Bariatric Surgery Devices Market
The Bariatric Surgery Devices Market Share is expected to grow at CAGR of 6.10 % and USD 3 3.5 Billion in the forecast period by 2032.
Bariatric surgery involves making changes to the digestive system to help the patient lose weight
The bariatric surgery devices market has witnessed a tectonic surge over the past few years, mainly due to the surging incidences of obesity among the global population. The growing sedentary lifestyle has resulted in an increased prevalence of obesity, which is a key growth stimulant of the market. The surging demand for minimally invasive procedures has benefitted the market growth to a great extent. Governments are taking initiatives in order to spread awareness regarding unhealthy food and drinks, which will propel the market growth.
Advancing technologies in weight loss surgery are gaining prominence in the market. These advancements are further estimated to enhance the reliability of frequently performed procedures. Treatment procedures like laparoscopic greater curvature plication (LGCP), primary obesity surgery endolumenal (POSE), and hand-assisted laparoscopic surgery (HALS) are emerging in the market and are gaining popularity, especially in the U.K. and the U.S. These advancements made globally will promote the market growth in the foreseeable future.
On the contrary, factors like the dearth of skilled healthcare professionals are predicted to retard the market growth in the coming years.
Major Key Players:
MRFR recognizes the following companies as Key Bariatric Surgery Devices Market Players — Medtronic (Ireland), Apollo Endosurgery, Inc. (US), Intuitive Surgical Inc. (US), Johnson & Johnson Services Inc. (US), ReShape Lifesciences, Inc. (US), Olympus Corporation (Japan), Mediflex Surgical Products (US), TransEnterix Surgical, Inc. (US), Aspire Bariatrics (US), and Spatz FGIA, Inc. (US) among others.
Segment Analysis
Based on product, the global bariatric surgery devices market has been segmented into implantable devices, assisting devices, and others. The implantable devices segment has been further sub-segmented into gastric bands, electrical stimulation devices, gastric balloons, and gastric emptying devices. The assisting devices segment has been sub-segmented into stapling devices, trocars, suturing devices, incision closure devices, and others
On the basis of procedure, the bariatric surgery devices market has been segmented into revision bariatric surgery, non-invasive bariatric surgery, sleeve gastrectomy, gastric bypass, adjustable gastric banding, biliopancreatic diversion with duodenal switch, mini-gastric bypass, and gastric bypass.
By end-user, the bariatric surgery devices market has been segmented into bariatric surgery clinics, hospital pharmacies, ambulatory surgical centers, and others.
Regional Analysis
Global Bariatric Surgery Devices Market Outlook, based on region, has been divided into Europe, the Americas, Asia-Pacific, and Middle East & Africa.
The Americas is expected to hold the largest share of the global bariatric surgery devices market. This is owing to the rising obese and overweight population, increasing sedentary lifestyle, and growing demand for minimally invasive procedures. Also, increasing awareness about procedures related to bariatric surgery devices in the US, prompts market growth.
The European market holds the second-largest position in the global bariatric surgery devices market. Factors attributing to the growth of the market are the availability of minimally invasive bariatric surgery devices, the increasing launch of bariatric surgery devices and growing innovation in the medical device market is expected to drive the market growth in Europe.
Asia-Pacific is estimated to be the fastest-growing region owing to the rapidly rising per capita disposable income and availability of advanced surgical devices support the market growth. Also, the presence of a large target population in countries such as China and India are expected to boost the market growth. The growing geriatric population in Asian countries is also likely to be one of the major supporting factors during the forecast period.
The bariatric surgery devices market in the Middle East & Africa is expected to grow at a significant rate owing to growing advanced treatment facilities in the economies of the UAE and Saudi Arabia in the Middle East which drives market growth.
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