Bariatric Surgery Market Size, Share & Trends Analysis, by Assisting Device (Suturing Device, Closure Device), Implantable Device Type (Gastric Bands, Electrical Stimulation Devices), Surgery Type (Invasive, Non-Invasive), by End-use, Region And Segment, Forecast Period-2022 – 2028

Report ID - MRC_439 | Pages - 142 | Category - Healthcare and Pharma

Bariatric Surgery Market Insights

Bariatric Surgery Market is projected to be worth USD 5.45 Billion by 2028, registering a CAGR of 11.2% CAGR during the forecast period (2022-2028), The market was valued at USD 2.59 Billion in 2021. The closure device is estimated to grow at a high CAGR during the forecast period as they are highly used in minimally invasive surgeries. Non-invasive surgeries are projected to lead the surgery type segment. Further, the regional segment is dominated by North America due to the increasing number of obese patients in the region.

Bariatric surgery can refer to a wide range of operations, including gastric bypass and other weight-loss surgeries. Bariatric surgery is a medical procedure that helps patients to lose weight and excess fat in the body by adjusting or modifying the digestive tract. These surgeries are effective in the treatment of diabetes, sleep apnea and high cholesterol, high blood pressure, and other diseases.

Bariatric Surgery Market Dynamics

Driver:

Increasing demand for weight loss procedures is estimated to drive the demand in the bariatric surgery market. The factors responsible for the growth of the market are increasing consumption of fast food, and an unhealthy lifestyle. Further, growing government approvals for bariatric surgery devices are estimated to lift the growth of the market in the forecast period.

Restraints:

Expensive treatment and surgeries are estimated to impede the growth of the bariatric surgery market to a certain extent. As most of the global population is middle class and unemployed. For instance, in 2020, the global unemployment rate has increased by 1.1% and reached 6.5% from the previous year (Source: United Nations Statistics Division Development Data and Outreach Branch).

Opportunity:                                                                          

The rising number of FDA approvals for bariatric surgery devices and treatments is estimated to bring good opportunities for the key manufacturers in the market.

COVID-19 Analysis of Bariatric Surgery Market:

The bariatric surgery market has been significantly impacted due to the COVID-19 pandemic in many different parts of the world. Shipments were impacted during the initial lockdown due to a labor shortage and the closure of a manufacturing facility. The pandemic’s initial effects in China were tremendous. However, the nation’s circumstances have stabilized, and all product and service production rates have increased. As a result, it is determined that COVID-19’s overall impact on the bariatric surgery market is moderate. Post covid-19 there was a positive impact on the bariatric surgery market as consumers were more focused on health, and aware about chronic illness which increased the demand for Bariatric Surgeries.

Bariatric Surgery Market Report Coverage

Report AttributesReport Details
Study Timeline2016-2028
Market Size in 2028 (USD Billion)5.45
CAGR (2022-2028)11.2 %
By Assisting DeviceSuturing Device, Closure Device, Stapling Device, Trocars, Other Assisting Devices
By Implantable DeviceGastric Bands, Electrical Stimulation Devices, Gastric Balloons, Gastric Emptying
By SurgeryInvasive, Non-Invasive
By End-UseBariatric Surgery Clinics, Hospital, Ambulatory Surgical Centers
By geographyNorth America: U.S., Canada, Mexico

Europe: Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe

Asia Pacific: China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific

Latin America: Brazil, Argentina, Chile, Rest of Latin America

The Middle East and Africa: GCC, Turkey, Israel, Rest of MEA

Bariatric Surgery Market Segmental Analysis:

By Assisting Device

The Assisting Device segment is categorized into suturing devices, closure devices, stapling devices, trocars, and other assisting devices. The Closure device segment led the Assisting device segment of the bariatric surgery market. Owing to the high usage of a closure device in minimally invasive surgeries that require immediate wound closure after surgical procedures.

global bariatric surgery market by assisting device

By Implantable Device

The implantable device segment is divided into gastric bands, electrical stimulation devices, gastric balloons, and gastric emptying. The gastric band segment is estimated to grow at a significant level in the bariatric surgery market. Gastric bands implant is a minimally invasive procedure opt by Laparoscope. Moreover, it is highly used for morbid obesity (Referred to as class III obesity). Hence, demand for minimally invasive surgeries is estimated to supplement the growth of gastric bands in forecast period.

By Surgery Type

By Surgery type segment is bifurcated into invasive and non-invasive surgeries. Non-invasive surgeries are probable to grab larger market attention in the forecast period. The factors responsible for the growth of the segment are shortened hospital stay, minimal pain, and speedy recovery. Moreover, less postoperative pain and smaller incision are the major drivers of the non-invasive surgeries sub-segment segment in the bariatric surgeries market.

global bariatric surgery market by surgery type

End-Use

The end-user segment is categorized into bariatric surgery clinics, hospitals, and ambulatory surgical centers. The Hospital segment is estimated to grab a high revenue share in the bariatric surgery market. Owing to the high rate of patient admission with chronic illness. Further, patient convinces and easy access to diagnostic and clinical laboratories are estimated to boost the demand for bariatric surgeries in the hospital segment.

