Global Bariatric Surgery Market Size By Procedure (Gastric Bypass Surgery, Sleeve Gastrectomy, Adjustable Gastric Banding, Biliopancreatic Diversion With Duodenal Switch), By Device (Stapling Devices, Gastric Bands, Gastric Balloons), By Application (Obesity Management, Type 2 Diabetes Mellitus Cont

Bariatric Surgery Market Size And Forecast

Bariatric Surgery Market size is estimated at USD 1.87 Billion in 2023 and is projected to reach USD 3.50 Billion by 2031, growing at a CAGR of 7.2% from 2024 to 2031.

The Bariatric Surgery Market encompasses surgical procedures aimed at promoting weight loss in individuals with obesity. These procedures involve alterations to the digestive system to limit food intake and/or absorption, thereby aiding in substantial and sustained weight reduction. The market includes various surgical techniques such as gastric bypass, sleeve gastrectomy, gastric banding, and biliopancreatic diversion. Bariatric surgery is typically recommended for individuals with a body mass index (BMI) exceeding 40, or those with a BMI between 35 and 40 who have obesity-related comorbidities.

Global Bariatric Surgery Market Dynamics

The key market dynamics that are shaping the Bariatric Surgery Market include

Key Market Drivers

• Rising Global Obesity Rates The worldwide prevalence of obesity is significantly driven by the Bariatric Surgery Market. According to the World Health Organization (WHO), in 2016, over 1.9 billion adults aged 18 years and older were overweight, with over 650 million classified as obese. As obesity rates continue to climb, the pool of potential candidates for bariatric surgery is likely to grow as well.
• Increasing Insurance Coverage Growing awareness of the health benefits associated with bariatric surgery, coupled with rising healthcare costs associated with obesity-related complications, is prompting some insurance companies to offer coverage for weight loss surgery. This increased financial accessibility allows more patients to consider bariatric surgery as a viable option.
• Shifting Public PerceptionThe stigma surrounding bariatric surgery is gradually decreasing. There’s a growing recognition of it as a legitimate medical treatment for severe obesity and its associated health problems. This shift in public perception is likely to encourage more people to explore bariatric surgery as a potential solution.

Key Challenges

• High Cost and Insurance CoverageBariatric surgeries can be expensive, ranging from tens to hundreds of thousands of dollars. This cost can be a significant barrier for many patients, even with insurance. Furthermore, insurance coverage for bariatric surgery can vary widely, with some plans requiring strict criteria or imposing limitations on covered procedures. This limited coverage can make these procedures even less accessible for some patients.
• Lack of Qualified Medical ProfessionalsThe growing demand for bariatric surgery is outpacing the availability of qualified surgeons and support staff experienced in performing these complex procedures. This shortage can lead to longer wait times for surgery and potentially limit access to care in certain regions.
• Misconceptions and Post-surgical Concerns There are still several misconceptions surrounding bariatric surgery, including concerns about safety, long-term effectiveness, and potential complications. These misconceptions can deter some patients from considering surgery as a viable option. Additionally, even after surgery, patients need to commit to significant lifestyle changes, including dietary modifications and exercise, to ensure long-term success. The challenges of maintaining these changes can also be a hurdle for some patients.

Key Trends

• Technological Advancements and Minimally Invasive TechniquesAdvancements in surgical technology are enabling the development of less invasive laparoscopic procedures. These minimally invasive approaches offer patients faster recovery times, reduced pain, and improved cosmetic outcomes, leading to a greater preference for bariatric surgery.
• Focus on Metabolic Improvements and Long-Term Care The focus is shifting beyond just weight loss to achieving metabolic improvements and better overall health outcomes for patients. Bariatric procedures are increasingly seen as tools for managing obesity-related conditions like type 2 diabetes and sleep apnea. There’s a growing emphasis on long-term patient support and follow-up care to ensure sustained weight loss and improved health.
• Development of Personalized Surgical ApproachesThe trend is moving towards personalized bariatric surgery plans tailored to individual patient needs and anatomy. This may involve adapting surgical techniques or recommending specific procedures based on factors like BMI, medical history, and weight loss goals.

