A recent report published by Infinium Global Research on the bariatric surgery devices market provides an in-depth analysis of segments and sub-segments in the global as well as regional bariatric surgery devices market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional bariatric surgery devices market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global bariatric surgery devices market. According to the report, the global bariatric surgery devices were worth USD 668.3 Million in 2020 and is expected to reach USD 917.4 Million by 2026, growing with a CAGR of 5.4% over the forecast period of 2020-2026.
Bariatric surgery helps to reduce weight for a patient who suffers from obesity. The treatment of comorbid condition those are associated with morbid obesity, which needs bariatric surgery devices. Bariatric surgery includes alteration in the gastrointestinal tract in which the quantity of food that the stomach can intake is restricted or the nutrients that are absorbed in the intestinal tract are restricted. The devices such as bariatric stapling devices, gastric balloons, and gastric bands are used in bariatric surgery. These medical procedures are expected to be utilized as a part of parallel with lifestyle changes in order to reduce patients' BMI's and diminish the predominance of weight and its comorbidities. The bariatric surgery device market is growing significantly due to the development of effective procedures. The prevalence of obesity is increasing continuously worldwide, thus the demand for bariatric surgery is increased.
Devices such as the surgical stapler, gastric band, gastric balloon, and others (sutures) are used in bariatric surgery. A surgical stapler is expected to be the largest market among the other devices due to its benefits such as fewer post-surgery infections, faster recovery, fewer post-surgery infections, reduced pain, bleeding control, and high accuracy. These different devices are used in different procedures of bariatric surgery such as sleeve gastrectomy, RY Gastric bypass, adjustable gastric band, intra gastric balloon, and others. Among the procedures, sleeve gastrectomy dominated the procedures segment. In this procedure, a large portion of the stomach along the greater curvature is removed with the help of surgery.
A rise in the cases of obesity is majorly driving the growth of the bariatric surgery devices market. The obesity epidemic is considered one of the most serious public health problems faced in the world today. Adult obesity is more common across the world compared to under-nutrition. According to the World Health Organization, more than 2 billion people in the world, aged 18 years and older were overweight. Out of these overweight people, more than 650 million were obese, which was about 13% of adults aged 18 years and over. While an estimated 38.2 million children under the age of 5 years were overweight or obese in 2019. Moreover, overweight and obesity cause many serious health issues including cardiovascular diseases, diabetes, musculoskeletal disorders, and different types of cancers. Thus, medical professionals advise overweight and obese people to lose weight. Bariatric surgery is one of the most suitable options for obese adults, who are not able to lose excess weight using other methods such as eating plans, exercise, or medications. Thus, the growing obesity, particularly among adults, is augmenting the number of bariatric surgeries. This, in turn, drives the demand for bariatric surgery devices in the market. Furthermore, the recommendation for bariatric surgeries by several health organizations is augmenting the market growth. However, the high cost associated with bariatric surgery devices majorly restrain the growth of the market. Moreover, technological advancements in bariatric surgery devices are anticipated to boost the market over the forecast period.
The North America region dominates the global bariatric surgery devices market owing to an increase in the number of obese people and a sedentary lifestyle that is full of unhealthy eating habits. Furthermore, Europe is expected to hold a significant share in the global bariatric surgery devices market due to the rising emphasis on self-care and increasing geriatric population across the region. The global bariatric surgery devices market in the Asia Pacific region is projected to witness the fastest growth owing to the increasing penetration of advanced medical devices and growing adoption of healthcare services. South America and Middle East & Africa are likely to expand at a healthy pace in the coming years owing to the rising emphasis on technological advancements in the diagnosis and treatment process are likely to boost demand for the bariatric surgery devices market in the region.
The report on the global bariatric surgery devices market covers segments such as procedure, devices, and end-user. On the basis of procedure, the sub-markets include sleeve gastrectomy, ry gastric bypass, adjustable gastric band, intra gastric balloon, and others. On the basis of devices, the sub-markets include a surgical stapler, gastric band, gastric balloon, and others (sutures). On the basis of end-user, the sub-markets include hospitals and clinics, and ambulatory surgery centers.
The report provides profiles of the companies in the market such as Johnson and Johnson, GI Dynamics Inc., Covidien plc, Intuitive Surgical Inc., Allergan Inc., USGI Medical Inc., TransEnterix Inc., SemiLEDs Ltd., Mediflex Surgical Procedures, and Other.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the bariatric surgery devices market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.