By Region

The regional segment includes Asia Pacific, Europe, North America, Middle East, and Africa, Latin America. North America is predicted to dominate the growth of the bariatric surgery market due to rising awareness regarding bariatric surgery, and advanced healthcare infrastructure. Further, the US is estimated to lead the region and hold the highest market share. As two out of three US adults are overweight or obese (69%). Further, obesity rates have increased in the US among men, Mexican American women, and Non-Hispanic Black women. Besides, continuation of this trend is estimate  that approximately half of men and women will be obese by 2030. Therefore, the above-mentioned factors estimated that North America is estimated to grab a high market share in the bariatric surgery market.

Bariatric Surgery Market Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, the surge in Research and Development (R&D), product innovation, and various business strategies have accelerated the growth of the market. For instance, in October 2019, Gordian Surgical Ltd. Company raised USD 3 million in funds for the commercialization of its TroClose 1200 access-closure system in the US for laparoscopic surgery.

Key Players

  • Medtronic PLC
  • Ethicon Inc. (Johnson and Johnson)
  • Apollo Endosurgery Inc.
  • Aspire Bariatrics Inc.
  • Intuitive Surgical Inc.
  • Braun Melsungen AG
  • Olympus Corporation
  • The Cooper Companies
  • Conmed Corporation.

Table of Content

  1. Introduction
    • Market Introduction
    • Market Research Methodology
      • Research Process
      • Primary Research
      • Secondary Research
      • Data Collection Technique
      • Data Sources
    • Market Estimation Methodology
      • Limitations of the Study
    • Product Picture of Bariatric Surgery
    • Global Bariatric Surgery Market: Classification
    • Geographic Scope
    • Years Considered for the Study
    • Research Methodology in brief:
    • Parent Market Overview
    • Overall Bariatric Surgery Market Regional Demand
    • Research Programs/Design
    • Market Breakdown and Data Triangulation Approach
    • Data Source
    • Secondary Sources
    • Primary Sources
    • Primary Interviews:
    • Average primary breakdown ratio
  2. Executive Summary
    • Business Trends
    • Regional Trends
    • Assisting Device Trends
    • Implantable Device Type Trends
    • Surgery Type Trends
    • End-Use Trends
  3. Market Dynamics
    • Drivers
      • Drivers
    • Restraints
      • Restraints
    • Opportunity
      • Impact forces for market dynamics
      • Impact forces during the forecast years
    • Industry Value Chain
      • Upstream analysis
      • Downstream analysis
      • Distribution Channel
      • Direct Channel
      • Indirect Channel
    • Potential Customers
    • Manufacturing/Operational Cost Analysis
    • Pricing Analysis by Region
    • Key Technology Landscape
    • Regulatory Analysis
    • Porter’s Analysis
      • Supplier Power
      • Buyer Power
      • Substitution Threat
      • Threat from New Entry
      • Competitive Rivalry
    • PESTEL Analysis
    • Political Factors
    • Economic Factor
    • Social Factors
    • Technological Factor
    • Environmental Factors
    • Legal Factor
    • Covid-19 impact on Global economy
    • Covid-19 impact on Bariatric Surgery demand
    • Post Covid Impact on Bariatric Surgery Market Demand
    • Impact analysis of Russia-Ukraine Conflict
  4. Global Bariatric Surgery Market Analysis Forecast by Assisting Device
    • Global Bariatric Surgery Segment by Assisting Device
      • Global Revenue Share (%), by Assisting Device, 2021
      • Global Bariatric Surgery Market Revenue (USD Billion), by Assisting Device, 2016 – 2028
    • Global Bariatric Surgery Market Revenue (USD Billion), by Assisting Device, 2016 – 2028
      • Suturing Device
      • Closure Device
      • Stapling Device
      • Trocars
      • Other Assisting Devices
  1. Global Bariatric Surgery Market Analysis Forecast by Implantable Device Type
    • Global Bariatric Surgery Segment by Implantable Device Type
      • Global Revenue Share (%), by Implantable Device Type, 2021
      • Global Market Revenue (USD Billion), by Implantable Device Type, 2016 – 2028
    • Global Bariatric Surgery Market Revenue (USD Billion), by Implantable Device Type, 2016 – 2028
      • Gastric Bands
      • Electrical Stimulation Devices
      • Gastric Balloons
      • Gastric Emptying
  1. Global Bariatric Surgery Market Analysis Forecast by Surgery Type
    • Global Bariatric Surgery Segment by Surgery Type
      • Global Revenue Share (%), by Surgery Type, 2021
      • Global Bariatric Surgery Market Revenue (USD Billion), by Surgery Type, 2016 – 2028
    • Global Bariatric Surgery Market Revenue (USD Billion), by Surgery Type, 2016 – 2028
