Global Bariatric Surgery Devices Market, By Type (Minimally Invasive Surgical Devices, Non-Invasive Surgical Devices), Procedure (Sleeve Gastrectomy, Gastric Bypass, Revision Bariatric Surgery, Non-Invasive Bariatric Surgery, Adjustable Gastric Banding, Mini-Gastric Bypass, Biliopancreatic Diversion with Duodenal Switch), End User (Bariatric Surgery Clinics, Hospitals, Specialty Centers, Ambulatory Surgical Centers), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
The bariatric surgery devices market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to USD 3.08 billion by 2028 and will grow at a CAGR of 7.38% in the above mentioned forecast period.
Bariatric surgery is a type of surgery performed on the gastrointestinal tract chiefly to contact the weight-loss procedure. Bariatric surgery devices alter the gastrointestinal tract by limit the amount of food that the stomach can intake or restrict the nutrients which are absorbed in the intestinal tract.
The rise in demand for minimally invasive surgeries (MIS) across the world is amongst the important factor expected to intensify the growth and demand of bariatric surgery devices market. In addition, the rapid rise in obese population and the increase in the number of bariatric surgeries are also expected contribute to the growth in the global market over the forecast period of 2021 to 2028. Also the rapid change in lifestyle habits and excessive intake of calories and huge healthcare spending are also likely to enhance the growth of the market. Furthermore, the rise in government support and increase in awareness regarding unhealthy food and drinks available in the market also one of the significant factors expected to fuel the growth of the bariatric surgery devices market.
The rapid technological advancements in developed economies and rise in government funding for bariatric surgery in developed countries are anticipated to offer significant growth opportunities for the market in the forecast period of 2021 to 2028.
However, the high cost coupled with surgical devices and strict regulatory scenario in developed countries are expected to curb the growth of the bariatric surgery devices market, whereas the lack of skilled healthcare professionals in developing economies and product recalls can challenge the growth of the bariatric surgery devices market.
This bariatric surgery devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the bariatric surgery devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Bariatric Surgery Devices Market Scope and Market Size
The bariatric surgery devices market is segmented on the basis of type, procedure and end user. The growth amongst these segments will help you analyze meager growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, the bariatric surgery devices market is segmented into minimally invasive surgical devices and non-invasive surgical devices. Minimally invasive surgical devices have further been segmented into stapling devices, energy/vessel-sealing devices, suturing devices and accessories.
- On the basis of procedure, the bariatric surgery devices market is segmented into sleeve gastrectomy, gastric bypass, revision bariatric surgery, non-invasive bariatric surgery, adjustable gastric banding, mini-gastric bypass and biliopancreatic diversion with duodenal switch.
- The end user segment of bariatric surgery devices market is segmented into bariatric surgery clinics, hospitals, specialty centers and ambulatory surgical centers.
Bariatric Surgery Devices Market Country Level Analysis
The bariatric surgery devices market is analyzed and market size insights and trends are provided by country, type, procedure and end user as referenced above.
The countries covered in the bariatric surgery devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa(MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region leads the bariatric surgery devices market owing to the rapid rise in the quantum of obese people and an inactive lifestyle that is full of unhealthy eating habits. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the rise in obesity-related problems among the population of these countries.
The country section of the bariatric surgery devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The bariatric surgery devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for bariatric surgery devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the bariatric surgery devices market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Bariatric Surgery Devices Market Share Analysis
The bariatric surgery devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to bariatric surgery devices market.
The major players covered in the bariatric surgery devices market report are Medtronic, Johnson & Johnson Services, Inc., Intuitive Surgical, Apollo Endosurgery, Inc., Reshape Lifesciences, Inc., Olympus Corporation, Aspire Bariatrics, Spatz FGIA Inc., Mediflex Surgical Products, Cousin Biotech, Allergan, GI Dynamics, Inc., Asensus Surgical US, Inc., USGI Medical, Stryker, Smith & Nephew, Abbott, B. Braun Melsungen AG, Zimmer Biomet, and Teleflex Incorporated among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.