by the increasing prevalence of obesity and the rising awareness of bariatric surgery as a viable treatment option. While challenges remain, the market is poised for a promising future, making it an area of interest for various stakeholders.
Challenges and Opportunities
Despite the significant growth and potential of the India Bariatric Surgical Devices Market, several challenges persist. The high cost of bariatric surgery and related devices continues to be a significant barrier for many prospective patients. To ensure broader access to bariatric surgery, it is imperative to explore options that make these life-changing procedures more affordable and accessible. Additionally, addressing the need for improved insurance coverage can play a pivotal role in expanding the reach of these critical surgeries.
Looking ahead, the market holds a wealth of opportunities. With obesity rates still on the rise and the increasing awareness about the benefits of bariatric surgery, the market is poised to continue its upward trajectory. Furthermore, as technology continues to advance, the safety and efficacy of surgical procedures will improve, driving further demand for bariatric surgical devices. Manufacturers and suppliers should focus on developing innovative, cost-effective solutions that can cater to the evolving needs of both patients and healthcare professionals.
Customers can also request for 10% free customization on this report.
Segmentation of the India Bariatric Surgical Devices Market
The India Bariatric Surgical Devices Market is segmented into various categories:
- Product
Surgical Stapling Devices: These cutting-edge devices have a profound impact on the India Bariatric Surgical Devices Market. Their unparalleled convenience and efficiency have made them the preferred choice among healthcare professionals. As the demand for minimally invasive procedures rises, the adoption of Surgical Stapling Devices is expected to soar, cementing their dominance in the market.
The advanced technology integrated into Surgical Stapling Devices ensures precise and secure staple formation, effectively reducing the risk of complications during bariatric procedures. Their ergonomic design and user-friendly features enhance surgical workflow, enabling surgeons to perform with utmost precision and efficiency. The wide range of available staple sizes and configurations caters to the diverse needs of patients, ensuring optimal outcomes for each individual case. Rigorous testing and quality control measures further emphasize their safety and effectiveness, earning them a trusted reputation among surgeons and healthcare institutions. The demand for these devices is expected to continue to rise, contributing to the growth of the India Bariatric Surgical Devices Market.
- Region
Western Region of India: This region is poised 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 states like 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. Mumbai, in particular, has become a hub for bariatric surgeries, given its cosmopolitan population and thriving healthcare sector. Similarly, Gujarat, with cities like Ahmedabad and Surat, is experiencing significant growth in this market, driven by economic development and increased disposable income. Renowned healthcare facilities and specialized clinics in cities like Ahmedabad are further fueling the growth of the bariatric surgical devices market in the region. As awareness about the benefits of bariatric surgery spreads and healthcare infrastructure continues to develop, the demand for these devices is expected to rise even further.
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
“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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