The Bariatric Surgery Devices Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Bariatric Surgery Devices Global Market Report 2024, The bariatric surgery devices market size has grown strongly in recent years. It will grow from $1.91 billion in 2023 to $2.09 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to healthcare infrastructure development, awareness and education, medical tourism, insurance coverage, government initiatives, patient outcomes and success stories.
The bariatric surgery devices market size is expected to see strong growth in the next few years. It will grow to $2.98 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to aging population, regulatory support, patient empowerment, preventive healthcare measures, minimally invasive procedures, globalization of bariatric surgery. Major trends in the forecast period include technological advancements, personalized medicine in bariatrics, integration of artificial intelligence, collaborations and partnerships, digital health solutions.
The growing obese population is significantly contributing to the growth of the bariatric surgery devices market. Obesity refers to the abnormal or excessive accumulation of fat, which might impair the health of individuals. In recent years, obesity has become a public health challenge across the globe, with a substantial contribution to global mortality and morbidity. The growing utilization of surgical procedures by the obese population across the globe to mitigate fat deposits is expected to boost demand for bariatric surgery devices. For instance, according to the World Health Organization (WHO), over 1 billion people globally are obese currently (2022), out of which 650 million account for adults, 340 million are adolescents and 39 million are children. Therefore, an increase in the obese population will contribute to the growth of the bariatric surgery devices market.
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The bariatric surgery devices market covered in this report is segmented –
1) By Type: Minimally Invasive Surgical Devices, Stapling Devices, Energy/Vessel Sealing Devices, Suturing Devices, Accessories, Non-invasive Surgical Devices
2) By Procedure: Sleeve Gastrectomy, Gastric Bypass, Revision Bariatric Surgery, Non-invasive Bariatric Surgery, Adjustable Gastric Banding, Mini-gastric Bypass, Biliopancreatic Diversion with Duodenal Switch
3) By End User : Clinics, Hospitals, Specialty Centers, Ambulatory Surgical Centers
Major companies in the bariatric surgery devices market are focused on developing innovative products, such as GST Reloads, to enhance staple line security and gain a competitive edge in the market. GST Reloads refer to Gripping Surface Technology used for enhancing uniform tissue compression for improved staple formation. For instance, in March 2021, Ethicon, a US-based manufacturer of surgical suture devices, launched the ECHELON+ Stapler with GST Reloads, designed to enhance staple line security and reduce complications in surgery, especially for bariatric procedures. It outperformed competitors in benchtop testing. Ethicon aims to address surgeon concerns, improve patient outcomes, and adhere to regulatory guidelines, contributing to its commitment to evidence-based innovation.
The bariatric surgery devices market report table of contents includes:
1. Executive Summary
2. Bariatric Surgery Devices Market Characteristics
3.Bariatric Surgery Devices Market Trends And Strategies
4. Bariatric Surgery Devices Market analysis
5.Bariatric Surgery Devices Market Size And Growth
6.Bariatric Surgery Devices Segmentation
7. Bariatric Surgery Devices Regional And Country Analysis
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27.Bariatric Surgery Devices Competitive Landscape And Company Profiles
28.Bariatric Surgery Devices Key Mergers And Acquisitions
29.Bariatric Surgery Devices Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Medtronic PLC
- Covidien LLC
- B. Braun Melsungen AG
- Olympus Corporation
- Intuitive Surgical Inc.,
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