Bariatric Surgery Devices Market Growth Outlook Highlighted by Persistence Market Research

The bariatric surgery devices market has witnessed a remarkable trajectory of growth over the past few years. Driven primarily by the rising global prevalence of obesity and related health conditions, the market is expected to continue expanding through 2032. This comprehensive article delves into the bariatric surgery devices market, offering insights into its current status, key drivers, restraints, regional trends, and market segmentation, along with a detailed examination of the competitive landscape.

Get a Sample Copy of Research Report (Use Corporate Mail id for Quick Response): https://www.persistencemarketresearch.com/samples/33102

Overview of the Bariatric Surgery Devices Market

The bariatric surgery devices market is projected to grow at a compound annual growth rate (CAGR) of 4.5% between 2022 and 2032. The market size was valued at approximately US$ 2.1 billion in 2022, with expectations to reach US$ 3 billion by 2032. Over the past several years, the market has experienced substantial growth, driven by increasing awareness of obesity-related health risks and advancements in minimally invasive surgical technologies. These factors are expected to continue fueling the market's upward momentum.

Obesity has emerged as a global health epidemic, contributing significantly to chronic diseases such as diabetes, hypertension, and cardiovascular disorders. With the rise in obesity, demand for effective weight-loss procedures has also escalated, positioning bariatric surgery devices as a critical component in the fight against this global health challenge.

Leading the way in this market are innovative bariatric surgery devices, which support minimally invasive surgical procedures designed to treat morbid obesity. As more patients seek surgical weight-loss solutions, the market for these devices is set to experience continued growth. North America, particularly the United States, holds the largest market share, driven by a higher rate of obesity and greater acceptance of bariatric surgery.

Key Highlights from the Report

• The bariatric surgery devices market is expected to grow at a CAGR of 4.5% from 2022 to 2032.
• The market size is forecasted to increase from US$ 2.1 billion in 2022 to US$ 3 billion in 2032.
• Rising obesity rates, both globally and among children, are key drivers of the market.
• The demand for minimally invasive surgeries (MIS) is fueling the market's growth.
• Sleeve gastrectomy is expected to dominate the bariatric surgery devices market.
• North America is predicted to hold the largest market share due to a higher obesity prevalence.

Market Segmentation
By Product Type

The bariatric surgery devices market is segmented into several categories based on the type of device used in bariatric procedures. These include minimally invasive surgical devices, stapling devices, energy/vessel sealing devices, suturing devices, accessories, and non-invasive surgical devices.

Minimally invasive devices are gaining traction due to their ability to reduce the need for large incisions, minimize recovery time, and lower the risk of post-surgical complications. As minimally invasive surgical techniques become more popular, the demand for these devices is expected to grow, especially for procedures like sleeve gastrectomy, which requires smaller incisions. In fact, the minimally invasive surgical devices segment is expected to grow at a CAGR of 3.5% through 2032.

Non-invasive devices, on the other hand, are becoming increasingly popular as patients seek less invasive methods for weight loss surgery. These devices are designed to reduce discomfort, scarring, and post-operative complications, making them a preferable choice for many patients. The increasing prevalence of obesity, coupled with a growing preference for less invasive procedures, is expected to push the demand for non-invasive bariatric surgery devices.

By Procedure

The bariatric surgery devices market is also categorized by procedure type. These include sleeve gastrectomy, gastric bypass, adjustable gastric banding, revision bariatric surgery, mini-gastric bypass, and biliopancreatic diversion with duodenal switch.

Of these, sleeve gastrectomy is expected to dominate the market. This procedure involves removing a portion of the stomach, which leads to reduced food intake and helps patients lose weight. Its popularity has grown significantly due to the FDA's recent approval of incision-free options, which make the procedure less invasive and easier for patients to accept. The sleeve gastrectomy segment is anticipated to grow at a CAGR of 3.7% through 2032, largely due to advancements in the procedure and the increasing adoption of new surgical techniques.

Other procedures like gastric bypass and adjustable gastric banding also hold significant market shares. However, as surgical techniques advance and patient preferences evolve, sleeve gastrectomy is expected to continue its leadership in the bariatric surgery devices market.

Read Detailed Analysis: https://www.persistencemarketresearch.com/market-research/bariatric-surgery-devices-market.asp

Regional Insights
North America

North America is expected to remain the largest market for bariatric surgery devices throughout the forecast period. The United States, in particular, is witnessing an alarming rise in obesity rates. According to the Trust for America's Health (TFAH), the obesity rate in the U.S. was expected to be around 42% by 2020, and this trend shows no sign of abating. This growing obesity rate has led to a corresponding increase in the demand for bariatric surgery, positioning North America as the dominant market in the global bariatric surgery devices sector.

Additionally, the U.S. healthcare infrastructure is highly developed, offering patients better access to surgical procedures. The growing awareness surrounding obesity management, combined with a higher acceptance rate of bariatric surgeries, will continue to fuel the market growth in the region.

Asia Pacific

The Asia Pacific region is expected to grow at a stable pace during the forecast period. With rapidly increasing obesity rates and a rise in comorbidities like diabetes, countries such as China and Japan are likely to experience strong demand for bariatric surgery devices.

In particular, China is projected to grow at a CAGR of 4.2%, while Japan is expected to grow at 4%. Government initiatives to combat obesity, along with a rising middle class, are factors contributing to the growth of the market in this region. Additionally, an increase in the number of bariatric procedures performed in these countries is expected to positively influence the adoption of bariatric surgery devices.

