Bariatric Surgeries Market To Witness Huge Growth By 2035

In 2021, the global bariatric surgeries market was valued at approximately $1.64 billion and is projected to reach $3.12 billion by 2031, reflecting a CAGR of 6.6% from 2022 to 2031. The global bariatric surgeries market has witnessed significant growth in recent years, driven by the escalating prevalence of obesity and advancements in surgical techniques. Bariatric surgery encompasses various procedures aimed at facilitating weight loss by modifying the digestive system's structure and function. These interventions are typically recommended for individuals with a body mass index (BMI) of 40 or higher, or a BMI of 35 or higher accompanied by obesity-related health conditions such as type 2 diabetes, hypertension, or sleep apnea.

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Bariatric Surgeries Market Growth Factors
Several factors contribute to the expansion of the bariatric surgeries market:
1. Rising Obesity Rates: The increasing global prevalence of obesity is a primary driver. Obesity is linked to numerous health complications, including cardiovascular diseases, type 2 diabetes, certain cancers, and musculoskeletal disorders. As awareness of these risks grows, more individuals are seeking effective weight loss solutions, leading to a higher demand for bariatric procedures.
2. Technological Advancements: Innovations in surgical techniques and medical devices have enhanced the safety and efficacy of bariatric procedures. Minimally invasive approaches, such as laparoscopic surgery, have become the standard, reducing recovery times and complication rates. For instance, the development of advanced stapling devices has improved surgical outcomes.
3. Increased Awareness and Acceptance: Societal shifts toward prioritizing health and well-being have reduced the stigma associated with weight loss surgeries. As a result, more individuals are considering bariatric surgery as a viable option to improve their quality of life.

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Bariatric Surgeries Market Segmentation
The bariatric surgeries market is segmented based on device type, procedure, end user, and region:

1. By Device Type:
◦ Assisting Devices: This category includes stapling devices, suturing devices, and others that aid in performing bariatric procedures. In 2021, assisting devices accounted for the largest market share, driven by their widespread adoption and continuous advancements.
◦ Implantable Devices: Comprising gastric bands, gastric balloons, and other implants designed to restrict food intake or absorption.
◦ Others: Encompassing devices that do not fall into the above categories but are utilized in bariatric surgeries.

2. By Procedure:
◦ Sleeve Gastrectomy: Involves removing a portion of the stomach to reduce its size, limiting food intake. This procedure dominated the market in 2021 due to its effectiveness and lower risk profile.
◦ Gastric Bypass: Entails creating a small pouch from the stomach and connecting it directly to the small intestine, bypassing a significant portion of the digestive tract. This method is projected to experience the highest growth rate during the forecast period, attributed to its high success rate and shorter recovery time.
◦ Others: Includes procedures like adjustable gastric banding and biliopancreatic diversion with duodenal switch.

3. By End User:
◦ Hospitals: Hospitals held the largest market share in 2021, benefiting from well-equipped facilities and the availability of specialized healthcare professionals. The trend is expected to continue, supported by increased health coverage for hospital-based services.
◦ Others: Comprising outpatient surgical centers and specialized clinics offering bariatric procedures.

4. By Region:
◦ North America: Led the market in 2021, driven by a high prevalence of obesity, advanced healthcare infrastructure, and the presence of major industry players. The region is anticipated to maintain its lead during the forecast period.
◦ Asia-Pacific: Expected to witness the highest growth rate, attributed to increasing healthcare investments, rising disposable incomes, and a growing obese population in countries like China and India. The region offers lucrative opportunities for market players due to its expanding healthcare infrastructure and increasing awareness of bariatric surgery benefits.
◦ Europe and LAMEA (Latin America, Middle East, and Africa): These regions are also experiencing growth in the bariatric surgeries market, driven by rising obesity rates and improving healthcare services.

Key Players in the Bariatric Surgeries Market
The bariatric surgeries market features several prominent companies contributing to its growth through product innovation, strategic partnerships, and market expansion. Notable key players include:
• Asensus Surgical US, Inc.
• B. Braun Melsungen AG
• Cousin Surgery
• Johnson & Johnson
• Olympus Corporation
• Richard Wolf GmbH
• SPATZ FIGA, Inc.
• Teleflex Incorporated
• USGI Medical, Inc.

These companies are actively involved in acquisitions, product launches, and approvals to enhance their market presence. For instance, in September 2022, Teleflex Incorporated completed the acquisition of Standard Bariatrics

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