Bariatric Surgery Devices Market

Global Market Study on Bariatric Surgery Devices: Inclination towards MIS for Fat Reduction to Catalyze Growth

Bariatric Surgery Devices Market Segmented By Minimally Invasive Surgical, Stapling Devices, Energy/Vessel Sealing Device, Suturing Devices, Accessories, Non-Invasive Surgical Devices Type with Sleeve Gastrectomy, Gastric Bypass, Revision Bariatric Surgery, Non-Invasive Bariatric Surgery, Adjustable Gastric Banding, Mini-gastric Bypass Procedure

  • May-2022
  • PMRREP33102
  • 326 Pages
  • Healthcare
  • PPT, PDF, WORD, EXCEL

Bariatric Surgery Devices Market Outlook

The bariatric surgery devices market is anticipated to have a significant CAGR of 4.5% during the period of 2022-2032.

The bariatric surgery devices market is predicted to grow from US$ 2.1 Billion in 2022 to US$ 3 Billion in 2032. Previously, the market was thriving at a higher CAGR of 5.2% (2015-2021), resulting in market size of US$ 2 Billion in 2021.

“The bariatric surgery devices market demand is accelerating as the obese population grows, as does the incidence of obesity-related diseases and lifestyle-related problems.”

One of the major factors likely to drive the growth and demand for bariatric surgical devices is the rise in demand for minimally invasive surgeries (MIS) around the world. Additionally, during the anticipated period, the availability of surgeons who specialize in bariatric surgery procedures is expected to fuel the adoption of bariatric surgical devices.

Attributes

Details

Bariatric Surgery Devices Market CAGR (2022-2032)

4.5%

Bariatric Surgery Devices Market Size (2022)

US$ 2.1 billion

Bariatric Surgery Devices Market Size (2032)

US$ 3 billion

Find Out More about the Report Coverage

Companies

  • Ethicon
  • Medtronic
  • Intuitive Surgical
  • Apollo Endosurgery
  • ReShape Lifesciences
  • Aspire Bariatrics
  • Mediflex Surgical Products
  • Spatz FGIA
  • Cousin Biotech

How COVID-19 Impacts the Bariatric Surgery Devices Market?

Many patients have been unable to receive bariatric surgery as a result of the global spread of the new coronavirus, which was followed by lockdown regimes. The only services accessible to patients in public hospitals during the ongoing pandemic, with most doctors preoccupied with the nonstop treatment of corona patients, were oncological treatments and surgical emergencies.

Patients with morbid obesity have been put on hold numerous times due to a lack of availability and high demand. Obesity rates have also grown during the lockdown, due to limited movement and quarantine periods.

Slowly, however, both doctors and the government are banding together to get out of the predicament and perform the necessary surgeries, opting for investments, better infrastructure, and surgery scheduling, which leads to higher demand for bariatric surgery devices.

Furthermore, the global bariatric surgery devices market has been significantly damaged by the COVID-19 pandemic. The spread of the COVID-19 infection caused a large decline in sales of bariatric surgery devices in the medical equipment business, notably in the early months of the pandemic.

To stop the virus from spreading, governments around the world implemented various restrictions on the movement of goods and people. Additionally, all elective surgeries were postponed or cancelled throughout the pandemic to allow for maximal hospital capacity utilization for COVID-19 patients.

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Market Dynamics

What are Factors Contributing to the Growth of the Bariatric Surgery Devices Market?

The growing prevalence of morbid obesity around the world is driving up the demand for bariatric surgery devices. Additionally, the rate of childhood obesity is rising at an alarming rate. Children who are overweight since childhood is at higher risk than ordinary adult.

Furthermore, chronic diseases such as excessive cholesterol, hypertension, and diabetes manifest earlier in youngsters. The prevalence of this important health risk is expected to be a major driving force behind the growth of the bariatric surgery devices market.

As bariatric surgeries are becoming more popular, established and new medical surgeons are honing and qualifying their surgical abilities. As a result, there is an increase in demand for bariatric surgery devices.

What Restraints the Bariatric Surgery Devices Market?

The bariatric surgery devices market is influenced by a number of issues, including increased product recalls and the expense of performing these procedures. These are the primary roadblocks to the growth of the bariatric surgery devices market.

