Bariatric Surgery Devices Market Trends 2021 | Top Industry Players are Surgical, Apollo Endosurgery, CONMED, Medtronic, Ethicon, Olympus

Growing cases of obesity among people in both developed as well as developing nations has been observed over the years. This trend is driven by various factors like consumption of unhealthy food and beverages, hereditary, side effects of medication, lack of exercise, and other health-related problems. It has led many people to undergo bariatric surgery to enhance their appearance, boost confidence, among many others.

The American Society for Metabolic and Bariatric Surgery offers research funding that has proven to be beneficial for industrial growth. Moreover, the growing investments into research along with financial assistance provided to the patients undergoing the surgical procedures in the form of cashless payments and reimbursements will further positively influence the market share.

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Reports estimate that the global bariatric surgery devices market could amass USD 2.2 billion in terms of total valuation through 2025. Enlisted below are some of the integral factors likely to influence the industry size in the coming times.
Growing demand for minimally invasive surgical devices
Technological developments in the field to meet the growing medical needs of the people worldwide has encouraged the development of bariatric surgery devices with the superior accuracy level and reliability for an efficient patient management system. The recurrent advancement of technology facilitates the introduction of minimally invasive and incision-less bariatric surgery devices.

In the year 2018, minimally invasive surgical devices were responsible for over 85% of the overall industry revenue share. Several benefits linked with the minimally invasive surgical instruments such as reduction of scars, improved accuracy, minimum discomfort after the treatment along smaller incisions among others will make it a preferred treatment method among the patients. Developments in stapling devices, energy-sealing devices will complement the demand for minimally invasive bariatric surgery devices.
Adjustable gastric banding procedure to witness high adoption

With respect to the type of procedure, the adjustable gastric banding segment has gained considerable recognition due to the various advantages linked to the use of the production including minor incision of the stomach and rerouting of intestines. Moreover, this procedure carries a lowers risk of post-operative issues when compared to others.

The advancements in the medical industry over time pose a favorable opportunity for growth in the wide bariatric surgery devices market share. Growing government funding along with favorable health reimbursement schemes has supported technological developments in bariatric surgeries especially in the developed regions like North America and Europe.

Advancing healthcare industry in Asia Pacific
Regionally speaking, Asia Pacific has emerged as a profitable revenue terrain due to the growing use of surgical devices coupled with the growing prevalence of obesity will foster regional business growth. In the year 2018, APAC bariatric surgery devices industry share was valued at USD 390 million. Various advancements in the healthcare sector along with the rising patient preference towards the use of minimally invasive procedures will support the regional product demand.
Bariatric surgery devices market is endowed with many leading market players that are constantly working towards advancing the offerings to meet the growing patient needs. Some of the prominent companies worldwide include CONMED, Ethicon, Medtronic, Reshape Lifesciences, and Olympus, to name a few.

Market, By Product
• Minimally Invasive Surgical Devices [Stapling Devices, Energy/Vessel-sealing Devices, Suturing Devices],
• Non-invasive Surgical Devices

Market, By Procedure
• Sleeve Gastrectomy,
• Gastric Bypass,
• Revision Bariatric Surgery,
• Non-invasive Bariatric Surgery,
• Adjustable Gastric Banding,
• Mini-gastric Bypass

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The industry players are focusing on developing solutions that are advanced, reliable, safe, and less painful. For example, in May 2016, an American company – Apollo Endosurgery introduced the Orbera Coach platform- an incision-less, non-surgical weight-loss method that was developed to meet the targeted needs of the patients that undergo bariatric surgery.

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