Bariatric Surgery Devices Market to reach US$ 3.09 Billion by the year 2032

The global bariatric surgery devices market stood at US$ 1.5 Billion in the year 2020 and is expected to reach US$ 3.09 Billion by the year 2032 at a CAGR of 6.2% between 2022 and 2032.

Obesity is known for causing serious mental, health, and psychological effects. Putting on weight could actually give the person concerned a tough time on mental grounds. This is the factor actually prompting the people to go for bariatric surgery. The CDC states that more than 40% of people could be categorized as ‘obese’.

At the same time, the fact that bariatric surgery devices are subject to numerous instances of product recalling. Also, these surgeries are costly. There is a lack of healthcare personnel performing bariatric surgeries. These factors may restrain the bariatric surgery devices market in the years to come.

Though minimally invasive or laparoscopic surgeries do offer several advantages like decreased pain, shorter stays in the hospitals, fewer complications regarding wound; there could be complications like GERD (gastroesophageal reflux disease), hernias, vomiting and chronic nausea, malnutrition, ulcers, severe dumping syndrome, and inflammatory bowel disease. This post-operative scenario may restrain the bariatric surgery devices market going forward.

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Sleeve gastrectomy holds more than 40% of the market share. This could be reasoned with benefits like effectiveness, minimal complications, affordability, and safety. As per the ASMBS (American Society for Metabolic and Bariatric Surgery), sleeve gastrectomy accounts for ~42% of the market share.

Future Market Insights has walked through these facts with insights in its latest market study entitled ‘bariatric Surgery Devices market’. The dedicated team of analysts and consultants is there to execute with its 360-degree approach throughout the primary, secondary, and tertiary modes of research.

“Growing awareness about the need to keep obesity in check to take the bariatric surgery devices by storm in the near future”, says an analyst from Future Market Insights.

Key Takeaways from Bariatric Surgery Devices Market

• North America holds the largest market share due to growing obese population. Also, research activities are being supported by the government of the US. Bariatric surgeries that were insured through Medicare included population having BMI of 40 and above. It has been brought down to 30 and above now. As such, a large section of population who couldn’t afford costly hospitalization could be covered now.
• Europe is led by Ireland. The WHO has submitted a report on European Modelling Obesity Project; which has mentioned about several interventions concerned with obesity, if not addressed on time.
• The Asia-Pacific is expected to grow at the fastest rate in the bariatric surgery devices market due to rising medical tourism. Many players are also extending research facilities in India for studying factors related to obesity.

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Competitive Doorstep

• Intuitive Surgical, Inc., in March 2020, did receive regulatory clearance all across Japan for marketing SynchroSeal instrument.
• Johnson & Johnson, in March 2021, did come up with ECHELON+ Stapler along with GST Reloads. It’s a powered surgical stapler designed for reducing complications in surgery by better formation and uniform tissue compression.
• Spatz Medical, in October 2021, did receive approval from the US FDA for its ‘Spatz3 gastric Balloon’. It’s the very first adjustable gastric balloon designed for helping adults in weight loss.
• Standard Bariatrics, Inc. is known for producing Titan SGS. It’s a device assisting surgeons in conducting sleeve gastrectomy. It holds the distinction of having the longest staple cutline of 23 centimeters in the industry.
• Intuitive Surgical opened its MEE Commercial Centre at Freiburg (Breisga) with enhancement in presence at the global level.
• Iterative Scopes (based out of the US) has its SKOUT (real-time computer-aided polyp detection device) that makes use of advanced computer vision technology for recognizing suspicious tissue and providing real-time feedback to the gastroenterologists.

What does the Report state?

• The research study is based on type (bariatric surgery and device-used), by procedure (gastric bypass surgery, sleeve gastrectomy surgery, gastric banding surgery, and likewise), and by device type (stapling devices, gastric bands, and gastric balloons).
• Growing preference for minimally invasive bariatric procedures as a way of non-invasive weight loss is bound to drive the bariatric surgery devices market in the near future.

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Key Segment:

By Type:

• Bariatric surgery
• Device used

By Procedure:

• Gastric Bypass Surgery
• Sleeve Gastrectomy Surgery
• Gastric Banding Surgery
• Others

By Device Type:

• Stapling Devices
• Gastric Bands
• Gastric Balloons

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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