Bariatric Surgery Devices Market Share, Industry Growth Analysis, Revenue, Size, Report 2024-2032

IMARC Group's report titled "Bariatric Surgery Devices Market Report by Procedure Type (Minimally Invasive Surgical Procedures, Non-Invasive Surgical Procedures), Device Type (Assisting Devices, Implantable Devices), Procedure (Sleeve Gastrectomy, Adjustable Gastric Banding, Roux-en-Y Gastric Bypass, Biliopancreatic Diversion with Duodenal Switch, and Others), Application (Weight Loss, Hereditary Disease, and Other Disorders), End-User (Bariatric Surgery Clinics, Hospitals, and Others), and Region 2024-2032". The global bariatric surgery devices market size reached USD 2.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 4.4 Billion by 2032, exhibiting a growth rate (CAGR) of 4.6% during 2024-2032.

Factors Affecting the Growth of the Bariatric Surgery Devices Industry:

• Increasing Prevalence of Obesity and Related Health Conditions

The growth of the bariatric surgery devices industry is significantly driven by the rising prevalence of obesity and associated health conditions such as type 2 diabetes, cardiovascular diseases, and hypertension. As the global obesity epidemic continues to escalate, more individuals are seeking effective long-term solutions for weight management. Bariatric surgery, recognized for its efficacy in substantial weight loss and improvement of obesity-related comorbidities, is becoming increasingly popular. This surge in demand for bariatric procedures is propelling the need for advanced surgical devices that enhance the safety, efficiency, and outcomes of these operations. Consequently, manufacturers are investing in the development of innovative devices and technologies to meet the growing demand and improve patient care.

• Technological Advancements and Product Innovations

Technological advancements and product innovations are crucial factors driving the growth of the bariatric surgery devices industry. Innovations such as minimally invasive surgical techniques, including laparoscopic and robotic-assisted procedures, have revolutionized bariatric surgery by reducing recovery times, minimizing complications, and improving overall surgical outcomes. Additionally, the development of novel devices, such as advanced stapling systems, adjustable gastric bands, and intragastric balloons, has expanded the range of surgical options available to patients. Continuous research and development efforts aimed at enhancing the precision, safety, and efficacy of bariatric surgery devices are expected to further stimulate market growth. These advancements improve patient satisfaction and attract more individuals to opt for surgical weight-loss solutions.

• Favorable Reimbursement Policies and Increasing Healthcare Expenditure

Favorable reimbursement policies and increasing healthcare expenditure are significant factors influencing the growth of the bariatric surgery devices industry. Many developed countries have implemented policies that provide partial or full coverage for bariatric procedures, making these surgeries more accessible to a broader population. This financial support reduces the out-of-pocket expenses for patients, encouraging them to consider surgical interventions for obesity management. Additionally, the growing investment in healthcare infrastructure, particularly in emerging economies, is enhancing the availability and quality of bariatric surgical services. Government initiatives aimed at combating obesity and promoting healthier lifestyles play a pivotal role in driving the demand for bariatric surgery devices, as they support public awareness and acceptance of surgical treatments for obesity.

Leading Companies Operating in the Global Bariatric Surgery Devices Industry:

•  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

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/bariatric-surgery-devices-market/requestsample

Bariatric Surgery Devices Market Report Segmentation:

By Procedure Type:

• Minimally Invasive Surgical Procedures
• Non-Invasive Surgical Procedures

Minimally invasive surgical procedures dominate the market due to their reduced recovery times, lower complication rates, and improved patient outcomes than traditional open surgeries.

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

Assisting devices account for the largest market share as they are essential in enhancing the precision and safety of bariatric surgeries, facilitating better surgical performance and patient care.

By Procedure:

• Sleeve Gastrectomy
• Adjustable Gastric Banding
• Roux-en-Y Gastric Bypass
• Biliopancreatic Diversion with Duodenal Switch
• Others

Roux-en-Y gastric bypass represents the largest segment as it is highly effective in achieving significant weight loss and improving obesity-related comorbidities, making it a preferred choice among surgeons and patients.

By Application:

• Weight Loss
• Hereditary Disease
• Other Disorders

Weight loss dominates this segment due to the primary objective of bariatric surgeries being substantial and sustained weight reduction in individuals with severe obesity.

By End User:

• Bariatric Surgery Clinics
• Hospitals
• Others

Bariatric surgery clinics hold the largest share as they specialize in providing comprehensive bariatric care, offering a wide range of surgical options and post-operative support services.

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

Global Bariatric Surgery Devices Market Trends:

The global bariatric surgery devices market is experiencing significant growth driven by rising obesity rates and advancements in minimally invasive surgical techniques. Innovations such as laparoscopic and robotic-assisted procedures are enhancing surgical outcomes and reducing recovery times, increasing their popularity among patients and healthcare providers. Additionally, the development of advanced devices like adjustable gastric bands and intragastric balloons is expanding the range of effective surgical options. Favorable reimbursement policies and increased healthcare spending, particularly in developed countries, are making bariatric surgery more accessible. Growing awareness about obesity-related health risks and the effectiveness of surgical interventions is further propelling market growth, as more individuals seek long-term weight management solutions.

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About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.