Global Bariatric Surgical Devices Market Size By Device Type, By Procedure Type, By End-User, By Geographic Scope And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Global Bariatric Surgical Devices Market Size By Device Type, By Procedure Type, By End-User, By Geographic Scope And Forecast

Bariatric Surgical Devices Market Size And Forecast

Bariatric Surgical Devices Market size was valued at USD 1396.95 Million in 2023 and is projected to reach USD 2843.32 Million by 2031, growing at a CAGR of 9.29% from 2024 to 2031.

The Bariatric Surgical Devices Market encompasses a range of medical devices and instruments utilized in surgical procedures aimed at treating obesity and related metabolic disorders. These devices are employed in various bariatric surgeries such as gastric bypass, sleeve gastrectomy, gastric banding, and biliopancreatic diversion, among others. The market includes devices such as gastric bands, gastric balloons, surgical stapling devices, and gastric electrical stimulation systems, among others. These devices aid in reducing the size of the stomach, restricting food intake, and altering the digestive process to achieve weight loss and improve metabolic health in obese patients.

Global Bariatric Surgical Devices Market Drivers

The market drivers for the Bariatric Surgical Devices Market can be influenced by various factors. These may include

  • Growing Obesity Rates As obesity becomes more commonplace globally, there is a growing need for bariatric surgery as a viable treatment option.
  • Technological Developments Bariatric surgeries are becoming more and more popular among patients and medical professionals as a result of improvements in surgical methods and medical equipment that have made the operations safer, less intrusive, and more effective.
  • Government Policies and Initiatives The market for bariatric surgical devices is expanding as a result of government policies and initiatives that support healthy lifestyles, fight obesity, and lessen the burden of diseases linked to obesity. In certain nations, regulations like insurance coverage for bariatric procedures also have a big impact on industry expansion.
  • Growing Healthcare Expenditure Growing healthcare spending, especially in developing nations, is making bariatric surgery operations more accessible and bolstering industry expansion.
  • Aging Population As people get older, obesity-related illnesses like diabetes and cardiovascular diseases are more common. These disorders frequently call for surgical procedures like bariatric surgery, which in turn increases demand for bariatric surgical devices.
  • Lifestyle Shifts The obesity crisis is being fueled by a shift in lifestyles away from sedentary behavior, bad eating habits, and high levels of stress. This is driving up demand for bariatric surgical procedures.

Global Bariatric Surgical Devices Market Restraints

Several factors can act as restraints or challenges for the Bariatric Surgical Devices Market. These may include

  • High Cost The high cost of bariatric procedures and related equipment makes them inaccessible to anyone without sufficient insurance or financial resources. Patients may be discouraged from having these procedures done by the high expense, particularly in areas with less access to healthcare or lower income levels.
  • Difficulties with payment Different countries have different policies regarding payment for bariatric surgery, and getting paid for these operations can be difficult. Patients and healthcare professionals may be deterred from choosing bariatric surgery if insurance companies offer inadequate reimbursement or impose coverage limitations.
  • Safety Concerns Although improvements have made bariatric surgeries safer, there are always dangers associated with surgery. Decisions about bariatric surgery may be influenced by safety concerns, which include risks like bleeding, infection, and post-operative problems.
  • Insufficient Knowledge and Awareness In spite of initiatives to raise awareness, many people might not be aware that bariatric surgery is a viable choice for treating obesity. The expansion of the bariatric surgery market may be impeded by patients’ and healthcare professionals’ lack of knowledge regarding the advantages, dangers, and requirements for eligibility.
  • Regulatory Obstacles Strict regulations and lengthy approval procedures for bariatric surgical instruments can provide difficulties for producers, delaying the introduction of new products and their entry into the market. Product development is made more difficult and expensive by having to comply with regulatory requirements, such as those established by the FDA (U.S. Food and Drug Administration) and CE (Conformité Européenne) in Europe.
  • Alternative Treatment Options For some people, non-surgical weight loss options like diets, exercise, medication, and lifestyle changes are still popular. The acceptance of bariatric surgery and related equipment may be constrained by the effectiveness and accessibility of these alternatives, especially among patients who are apprehensive about surgery or who favor non-invasive methods.
  • Infrastructure and Surgical Experience Adequate infrastructure and facilities, together with specific training and experience, are needed to perform bariatric surgery. Bariatric surgery adoption may be restricted in areas where there is a lack of access to specialized healthcare facilities or a scarcity of experienced surgeons.

