The latest report by IMARC Group, titled “Bariatric Surgery Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, 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.
Bariatric surgery devices play a pivotal role in weight loss procedures for individuals with severe obesity. These specialized medical tools assist surgeons in achieving precise, safe, and effective outcomes. Designed for surgical manipulation, tissue modification, and patient monitoring, they are essential for successful bariatric surgeries. Each device serves a distinct purpose and undergoes rigorous testing to ensure safety, efficacy, and compatibility. Developed collaboratively with healthcare professionals, they leverage advancements in medical technology to enhance outcomes and patient well-being. Only trained surgeons in authorized facilities should utilize these devices, with selection based on factors such as patient needs and surgical technique. Their increasing adoption globally highlights their importance in reducing severe health risks for overweight individuals.
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Bariatric Surgery Devices Market Report Trends and Drivers:
The global bariatric surgery devices market is primarily driven by the rising prevalence of obesity and related health conditions. Moreover, the growing awareness about the health risks associated with obesity and the limited efficacy of non-surgical weight loss methods are driving individuals to opt for surgical interventions, thereby augmenting the product demand. Apart from this, numerous technological advancements in bariatric surgery devices, such as the development of minimally invasive surgical techniques and innovative devices, including laparoscopic instruments, staplers, and adjustable gastric bands that improve surgical outcomes, reduce complications, and enhance patient safety, are propelling the market growth. Besides this, the rising insurance coverage for bariatric surgeries is making these procedures more affordable and accessible to a larger patient population, thereby accelerating the product adoption rate. Additionally, the increasing investment in research and development (R&D) activities by key players and the introduction of more advanced and efficient products have catalyzed the market growth. Furthermore, surgeons and patients seek devices that offer durable weight loss, minimize post-operative complications, and provide better quality-of-life benefits. In line with this, the heightening focus on patient outcomes, quality of life improvement, and long-term weight management is contributing to the market growth.
Report 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
Competitive Landscape with Key Player:
- Apollo 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.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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