Global Bariatric Surgery Devices Market Insights Forecasts to 2030

• The Bariatric Surgery Devices Market was valued at USD 2.5 Billion in 2021.
• The market is Growing at a CAGR of 6.5% from 2022 to 2030
• The Global Bariatric Surgery Devices Market is expected to reach USD 3.67 Billion by 2030
• Asia Pacific is expected to grow the fastest during the forecast period

The Global Bariatric Surgery Devices Market is expected to reach USD 3.67 Billion by 2030, at a CAGR of 3.67% during the forecast period 2022 to 2030.

Bariatric surgery is basically a weight loss surgery which is done on the gastrointestinal tract. Some of its procedures are gastric banding, gastric bypass, stomach shortening, and stomach stapling. The aim of doing these methods is to treat a comorbid conditions which is related to morbid obesity. Bariatric surgery devices help in modifying the gastrointestinal tract by stopping the amount of food which can be absorbed by the stomach and stopping the nutrients present in the food that can be absorbed by the intestinal tract. Bariatric surgery is completely safe as well as effective procedure for those who have severe obesity and some who are suffering from obesity related issues.

Impact of COVID 19 On Global Bariatric Surgery Devices Market

COVID 19 has significantly impacted the overall growth of Global Bariatric Surgery Devices Market owing to the postponement of elective surgeries over the pandemic period. For instance, as per the report published by World Economic Forum in 2020, around 28 million elective surgeries were performed across the world which got cancelled during the 12 weeks of peak pandemic disruption. Over the period of time, the circumstances came to normal, the demand for bariatric surgery devices and restrained the market growth in the COVID 19 pandemic. However, after the pandemic, the relaxation of restriction has boosted the patient influx which has increased the demand for bariatric surgery devices and is contributing the market growth.

Key Driving Factors

Growing obesity cases have boosted the market growth

The global bariatric surgery devices market is mainly driven by the increasing prevalence of obesity in adults as well as cutting edge robotic technologies which is driving the operational efficiency. The National Institute for Health and Care Excellence (NICE) recommended that bariatric surgery be considered earlier for persons with diabetes mellitus than lifestyle changes and medication. In the upcoming years, these innovations are anticipated to accelerate market expansion. Further expected drivers of market growth include expanding reimbursement coverage and sponsored bariatric procedures by regional governments of developed countries.

Key Challenging Factors

The implications happening post surgery such as gastric band slippage, internal bleeding, hernia, gastrointestinal ulcers, and small bowel obstruction act as key market restraints. Apart from this, the high cost related with surgical devices as well as strict regulatory scenarios in developed economies are anticipated to hamper the market growth.

Market Segmentation

Type Insights

The Minimally Invasive Surgical Devices segment registers the highest CAGR over the forecast period

On the basis of type, the global bariatric surgical devices market is segmented into minimally invasive surgical devices, stapling devices, energy/ vessel sealing devices, suturing devices, accessories, non invasive surgical devices. Among these, the minimally invasive surgical devices segment registers the highest CAGR over the forecast period. The growth is attributed to the rising cases of obesity across the world, the need for minimal trauma and discomfort, and the demand for fewer scars and incisions which are driving the segmental growth of the market.

Procedure Insights

The Sleeve Gastrectomy segment holds the largest market share over the forecast period

Based on the procedure, the global bariatric surgical devices market is segmented into sleeve gastrectomy, gastric bypass, revision bariatric surgery, non invasive bariatric surgery, adjustable gastric banding, mini gastric bypass, biliopancreatic diversion with duodenal switch. Among these, the sleeve gastrectomy segment holds the largest market share over the forecast period owing to the incision-less surgery which was recently approved by the FDA. Incision-less surgery have witnessed various developed since past few years.

Regional Insights

North America is dominating the market with the largest market share over the forecast period

North America is dominating the market with the largest market share over the forecast period due to the increasing number of bariatric surgeries and the strong presence of the key market players. For instance, bariatric surgeries that were insured by Medicare for the people having BMI 40 and above was revised and decreased to 30 and more. This change has provided immense benefits to lots of people who were obese and could not afford the high cost associated with surgeons, surgeries, and hospital costs.

Asia Pacific, on the other hand is witnessing the fastest market growth over the forecast period due to the increasing number of people who are suffering from obesity as well as increasing medical tourism due to surgery that were done at lower prices. Many industry players have established various research facilities in India in order to study the obesity related factors. For instance, Covidien has launched a new research facility in Hyderabad to study the factors associated to obesity in India.

Recent Market Developments

• In June 2021, Standard Bariatrics, Inc. which is based in Cincinnati has launched Titan SGS which is a first device that provides surgeons performing sleeve gastrectomy.

List of Key Companies

• Asenus Surgical US, Inc.
• B Braun Melsungen AG
• Cousin Surgery
• Johnson & Johnson
• Olympus Corporation
• Richard Wolf GmbH
• SPATZ FIGA, Inc.
• Teleflex Incorporated
• USGI Medical, Inc.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2019 to 2030. Spherical Insights has segmented the global Bariatric Surgery Devices Market based on the below-mentioned segments:

Bariatric Surgery Devices Market, Type Analysis

• Minimally Invasive Surgical Devices
• Stapling Devices
• Energy/ Vessel Sealing Devices
• Suturing Devices
• Accessories
• Non-invasive Surgical Devices

Bariatric Surgery Devices Market, Procedure Analysis

• Sleeve Gastrectomy
• Gastric Bypass
• Revision Bariatric Surgery
• Non-invasive Bariatric Surgery
• Adjustable Gastric Banding
• Mini-gastric Bypass
• Biliopancreatric Diversion with Duodenal Switch

Bariatric Surgery Devices Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa