Obesity Surgery Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Increasing Incidence of Obesity and Rising Healthcare Spending Fueling Market Expansion

The global Obesity Surgery Devices Market is on the brink of significant growth, with a projected valuation of approximately US$ 3 Billion by the end of 2031, In 2024, the market generated revenues of around US$ 1.9 Billion. Key factors driving this growth include the escalating incidence of obesity in both children and adults and increased healthcare spending aimed at addressing obesity-related diseases.

Rising Obesity Epidemic

Obesity has become a global health concern, affecting children and adults worldwide. Poor dietary habits and reduced physical activity have contributed to the growing prevalence of obesity. Shockingly, by 2030, it is estimated that one in ten children globally, over 27 million children, will suffer from obesity in India alone. This alarming trend is a significant driver for the demand for obesity surgery devices.

Healthcare Spending

Both developed and emerging economies are witnessing a rise in per capita healthcare spending, which is expected to stimulate the adoption of obesity management strategies and treatments. Awareness among overweight individuals about the health risks associated with obesity, such as diabetes, cardiovascular diseases, and cancer, is also fueling the market's growth.

Minimally Invasive Procedures

The adoption of minimally invasive weight loss procedures is poised to further promote market expansion. These procedures offer a less invasive and quicker recovery option for patients seeking weight loss solutions.

Government Initiatives

Many governments worldwide are taking proactive measures to combat obesity. Initiatives to raise awareness about obesity and its health implications are being implemented, fostering the demand for obesity surgery devices.

Market Growth Challenges

However, the high production costs and limited financial support for surgical procedures pose challenges to market expansion. The lengthy research and development process, including clinical trials, adds to the financial burden faced by manufacturers. The cost associated with medical devices required for obesity treatment can also impede market growth.

Country-Wise Insights

United States Market Boom

The United States accounted for a significant market share of approximately 31.8% in the global obesity surgery device market in 2022. The prevalence of obesity in the United States is driving the demand for bariatric surgery, with nearly 42% of adults aged 20 and older suffering from obesity. FDA approvals for obesity-related products and strong market participation are expected to bolster growth.

Germany's Growing Market

Germany's market is expanding due to a rising incidence of type 2 diabetes and heart disease. Over 53% of adults in Germany are overweight, making it a lucrative market for obesity surgery devices.

United Kingdom's Lucrative Opportunity

The United Kingdom has introduced policies to provide treatment for obese individuals after bariatric surgery. Government initiatives mandate appropriate operational procedures and infrastructure to accommodate obese patients safely and conveniently, creating opportunities for the market.

China's Prominence

China, with a high prevalence of obesity and overweight, is emerging as a prominent market. The Chinese government has implemented various policies and guidelines to address the issue, fostering market growth.

Competition Landscape

Leading companies in the obesity surgery devices market, including

• Johnson & Johnson
• Medtronic, Inc
• Apollo Endosurgery Inc
• Aspire Bariatrics
• Spatz FGIA Inc
• MetaCure
• IntraPace Inc
• Other

Key Segments Covered in Obesity Surgery Devices Industry Research

Medical Devices/ Implants:

• Gastric Balloons
• Gastric Bands
• Stapling Devices

End User:

• Hospitals
• Specialty Clinics
• Ambulatory Surgical Centers

Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East & Africa

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