Bariatric Surgery Devices Market 2024-2032: Industry Growth, Size, Share and Research Report

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The global bariatric surgery devices market size reached US$ 2.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4.4 Billion by 2032, exhibiting a growth rate (CAGR) of 4.6% during 2024-2032.

IMARC Group's report titled "Bariatric Surgery Devices Market Report by Procedure Type (Minimally Invasive Surgical Procedures, Non-Invasive Surgical Procedures), Device Type (Assisting Devices, Implantable Devices), Procedure (Sleeve Gastrectomy, Adjustable Gastric Banding, Roux-en-Y Gastric Bypass, Biliopancreatic Diversion with Duodenal Switch, and Others), Application (Weight Loss, Hereditary Disease, and Other Disorders), End-User (Bariatric Surgery Clinics, Hospitals, and Others), and Region 2024-2032". The global bariatric surgery devices market size reached US$ 2.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4.4 Billion by 2032, exhibiting a growth rate (CAGR) of 4.6% during 2024-2032.

Factors Affecting the Growth of the Bariatric Surgery Devices Industry:

  • Increasing Prevalence of Obesity and Related Health Conditions

The expansion of the bariatric surgery devices sector is largely influenced by the increasing incidence of obesity and related health issues, including type 2 diabetes, cardiovascular diseases, and hypertension. As the global obesity crisis intensifies, a greater number of individuals are pursuing effective long-term strategies for weight management. Bariatric surgery, known for its effectiveness in achieving significant weight loss and ameliorating obesity-related health conditions, is gaining popularity. This heightened interest in bariatric procedures is driving the demand for advanced surgical devices that improve the safety, efficiency, and outcomes of these interventions. As a result, manufacturers are dedicating resources to the creation of innovative devices and technologies to address the rising demand and enhance patient care.

  • Technological Advancements and Product Innovations

The growth of the bariatric surgery devices industry is significantly influenced by technological advancements and product innovations. The introduction of minimally invasive surgical techniques, such as laparoscopic and robotic-assisted surgeries, has transformed the field by decreasing recovery times, reducing complications, and enhancing overall surgical results. Furthermore, the emergence of new devices, including sophisticated stapling systems, adjustable gastric bands, and intragastric balloons, has broadened the array of surgical options available to patients. Ongoing research and development initiatives focused on improving the precision, safety, and effectiveness of bariatric surgery devices are anticipated to further drive market expansion. These innovations not only enhance patient satisfaction but also encourage a greater number of individuals to consider surgical weight-loss options.

  • Favorable Reimbursement Policies and Increasing Healthcare Expenditure

The expansion of the bariatric surgery devices market is significantly influenced by favorable reimbursement policies and rising healthcare expenditures. Numerous developed nations have adopted policies that offer either partial or complete coverage for bariatric procedures, thereby increasing accessibility for a wider demographic. This financial assistance alleviates the burden of out-of-pocket costs for patients, motivating them to explore surgical options for managing obesity. Furthermore, the increasing investment in healthcare infrastructure, especially in developing countries, is improving both the availability and quality of bariatric surgical services. Government initiatives focused on addressing obesity and encouraging healthier lifestyles are crucial in stimulating the demand for bariatric surgery devices, as they foster public awareness and acceptance of surgical interventions for obesity.

Leading Companies Operating in the Global Bariatric Surgery Devices Industry:

  •  Apollo Endosurgery Inc.
  • GI Dynamics
  • Intuitive Surgical Inc.
  • Johnson & Johnson Services Inc.
  • Medtronic Inc.
  • Olympus Corporation
  • Reach Surgical Inc.
  • Reshape Lifesciences Inc.
  • Spatz Fgia Inc.
  • TransEnterix Inc.
  • USGI Medical Inc

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/bariatric-surgery-devices-market/requestsample

Bariatric Surgery Devices Market Report Segmentation:

By Procedure Type:

  • Minimally Invasive Surgical Procedures
  • Non-Invasive Surgical Procedures

Minimally invasive surgical procedures dominate the market due to their reduced recovery times, lower complication rates, and improved patient outcomes than traditional open surgeries.

By Device Type:

  • Assisting Devices
    • Stapling Devices
    • Energy Based Vessel Sealing Devices
    • Suturing Devices
    • Trocars
    • Clip Appliers
    • Others
  • Implantable Devices
    • Gastric Bands
    • Electrical Stimulators
    • Gastric Balloons
    • Transpyloric Shuttle
    • Others

Assisting devices account for the largest market share as they are essential in enhancing the precision and safety of bariatric surgeries, facilitating better surgical performance and patient care.

By Procedure:

  • Sleeve Gastrectomy
  • Adjustable Gastric Banding
  • Roux-en-Y Gastric Bypass
  • Biliopancreatic Diversion with Duodenal Switch
  • Others

Roux-en-Y gastric bypass represents the largest segment as it is highly effective in achieving significant weight loss and improving obesity-related comorbidities, making it a preferred choice among surgeons and patients.

By Application:

  • Weight Loss
  • Hereditary Disease
  • Other Disorders

Weight loss dominates this segment due to the primary objective of bariatric surgeries being substantial and sustained weight reduction in individuals with severe obesity.

By End User:

  • Bariatric Surgery Clinics
  • Hospitals
  • Others

Bariatric surgery clinics hold the largest share as they specialize in providing comprehensive bariatric care, offering a wide range of surgical options and post-operative support services.

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Global Bariatric Surgery Devices Market Trends:

The global market for bariatric surgery devices is witnessing substantial expansion, primarily fueled by escalating obesity prevalence and advancements in minimally invasive surgical methods. Innovations such as laparoscopic and robotic-assisted techniques are improving surgical results and shortening recovery periods, thereby enhancing their appeal to both patients and healthcare professionals. Furthermore, the introduction of sophisticated devices, including adjustable gastric bands and intragastric balloons, is broadening the spectrum of effective surgical alternatives. Supportive reimbursement frameworks and increased healthcare expenditures, especially in developed nations, are facilitating greater access to bariatric surgery. Additionally, rising awareness regarding the health risks associated with obesity and the efficacy of surgical treatments is further driving market growth, as an increasing number of individuals pursue sustainable weight management solutions.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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