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Bariatric Surgery Devices Market Trends, Top Companies, Share, Growth And Forecast 2033
Bariatric Surgery Devices Market
Bariatric Surgery Devices Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $2.98 billion In 2028 At A CAGR Of 9.3% :
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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Bariatric Surgery Devices Market Major Segments
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
Key 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.
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Prominent Trend - Technological Advancements Reshaping The Landscape Of Bariatric Surgery Devices Market
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 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. For instance, in September 2021, Olympus Corporation, a Japan-based medical technology company launched POWERSEAL advanced bipolar surgical energy devices. POWERSEAL provides surgeons with state-of-the-art sealing, dissection, and grasping capabilities in laparoscopic or open surgery while highly reducing the force required by the surgeon to close the jaws. It can be used in various forms of surgical procedures including bariatric surgery, general surgery, and gynecological, colorectal, urological, and other surgeries.
Bariatric Surgery Devices Market Players
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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Largest And Fastest Growing Region In The Market
North America was the largest region in the bariatric surgery devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bariatric surgery devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Bariatric Surgery Devices Market Report Structure
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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