Global Bariatric Surgery Devices
Market Report
2024
Delivery Includes:- Market Timeline 2019 till 2031, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The Global Bariatric Surgery Devices market was valued at USD 1.8 Billion in 2022 and will reach USD 2.7 billion by 2030, registering a CAGR of 5.5% for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Bariatric Surgery Devices Market Sales Revenue 2022 | $ 1.8 Billion |
Global Bariatric Surgery Devices Market Sales Revenue 2030 | $ 2.7 Billion |
Global Bariatric Surgery Devices Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.5% |
Market Split by Type |
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Market Split by Procedure |
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Market Split by End Users |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Bariatric Surgery Devices Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Bariatric surgery also known as metabolic or weight-loss surgery makes surgical changes to your stomach and/or digestive system. These changes limit how much food you can eat and how many nutrients you absorb, which help in weight loss. By making these changes, bariatric surgery may also reset your body’s “set point,” or weight regulation system, by affecting hormonal signals, resulting in decreased appetite, increased feelings of fullness, increased metabolism, and healthier food preferences.
Bariatric surgery has four main types: gastric bypass, sleeve gastrectomy, gastric band, and duodenal switch. Most bariatric surgeries today are performed using minimally invasive procedures; called laparoscopic surgery. This Laparoscopic surgery is done with video cameras and thin instruments inserted through small incisions in the abdomen. Increasing cases of obesity worldwide, Advancement in technology, wealthy nation’s regional governments expending funds and insurance coverage, and support for bariatric surgery/ weight loss surgery are the key driving factors of the Bariatric Surgery Devices market growth.
Obesity and overweight are both characterized as abnormal or excessive fat accumulations that pose a health risk. Obesity and overweight are substantial risk factors for a variety of chronic diseases, including cardiovascular disorders like heart disease and stroke, which are the leading causes of mortality worldwide. Obesity can also lead to diabetes and its complications, such as blindness, limb amputations, and the need for dialysis. Excess weight can lead to musculoskeletal problems such as osteoarthritis. Obesity has also been linked to endometrial, breast, ovarian, prostate, liver, gallbladder, kidney, and colon cancers. Bariatric surgery has grown in popularity and demand for weight loss due to its advantages such as safety and efficiency over other medical treatments and procedures. A minimally invasive method is provided by bariatric surgery. which is highly demanded by patients. All these factors can drive the market growth.
Nowadays, bariatric surgery is very important in wealthier countries. Morbid obesity is becoming more common, particularly among young adults aged 30 to 40. The cost of bariatric surgery is one of the most significant hurdles. Obesity, particularly morbid obesity, is more prevalent in people from lower socioeconomic backgrounds; hence governments are focusing on providing insurance and funding for bariatric surgery. This promotes the expansion of the bariatric surgery/weight reduction surgery market.
The number of problems arising in the approval for the use of bariatric surgery is one of the main restraints in the market, which hampers the market. Governments are working on the regulatory framework which distinguishes between pharmaceutical products and medical devices, the approval process is unstable and therefore increases the approval time which delays the results.
Complications are mainly limited to circumstances in which surgery has resulted in an identified disease process, such as abdominal infection, intestinal obstruction, hemorrhage, or starvation. Furthermore, there are other side effects of surgery that are not actual difficulties but result in a disappointed patient, such as weight rebound after initial success, the presence of large floppy folds of skin, or persistent GI symptoms of nausea and vomiting.
Bariatric surgery devices device surgery requires a professional surgery specialist. In rural regions, there is a shortage of healthcare professionals. Professional surgical specialists are important key components who use minimally invasive procedures like Bariatric surgery devices. Which hampers the Bariatric surgery devices market growth.
Technological advancement is a key trend, which increases the awareness and popularity of bariatric surgery devices. All the market players are focusing on the technological advancement in bariatric surgery devices to improve the outcomes for reducing the risk during surgery and to meet the demand for this surgery. They focus on developing the minimally invasive procedure to strengthen their position in the market. Robotics bariatric surgery is the latest technological advancement in the bariatric surgery procedure; the robot consists of a cluster of arms and a camera. The arms can hold and manipulate tools with extreme accuracy.
The launch of new products and the increasing interest of competitors in this industry is expected to boost the growth of the bariatric surgery market. For instance, in June 2022 Ethicon, part of Johnson & Johnson introduced the Echelon 3000, a next-generation stapler designed for exceptional access and control. The new digitally enabled stapler was designed to provide surgeons with simple and one-handed motorized articulation.
