The global Bariatric Surgery Devices Market is experiencing a significant surge, driven by the increasing prevalence of obesity and related health issues. Bariatric surgery has emerged as a crucial solution for individuals struggling with severe obesity, and the demand for advanced devices in this field is on the rise. Two key categories dominating this market are laparoscopic bariatric devices and bariatric surgical instruments.
The Bariatric Surgery Devices Market Share is projected to grow from USD 2.33 Billion in 2023 to USD 3.5 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.1% during the forecast period (2023 - 2032).
Laparoscopic bariatric devices play a pivotal role in minimally invasive procedures, allowing surgeons to perform weight-loss surgeries with smaller incisions, reduced pain, and quicker recovery times. These devices include specialized tools such as trocars, graspers, and staplers designed for precise and efficient surgical interventions. The growing adoption of laparoscopic techniques has fueled the demand for these devices, offering patients a less invasive approach to bariatric surgery.
On the other hand, bariatric surgical instruments encompass a wide range of tools essential for performing weight-loss surgeries successfully. These instruments include scissors, forceps, and retractors, each designed to meet the unique challenges of bariatric procedures. Surgeons rely on these high-quality instruments to ensure precision and safety during surgery, contributing to better patient outcomes.
The market for both laparoscopic bariatric devices and bariatric surgical instruments is witnessing technological advancements aimed at improving efficiency and patient outcomes. Manufacturers are investing in research and development to introduce innovative devices with enhanced features, such as better ergonomics, increased durability, and improved compatibility with robotic surgical systems.
Geographically, North America holds a significant share in the bariatric surgery devices market, with a growing number of people opting for surgical interventions to combat obesity-related health issues. However, the Asia-Pacific region is also emerging as a lucrative market, driven by increasing awareness, rising healthcare expenditure, and a growing obese population.
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Major Key Players:
MRFR recognizes the following companies as Bariatric Surgery Devices Market Players — Medtronic (Ireland), Apollo Endosurgery, Inc. (US), Intuitive Surgical Inc. (US), Johnson Johnson Services Inc. (US), ReShape Lifesciences, Inc. (US), Olympus Corporation (Japan), Mediflex Surgical Products (US), TransEnterix Surgical, Inc. (US), Aspire Bariatrics (US), and Spatz FGIA, Inc. (US) among others.
Segment Analysis
Based on product, the global bariatric surgery devices market has been segmented into implantable devices, assisting devices, and others. The implantable devices segment has been further sub-segmented into gastric bands, electrical stimulation devices, gastric balloons, and gastric emptying devices. The assisting devices segment has been sub-segmented into stapling devices, trocars, suturing devices, incision closure devices, and others
On the basis of procedure, the bariatric surgery devices market has been segmented into revision bariatric surgery, non-invasive bariatric surgery, sleeve gastrectomy, gastric bypass, adjustable gastric banding, biliopancreatic diversion with duodenal switch, mini-gastric bypass, and gastric bypass.
By end-user, the bariatric surgery devices market has been segmented into bariatric surgery clinics, hospital pharmacies, ambulatory surgical centers, and others.
Regional Analysis
The global bariatric surgery devices market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and the Middle East Africa.
The Americas is expected to hold the largest share of the global bariatric surgery devices market. This is owing to the rising obese and overweight population, increasing sedentary lifestyle, and growing demand for minimally invasive procedures. Also, increasing awareness about procedures related to bariatric surgery devices in the US, prompts market growth.
The European market holds the second-largest position in the global bariatric surgery devices market. Factors attributing to the growth of the market are the availability of minimally invasive bariatric surgery devices, the increasing launch of bariatric surgery devices and growing innovation in the medical device market is expected to drive the market growth in Europe.
Asia-Pacific is estimated to be the fastest-growing region owing to the rapidly rising per capita disposable income and availability of advanced surgical devices support the market growth. Also, the presence of a large target population in countries such as China and India are expected to boost the market growth. The growing geriatric population in Asian countries is also likely to be one of the major supporting factors during the forecast period.
The bariatric surgery devices market in the Middle East Africa is expected to grow at a significant rate owing to growing advanced treatment facilities in the economies of the UAE and Saudi Arabia in the Middle East which drives market growth.
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