Bariatric Surgery Devices Market Outlook, Trends And Future Opportunities (2024-2031)

Bariatric Surgery Devices Market is Forecasted to Hit US$ 5.1 Bn By 2031 | CAGR 7.8%

  • Date: 18 Apr, 2024
  • Author(s): Sagar Karlekar

Global Bariatric Surgery Devices Market is expected to reach US$ 5.1 Bn in 2031 with a growth rate of 7.8%. The Bariatric Surgery Devices Market falls under the broader medical devices industry, focusing on weight loss procedures known as bariatric surgeries. These surgical interventions help individuals with severe obesity lose weight and improve their overall health by restricting the amount of food the stomach can hold or reducing the absorption of nutrients.

The growing prevalence of obesity globally is a significant driver for the Bariatric Surgery Devices Market. According to the World Health Organization, worldwide obesity has nearly tripled since 1975, with over 650 million adults being obese as of 2016. This alarming increase in obesity rates is fueling the demand for effective weight loss interventions, including bariatric surgery. Obesity is a major risk factor for a range of health issues, such as type 2 diabetes, cardiovascular diseases, and certain types of cancer. As the global population continues to grapple with this public health challenge, the need for bariatric surgery and the corresponding devices used in these procedures has become increasingly crucial.

The Bariatric Surgery Devices Market is also being driven by the ongoing technological advancements in the field. Manufacturers are continuously investing in research and development to introduce new and improved devices that enhance the safety, effectiveness, and patient experience of bariatric procedures. The development of minimally invasive and non-invasive bariatric procedures, such as intragastric balloons and endoscopic sleeve gastroplasty, have gained traction as they offer patients a less invasive alternative to traditional bariatric surgeries. Additionally, the integration of digital technologies, such as remote patient monitoring and AI-powered decision support systems, have improved pre-operative planning, intraoperative guidance, and post-operative care, leading to better patient outcomes.

The Bariatric Surgery Devices Market falls under the broader medical devices industry. Bariatric surgery, also known as weight loss surgery, is a procedure performed on individuals with severe obesity to help them lose weight and improve their overall health. These surgeries work by restricting the amount of food the stomach can hold or by reducing the absorption of nutrients.

Key Report Insights:

Major Market Driver: Rising prevalence of obesity globally. According to the World Health Organization, worldwide obesity has nearly tripled since 1975, with over 650 million adults being obese as of 2016. The growing prevalence of obesity is a major driver for the bariatric surgery devices market as more patients seek surgical intervention.

Company Activities: Key players in the market are focused on R&D to develop innovative and minimally invasive bariatric surgery devices. For example, Medtronic has a pipeline of products including the Orbera intragastric balloon system and the Endobarrier gastrointestinal liner. Ethicon, a subsidiary of Johnson & Johnson, has launched the ECHELON CIRCULAR Powered Stapler for bariatric procedures.

Advancements in Diagnostics and Medical Technology: Improvements in imaging techniques, such as 3D imaging and endoscopy, have enhanced pre-operative planning and intraoperative guidance for bariatric surgeries. Additionally, the adoption of robotic-assisted and laparoscopic surgical techniques has led to less invasive procedures with faster recovery times for patients.

Upcoming Trends: Emergence of non-invasive or minimally invasive bariatric procedures, such as intragastric balloons and endoscopic sleeve gastroplasty, are expected to drive market growth as patients seek alternatives to traditional surgery.

Market Growth, Market Dynamics, Market Opportunity Assessment:

The Bariatric Surgery Devices Market is poised for significant growth in the coming years. The rising prevalence of obesity, coupled with the increasing awareness of the long-term health benefits associated with bariatric surgery, is driving the demand for these weight loss interventions and the corresponding medical devices. Additionally, the expanding geriatric population and their susceptibility to obesity-related comorbidities have further contributed to the growth of the market.

The market also presents substantial growth opportunities, particularly in emerging regions. As healthcare systems in Asia-Pacific, Latin America, and the Middle East and Africa continue to invest in improving their infrastructure and medical capabilities, the availability of bariatric surgery services is expected to increase. This, in turn, will drive the demand for the Bariatric Surgery Devices Market in these regions. Manufacturers are positioning themselves to capitalize on this trend by establishing local partnerships, tailoring their product offerings, and supporting the development of bariatric surgery programs in these emerging markets.

Another key opportunity lies in the integration of digital technologies and remote patient monitoring solutions into bariatric care. The adoption of these tools can enhance the patient experience, improve long-term outcomes, and increase the efficiency of healthcare systems, ultimately driving the demand for the corresponding Bariatric Surgery Devices.