Global Bariatric Surgical Devices Market Segmentation Analysis

Global Bariatric Surgical Devices Market is segmented based on Device Type, Procedure Type, End-User, and Geography.

Bariatric Surgical Devices Market, By Device Type

  • Adjustable Gastric Bands These devices are placed around the upper part of the stomach to create a smaller stomach pouch, limiting food intake.
  • Gastric Balloons These are temporary devices inserted into the stomach to induce a feeling of fullness and aid in weight loss.
  • Gastric Sleeves This involves surgical removal of a portion of the stomach to reduce its size and limit food intake.

Bariatric Surgical Devices Market, By Procedure Type

  • Sleeve Gastrectomy Surgical removal of a portion of the stomach to reduce its size.
  • Gastric Bypass Dividing the stomach into a smaller upper pouch and reconnecting it to the small intestine to reduce food absorption.
  • Adjustable Gastric Banding Placing an adjustable band around the upper part of the stomach to create a smaller stomach pouch.

Bariatric Surgical Devices Market, By End-User

  • Hospitals and Surgical Centers These facilities perform bariatric surgeries and use bariatric surgical devices.
  • Specialty Clinics Clinics specializing in obesity treatment and bariatric surgery may also use these devices.
  • Ambulatory Surgical Centers Outpatient facilities that perform surgical procedures including bariatric surgeries.

Bariatric Surgical Devices Market, By Geography

  • North America Market conditions and demand in the United States, Canada, and Mexico.
  • Europe Analysis of the Bariatric Surgical Devices Market in European countries.
  • Asia-Pacific Focusing on countries like China, India, Japan, South Korea, and others.
  • Middle East and Africa Examining market dynamics in the Middle East and African regions.
  • Latin America Covering market trends and developments in countries across Latin America.

Key Players

The major players in the Bariatric Surgical Devices Market are

  • Medtronic PLC
  • Ethicon Inc
  • Apollo Endosurgery Inc
  • Aspire Bariatrics Inc
  • Intuitive Surgical Inc
  • Braun Melsungen AG
  • Olympus Corporation
  • The Cooper Companies
  • Conmed Corporation
  • Cousin Biotech

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2020-2031

Base Year

2023

Forecast Period

2024-2031

Historical Period

2020-2022

Unit

Value (USD Million)

Key Companies Profiled

Medtronic PLC, Ethicon Inc, Apollo Endosurgery Inc, Aspire Bariatrics Inc, Intuitive Surgical Inc, Braun Melsungen AG, Olympus Corporation, The Cooper Companies, Conmed Corporation, Cousin Biotech

Segments Covered

By Device Type, By Procedure Type, By End-User, and By Geography

Customization Scope

Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope

 Analyst’s Take

The Bariatric Surgical Devices Market is really taking off around the world! Why? Well, obesity and all the health problems that come with it are becoming more and more common. Plus, people are just more aware of what bariatric surgery can do these days. And let's not forget all the cool new surgical technologies that are making things easier. What's really helping is that more and more places are using minimally invasive techniques, and some regions even have pretty good reimbursement policies. Of course, it's not all smooth sailing. Things like the high cost of the procedures, tough regulations, and other weight loss options could slow things down a bit. But, with companies teaming up, coming up with new ideas, and focusing on making devices that work better and are safer, the market is expected to keep growing strong for years to come.

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