The Global Bariatric Surgery Market valued at USD 2,400.6 million in 2020 and it is projected to grow at a CAGR of 9.5% during the forecast period. Bariatric surgery, also termed weight loss surgery is mainly used as one of the key treatment methods for obesity. In this method, the size of the stomach is reduced using a gastric band or removing some part of the stomach. Gastric bypass, adjustable gastric band, sleeve gastrectomy, and biliopancreatic diversion with a duodenal switch are extensively used equipment in bariatric techniques.
Body Mass Index (BMI) plays a key role in determining whether a person is obese. People with BMI above 40 mostly are recommended for bariatric surgery. It can be mainly used to improve the health of patients with obesity, thereby decreasing the risk of life-threatening diseases. Obesity is a major health problem that has surged the demand for gastric bypass worldwide.
Cardiovascular disease and diabetes are the foremost diseases found to be prevalent among the obese population. The increasing number of patients, integration of new technologies in bariatric surgery, and increasing demand for minimally invasive surgical techniques are the major drivers for the bariatric surgery market growth during the forecast period.
Increasing demand for weight loss procedures and increasing occurrence of obesity are the key factors contributing to market growth. Additionally, the popularity of bariatric surgery for weight loss is growing in emerging nations worldwide, driving the bariatric surgery market growth.
The major factors attributing to the bariatric surgery market growth are, a rising prevalence rate of Type 2 diabetes, and upsurge in obesity among people. As per the International Diabetes Federation’s (IDF) Diabetes Atlas Ninth edition 2019, around 463 million adults were presently living with diabetes globally. This is driven by poor diets, lack of physical activity, and urbanization. Among all the republics, the United States has the largest percentage of young adults and obese children, which is around 13%. As the occurrence of obesity is increasing globally, the increasing number of bariatric surgeries are expected to drive the bariatric surgery market growth.
However, factors such as lack of primary care providers regarding the efficacy of the surgery, lack of faith among patients, and fear of related risks of surgery are expected to hinder the bariatric surgery market growth during the forecast period. However, an increase in acceptance of these surgeries in the developing markets offers lucrative opportunities for the bariatric surgery market in the forecast period.
Bariatric surgical devices are expected to record high growth as they are extensively used in the minimally invasive surgeries necessary for immediate closure of small incisions made during surgical process. The number of minimally invasive surgical procedures is increasing every year, which is expected to boost the bariatric surgery market growth.
Additionally, the QMI team has closely monitored the impact of COVID-19 on the global bariatric surgery market. The impact of COVID-19 has been more substantial in the case of bariatric procedures, which already have a complex and long vetting procedure. Patients in need of elective surgeries, like bariatric, were put on standby globally, leading to decreased demand for bariatric products and surgeries.
In countries, where elective surgeries were not put on hold due to COVID-19, customers opted to delay surgeries on account of fear of infection of the virus. Restrictions on social distancing guidelines for travel and fears and recommendations about COVID-19 spreading within healthcare services caused both providers and patients to cancel or delay all non-essential processes, including elective surgeries. This dropping demand caused a debilitating impact on the bariatric surgery market. For instance, in March 2020, Obalon Therapeutics suspended all new patient treatments at its Obalon-branded retail outlets. Most businesses have recorded lower sales in 2020, as compared to 2019.
TABLE 1: GLOBAL BARIATRIC SURGERY MARKET OVERALL SNAPSHOT
The global bariatric surgery market is segmented based on device, procedure, surgery, end user, and region.
FIGURE 1: GLOBAL BARIATRIC SURGERY MARKET SEGMENTATION
Global Bariatric Surgery Market, by Device
Based on devices, the bariatric surgery market is segmented into assisting devices, and implantable devices. Assisting devices segment is further sub-segmented into suturing device, closure device, stapling device, trocars, and others. The implantable devices segment is further sub-segmented into gastric bands, electrical stimulation devices, gastric balloon systems, and gastric emptying systems.
Among these device segments, the assisting devices segment is the fastest-growing segment in 2021 and is expected to remain the fastest-growing segment during the forecast period. The suturing device is a triangulation stage gathered in the stomach using an endoscope and permits large plication. Endoscopic sutured gastroplasty is a minimally invasive technique used to fill the gap between surgery and behavioral therapy. Endoscopic sutured gastroplasty is performed using a novel endoluminal suturing device, an effective and safe weight-loss technique in patients with BMI between 30–40.
Global Bariatric Surgery Market, by Procedure
Based on procedure, the bariatric surgery market is segmented into the adjustable gastric band, gastric sleeve surgery, gastric bypass, and biliopancreatic diversion with duodenal switch. The gastric bypass is the largest revenue-generating segment in 2021 and is expected to remain the largest market during the forecast period.
