Bariatric Surgery Market by Devices Type (Assisting Devices and Implantable Devices) and by Procedure (Sleeve Gastrectomy, Gastric Bypass, Revision Bariatric Surgery, Non-Invasive Bariatric Surgery, Adjustable Gastric Banding, Mini-Gastric Bypass, and Biliopancreatic Diversion with Duodenal Switch): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018-2024

Global bariatric surgery market expected to generate revenue of around USD 3,518 million by end of 2024, growing at a CAGR of around 10.3% between 2019 and 2024. Bariatric surgery is generally the last option for patients who have failed in the attempt to lose weight with several other means.

07-Feb-2019 | Number of pages: 110 | Report Code: ZMR-3158 | Report Format : | Status : Published

Analysis

Bariatric surgery is also known as gastric bypass. It is one of the weight-loss surgeries that modify the digestive system in order to promote weight loss by limiting the intake capacity or by decreasing the nutrients absorption, or both. Bariatric surgery is usually done when serious health problems arise because of your weight or exercise and diet doesn’t work.

Growing prevalence of obese population is majorly fueling the demand for bariatric surgery market. Since 1975, the world obsese population has been nearly tripled. As per the WHO estimates, in 2016, 41 million children under the age of 5 were overweight or obese. It also stated that over 1.9 billion adults (the population 18 years and older) were overweight and among this adult population, over 650 million were obese. Moreover, rising healthcare expenditure and rapidly altering lifestyle habits and excessive consumption of calories is anticipated to drive the bariatric surgery market growth. Furthermore, the escalating awareness about overweight and health issues will significantly boost the bariatric surgery market during the forecast period. However, the high cost of surgery will hamper the bariatric surgery market growth during the forecast period. 

Global Bariatric Surgery Market

The global bariatric surgery market is segmented on the basis of devices type, procedure, and by region. By devices, the bariatric surgery market is segmented into implantable devices and assisting devices. The assisting devices segment is further classified into trocars, suturing device, clip appliers, stapling device, closure device, and others. The implantable devices segment is sub-segmented into gastric balloons, electrical stimulation devices, gastric bands, and gastric emptying. Among them, the implantable devices segment is anticipated to grow at the highest CAGR. Based on procedure, the global bariatric surgery market is segmented into gastric bypass, non-invasive bariatric surgery, revision bariatric surgery, mini-gastric bypass sleeve gastrectomy, adjustable gastric banding, and biliopancreatic diversion with duodenal switch.

Based on geographical regions, the global bariatric surgery market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Amongst them, North America held a major share of the global bariatric surgery market in 2017. Moreover, the North American region is projected to maintain its regional dominance over the forecast period. In 2016, the prevalence of obesity in the U.S. was 39.8% and affected about 93.3 million of adult population. Moreover, the obesity-related disorders such as heart diseases, diabetes, stroke, and others have also increased in the region. The growth of this regional market is attributed to the large number of bariatric surgeries in the region, rise in the obese population, and robust healthcare infrastructure. Europe held the second largest market share in 2017, owing to the high obesity prevalence and high awareness among the population regarding bariatric surgeries coupled with supportive government regulations. The Asia Pacific market is anticipated to grow at the significant CAGR by the end of 2024.  Enhanced government support, changing lifestyles, growing obesity, and high unmet medical needs in Asia Pacific region are expected to drive the regional market growth during 2019 to 2024.

Some of the key players in the bariatric surgery market are Ethicon, Medtronic, Intuitive Surgical, Apollo Endosurgery, Reshape Lifesciences, Olympus Corporation of the Americas, Aspire Bariatrics, SpatzFgia, Mediflex Surgical Products, Cousin Biotech, Covidien Plc, and TransEnterix, Inc., among others.


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