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Bariatric Surgery Devices Market Outlook 2023: Expected Market Growth Rate, Major Driver And Segments | Ethicon (Johnson & Johnson), Medtronic, Intuitive Surgical, ReShape Lifesciences, Aspire Bariatrics
Bariatric Surgery Devices Global Market Report
The Business Research Company's Bariatric Surgery Devices Global Market Report 2023 identifies the growing obese population is significantly contributing to the growth of the bariatric surgery devices market. Obesity refers to the abnormal or excessive accumulation of fat, which might impair the health of individuals. In recent years, obesity has become a public health challenge across the globe, with a substantial contribution to global mortality and morbidity. The growing utilization of surgical procedures by obesity population across the globe to mitigate fat deposits are expected to boost demand for bariatric surgery devices.
The global bariatric surgery devices market size grew from $1.72 billion in 2022 to $1.86 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the bariatric surgery devices is expected to grow to $2.49 billion in 2027 at a CAGR of 7.6%.
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Major players in the bariatric surgery devices market are Ethicon (Johnson & Johnson), Medtronic, Intuitive Surgical, ReShape Lifesciences, Aspire Bariatrics, Mediflex Surgical Products, Spatz FGIA, Cousin Biotech, Olympus Corporation of the Americas, GI Dynamics, USGI Medical, Asensus Surgical US Inc., and Smith & Nephew.
A key trend in the Bariatric Surgery Devices market includes the technological advancement is a key trend gaining popularity in the bariatric surgery devices market. Key players operating in the bariatric surgery devices market are focusing on developing technologically advanced products to meet the surgical demands and strengthen their position in the market. These developments include devices that offer improved features for better outcomes in bariatric surgery while reducing risks during the procedure.
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The Bariatric Surgery Devices market is segmented -
1) By Type: Minimally Invasive Surgical Devices, Stapling Devices, Energy/Vessel Sealing Devices, Suturing Devices, Accessories, Non-invasive Surgical Devices
2) By Procedure: Sleeve Gastrectomy, Gastric Bypass, Revision Bariatric Surgery, Non-invasive Bariatric Surgery, Adjustable Gastric Banding, Mini-gastric Bypass, Biliopancreatic Diversion with Duodenal Switch
3) By End User : Clinics, Hospitals, Specialty Centers, Ambulatory Surgical Centers
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Bariatric Surgery Devices market.
The Business Research Company's "Global Bariatric Surgery Devices Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Bariatric Surgery Devices Market Include:
1. Executive Summary
2. Bariatric Surgery Devices Market Characteristics
3. Bariatric Surgery Devices Market Trends And Strategies
4. Bariatric Surgery Devices Market - Macro Economic Scenario
5. Bariatric Surgery Devices Market Size And Growth
……
27. Bariatric Surgery Devices Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Bariatric Surgery Devices Market
29. Bariatric Surgery Devices Market Future Outlook and Potential Analysis
30. Appendix
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