Bariatric Surgery Market Statistics, Trends Analysis, And Forecast 2032

Bariatric Surgery Market: Industry Perspective

The global bariatric surgery market size was worth around USD 1.98 billion in 2023 and is predicted to grow to around USD 3.52 billion by 2032 with a compound annual growth rate (CAGR) of roughly 6.6% between 2024 and 2032. The report analyzes the global bariatric surgery market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the bariatric surgery industry.

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Bariatric Surgery Market: Overview

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. 

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Bariatric Surgery Market: Segmentation Analysis

The study provides a decisive view on the bariatric surgery market by segmenting the market based on device type, procedure, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

By device type, the market is segmented into assisting devices and implantable devices. The assisting devices segment is further classified into suturing devices, closure devices, a stapling device, trocars, clip appliers, and others. The implantable devices segment is sub-segmented into gastric bands, electrical stimulation devices, gastric balloons, and gastric emptying.

Based on the procedure, the global bariatric surgery 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.

Bariatric Surgery Market: Report Scope

Bariatric Surgery Market: Regional Analysis

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 2023. 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 the adult population. Moreover, obesity-related disorders such as heart disease, 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, the rise in the obese population, and robust healthcare infrastructure. Europe held the second largest market share in 2023, 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 a significant CAGR by the end of 2032.  Enhanced government support, changing lifestyles, growing obesity, and high unmet medical needs in the Asia Pacific region are expected to drive the regional market growth from 2024 to 2032.

Bariatric Surgery Market: Competitive Analysis

Some of the major players in the global bariatric surgery market include:

• Ethicon
• Medtronic
• Intuitive Surgical
• Apollo Endosurgery
• Reshape Lifesciences
• Olympus Corporation of the Americas
• Aspire Bariatrics
• SpatzFgia
• Mediflex Surgical Products
• Cousin Biotech
• Covidien Plc
• TransEnterix, Inc.

The global bariatric surgery market is segmented as follows;

Global Bariatric Surgery Market: Devices Type Segment Analysis

• Assisting Devices
  • Suturing Device
  • Closure Device
  • Stapling Device
  • Trocars
  • Clip Appliers
  • Others
• Implantable Devices 
  • Gastric Bands
  • Electrical Stimulation Devices
  • Gastric Balloons
  • Gastric Emptyingns

Global Bariatric Surgery Market: Procedure Segment Analysis

• Sleeve Gastrectomy
• Gastric Bypass
• Revision Bariatric Surgery
• Non-Invasive Bariatric Surgery
• Adjustable Gastric Banding
• Mini-Gastric Bypass
• Biliopancreatic Diversion with Duodenal Switch 

Global Bariatric Surgery Market: Regional Segment Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa