Bariatric Surgeries Market Report 2024 (Global Edition)

Global Bariatric Surgeries Market Report 2024 Market Size Split by Device type (Minimally Invasive Surgical Devices, Stapling Devices, Energy/Vessel-sealing Devices, Suturing Devices, Accessories, Non...

Bariatric Surgeries Market Report Description

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Bariatric Surgeries Market Insights Video

Competitive Landscape of the Bariatric Surgeries Market

Major market companies are investing heavily in R&D to expand their product offerings, which will help the Bariatric Surgery market grow even further. Market participants are also pursuing strategic measures to expand their global footprint, including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other companies. To expand and survive in an increasingly competitive and rising market, competitors in the Bariatric Surgery industry must provide cost-effective products.

In September 2022, Teleflex Incorporated announced the completion of its previously announced acquisition of Standard Bariatrics, Inc., which commercialized a revolutionary powered stapling method for bariatric surgery. (Source: https://www.nasdaq.com/press-release/teleflex-completes-acquisition-of-standard-bariatrics-2022-09-28) In September 2022, Olympus Corporation announced the release of VISERA ELITE III, its newest surgical vision platform that meets the needs of healthcare professionals (HCPs) performing endoscopic procedures across several medical specialties. (Source: https://www.marketscreener.com/quote/stock/OLYMPUS-CORPORATION-6491236/news/Olympus-Launches-VISERA-ELITE-III-Surgical-Visualization-Platform-41771139/)

Top Companies Market Share in Bariatric Surgeries Industry: (In no particular order of Rank)

• SPATZ FIGA
• Inc.
• Asensus Surgical US
• Inc.
• Johnson & Johnson
• B Braun Melsungen AG
• USGI Medical
• Inc
• Richard Wolf GmbH
• Olympus Corporation
• Medtronic plc
• Cousin Surgery
• Teleflex Incorporated
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Bariatric Surgeries Market

Which Region Dominates the Bariatric Surgeries Market in 2024?

According to Cognitive Market Research, North America has emerged as the largest worldwide Bariatric Surgeries market, owing to an increasing number of obese people, as well as increased investments and government financing in R&D.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Bariatric Surgeries market due to rapidly expanding strategic initiatives by private sector participants in the region.

The current report Scope analyzes Bariatric Surgeries Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Bariatric Surgeries Market

According to Cognitive Market Research, the global Bariatric Surgeries market size was estimated at USD 2651.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 1060.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Bariatric Surgeries market with a market size of USD 836.81 million in 2024 and is projected to grow at a CAGR of 8.6% during the forecast period. The US’s rising obesity rates
• The Canada Bariatric Surgeries market had a market share of USD 127.27 million in 2024 and is projected to grow at a CAGR of 9.6% during the forecast period. Canada's Bariatric Surgeries market is experiencing growth due to increased awareness of the health risks associated with obesity.
• The Mexico Bariatric Surgeries market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD 96.51 million in 2024.

Europe Bariatric Surgeries Market

According to Cognitive Market Research, the global Bariatric Surgeries market size was estimated at USD 2651.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 7910.05 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.1% from 2024 to 2031.

• The United Kingdom Bariatric Surgeries market had a market share of USD 133.64 million in 2024 and is projected to grow at a CAGR of 9.9% during the forecast period. In the UK, Bariatric Surgeries sales witness an upswing due to the increasing prevalence of obesity.
• The France Bariatric Surgeries market is projected to witness growth at a CAGR of 8.3% during the forecast period, with a market size of USD 73.18 million in 2024.
• According to Cognitive Market Research, the German Bariatric Surgeries market size was valued at USD 157.50 million in 2024 and is projected to grow at a CAGR of 9.3% during the forecast period. In Germany, Bariatric Surgeries surged due to advancements in technology.
• The Italy Bariatric Surgeries market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 68.41 million in 2024.
• The Russia Bariatric Surgeries market is projected to witness growth at a CAGR of 8.1% during the forecast period, with a market size of USD 123.29 million in 2024.
• The Spain Bariatric Surgeries market is projected to witness growth at a CAGR of 8.2% during the forecast period with a market size of USD 65.23 million in 2024
• The Luxembourg Bariatric Surgeries market is projected to witness growth at a CAGR of 9.2% during the forecast period, with a market size of USD 24.66 million in 2024.
• The Portugal Bariatric Surgeries market is projected to witness growth at a CAGR of 8.9% during the forecast period, with a market size of USD 16.70 million in 2024.
• The Greece Bariatric Surgeries market is projected to witness growth at a CAGR of 9.4% during the forecast period, with a market size of USD 9.55 million in 2024.
• Rest of Europe's Bariatric Surgeries market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 123.29 million in 2024.

Asia Pacific Bariatric Surgeries Market

According to Cognitive Market Research, the global Bariatric Surgeries market size was estimated at USD 2651.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 609.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.6% from 2024 to 2031.

• According to Cognitive Market Research, the China Bariatric Surgeries market size was valued at USD 274.43 million in 2024 and is projected to grow at a CAGR of 12.1% during the forecast period. The Chinese government and healthcare providers have started to recognize the importance of bariatric surgery as an effective treatment for severe obesity.
• The Japan Bariatric Surgeries market is projected to witness growth at a CAGR of 11.1% during the forecast period, with a market size of USD 84.16 million in 2024.
• The India Bariatric Surgeries market had a market share of USD 73.18 million in 2024 and is projected to grow at a CAGR of 14.4% during the forecast period. India's increasing prevalence of lifestyle-related diseases.
• The South Korean Bariatric Surgeries market is projected to witness growth at a CAGR of 11.7% during the forecast period, with a market size of USD 60.98 million in 2024.
• The Australian Bariatric Surgeries market is projected to witness growth at a CAGR of 12.3% during the forecast period, with a market size of USD 31.71 million in 2024.
• The South East Asia Bariatric Surgeries market is projected to witness growth at a CAGR of 13.6% during the forecast period, with a market size of USD 42.08 million in 2024.
• The Rest of Asia Pacific Bariatric Surgeries market is projected to witness growth at a CAGR of 12.4% during the forecast period, with a market size of USD 43.30 million in 2024.

