Market Trends of India Bariatric Surgery Devices Industry
This section covers the major market trends shaping the India Bariatric Surgery Market according to our research experts:
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.
