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Bariatric Surgery Devices Market Overview 2024-2033: Evaluating Industry Growth and Forecast
Bariatric Surgery Devices
The Business Research Company offers in-depth market insights through Bariatric Surgery Devices Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The bariatric surgery devices market size has grown strongly in recent years. It will grow from $1.91 billion in 2023 to $2.09 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to healthcare infrastructure development, awareness and education, medical tourism, insurance coverage, government initiatives, patient outcomes and success stories.
The bariatric surgery devices market size is expected to see strong growth in the next few years. It will grow to $2.98 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to aging population, regulatory support, patient empowerment, preventive healthcare measures, minimally invasive procedures, globalization of bariatric surgery. Major trends in the forecast period include technological advancements, personalized medicine in bariatrics, integration of artificial intelligence, collaborations and partnerships, digital health solutions.
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Market Segmentation:
The bariatric surgery devices market covered in this report 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
Major Driver - Rising Obesity Rates Fueling Demand For Bariatric Surgery Devices
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 the obese population across the globe to mitigate fat deposits is expected to boost demand for bariatric surgery devices. For instance, according to the World Health Organization (WHO), over 1 billion people globally are obese currently (2022), out of which 650 million account for adults, 340 million are adolescents and 39 million are children. Therefore, an increase in the obese population will contribute to the growth of the bariatric surgery devices market.
Competitive Landscape:
Major companies operating in the bariatric surgery devices market report are Medtronic plc, Covidien LLC, B. Braun Melsungen AG, Olympus Corporation, Intuitive Surgical Inc, Ethicon LLC, Allergan plc, Endo Technologies LLC, Bariatric Advantage, US Endoscopy, Apollo Endosurgery Inc, Microline Surgical Inc., EndoGastric Solutions Inc, Reshape Medical Inc., ReShape Lifesciences Inc, Cousin Biotech, BaroSense Inc, Bariatric Fusion LLC, Aspire Bariatrics Inc, TransEnterix Inc, Life Partners Europe, MetaCure Ltd., Bariatric Solutions International Inc., USGI Medical Inc., GI Windows Inc., Metamodix Inc., IntraPace Inc, Spatz Medical, BAROnova Inc, Leptos Biomedical, Satiety Inc, Swissmed Instruments AG, Obalon Therapeutics Inc., Obtech Medical AG, Surgiquest Inc, Transenterix Surgical Inc.
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Top Trend - Innovative Products To Enhance Staple Line Security
Major companies in the bariatric surgery devices market are focused on developing innovative products, such as GST Reloads, to enhance staple line security and gain a competitive edge in the market. GST Reloads refer to Gripping Surface Technology used for enhancing uniform tissue compression for improved staple formation. For instance, in March 2021, Ethicon, a US-based manufacturer of surgical suture devices, launched the ECHELON+ Stapler with GST Reloads, designed to enhance staple line security and reduce complications in surgery, especially for bariatric procedures. It outperformed competitors in benchtop testing. Ethicon aims to address surgeon concerns, improve patient outcomes, and adhere to regulatory guidelines, contributing to its commitment to evidence-based innovation.
The Table Of Content For The Market Report 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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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