However, the post-surgical consequences are creating a huge obstacle in living with bariatric surgery, hampering the adoption of bariatric surgery devices. As surgical treatments are performed on the patient's stomach and intestines, there is a considerable danger of infection.

Gastrointestinal ulcers, internal bleeding, small bowel blockage, gastric band slippage, and hernias are just a few of the usual side effects of bariatric surgery.

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Comparative View of Adjacent Bariatric Surgery Devices Market

Attributes

Bariatric Surgery Devices Market

CAGR (2022-2032)

4.5%

Market Value (2026)

US$ 2.49 Billion

Growth Factor

Demand is high due to the growing prevalence of morbid obesity around the world.

Opportunity

Established and new medical surgeons are honing and qualifying their surgical abilities to expand the market's prospects.

Key Trends

The prevalence of major health concerns, like excessive cholesterol, hypertension, creates a higher scope for the market.

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Comparative View of Adjacent Surgical Stapling Devices Market

Attributes

Surgical Stapling Devices Market

CAGR (2022-2032)

8.4%

Market Value (2026)

US$ 4.19 Billion

Growth Factor

The use of surgical stapling devices in bariatric procedures is increasing, which is driving up demand.

Opportunity

The rise in laparoscopic procedures elected by the patients offers attractive business opportunities.

Key Trends

Manufacturers of surgical stapling devices are continuously investing in research and development and have higher scope in the market.

Comparative View of Adjacent Cardiovascular Surgical Device Market

Attributes

Cardiovascular Surgical Device Market

CAGR

(2022-2032)

6.4%

Market Value

(2026)

US$ 7.09 Billion

Growth Factor

Higher revenue due to increase in prevalence of cardiac diseases, diabetes, and lifestyle disorders.

Opportunity

The technological breakthroughs result in fewer side effects and help patients recover faster after surgery.

Key Trends

Insurance agencies and companies have begun providing plans specifically targeting chronic diseases, such as cardiovascular issues, opening up a large market for content marketing networks.

COVID-19's influence on lockdown and work-from-home adoption would enhance sedentary behaviour, resulting in an obese population and expanding market prospects for bariatric surgery devices. The growing popularity of less invasive bariatric surgery as a means of non-invasive weight loss has led to a surge in demand for bariatric surgery devices.

Individual sales of bariatric surgery devices have also increased as a result of increased spending on weight loss surgery. The growth of the bariatric surgery device market is also influenced by regional government efforts.

Regional government activities have improved the bariatric surgical device market share.

The widespread availability of minimally invasive surgery devices has aided physicians in their efforts to reduce surgery-related morbidity.

The major goal of deploying these devices is to eliminate the necessity for surgical incisions, as well as issues associated with postoperative trauma. Lower incisions are required for bariatric surgeries, like micro sleeve gastrectomy, which helps patients accept the procedures without fear.

As a result, hospitals and weight-loss clinics are adopting bariatric surgical devices. Blood clots, bleeding, constipation, infection, and gallstones are just a few of the side effects connected with bariatric surgery that deter people from pursuing surgical weight loss methods.

Furthermore, patients frequently experience post-operative concerns such as acid reflux, protein or calorie deficiency, constipation, gallstones, stomach obstruction, and so on. In addition, some studies have found higher mental health concerns. Over 20% of patients considering and receiving bariatric surgery are diagnosed with behavioral health issues, such as binge-eating disorder, anxiety, and depression, among others.

What is the Segmentation Outlook of the Bariatric Surgery Devices Market?

Bariatric surgery devices market is segmented into type, procedure and region.

According to FMI, based on type, minimally invasive surgical devices, stapling devices, energy/vessel sealing devices, suturing devices, accessories, and non-invasive surgical devices make up the bariatric surgery devices market. During the forecast period, the minimally invasive surgical devices segment is expected to have a CAGR of 3.5% through 2032.

Non-invasive weight-loss surgical equipment is being driven by the rising prevalence of obesity globally, the demand for fewer incisions and scars, and the requirement for less discomfort and damage. This is likely to increase public acceptability of surgical procedures, which would help the market for bariatric surgery devices grow.

