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Bariatric Surgery Devices Market worth $3.32 billion by 2030, growing at a CAGR of 7.61% - Exclusive Report by 360iResearch
Bariatric Surgery Devices Market | 360iResearch
The Global Bariatric Surgery Devices Market to grow from USD 1.98 billion in 2023 to USD 3.32 billion by 2030, at a CAGR of 7.61%.
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The bariatric surgery devices market comprises medical devices used in weight loss surgeries, which are performed on patients with obesity. Bariatric surgeries are typically considered when other weight loss methods, such as dieting, exercise, and medication, have not been successful. These devices include gastric bands, gastric bypass devices, gastric balloons, sleeve gastrectomy devices, and other related surgical instruments. The rising incidence of comorbid conditions associated with obesity, such as diabetes, hypertension, and cardiovascular diseases, significantly increases the need for bariatric surgery as an effective treatment approach. However, the high cost of bariatric surgery and concerns over the long-term effectiveness and potential complications of the procedures may dissuade patients from opting for surgery. Additionally, stringent regulatory frameworks and the need for rigorous clinical trials to prove the efficacy and safety of new devices can delay their introduction to the market. Furthermore, the market for bariatric surgery devices presents opportunities, including the development of minimally invasive and non-invasive surgical devices that reduce patient recovery time and risk of complications. Innovation in device technology, such as smart implants with monitoring capabilities, and expanding insurance coverage for bariatric procedures offer new growth prospects for market players.
In the Americas, particularly the United States and Canada, obesity rates have continued to rise, making bariatric surgery a crucial option for weight loss. Market research indicates that both consumer needs and purchasing behaviors are heavily influenced by the prevalence of obesity-related disorders, healthcare policies that influence insurance coverage for such surgeries, and increased awareness about bariatric procedures. European Union (EU) countries exhibit a growing need for bariatric surgery, driven by rising obesity rates and increased acceptance of surgical interventions. Within the EU, countries exhibit different levels of market maturity, affected by healthcare system structures, reimbursement policies, and cultural attitudes towards obesity surgery. In the Middle East, countries such as Saudi Arabia and the United Arab Emirates demonstrate an increasing need for bariatric surgery devices fueled by a high prevalence of obesity and diabetes. Societal focus on aesthetics and lifestyle improvements contribute to the demand for various surgical procedures, including bariatric surgeries. In APAC, the aging population and shifting dietary patterns contribute to growing obesity rates, which, in turn, fuel the bariatric surgery devices market. Moreover, government initiatives in the region aim to improve access to bariatric surgery among more significant parts of the population, indicating potential market expansion.
Market Segmentation & Coverage:
This research report categorizes the Bariatric Surgery Devices Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Device, market is studied across Gastric Balloon, Gastric Band, Surgical Stapler, and Sutures. The Gastric Band is projected to witness significant market share during forecast period.
Based on Procedure, market is studied across Adjustable Gastric Banding, Biliopancreatic Diversion with Duodenal Switch, Gastric Bypass, Mini-Gastric Bypass, Non-Invasive Bariatric Surgery, Revision Bariatric Surgery, and Sleeve Gastrectomy. The Gastric Bypass commanded largest market share of 24.81% in 2023, followed by Non-Invasive Bariatric Surgery.
Based on End User, market is studied across Ambulatory Surgery Centers, Clinics, and Hospitals. The Hospitals commanded largest market share of 57.07% in 2023, followed by Clinics.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 36.19% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Bariatric Surgery Devices Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Bariatric Surgery Devices Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Bariatric Surgery Devices Market, highlighting leading vendors and their innovative profiles. These include Abbott Laboratories, Allurion S.a.s., AMI GmbH, Apollo Endosurgery, Inc., Asensus Surgical, Inc., B. Braun SE, BIOTRONIK SE & Co KG, Boston Scientific Corporation, CONMED Corporation, Cousin Biotech, Edwards Lifesciences, Geyi Medical Instrument, GI Dynamics Inc., Grena Ltd., Integra LifeSciences Corporation, Intuitive Surgical Inc., Johnson & Johnson Private Limited, Mediflex Surgical Products, Medtronic PLC, Olympus Corporation, ReShape Lifesciences, Inc., Spatz FGIA, Inc., Standard Bariatrics, Inc., Stryker Corporation, USGI Medical Inc., and Zimmer Biomet Holdings, Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Bariatric Surgery Devices Market, by Device
7. Bariatric Surgery Devices Market, by Procedure
8. Bariatric Surgery Devices Market, by End User
9. Americas Bariatric Surgery Devices Market
10. Asia-Pacific Bariatric Surgery Devices Market
11. Europe, Middle East & Africa Bariatric Surgery Devices Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Bariatric Surgery Devices Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Bariatric Surgery Devices Market?
3. What is the competitive strategic window for opportunities in the Bariatric Surgery Devices Market?
4. What are the technology trends and regulatory frameworks in the Bariatric Surgery Devices Market?
5. What is the market share of the leading vendors in the Bariatric Surgery Devices Market?
6. What modes and strategic moves are considered suitable for entering the Bariatric Surgery Devices Market?
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