COVID-19 has harmed the bariatric surgery devices market. COVID-19 affected the workflow and supply chain in the healthcare sector globally. During the pandemic, healthcare professionals focus on treating covid patients and postpone other elective procedures. All gastric-related surgeries and bariatric surgery is mostly postponed. During the pandemic time, people are influenced by lockdowns, limited movements, and working from home which increases a sedentary lifestyle and leads to a more obese population. These patients are put on hold due to the lack of availability of healthcare professionals and high demand for the treatment of COVID patients. Owing to the spread of COVID virus, governments restrict the supply chain of goods and people therefore the sale of bariatric surgery devices is decreasing.
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Ethicon launched the next-generation stapler Echelon 3000
Ethicon, part of Johnson & Johnson, introduced the Echelon 3000 in the United States, a next-generation stapler designed for exceptional access and control. The new digitally enabled stapler was designed to provide surgeons with simple and one-handed motorized articulation. Furthermore, the novel method aids in treating the fundamental causes of various surgical difficulties, allowing for successful navigation of each patient's anatomy in varying needs.
Spatz Medical Announced FDA Approval of Spatz3 Gastric Balloon, the First Adjustable Gastric Balloon
Spatz launched a new product that got approval from the FDA named Spatz3 Adjustable Balloon. This device ensures the best obesity treatment and shows better weight loss results without losing any deficiencies in micronutrients from the human body.
Standard Bariatrics, Inc. created Titan SGS, a transformational stapling device for sleeve gastrectomy.
Standard Bariatrics, Inc., based in Cincinnati, has created the Titan SGS; The Titan SGS was supported by a multi-site IDE study in longitudinal gastric resection. a first-of-its-kind device that provides the industry's longest continuous staple cutline of 23 centimeters to surgeons doing sleeve gastrectomy, the most popular bariatric surgery for obesity.
Ethicon Launched Novel, Easy-to-use Staple Line Reinforcement Device for Bariatric, Thoracic, and General Surgery
Ethicon, Inc. launched its first buttress solution, ECHELON ENDOPATH Staple Line Reinforcement (SLR), designed to further strengthen staple lines and reduce potential complications during bariatric, thoracic, and general surgical procedures. ECHELON ENDOPATH™ Staple Line Reinforcement (SLR) offers Significant Improvements over Existing Buttressing Solutions
Top Companies Market Share in Bariatric Surgery Devices Industry: (In no particular order of Rank)
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North America accounted for the greatest revenue share in the bariatric surgery market due to the increasing number of firms investing in the development of bariatric surgery equipment in this region. North America has the most obese people. Furthermore, the rising prevalence of chronic diseases, diabetes, and obesity because of diet and lifestyle, rising healthcare costs, government funding support, and research activities for innovation in bariatric surgery devices increase the demand and popularity of bariatric surgeries, fueling the market growth. The biomedical companies of North America focus on the development of bariatric surgery such as Ethicon is part of Johnson & Johnson’s launch of three new endo cutters and energy products to assist in bariatric surgery procedures.
Due to the increasing frequency of gastrointestinal illnesses, Europe accounted for a growing revenue share market in bariatric surgery instruments. According to a WHO assessment of European regional obesity, obesity is becoming a growing problem, with one in every three school-aged children, one in every four teenagers, and nearly 60% of the adult population currently being overweight or obese. A high BMI is a key risk factor for no communicable diseases such as cancer and cardiovascular disease.
The Western Pacific Region is part of the Asian Pacific region that is heavily impacted by obesity and non communicable diseases (NCDs). The prevalence of overweight or obesity varies substantially among the Region's countries and areas. Malnutrition is a double burden in many countries. where increasing rates of overweight and obesity are coupled with high rates of undernutrition, including stunting.
The current report Scope analyzes Bariatric Surgery Devices 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
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Global Bariatric Surgery Devices Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Bariatric Surgery Devices Industry growth. Bariatric Surgery Devices market has been segmented with the help of its Type, Procedure End Users, and others. Bariatric Surgery Devices market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
By type, the Minimally Invasive Surgical Devices Systems segment accounted for the largest revenue share of the global Bariatric/ weight loss Surgery Devices market:
Minimally invasive procedures (also known as minimally invasive surgeries) encompass surgical techniques that limit the size of incisions needed, thereby reducing wound healing time, associated pain, and risk of infection. Surgery by definition is invasive and many operations requiring incisions of some size are referred to as open surgery. Incisions made during open surgery can sometimes leave large wounds that may be painful and take a long time to heal. Advancements in medical technologies have enabled the development and regular use of minimally invasive procedures. Minimally invasive procedures do not involve incisions, puncturing the skin, or the introduction of foreign objects or materials into the body. Minimally invasive bariatric surgeries alter the gastrointestinal tract, which limits food intake by the stomach and nutrition intake by the intestines. All these factors lead to increases in the demand and growth of the bariatric surgery market.