Drivers:

  • Rising Prevalence of Obesity Worldwide: The growing prevalence of obesity globally is a significant driver for the Bariatric Surgery Devices Market. According to the World Health Organization, worldwide obesity has nearly tripled since 1975, with over 650 million adults being obese as of 2016. This alarming increase in obesity rates is fueling the demand for effective weight loss interventions, including bariatric surgery.
  • Technological Advancements in Bariatric Devices: The Bariatric Surgery Devices Market has witnessed significant technological advancements in recent years, which have contributed to the growth of the market. Manufacturers are continuously investing in research and development to introduce new and improved devices that enhance the safety, effectiveness, and patient experience of bariatric procedures, such as the development of minimally invasive and non-invasive bariatric procedures.

Trends:

  • Adoption of Minimally Invasive and Non-Invasive Procedures: The Bariatric Surgery Devices Market is witnessing the growing adoption of minimally invasive and non-invasive bariatric procedures, as these options provide patients with less invasive alternatives that offer comparable weight loss results and improved safety profiles.
  • Integration of Digital Technologies and Telehealth Solutions: The Bariatric Surgery Devices Market is being influenced by the integration of digital technologies and telehealth solutions into bariatric care, enabling healthcare providers to monitor patients remotely, provide personalized guidance, and optimize treatment plans, leading to improved patient outcomes and increased efficiency in healthcare systems.

Opportunity:

The Bariatric Surgery Devices Market presents significant growth opportunities in emerging markets, particularly in regions such as Asia-Pacific, Latin America, and the Middle East and Africa, as these regions are experiencing a rapid rise in obesity prevalence and are investing in strengthening their healthcare infrastructure to address this challenge.

Key Regional Insights:

  • Largest Region: North America, Market share: 41.8% The North American region is the largest market for Bariatric Surgery Devices, driven by the high prevalence of obesity and the availability of advanced healthcare infrastructure in the United States and Canada. Key players with a strong presence in this region include Medtronic, Johnson & Johnson (Ethicon), and Intuitive Surgical.
  • Second Largest Region: Europe, Market share: 32.5% The European market is the second-largest for Bariatric Surgery Devices, with Germany, the United Kingdom, and France being the major contributors. The growth in this region is driven by the increasing awareness of the benefits of bariatric surgery and the availability of reimbursement coverage in certain European countries. Prominent companies operating in the European market include Olympus Corporation and Allergan plc.
  • Prominent Companies: Medtronic plc, Johnson & Johnson (Ethicon), Olympus Corporation, ReShape Lifesciences Inc., Apollo Endosurgery, Inc. These leading players in the Bariatric Surgery Devices Market are focused on developing innovative and less invasive solutions, as well as expanding their presence in emerging markets to capitalize on the growing demand for these weight loss interventions.

Market Segmentation:

  • By Product Type
    • Surgical Stapling Devices
    • Gastric Bands
    • Gastric Balloons
    • Gastric Bypass Devices
    • Gastric Sleeve Devices
    • Others (Malabsorptive Devices, Biliopancreatic Diversion Devices)
  • By Procedure Type
    • Roux-en-Y Gastric Bypass
    • Sleeve Gastrectomy
    • Adjustable Gastric Banding
    • Biliopancreatic Diversion with Duodenal Switch
    • Intragastric Balloon Placement
    • Endoscopic Sleeve Gastroplasty
    • Others (Revision Surgeries, Single-Anastomosis Duodenal-Ileal Bypass)
  • By End-User
    • Hospitals
    • Ambulatory Surgical Centers
    • Specialty Clinics
    • Others (Military Hospitals, Academic Institutions)
  • By Patient Demographics
    • Adults (18-64 years)
    • Geriatric (65 years and above)
    • Pediatric (under 18 years)
  • By Material
    • Stainless Steel
    • Titanium
    • Polymers
    • Composites
    • Others (Ceramics, Biodegradable Materials)
  • By Region
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East, and Africa

Definition:

“The Bariatric Surgery Devices Market refers to the global market for medical devices used in weight loss procedures, also known as bariatric surgeries. Bariatric surgery is a type of weight loss procedure performed on individuals with severe obesity to help them lose weight and improve their overall health. These surgeries work by restricting the amount of food the stomach can hold or by reducing the absorption of nutrients, leading to significant and sustained weight loss. The Bariatric Surgery Devices Market includes a wide range of products, such as surgical stapling devices, gastric bands, gastric balloons, gastric bypass devices, and gastric sleeve devices, among others. These devices are used by healthcare professionals, such as surgeons and physicians, to perform various bariatric procedures, helping patients achieve their weight loss goals and improve their quality of life.”

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