Bariatric Surgery Devices Market Global Demand, Growth, Top Key Players and Forecast to 2032
Bariatric Surgery Devices Market
The Bariatric Surgery Devices Market will obtain a 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 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
The global bariatric surgery
devices market, based on region, has been divided into the Americas, Europe,
Asia-Pacific, and the 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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