Market Drivers
Rising Obesity Rates

One of the primary drivers of the bariatric surgery devices market is the rising global prevalence of obesity. Obesity is a major risk factor for several chronic diseases, including diabetes, cardiovascular diseases, and hypertension. As the global population becomes more sedentary and diets become increasingly unhealthy, obesity rates are rising, creating a larger pool of patients requiring weight-loss surgery.

Advancements in Surgical Technology

The adoption of minimally invasive surgical techniques is another significant driver of the bariatric surgery devices market. These advanced surgical technologies are designed to make procedures less invasive, reduce recovery times, and minimize complications. As the demand for less invasive surgeries continues to increase, the bariatric surgery devices market is likely to expand, driven by the adoption of new technologies and procedures.

Growing Awareness of Obesity-Related Health Risks

As more people become aware of the health risks associated with obesity, the demand for effective weight-loss solutions is on the rise. Governments and health organizations around the world are actively promoting anti-obesity campaigns, which has helped to increase the acceptance of bariatric surgeries as a viable treatment option for morbid obesity.

Market Restraints
High Costs of Bariatric Surgeries

The primary restraint for the growth of the bariatric surgery devices market is the high cost of bariatric surgeries. These procedures are often expensive, and not all insurance plans cover them. In many regions, the out-of-pocket expenses associated with these surgeries can be a significant barrier to patient access, thereby limiting the growth of the market.

Post-Surgical Complications

Another major restraint in the market is the risk of post-surgical complications. Bariatric surgery is a complex procedure that involves modifying the stomach or intestines. While the benefits of weight loss are significant, there are risks such as gastrointestinal ulcers, internal bleeding, and infections. These complications can deter patients from undergoing surgery, limiting the adoption of bariatric surgery devices.

Market Opportunities
Emerging Markets

Emerging markets, particularly in Asia and Latin America, represent a significant opportunity for growth in the bariatric surgery devices market. With rising obesity rates in these regions and increasing healthcare infrastructure, there is a growing demand for bariatric surgery devices. Companies targeting these regions with affordable solutions and awareness campaigns could capture a substantial market share.

Technological Advancements

Continued technological advancements in surgical devices, including robotic surgery systems and incision-free techniques, present an opportunity for growth in the bariatric surgery devices market. As technology improves, the adoption of bariatric surgery is expected to rise, opening up new avenues for manufacturers of surgical devices.

Request for Customization of the Research Report: https://www.persistencemarketresearch.com/request-customization/33102

Reasons to Buy the Report

• Gain insights into the key market drivers, trends, and challenges affecting the bariatric surgery devices market.
• Understand the market segmentation based on product type, procedure, and region.
• Analyze the competitive landscape, including key players and recent developments in the market.
• Explore the potential opportunities in emerging markets for bariatric surgery devices.
• Get a comprehensive forecast of the market's growth trajectory through 2032.

Frequently Asked Questions (FAQs)

• How Big is the Bariatric Surgery Devices Market?
• Who are the Key Players in the Global Bariatric Surgery Devices Market?
• What is the Projected Growth Rate of the Bariatric Surgery Devices Market?
• What is the Market Forecast for Bariatric Surgery Devices by 2032?
• Which Region is Estimated to Dominate the Bariatric Surgery Devices Industry through the Forecast Period?

Company Insights

Key players in the bariatric surgery devices market include:

• Ethicon
• Medtronic
• Intuitive Surgical
• Apollo Endosurgery
• ReShape Lifesciences
• Aspire Bariatrics
• Mediflex Surgical Products
• Spatz FGIA
• Cousin Biotech

Recent Developments in the Market

Standard Bariatrics, Inc developed the Titan SGSTM, which provides surgeons with the industry's longest continuous staple cutline of 23 centimeters, offering a major advancement in sleeve gastrectomy procedures.

Apollo Endosurgery received FDA 510(k) clearance for its OverStitch Endoscopic Suturing devices, significantly improving its product offering in the bariatric surgery space.

The bariatric surgery devices market is poised for significant growth due to the increasing global prevalence of obesity and advancements in surgical technologies. With strong regional trends, particularly in North America and Asia Pacific, and continued innovation from key players, the market is set to thrive in the coming years.

Read More Related Reports:

Physician Office Diagnostic Testing Market https://www.persistencemarketresearch.com/market-research/physician-office-diagnostic-testing-market.asp
Personalized Lasik Surgery Market https://www.persistencemarketresearch.com/market-research/personalized-lasik-surgery-market.asp
Proton Therapy Systems Market https://www.persistencemarketresearch.com/market-research/proton-therapy-systems-market.asp
Cardiac Pacemaker Market https://www.persistencemarketresearch.com/market-research/cardiac-pacemaker-market.asp
Cell Free Protein Expression Market https://www.persistencemarketresearch.com/market-research/cell-free-protein-expression-market.asp

Contact Us:

Persistence Market Research
G04 Golden Mile House, Clayponds Lane
Brentford, London, TW8 0GU UK
USA Phone: +1 646-878-6329
UK Phone: +44 203-837-5656
Email: sales@persistencemarketresearch.com
Web: https://www.persistencemarketresearch.com

About Persistence Market Research:

At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.

Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.

This release was published on openPR.