      • Invasive
      • Non-Invasive
  1. Global Bariatric Surgery Market Analysis Forecast by End-Use
    • Global Bariatric Surgery Segment by End-Use
      • Global Bariatric Surgery Market Revenue Share (%), by End-Use, 2021
      • Global Revenue (USD Billion), by End-Use, 2016 – 2028
    • Global Bariatric Surgery Market Revenue (USD Billion) by End-Use, 2016-2028
      • Bariatric Surgery Clinics
      • Hospital
      • Ambulatory Surgical Centers
  1. Bariatric Surgery by Regions
    • Global Bariatric Surgery Market Overview, By Region
      • Global Market Revenue, By region
    • Global Bariatric Surgery Market Revenue (USD Billion), 2016-2028
      • Global Market Revenue Share (%) by region, 2021
    • North America
      • North Revenue (USD Billion), 2016-2028
    • Asia Pacific
      • APAC Revenue (USD Billion), 2016-2028
    • Europe
      • Europe Bariatric Surgery Market Revenue (USD Billion), 2016-2028
    • Latin America
      • Latin America Bariatric Surgery Market Revenue (USD Billion), 2016-2028
    • Middle East & Africa
      • Middle East & Africa Bariatric Surgery Market Revenue (USD Billion), 2016-2028
  1. North America
    • North America Bariatric Surgery Market Size by Countries
      • North America Revenue (USD Billion) by Countries (2016-2021)
      • North America Revenue (USD Billion), by Assisting Device, 2016 – 2028
      • North America Revenue (USD Billion), by Implantable Device Type, 2016 – 2028
      • North America Market Revenue (USD Billion), by Surgery Type, 2016 – 2028
      • North America Market Revenue (USD Billion), by End-Use, 2016 – 2028
    • United States
      • U.S. Revenue (USD Billion), by Assisting Device, 2016 – 2028
      • U.S. Revenue (USD Billion), by Implantable Device Type, 2016 – 2028
      • U.S. Market Revenue (USD Billion), by Surgery Type, 2016 – 2028
      • U.S. Market Revenue (USD Billion), by End-Use , 2016 – 2028
    • Canada
    • Mexico
  2. Europe
    • Europe Bariatric Surgery Market Size by Countries
      • Europe Market Size, by Assisting Device, 2016 – 2028
      • Europe Market Size, by Implantable Device Type, 2016 – 2028
      • Europe Market Size, by Surgery Type, 2016 – 2028
      • Europe Market Size, by End-Use, 2016 – 2028
    • Germany
    • France
    • UK
    • Spain
    • Russia
    • Italy
    • BENELUX
  1. Asia Pacific
    • Asia Pacific Bariatric Surgery Market Size by Countries
      • Asia Pacific Market Size, by Assisting Device, 2016 – 2028
      • Asia Pacific Market Size, by Implantable Device Type, 2016 – 2028
      • Asia Pacific Market Size, by Surgery Type, 2016 – 2028
      • Asia Pacific Market Size, by End-Use, 2016 – 2028
    • China
    • Japan
    • Australia
    • South Korea
    • India
    • ASEAN
  2. Latin America
    • Latin America Bariatric Surgery Market Size by Countries
      • Latin America Market Size, by Assisting Device, 2016 – 2028
      • Latin America Market Size, by Implantable Device Type, 2016 – 2028
      • Latin America Market Size, by Surgery Type, 2016 – 2028
      • Latin America Market Size, by End-Use, 2016 – 2028
    • Brazil
    • Argentina
    • Chile
  3. Middle East and Africa
    • Middle East and Africa Bariatric Surgery Market Size by Countries
      • Middle East and Africa Market Size, by Assisting Device, 2016 – 2028
      • Middle East and Africa Market Size, by Implantable Device Type, 2016 – 2028
      • Middle East and Africa Market Size, by Surgery Type, 2016 – 2028
      • Middle East and Africa Market Size, by End-Use, 2016 – 2028
    • GCC
    • Turkey
    • South Africa
  4. Global Bariatric Surgery Market by Players
    • Global Bariatric Surgery Market Revenue Share (%): Competitive Analysis, 2021
      • Key entry strategies adopted by market players
      • Global Revenue (USD Billion), By Manufacturer 2021
      • Global Revenue Share (%), By Manufacturer 2021
      • Global Market Player Positioning, By Manufacturer 2021
  1. Global Bariatric Surgery Market: Recent Development
  2. Competitive Analysis
    • Cousin Biotech
      • Business Overview
      • Cousin Biotech Business Financials (USD Billion)
      • Cousin Biotech Bariatric Surgery Product Category, Type and Specification
      • Cousin Biotech Main Business/Business Overview
      • Cousin Biotech Geographical Analysis
      • Cousin Biotech Recent Development
      • Cousin Biotech Swot Analysis
    • Medtronic PLC
    • Ethicon Inc. (Johnson and Johnson)
    • Apollo Endosurgery Inc.
    • Aspire Bariatrics Inc.
    • Intuitive Surgical Inc.
    • Braun Melsungen AG
    • Olympus Corporation
    • The Cooper Companies
    • Conmed Corporation
  1. Market Research Findings & Conclusion

Disclaimer 

Research Methodology

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