Press release
Global Bariatric Surgery Devices Market Set to Hit $2.92 Billion by 2030 | Leading Companies: Medtronic plc, Johnson & Johnson & Olympus Corporation
The bariatric surgery market was projected to be worth USD 1.84 billion in 2021. At a CAGR of 5.4% from 2022 to 2030, the market is expected to grow from USD 1.92 billion in 2022 to USD 2.92 billion by 2030.
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A few of the reasons for the growth of this market are:
• The increasing need for bariatric surgery devices is anticipated to be fueled by the rising rates of obesity and the swift increase in childhood obesity prevalence.
• The expansion and demand for the bariatric surgery devices market are driven by the rising necessity for minimally invasive surgeries globally.
• The presence of medical specialists, including both seasoned and emerging surgeons performing bariatric surgeries, focusing on refining their surgical expertise is anticipated to influence market growth positively.
• The rapid change in lifestyle choices, high-calorie intake, and significant healthcare expenses are expected to enhance the market growth.
What Are Bariatric Surgery Devices?
Bariatric surgery devices are medical implants or tools used during weight-loss surgery procedures, primarily designed to reduce the size of the stomach or alter the digestive tract. They are generally used in order to limit amount of food a person can eat and impact how many calories they absorb, ultimately helping in significant weight loss. Common examples include adjustable gastric bands, gastric bypass staples, and intragastric balloons, which are often placed laparoscopically with help of surgical instrument and visualization tools like laparoscopes. These devices work by creating a smaller stomach pouch, bypassing a portion of the stomach, or slowing down the passage of food through the digestive system, leading to a feeling of fullness with smaller food portions.
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Key Players in Market
Major players operating in the industry includes
A.M.I GmbH
Apollo Endo-Surgery, Inc.
Applied Medical Resources Corporation
Aspire Bariatrics, Inc.
B. Braun Melsungen AG
BOWA-electronic GmbH & Co. KG
Cook Medical LLC
Cousin Biotech
Grena Ltd
Regional Analysis
North America is the leading region for bariatric surgery devices market. It is anticipated to maintain its leading position throughout the projection period due to the rising incidence of obesity and diabetes, the spread of chronic illnesses, and lifestyle modifications accompanied by unhealthy eating practices.
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
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Segmental Overview
• The market for bariatric surgery devices is segmented based on device type, procedure, and region.
• The minimally invasive surgical devices segment, based on device type, accounted for the largest revenue share in 2021 because they are less painful and require fewer incisions on the human body.
• Based on procedure, sleeve gastrectomy segment is projected to witness the significant growth over the forecast period owing to increasing need for effective, safe, and cost-effective surgical procedures.
Bariatric Surgery Devices, Device Type Outlook (Revenue - USD Billion, 2018 - 2030)
Minimally Invasive Surgical Devices
Stapling Devices
Energy/Vessel-sealing Devices
Suturing Devices
Accessories
Non-invasive Surgical Devices
Bariatric Surgery Devices, Procedure Outlook (Revenue - USD Billion, 2018 - 2030)
Sleeve Gastrectomy
Gastric Bypass
Revision Bariatric Surgery
Non-invasive Bariatric Surgery
Adjustable Gastric Banding
Mini-gastric Bypass
Biliopancreatic Diversion with Duodenal Switch (BPD/DS)
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