Global Bariatric Surgery Devices Market is expected to register a CAGR of 5.90% during the forecast period, with a market value of USD 2,405.20 Million by 2025.
Bariatric surgery involves making changes to the digestive system to help the patient lose weight.
The Bariatric Surgery Devices Market Size is expected to be driven by the increasing prevalence of obesity, rising technological advancements, a growing number of bariatric metabolic surgeries, and the increasing number of regulatory approvals for bariatric surgery devices. However, factors such as rising product recall in the industry and high cost of bariatric surgeries are expected to restrict the market growth during the forecast period. On the other hand, emerging markets with a high prevalence of obesity are expected to offer high growth opportunities in the market.
The global bariatric surgery market size is segmented into type, procedure, and end user. By type, the market has been segmented into minimally invasive surgical devices and non-invasive surgical devices. The minimally invasive surgical devices are further sub-segmented into stapling devices, energy/vessel sealing devices, suturing devices and accessories. Based on procedure, the market has been segmented into sleeve gastrectomy, gastric bypass, revision surgery, adjustable gastric band, and others. On the basis of end user, the market has been segmented into hospitals, specialty centers, ambulatory surgical centers, and others.
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The global bariatric surgery devices market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and the Middle East Africa.
The Americas is expected to hold the largest share of the global bariatric surgery devices market. This is owing to the rising obese and overweight population, increasing sedentary lifestyle, and growing demand for minimally invasive procedures. Also, increasing awareness about procedures related to bariatric surgery devices in the US, prompts market growth.
The European market holds the second-largest position in the global bariatric surgery devices market size. Factors attributing to the growth of the market are the availability of minimally invasive bariatric surgery devices, the increasing launch of bariatric surgery devices and growing innovation in the medical device market is expected to drive the market growth in Europe.
Asia-Pacific is estimated to be the fastest-growing region owing to the rapidly rising per capita disposable income and availability of advanced surgical devices support the market growth. Also, the presence of a large target population in countries such as China and India are expected to boost the market growth. The growing geriatric population in Asian countries is also likely to be one of the major supporting factors during the forecast period.
The bariatric surgery devices market in the Middle East Africa is expected to grow at a significant rate owing to growing advanced treatment facilities in the economies of the UAE and Saudi Arabia in the Middle East which drives market growth.
MRFR recognizes the following companies as the Key Players in the global bariatric surgery devices market— Medtronic (Ireland), Apollo Endosurgery, Inc. (US), Intuitive Surgical Inc. (US), Johnson Johnson Services Inc. (US), ReShape Lifesciences, Inc. (US), Olympus Corporation (Japan), Mediflex Surgical Products (US), TransEnterix Surgical, Inc. (US), Aspire Bariatrics (US), and Spatz FGIA, Inc. (US) among others.
Key Findings of the Study
- The global bariatric surgery devices market was valued at USD 1610.20 million in 2018, is estimated to grow at USD 2,405.20 million by 2025 at a CAGR of 5.9% during the assessment period
- Asia-Pacific accounted for the largest share of the global market due to the increasing demand for bariatric surgery, presence of large number of geriatric population and developing countries enhances the market growth
- Based on procedure, the sleeve gastrectomy segment accounted for the largest market share in 2018
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