Furthermore, the increased adoption of minimally invasive surgical techniques over traditional surgical techniques is expected to boost minimally invasive surgical device segment growth.

Sleeve Gastrectomy leading the Bariatric Surgery Devices Market, based on procedure

Based on procedure, the market is segmented into sleeve gastrectomy, gastric bypass, non-invasive bariatric surgery, adjustable gastric banding, revision bariatric surgery, mini-gastric bypass, and biliopancreatic diversion with duodenal switch.

During the projected period, the sleeve gastrectomy segment is expected to account for the significant share and have the highest CAGR of 3.7% through 2032. This is due to the FDA's recent approval of an incision-free operation.

In recent years, this process has undergone a number of changes. Increased use of sleeve gastrectomy by surgeons and patients, as well as the launch of technologically advanced goods by manufacturers, are some of the primary reasons driving the bariatric surgery devices market.

What is the Regional Analysis of the Bariatric Surgery Devices Market?

Regions

CAGR (2022-2032)

United States

4.3%

United Kingdom

3.6%

China

4.2%

Japan

4%

South Korea

3.2%

The market for bariatric surgery devices in North America is predicted to reach US$ 1 billion in revenue by 2032, owing to the region's growing obese population. According to the Trust for America's Health (TFAH), the adult obesity rate in the United States is expected to be around 42% in 2020, and the percentage is rising every year, leading to an increase in the incidence of chronic diseases in adults.

The US is expected to have a CAGR of 4.3% during the forecast period. Obesity can lead to serious health problems and is linked to a significant rise in mortality and morbidity.

 The region also has a significantly higher acceptance rate for surgical weight-loss operations, which helps propel the business forward. In addition, increased awareness of obesity management and the presence of large medical device businesses in the market are propelling the growth of bariatric surgery devices market.

During the predicted period, Asia Pacific is expected to grow at a stable pace. China is expected to have a CAGR of 4.2%, while Japan will grow at a rate of 4% through 2032. During this time period, factors such as the growing teenage and adult population, fast-rising comorbidities such as diabetes, an increase in bariatric procedures, and government measures to combat obesity are likely to fuel bariatric surgery device market expansion.

How Competition Intensifies the Bariatric Surgery Devices Market?

Bariatric surgery devices market competes mostly on the basis of providing innovative and efficient services. The statistics show how competitors are capitalizing on the market for bariatric surgery devices. Some of the most recent developments in the landing page builder market include:

  • Standard Bariatrics, Inc of Cincinnati, invented the Titan SGS™, a first-of-its-kind device that provides surgeons undergoing sleeve gastrectomy, the most frequent bariatric surgery for obesity, with the industry's longest continuous staple cutline of 23 centimeters.
  • Apollo received 510(k) clearance from the US Food and Drug Administration (FDA) in 2019. (k). This was done in regards to the use of polypropylene suture in OverStitch Endoscopic Suturing devices. The company's gross margins increased dramatically, and its reliance on a third party significantly decreased.
  • Intuitive Surgical's MEE Commercial Centre opened in Freiburg (Breisgau). The company's global presence has improved. In February 2020, Medtronic purchased Digital Surgery, a well-known player in the field of surgical artificial intelligence, data, and analytics.

Key segments

By Type

  • Minimally Invasive Surgical
  • Stapling Devices
  • Energy/Vessel Sealing Device
  • Suturing Devices
  • Accessories
  • Non-Invasive Surgical Devices

By Procedure

  • Sleeve Gastrectomy
  • Gastric Bypass
  • Revision Bariatric Surgery
  • Non-Invasive Bariatric Surgery
  • Adjustable Gastric Banding
  • Mini-gastric Bypass
  • Biliopancreatic Diversion with Duodenal Switch

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Media Release

- FAQs -

The bariatric surgery devices market is projected to have a CAGR of 4.5% during the forecast period.

The US is the leading region, with an anticipated CAGR of 4.3% through 2032.

Minimally invasive surgical devices lead the market with the projected CAGR of 3.5% through 2032.

The bariatric surgery devices market is predicted to grow to US$ 3 billion by 2032.

Sleeve Gastrectomy leads the market with the projected CAGR of 3.7% by 2032.

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