South America Bariatric Surgeries Market

According to Cognitive Market Research, the global Bariatric Surgeries market size was estimated at USD 2651.5 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 132.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil Bariatric Surgeries market size was valued at USD 56.74 million in 2024 and is projected to grow at a CAGR of 10.6% during the forecast period. Bariatric Surgeries flourished in Brazil due to growing awareness of the health risks.
• Argentina's Bariatric Surgeries market had a market share of USD 22.27 million in 2024 and is projected to grow at a CAGR of 10.9% during the forecast period. Argentina's rising prevalence of obesity.
• Colombia's Bariatric Surgeries market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a market size of USD 11.80 million in 2024.
• Peru's Bariatric Surgeries market is projected to witness growth at a CAGR of 10.2% during the forecast period, with a market size of USD 10.87 million in 2024.
• Chile's Bariatric Surgeries market is projected to witness growth at a CAGR of 10.3% during the forecast period, with a market size of USD 9.55 million in 2024.
• The Rest of Latin America's Bariatric Surgeries market is projected to witness growth at a CAGR of 9.1% during the forecast period, with a market size of USD 21.34 million in 2024.

Middle East and Africa Bariatric Surgeries Market

According to Cognitive Market Research, the global Bariatric Surgeries market size was estimated at USD 2651.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 53.03 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.3% from 2024 to 2031..

• The GCC Countries Bariatric Surgeries market is projected to witness growth at a CAGR of 11.1% during the forecast period, with a market size of USD 22.70 million in 2024. Bariatric Surgery sales flourish due to economic opportunities.
• The Egypt Bariatric Surgeries market is projected to witness growth at a CAGR of 10.6% during the forecast period, with a market size of USD 5.57 million in 2024.
• The South African Bariatric Surgeries market is projected to witness growth at a CAGR of 11.3% during the forecast period, with a market size of USD 8.38 million in 2024. Bariatric Surgeries sales flourish in South Africa due to access to financial services.
• The Turkey Bariatric Surgeries market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a market size of USD 4.56 million in 2024.
• The Nigeria Bariatric Surgeries market is projected to witness growth at a CAGR of 9.4% during the forecast period, with a market size of USD 5.57 million in 2024.
• The Rest of the MEA Bariatric Surgeries market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD 6.26 million in 2024.

Bariatric Surgeries Market Analysis

Bariatric Surgeries Market Device Type Segment Analysis

According to Cognitive Market Research, Non-invasive Surgical Devices have come to be the largest segment in the Bariatric Surgeries Market, with effective weight management at considerably lower risk than traditional methods. Devices like gastric balloons or endoscopy treatments are less invasive, shortening the time for recovery and diminishing the incidence of complications. This appeal is heightened more with the portending rise in obesity and related health issues—more reasons for patients to seek safer alternatives.

The minimally invasive surgical devices segment is expected to grow at the fastest rate during the projected period. The rise is linked to rising obesity rates around the world, the requirement for minimal pain and suffering, and the need for fewer scars and incisions, all of which are driving market segmentation growth.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Bariatric Surgeries Industry. Request a Free Sample PDF!

Bariatric Surgeries Market Procedure Segment Analysis

According to Cognitive Market Research, Gastric bypass surgery is the biggest segment in the Bariatric Surgery market by procedure. This operation is particularly effective at shrinking the stomach and limiting the amount of food that can be consumed, resulting in dramatic weight loss.

Sleeve gastrectomy is the fastest-growing segment in the Bariatric Surgery market by procedure. Sleeve gastrectomy has grown in popularity because it is less intrusive than other types of bariatric surgery and is effective at delivering considerable weight loss outcomes.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Bariatric Surgeries End-user Segment Analysis

Bariatric Surgeries Market End-user Segment Analysis

According to Cognitive Market Research, the hospitals segment accounted for the largest share in 2023 due to well-equipped diagnostic rooms, the availability of highly qualified healthcare practitioners, and increased health coverage for hospital-based healthcare services from several private and group insurance programs.

Others represent the fastest-growing segment of the bariatric surgeries market because new treatments and technologies are being innovated that do not correspond to more traditional procedures. This includes new, less invasive techniques such as lifestyle modification programs or digital health solutions supporting weight management. Growing awareness about obesity-related health risks is putting patients at the forefront of coming forward to seek help beyond the realm of conventional surgeries; thus, demand for such alternate methods has surged.

• Hospitals
• Others

Author's Detail

Manjiri Kanhere

Senior Research Associate at Cognitive Market Research

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Manjiri Kanhere is an experienced market researcher focused on the Pharma & Healthcare industry. With over 3+ years of experience, She has worked with major pharmaceutical companies and healthcare providers, helping them to understand market trends, identify new business opportunities, and develop effective sales & marketing strategies. Her expertise lies in the ability to analyze complex data sets and deliver insights that drive business decisions. At Cognitive Market Research, she handles the market research related to Pharma and healthcare industry.

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