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

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

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.

Key Market TrendsAssisting 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.

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.

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