IMARC Group, a leading market research company, has recently released a report titled “Bariatric Surgery Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global bariatric surgery devices market trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Bariatric surgery devices represent the clinical equipment used for conducting bariatric procedures. These processes aid in weight loss by limiting the amount of food the stomach can carry and causing malabsorption of nutrients. Some of the commonly used assisting and implantable devices during bariatric surgery are trocars, stapling devices, vessel sealing appliances, suturing instruments, adjustable gastric bands, gastric balloons, electrical stimulators, etc. They also assist in enhancing the production of gut hormones that minimize appetite and provide the feeling of satiety.
How big is the bariatric surgery devices market?
The global bariatric surgery devices market size reached US$ 2.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028.
Current Trends Shaping the bariatric surgery devices market
The growing prevalence of numerous lifestyle disorders, including diabetes and cardiovascular diseases (CVDs), is primarily augmenting the bariatric surgery devices market. Furthermore, the increasing number of weight-related problems is elevating the requirement for these surgeries, on account of the sedentary lifestyle habits and unhealthy dietary patterns of most of the population across the globe, which is also bolstering the market growth. Apart from this, the shifting preferences for minimally invasive (MI) bariatric procedures and devices that remove the need for large incisions and cause minimum postoperative stress are positively influencing the global market.
Moreover, several advancements, such as the development of appliances with enhanced cosmetic results and minimal pain, are further catalyzing the market growth. Besides this, continuous improvements in surgical processes, including Primary Obesity Surgery Endoluminal (POSE), Hand-Assisted Laparoscopic Surgery (HALS), and Laparoscopic Greater Curvature Plication (LGCP), are acting as significant growth-inducing factors. Additionally, the increasing health consciousness among consumers and the rising adoption of clinical robots are expected to drive the bariatric surgery devices market in the coming years.
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What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Procedure Type:
- Minimally Invasive Surgical Procedures
- Non-Invasive Surgical Procedures
Breakup 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
Breakup by Procedure:
- Sleeve Gastrectomy
- Adjustable Gastric Banding
- Roux-en-Y Gastric Bypass
- Biliopancreatic Diversion with Duodenal Switch
- Others
Breakup by Application:
- Weight Loss
- Hereditary Disease
- Other Disorders
Breakup by End-User:
- Bariatric Surgery Clinics
- Hospitals
- Others
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
Who are the key players operating in the industry?
The report covers the major market players including:
- JApollo 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., etc.
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