Rising Obesity Cases to Push the Global Bariatric Surgery Market to Gain $4913.1 Million by 2028

According to a Triton Market Research report on the global bariatric surgery market, the industry, which generated $2187.6 million in 2019, is expected to augment at a CAGR of 9.41% by the year 2028.

A study by Triton Market Research with the title ‘Global Bariatric Surgery Market,’ covers the Global Analysis and Forecast for 2019-2028 by Device (Assisting Device [Stapling Device, Closure Device, Trocars Device, Suturing Device, Other Assisting Devices], Implantable Device [Electrical Stimulation Device, Gastric Band, Gastric Emptying, Gastric Balloon], Other Devices), and by Geographical Region (North America, Latin America, Asia-Pacific, Europe, Middle East and Africa).

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According to the report, the global bariatric surgery market is predicted to reach $4913.1 million by 2028, proliferating with a CAGR of 9.41% in the estimated years between 2019 and 2028. Bariatric surgery is done to treat extreme obesity and reduce the risk of having weight-related life-threatening diseases. This procedure is done by making certain changes in the digestive system of the patient.

There is an explosive increase in the cases of diabetes across the globe. Bariatric surgery has displayed demonstrable improvement in controlling diabetes. Obesity is also a reason for rising cardiovascular diseases. The growing prevalence of diabetes and CVD is driving the growth of the global bariatric surgery market. Lifestyle factors like alcohol intake, drug dosing and unhealthy diet have resulted in the surging obesity rate in the world, which is expected to instigate the demand for the bariatric surgery market. However, poor access to bariatric surgery programs and lack of awareness regarding these surgical options are restraining the market growth.

The bariatric surgery market is segmented on the basis of device, into assisting device, implantable device and other devices. The first sub-segment, assisting device divides into stapling device, closure device, trocars device, suturing device and other assisting devices. The second sub-segment, implantable device, is divided into electrical stimulation device, gastric band, gastric emptying and gastric balloon.

As per the regional landscape, North America is expected to be the largest bariatric surgery market in the projected period. With the rising prevalence of obesity in countries like the US and Canada, the number of bariatric surgeries is expected to surge. Several initiatives, like weight management programs, have been conducted to increase the accessibility of bariatric surgery to the patients.

Some of the key players in the bariatric surgery market are Apollo Endosurgery Inc, B. Braun Melsungen AG, Ethicon Inc (Johnson & Johnson), Lupin, Intuitive Surgical, Conmed Corporation, Aspire Bariatrics, Allergan, Olympus Corporation, Abbott, GE Healthcare (General Electric Company), Medtronic, The Cooper Companies Inc and Reshape Lifesciences Inc.

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Question & Answer: Bariatric Surgery Market

Question 1: Which factors are driving the growth of the global bariatric surgery market?
Answer: There is an explosive increase in the cases of diabetes across the globe. Bariatric surgery has displayed demonstrable improvement in controlling diabetes. Obesity is also a reason for rising cardiovascular diseases. The growing prevalence of diabetes and CVD is driving the growth of the global bariatric surgery market. Lifestyle factors like alcohol intake, drug dosing and unhealthy diet have resulted in the surging obesity rate in the world, which is expected to instigate the demand for the bariatric surgery market.

Question 2: Which factors are restraining the global bariatric surgery market growth?
Answer: Poor access to bariatric surgery programs and lack of awareness regarding these surgical options are restraining the global bariatric surgery market growth.

Question 3: How is North America impacting the bariatric surgery market outlook?
Answer: As per the regional landscape, North America is expected to be the largest bariatric surgery market in the projected period. With the rising prevalence of obesity in countries like the US and Canada, the number of bariatric surgeries is expected to upsurge. Several initiatives, like weight management programs, have been conducted to increase the accessibility of bariatric surgery to the patients.

Question 4: Which are the key players mentioned in the competitive landscape of the bariatric surgery market report?
Answer: Some of the key players in the bariatric surgery market are Apollo Endosurgery Inc, B. Braun Melsungen AG, Ethicon Inc (Johnson & Johnson), Lupin, Intuitive Surgical, Conmed Corporation, Aspire Bariatrics, Allergan, Olympus Corporation, Abbott, GE Healthcare (General Electric Company), Medtronic, The Cooper Companies Inc and Reshape Lifesciences Inc.

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The major factors driving the growth of the global hearing aids market are the rising prevalence of hearing loss in emerging nations, growing partnership agreements & other strategic initiatives for the distribution & development of hearing aids and the favorable government initiatives for the promotion of hearing aids. The aging population is more prone to hearing disorders. With the rising geriatric population, there is an increase in the demand for the hearing aids market.

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