Press release
Bariatric Surgery Market Worth USD 5.45 Billion by 2028 at 11.2% CAGR
Bariatric Surgery Market
In a recent research report by Market Research Community, the Bariatric Surgery Market is expected to surpass USD 5.45 Billion by the year 2028, from USD 2.59 Billion in 2021.
Weight loss surgery is often referred to as bariatric and metabolic surgery. These indicate how bariatric procedures affect patients' weight and metabolism health. These procedures are quite helpful in treating many other conditions in addition to obesity, including diabetes, high blood pressure, sleep apnea, and high cholesterol. Future health issues can also be avoided with these procedures. The benefit of the surgery gives obese people a chance to live longer and with a higher quality of life.
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Top Key Players of the Bariatric Surgery Market:
The report includes a regional analysis and country analysis with the latest trends, along with the major key players including Medtronic PLC, Ethicon Inc. (Johnson and Johnson), Apollo Endosurgery Inc., Aspire Bariatrics Inc., Intuitive Surgical Inc., B. Braun Melsungen AG, Olympus Corporation, The Cooper Companies, Conmed Corporation.
The implantable device segment is divided into gastric bands, electrical stimulation devices, gastric balloons, and gastric emptying. The gastric band segment is estimated to grow at a significant level in the bariatric surgery market. Gastric bands implant is a minimally invasive procedure opt by Laparoscope. Moreover, it is greatly used for morbid obesity (Referred to as class III obesity).
Regional Analysis:
North America- (U.S., Canada, Mexico)
Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe)
Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific)
Latin America- (Brazil, Argentina, Chile, Rest of Latin America)
Middle East and Africa- (GCC, Turkey, Israel, Rest of MEA)
By End User:
Bariatric Surgery Clinics, Hospital, Ambulatory Surgical Centers
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The Asia Pacific has achieved significant market growth in the bariatric surgery market owing to the increasing overweight and obesity population. Further, the surge in adoption of various technologies and investment in the healthcare sector, and government awareness programs are the factors projected to fuel the growth of the market.
The market is projected to grow at a significant pace reaching a CAGR of approximately 11.2%, over the forecast period of 2022-2028, despite a considerable fall in Service Operator sales during the initial phase of pandemic spread and lockdown restrictions imposed globally.
The study is consolidated into major segments and further into sub-segments, such as by Assisting Device (Suturing Device, Closure Device, Stapling Device, Trocars, Other Assisting Devices), Implantable Device Type (Gastric Bands, Electrical Stimulation Devices, Gastric Balloons, Gastric Emptying), Surgery Type (Invasive, Non-Invasive), End-Use (Bariatric Surgery Clinics, Hospital, Ambulatory Surgical Centers) to forecast the market size by value; also includes the analysis of past market dynamics from 2016 - 2021, considering 2021 as the base year.
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The research provides answers to the following key questions:
What is the expected growth rate of the Bariatric Surgery Market? What will be the market size for the forecast period, 2022 - 2028?
What are the major driving forces responsible for transforming the trajectory of the industry?
Who are major vendors dominating the Bariatric Surgery Market across different regions? What are their winning strategies to stay ahead in the competition?
What are the market trends business owners can rely upon in the coming years?
What are the threats and challenges expected to restrict the progress of the industry across different countries?
What are the key opportunities that business owners can bank on for the forecast period, 2022 - 2028?
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