Global Bariatric Surgery Market Regional Analysis

Here is a more detailed regional analysis of the Bariatric Surgery Market

North America

• North America possesses a disproportionately high prevalence of severe obesity, resulting in a substantial patient base for bariatric surgery.
• The region benefits from well-equipped hospitals and surgeons experienced in performing complex bariatric procedures.
• Favorable insurance coverage for bariatric surgery is provided by many insurance companies in North America, enhancing patient affordability.
• North America is dominated by several leading manufacturers of bariatric surgery devices and equipment, further solidifying its position as the dominating region in the market.

Europe

• Europe is experiencing a rising obesity problem, with more people reaching the BMI threshold for consideration of bariatric surgery.
• As healthcare spending in Europe increases, insurance coverage for bariatric surgery is being expanded in some countries, making it more accessible to patients.
• In Europe, the adoption of minimally invasive surgical techniques is leading to faster recovery times and better patient outcomes, attracting more potential patients.

Global Bariatric Surgery MarketSegmentation Analysis

The Global Bariatric Surgery Market is Segmented on the basis of Procedure, Device, Application, End-Users, and Geography.

Bariatric Surgery Market, By Procedure

• Gastric Bypass Surgery
• Sleeve Gastrectomy
• Adjustable Gastric Banding
• Biliopancreatic Diversion with Duodenal Switch

Based on Procedures, The market is segmented into Gastric Bypass Surgery, Sleeve Gastrectomy, Adjustable Gastric Banding, and Biliopancreatic Diversion with Duodenal Switch. Sleeve Gastrectomy holds the highest market share, driven by its effectiveness in promoting weight loss and improving metabolic health with fewer complications compared to other procedures. It is increasingly preferred by both patients and surgeons due to its relative simplicity and versatility.

Bariatric Surgery Market, By Devices

• Stapling Devices
• Gastric Bands
• Gastric Balloons
• Others

Based on Devices, The market is segmented into Stapling Devices, Gastric Bands, Gastric Balloons, and Others. The highest market share is held by stapling devices, driven by their widespread use in various bariatric surgical procedures for creating gastric pouches and suturing tissue. They are favored for their reliability and effectiveness in achieving desired surgical outcomes.

Bariatric Surgery Market, By Application

• Obesity Management
• Type 2 Diabetes Mellitus Control
• Cardiovascular Disease Management

Based on Application, The market is segmented into Obesity Management, Type 2 Diabetes Mellitus Control, and Cardiovascular Disease Management. The highest market share is held by obesity management, driven by the increasing prevalence of obesity and the growing demand for bariatric surgery as a primary intervention for weight loss and health improvement. It is favored by healthcare providers due to its potential to address a wide range of obesity-related health issues.

Bariatric Surgery Market, By End-Users

• Hospitals
• Ambulatory Surgical Centers
• Specialty Clinics
• Others

Based on End-Users, The market is segmented into Hospitals, Ambulatory Surgical Centers, Specialty Clinics, and Others. The highest market share is held by hospitals in the Bariatric Surgery Market. Hospitals are typically chosen as the primary facilities for bariatric surgeries due to their comprehensive infrastructure and ability to handle complex surgical procedures, making them the preferred choice for patients seeking such interventions.

Key Players

The “Global Bariatric Surgery Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Medtronic PLC, Ethicon US, LLC., Apollo Endosurgery Inc., Intuitive Surgical Inc., B. Braun Melsungen AG, Allergan Inc., Cousin Biotech, Cook Medical, and Olympus.

Our market analysis includes a section specifically devoted to such major players, where our analysts give an overview of each player’s financial statements, product benchmarking, and SWOT analysis. The competitive landscape section also includes key development strategies, market share analysis, and market positioning analysis of the players above globally.

Bariatric Surgery Market Recent Developments

• In September 2022, the swallowable gastric balloon capsule for weight loss was launched in India by Allurion. It is the only medical weight-loss device fully approved by the Central Drugs Standard Control Organization.
• In August 2022, Standard Bariatrics, one of the significant players in the bariatric surgery devices market, was signed up to be purchased by Teleflex for USD 170 Million in cash upfront, with the potential for up to USD 130 million in additional payments after passing certain commercial milestones.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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