Global Bariatric Surgery Devices Industry Outlooks
The devices utilized for bariatric surgery, which is any device or equipment utilized for surgical interventions that may be undertaken in the aim of reducing one's stomach size or modifying the digestive system so that less food can be consumed, either by creating space or by absorbing nutrients inside the body. These include simple gastric bypass, sleeve gastrectomy, and adjustable gastric banding. Each of these procedures necessitates the need for different devices, such as staplers, sutures, gastric bands, and electrical stimulators, to be done in a safe and effective manner.Mainly, these devices are used for bariatric surgery in order to facilitate a significant reduction in body weight among patients with obesity, especially those who have corresponding health issues such as diabetes, hypertension, or cardiovascular diseases. All this will support the patient in reducing health risks, boosting metabolic functions, and improving the quality of life. Being one of the tools offering an effective surgical solution for long-term weight management, bariatric surgery devices become very crucial, especially considering the increasing rates of obesity cases around the world and their corresponding health complications.
Growth Drivers for the Bariatric Surgery Devices Market
Rising Global Obesity Rates and Its Consequences-Related Health Conditions
The rising trend of obesity worldwide has contributed significantly to the growth of the bariatric surgery devices market. Obesity is a serious health condition and is often associated with other chronic diseases, including diabetes, cardiovascular diseases, and hypertension. The condition not only increases healthcare expenditure but also diminishes the quality of patients' lives. In response, there has been a growing need for people to undergo proper weight management approaches. Bariatric surgery has been identified as an effective long-term intervention that aims at highly promoting weight loss along with improved health outcomes. There is improved awareness of the benefits of bariatric surgery that continued to have many patients and healthcare providers explore it as an option, boosting demand in specialized surgical devices used in this practice. According to the results recently discovered in 2024 by the NCD Risk Factor Collaboration, more than one billion people suffer from obesity. The number of adults affected is about 880 million, and nearly 159 million children and adolescents aged 5 to 19 years.Advancements in Minimally Invasive Surgical Techniques
One of the driving factors for the advancement of the growth of the market is improved technology in minimally invasive bariatric surgery methods. The developments in bariatric procedures including laparoscopic and robotic-assisted surgery would ensure that the procedures are much safer to have less recovery periods, very minimal scarring, and low risks of complications. It boosts the confidence level of patients and thereby makes them more susceptible for such a treatment. Minimally invasive tools and robotic systems make bariatric surgery more precise, controlled, and exact for surgeons performing complex bariatric surgeries. As these technologies continue to advance, they expand adoption of bariatric surgeries and drive demand for advanced surgical devices in this market. In January 2024, Arthrex launched TheNanoExperience.com-an online resource aimed at educating patients on Nano arthroscopy-a minimally invasive orthopedic procedure that connects patients with surgeons, targeting specific treatment areas while minimizing the impact on healthy tissue.Growing Insurance Coverage and Supportive Policies by Healthcare:
The rapidly increasing adoption of bariatric surgery into health insurance policies is a driver of the bariatric surgery devices market. Insurance coverage largely reduces out-of-pocket spending for patients, thereby increasing access to surgery for people who might otherwise be unable to afford it. In several countries, health insurance policies have evolved towards acknowledging obesity as a major health concern and insurers are attaching coverage to bariatric procedures. This easy access makes more patients opt for surgery. Along with favorable healthcare policies, as well as government efforts toward the prevention of obesity, increased insurance cover strengthens the global bariatric surgery devices market.Canada Bariatric Surgery Devices Market
The Canada Bariatric Surgery Devices market is gradually picking up with rising obesity rates wherein there has been an increase in the incidence of obesity-associated diseases like diabetes and cardiovascular disorders. There is increasing scope for bariatric surgeries in Canada, given the rising number of population looking forward to weight loss. The development in technicalities of minimally invasive surgical apparatuses - such as laparoscopic and robotic systems - contributes to the safety and efficiency of procedures. Increasing healthcare supportive policies coupled with ever-expanding insurance for bariatric surgeries are significant factors marking market growth. Consequently, demand for bariatric surgery devices in Canada rises, saving more patients.Market Overview of Bariatric Surgery Devices in France
