Malaysia Bariatric Surgery Devices Market Analysis

Malaysia Bariatric Surgery Devices Market Executive Summary

The Malaysia Bariatric Surgery Devices Market is at around $4.3 Mn in 2023 and is projected to reach $6.2 Mn in 2030, exhibiting a CAGR of 5.4% during the forecast period 2023-2030.

The goal of bariatric or metabolic surgery, which includes gastric bypass and other weight-reduction procedures, is to modify the digestive system in order to aid in weight loss. These procedures are usually taken into consideration after diet and exercise have failed or when being overweight causes major health problems. Some operations limit the amount of food that may be eaten, while others lessen the body's capacity to absorb calories and fats. Certain techniques integrate both strategies. While there are many advantages to bariatric surgery, it's vital to remember that all weight-loss surgeries are serious operations with possible dangers and adverse effects. To ensure the long-term success of the surgery, patients must also pledge to engage in regular physical activity and make lasting good dietary modifications. While bariatric surgery can offer many benefits, all forms of weight-loss surgery are major procedures that can pose risks and side effects. Also, you must make permanent healthy changes to your diet and get regular exercise to help ensure the long-term success of bariatric surgery. Bariatric surgery is done to help you lose extra weight and reduce your risk of possibly life-threatening weight-related health problems, including: certain cancers, including breast, endometrial and prostate cancer, heart disease and stroke, high blood pressure, high cholesterol levels, Non-alcoholic fatty liver disease (NAFLD) or non-alcoholic steatohepatitis (NASH), sleep apnoea, type 2 diabetes etc.

The National Health Screening Initiative (NHSI) 2023 found that 31.3%, or 2.83 Mn individuals screened, were found to be overweight with a body mass index (BMI) of over 25 kg/m2. Another 22.2% 1.99 Mn individuals were obese with a BMI of more than 30 kg/m2. In total, more than half, or 53.5 per cent, of Malaysians screened under the NHSI were either overweight or obese. Therefore, the market is driven by various factors such as increasing demand for minimally invasive surgeries, rising incidence of obesity, technological advancements, rising awareness about bariatric surgery.

The prominent players in the market are Medtronic, B. Braun, Asenus Surgical, Johnson & Johnson, Cousin Surgery among others.

Market Dynamics

Market Drivers

Increased Awareness of Obesity-Related Health Risks: There is a growing awareness among the Malaysian population regarding the health risks associated with obesity, such as diabetes, hypertension, and heart disease. This awareness is driving more individuals to seek bariatric surgery as a preventive measure.

Rising Demand for Minimally Invasive Procedures: There is an increasing preference for minimally invasive surgical techniques among patients due to their associated benefits, such as shorter recovery times and reduced postoperative pain, driving demand for advanced bariatric devices.

Growing Middle-Class Population: The expanding middle-class population in Malaysia is leading to increased disposable income, which enables more individuals to afford bariatric surgery as a viable option for weight loss. Eventually, enhancing the market of bariatric surgery market.

Market Restraints

High costs associated with bariatric surgeries and devices: Despite improvements in coverage, the high costs of bariatric procedures and devices is still a significant barrier for many patients. This is especially true for those without comprehensive insurance coverage or in provinces with limited public funding for these procedures.

Potential complications and risks of surgical procedures: Bariatric surgeries, like other major operations, come with risks including infection, bleeding, and negative reactions to anesthesia. Long-term issues such as nutritional deficiencies and dumping syndrome may also arise. These potential risks might discourage some patients from opting for surgery.

High Cost of Procedures: The cost of bariatric surgery can be prohibitive for many individuals, especially in a market where insurance coverage for such procedures may be limited. Thus hampering the market growth rate.

Regulatory Landscape and Reimbursement Scenario

The National Pharmaceutical Regulatory Agency (NPRA) collaborates on certain aspects, while professional bodies like the Malaysian Society for the Study of Obesity (MASSO) and the Malaysian Medical Council (MMC) provide guidelines and influence adoption of new techniques.

Reimbursement for bariatric procedures varies widely between the public and private sectors, with limited coverage in public healthcare and variable policies in private insurance. Many patients rely on out-of-pocket payments or a combination of insurance and personal funds, with some utilizing the Employees Provident Fund for medical expenses.

Competitive Landscape

Key Players

Here are some of the major key players in the Malaysia Bariatric Surgery Devices Market:

• Vigilenz Medical Devices
• Richard Wolf GmbH
• SPATZ FIGA, Inc.
• Teleflex Incorporated
• USGI Medical, Inc.
• B Braun Melsungen AG
• Cousin Surgery
• Medtronic plc.
• Ethicon, Inc. (Johnson & Johnson)
• Asenus Surgical US, Inc.
• Olympus Corporation