India Bariatric Surgery Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Indian bariatric surgery devices market is segmented by Device Type (Assisting Devices, Implantable Devices), End-User (Bariatric Surgery Clinics, Hospitals, Ambulatory Surgical Centers). The report offers the value (in USD Million) for the above segments.

Market Snapshot

CAGR
Study Period: 2019-2027
Base Year: 2021
CAGR: 6.5 %

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Market Overview

India's Bariatric Surgery Devices Market is expected to register a CAGR of 6.5% during the forecast period. Bariatric surgery or weight loss surgery is used as one of the major treatment procedures for treating obesity. It is generally the last option for patients who have failed in the attempt of losing weight.

The COVID-19 pandemic has resulted in an increase in obesity among Indian people, mostly those who used to go to the office or have fieldwork. This is mainly due to the implementation of work-from-home for most industries. Owing to the lockdown measures across the globe, people were unable to stay active physically which led to rising obesity/weight gain. However, due to the halt on non-emergency procedures during the pandemic, the number of bariatric surgeries performed in the country reduced drastically which indicates the negative impact on the market studied. Moreover, to cope with increasing obesity in the country as a result of COVID-19, the National Institute of Nutrition (NIN), India planned to monitor the rising obesity closely across all states and to create awareness about obesity. As per the article published in August 2021 titled, 'Double trouble: a pandemic of obesity and COVID-19', given how severely the COVID-19 pandemic's second wave has affected India. In this wave, deaths due to COVID-19 reached millions. However, the same article has stated that the country is showing significant progress to cope with the obesity burden which is believed to fuel the market growth.

In addition, as per the National Family Health Survey-5 (NFHS-5) conducted in India, every one in four men or women is obese in the country. At the national level, obesity has surged from 21% to 24% among women and from 19% to 23% among males in the last four years. The survey report further states that both men and women in rural areas are thinner than those in cities. Urban areas have a higher percentage of obese people (33%) than rural ones. Additionally, as household wealth is on the rise in India, the percentage of overweight or obese people is rising steadily. This rising burden of obesity in the country coupled with the increasing advanced in hospital systems across the country is expected to propel the demand for advanced treatment for obesity such as bariatric surgeries.

However, currently, the high cost associated with bariatric surgery is hindering the market growth as a large group of the population in India consists of low-to-middle-income.

Scope of the report

As per the scope of the report, bariatric surgery or weight loss surgery is used as one of the major treatment procedures for treating obesity. It is generally the last option for patients who have failed to lose weight by several other means. During this procedure, the size of the stomach is reduced by either removing some parts of the stomach or by using a gastric band. The Indian bariatric surgery devices market is segmented by Device Type (Assisting Devices, Implantable Devices), End-User (Bariatric Surgery Clinics, Hospitals, Ambulatory Surgical Centers). The report offers the value (in USD Million) for the above segments.

By Device
Assisting Devices
Suturing Device
Closure Device
Stapling Device
Other Assisting Devices
Implantable Devices
Other Devices

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Key Market Trends

Assisting Devices are Expected to Witness Strong Growth Over the Forecast Period

The assisting devices in bariatric surgery are the ones that are used for the procedures such as suturing, closure, and stapling during the surgery. These devices play a significant role while performing bariatric surgery as these are the core devices used for the procedure.

In India, the market for assisting devices is growing significantly as a result of increasing bariatric surgeries being performed. For instance, as per the Obesity Surgery Society of India 2020 data, the number of bariatric surgeries performed in the country has increased 100-folds in the last 15 years. In the year 2019, around 20,000 bariatric surgeries were performed in India compared to 200 in the year 2003. This trend of increasing bariatric surgeries in the country is augmenting the growth of the segment.

Additionally, the burden of obesity across the country is rising at a rapid pace. For instance, according to the article published in May 2021 titled, 'Prevalence of Obesity in India and Its Neurological Implications: A Multifactor Analysis of a Nationwide Cross-Sectional Study,' the prevalence of obesity in India is around 40.3%. The same study stated that in the year 2021, obesity rates were greater in women than males (41.88% vs 38.67%), in urban areas than in rural ones (44.17% vs 36.08%), and in those over 40 than in people under 40. Higher obesity was associated with higher education (44.6% of college graduates versus 38% of non-college graduates), as was decreased physical activity. Hence, the statistics provides indicate the increasing obesity in the country which is expected to fuel the growth of the market studied over the forecast period.

Obesity

Competitive Landscape

The bariatric surgery market in India is moderately competitive and consists of several major players. As India is a developing country, there is an increasing demand for bariatric surgery equipment and devices will make the market more lucrative. This will encourage global players to make their presence in India. Some of the key companies in India bariatric surgery devices market include Medtronic, Johnson and Johnson, Apollo Endosurgery Inc., Conmed Corporation, and B. Braun Melsungen AG, among others.

Major Players

  1. Johnson and Johnson

  2. Apollo Endosurgery Inc

  3. B. Braun Melsungen AG

  4. Medtronic PLC

  5. Conmed Corporation

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Recent Development

  • In September 20022, Allurion launched its swallowable gastric balloon capsule for weight loss in India. It is the only medical weight-loss device fully approved by the Central Drugs Standard Control Organisation (CDSCO).
  • In January 2022, Apollo Hospital, Hyderabad, announced that it performed the first Complete Robotic Bariatric surgery, a first of its kind operation in the Telugu states.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Prevalence of Obesity in India

      2. 4.2.2 Increasing Prevalence Rate of Type 2 Diabetes and Heart Diseases

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of Surgery

      2. 4.3.2 Lack of Knowledge and Awareness

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size - Value in USD million)

    1. 5.1 By Device

      1. 5.1.1 Assisting Devices

        1. 5.1.1.1 Suturing Device

        2. 5.1.1.2 Closure Device

        3. 5.1.1.3 Stapling Device

        4. 5.1.1.4 Other Assisting Devices

      2. 5.1.2 Implantable Devices

      3. 5.1.3 Other Devices

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Medtronic PLC

      2. 6.1.2 Johnson and Johnson

      3. 6.1.3 Apollo Endosurgery Inc

      4. 6.1.4 Intuitive Surgical Inc

      5. 6.1.5 B. Braun Melsungen AG

      6. 6.1.6 Conmed Corporation

      7. 6.1.7 TransEnterix Inc

      8. 6.1.8 AbbVie (Allergan)

      9. 6.1.9 Dolphin Surgicals

      10. 6.1.10 Western India Trading Co.

      11. 6.1.11 Staan Bio-Med Engineering Private Limited

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments
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Frequently Asked Questions

The India Bariatric Surgery Devices Market market is studied from 2019 - 2027.

The India Bariatric Surgery Devices Market is growing at a CAGR of 6.5% over the next 5 years.

Johnson and Johnson, Apollo Endosurgery Inc, B. Braun Melsungen AG, Medtronic PLC, Conmed Corporation are the major companies operating in India Bariatric Surgery Devices Market.

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