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By procedure, the Sleeve Gastrectomy segment dominated the worldwide bariatric/ weight loss surgery devices market:
Sleeve gastrectomy has a significant market revenue share. Sleeve gastrectomy, also known as vertical sleeve gastrectomy, is a surgical weight-loss surgery that is often done laparoscopically. Laparoscopy is a medical procedure that allows a surgeon to see within the abdomen and pelvis without making significant incisions in the skin. This is sometimes referred to as keyhole surgery or minimally invasive surgery. Approximately 75-85% of the stomach is removed with more curvature after a sleeve gastrectomy. Weight loss is achieved not just by shrinking the organ, but also by removing the section of it that produces ghrelin, the hormone that promotes appetite. People can lose up to 50-70 % of excess weight within two years of course followed by surgery. Sleeve gastrectomy gives the benefits like safety, effectiveness, price, and fewer problems. Therefore, the demand for sleeve gastrectomy increases which fuels the market.
Roux-en-Y gastric bypass is another thriving niche in bariatric surgery because patients who underwent Roux-en-Y gastric bypass had more excellent remission rates and reduced rates of hypertension, diabetes, and hyperlipidemia. A Roux-en-Y gastric bypass is a procedure used to treat morbid obesity by dividing the stomach into proximal and distal pouches (50mL), with an anastomosis to the jejunum to drain the proximal bag. Over 95% of the stomach, duodenum, and jejunum are then bypassed. After one year, many Roux-en-Y gastric bypass patients have lost more than 25% of their body weight.
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By end user, the hospital segment captures the largest revenue share in the market:
The Bariatric surgery process is used widely in hospitals because of the rising cases of obesity and increasing demand for surgeries. In hospitals, highly qualified healthcare personnel are present to monitor the health condition of patients, together with the availability of various bariatric surgery devices and medical technology is fueling the expansion of this market. Hospitals also serve a larger patient base and can handle complicated treatments, all of which is contributing to the Bariatric surgery industry's expansion in this market category.
Ambulatory surgery centers (ASC) expect to have quick revenue growth in the market. Ambulatory surgery centers are more convenient and affordable than hospitals. To decrease hospital stays and due to lower healthcare expenditure, people select Ambulatory surgery centers over then hospitals. Bariatric surgery device technology, well-equipped operating rooms, and the accessibility of qualified healthcare workers in ambulatory surgical centers contribute to the growth of the Bariatric surgery market.
Senior Research Associate at Cognitive Market Research
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.
Manjiri Kanhere is an experienced market researcher focused on the Pharma & Healthcare industry. With over three 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.
In her current role, Manjiri handles the market research related to Pharma and healthcare industry. Her passion lies in utilizing innovative approaches to distill complex information into strategic insights that empower organizations to make informed decisions.Manjiri remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Bariatric Surgery Devices Market is witnessing significant growth in the near future.
In 2023, the Minimally Invasive Surgical Devices segment accounted for noticeable share of global Bariatric Surgery Devices Market and is projected to experience significant growth in the near future.
The Sleeve Gastrectomy segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Johnson & Johnson (US) , Intuitive Surgical and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Minimally Invasive Surgical Devices, Non-Invasive Surgical Devices |
Procedure | Sleeve Gastrectomy, Gastric Bypass, Revision Bariatric Surgery, Non-Invasive Bariatric Surgery, Adjustable Gastric Banding, Mini-Gastric Bypass, Biliopancreatic Diversion with Duodenal Switch |
End Users | Bariatric Surgery Clinics, Hospitals, Specialty Centers, Ambulatory Surgical Centers |
List of Competitors | Johnson & Johnson (US), Medtronic plc (Ireland), Intuitive Surgical, Inc. (US), Apollo Endosurgery, Inc. (US), SPATZ FIGA Inc., Covidien plc., GI Dynamic Inc., TransEntrix Inc., Mediflex Surgical product and Olympus Corporation (Japan) |
This chapter will help you gain GLOBAL Market Analysis of Bariatric Surgery Devices. Further deep in this chapter, you will be able to review Global Bariatric Surgery Devices Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Procedure Analysis 2019 -2031
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Chapter 12 Market Split by End Users Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Bariatric Surgery Devices market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Minimally Invasive Surgical Devices have a significant impact on Bariatric Surgery Devices market? |
What are the key factors affecting the Minimally Invasive Surgical Devices and Non-Invasive Surgical Devices of Bariatric Surgery Devices Market? |
What is the CAGR/Growth Rate of Sleeve Gastrectomy during the forecast period? |
By type, which segment accounted for largest share of the global Bariatric Surgery Devices Market? |
Which region is expected to dominate the global Bariatric Surgery Devices Market within the forecast period? |
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