The market for bariatric surgery devices in France has been growing at a high rate, due to the increasing obesity rate and resultant health disorders, such as diabetes, hypertension, and cardiovascular diseases. Growing needs for effective solutions to weight loss among French patients lead to the increased demand for bariatric surgeries. Advances in minimally invasive surgical tools like laparoscopes and robotic devices are changing the dimensions of surgical procedures while reducing recovery times. Favorable healthcare policies and expanded insurance coverage for bariatric procedures are motivating patients to undergo surgical treatments. Rising demand for bariatric surgery devices from France is creating a trend that resulted in better care and treatment for patients. February 2024 - BariaTek Medical, a France-based company, has successfully implanted for the first time its BariTon, a state-of-art reversible implant capable of diminishing calorie absorption and food intake in a similar manner to obese weight loss surgeries.India Bariatric Surgery Devices Market
The India Bariatric Surgery Devices market is further going to boom on the back of the ever-spreading scale of obesity problems and the various linked diseases such as diabetes, hypertension, and heart diseases. As people look for efficient treatments for losing weight, bariatric surgeries are more in demand. The technologically evolving minimally invasive devices, such as laparoscopic tools and robotic systems, improve on the procedures by sharpening their precision and safety. Moreover, the growing awareness, the improvement of health infrastructure, and expanding coverage of the insurance plan for bariatric surgeries are some of the other reasons driving the market further. Therefore, good growth is being seen in the Indian market in terms of demand for bariatric surgery devices. To say, for instance, as per a news in August 2022, CDSCO has approved Allurion's gastric balloon capsules for weight reduction in obese patients.Bariatric Surgery Devices Market in Saudi Arabia
The Saudi Arabia Bariatric Surgery Devices market is growing at a great pace, fueled by an increasing prevalence of obesity and related health conditions like diabetes and cardiovascular diseases. Now that obesity emerges as a serious issue for public health, people have started opting for bariatric surgery as an effective weight loss solution. Innovation in minimally invasive surgical techniques, advanced laparoscopic systems, and robotic systems, have greatly improved the safety, efficacy, and recovery times associated with these procedures. Higher healthcare awareness, improvement in insurance coverage, and government initiatives towards obesity control also promote bariatric surgery devices in Saudi Arabia. Olympus Corporation has rolled out VISERA ELITE III, a new surgical vision platform especially for healthcare professionals conducting endoscopic procedures within a large range of medical specialties. It has officially introduced this product in September 2022.Procedure Type- Industry is divided into 2 viewpoints:
1. Minimally Invasive Surgical Procedures2. Non-Invasive Surgical Procedures
Device Type- Industry is divided into 2 viewpoints:
1. Assisting Devices2. Implantable Devices
Procedure- Industry is divided into 5 viewpoints:
1. Sleeve Gastrectomy2. Adjustable Gastric Banding
3. Roux-en-Y Gastric Bypass
4. Biliopancreatic Diversion with Duodenal Switch
5. Others
Application- Industry is divided into 3 viewpoints:
1. Weight Loss2. Hereditary Disease
3. Other Disorders
End User- Industry is divided into 3 viewpoints:
1. Bariatric Surgery Clinics2. Hospitals
3. Others
Countries- Industry is divided into 25 viewpoints:
North America
- United States
- Canada
Europe
- France
- Germany
- Italy
- Spain
- United Kingdom
- Belgium
- Netherlands
- Turkey
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Thailand
- Malaysia
- Indonesia
- New Zealand
Latin America
- Brazil
- Mexico
- Argentina
Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
All companies have been covered with 5 Viewpoints
1. Overview2. Key Persons
3. Recent Development & Strategies
4. Product Portfolio
5. Financial Insights
Company Analysis
1. Apollo Endosurgery Inc.2. GI Dynamics
3. Intuitive Surgical Inc.
4. Johnson & Johnson Services Inc.
5. Medtronic Inc.
6. Olympus Corporation
7. Reshape Lifesciences Inc.
8. TransEnterix Inc.
Table of Contents
Companies Mentioned
- Apollo Endosurgery Inc.
- GI Dynamics
- Intuitive Surgical Inc.
- Johnson & Johnson Services Inc.
- Medtronic Inc.
- Olympus Corporation
- Reshape Lifesciences Inc.
- TransEnterix Inc.
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 115 |
Published | November 2024 |
Forecast Period | 2024 - 2033 |
Estimated Market Value ( USD | $ 2.78 Billion |
Forecasted Market Value ( USD | $ 4.36 Billion |
Compound Annual Growth Rate | 5.1% |
Regions Covered | Global |
No. of Companies Mentioned | 8 |