Gastric sleeve surgery is recommended for persons with having Body Mass Index (BMI) of at least 40. Some individuals are too heavy for gastric bypass surgery, so gastric sleeve surgery is a good substitute. This surgery is done as a minimally invasive bariatric surgery procedure across the worldwide and U.S.
Global Bariatric Surgery Market, by Surgery
Based on surgery, the bariatric surgery market is segmented into invasive surgery and non-invasive surgery. The non-invasive segment is the fastest-growing segment in 2021 and is anticipated to remain the fastest-growing segment during the forecast period. The segment growth can be attributed to the increasing occurrence of obesity across the world.
The demand for fewer scars and incisions and the necessity for minimal trauma and discomfort are the factors expected to propel the non-invasive weight-loss surgical equipment market during the forecast period.
Global Bariatric Surgery Market, by End User
Based on end user, the bariatric surgery market is segmented into bariatric surgery clinics, hospital, and ambulatory surgical centers. The hospital segment is the largest market in terms of revenue in 2021, and is expected to remain the largest market during the forecast period. The segment growth can be due to increasing demand for bariatric surgery devices in hospitals.
Global Bariatric Surgery Market, by Region
Based on region, the bariatric surgery market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and South America. Asia Pacific is the fastest-growing region in 2021 and is expected to remain the fastest-growing segment of the bariatric surgery market during the forecast period. The increasing initiatives in reducing obesity by the private and government organizations in the APAC nations like India and China are driving the acceptance of bariatric surgery in the region, driving the regional market growth. The presence of major market companies like Medtronic, J&J, and Allergan is increasing innovations and R&D investments in the region. This is expected to contribute to market growth during the forecast period.
The bariatric surgery market in the Middle East & Africa shows stable development, with United Arab Emirates (UAE) and Saudi Arabia being the major contributors to the market development. The growth of the bariatric surgery market and increasing focus on the healthcare segment are the key drivers for regional market growth. The African market shows optimistic development with demand for technologically progressive healthcare facilities.
TABLE 2: GLOBAL BARIATRIC SURGERY MARKET OVERVIEW
FIGURE 2: GLOBAL BARIATRIC SURGERY MARKET (USD MILLION), 2021-2030
Recent Developments in the Global Bariatric Surgery Market
- February 2021- Carrum Health extended options for weight loss surgery through collaboration with the Bariatric Center of Kansas City (BCKC). The partnership will assist to progress the quality of lives with enhanced access to high-quality bariatric surgery.
- August 2019- Sentinel Capital Partners, a private equity firm, announced acquisition of SSJA Bariatric Management, LLC., foremost provider of administrative support services to bariatric surgery offices in New York. The partnership would help SSJA increase the business geographically and cover its service offerings into other markets.
What Does This Report Provide?
This report provides a detailed understanding of the global bariatric surgery market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.
The major market drivers, challenges, and opportunities for the global bariatric market have been covered in the report. This report further includes the market shares of the leading companies operating in the global market and their production capacities and the growth strategies adopted by them.
- Assisting Devices
- Suturing Device
- Closure Device
- Stapling Device
- Implantable Devices
- Gastric Bands
- Electrical Stimulation Devices
- Gastric Balloon Systems
- Gastric Emptying Systems
- Adjustable Gastric Band
- Gastric Sleeve Surgery
- Gastric Bypass
- Biliopancreatic Diversion with Duodenal Switch
- Invasive Surgery
- Non-Invasive Surgery
By End User
- Bariatric Surgery Clinics
- Ambulatory Surgical Centers
North America Bariatric Surgery Market
- North America, by Country
- North America, by Device
- North America, by Procedure
- North America, by Surgery
- North America, by End User
Europe Bariatric Surgery Market
- Rest of Europe
- Europe, by Device
- Europe, by Procedure
- Europe, by Surgery
- Europe, by End User
Asia Pacific Bariatric Surgery Market
- South Korea
- Rest of Asia Pacific
- Asia Pacific, by Device
- Asia Pacific, by Procedure
- Asia Pacific, by Surgery
- Asia Pacific, by End User
Middle East and Africa Bariatric Surgery Market
- Middle East and Africa, by Country
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
- Middle East and Africa, by Device
- Middle East and Africa, by Procedure
- Middle East and Africa, by Surgery
- Middle East and Africa, by End User
South America Bariatric Surgery Market
- South America, by Country
- Rest of South America
- South America by Device
- South America, by Procedure
- South America, by Surgery
- South America, by End User
Major Companies: In this report, the major companies studied are: Ethicon US, LLC. (Johnson and Johnson), Medtronic Plc, B.Braun Melsungen AG, Olympus, Allergan Inc., Intuitive Surgical, Inc., Cook Medical, CONMED Corporation, Apollo Endosurgery, Inc., Cousin Biotech, Aspire Bariatrics Inc., and Intuitive Surgical Inc.
Objectives of this Report:
- To estimate the market size for the bariatric surgery market on a regional and global basis.
- To identify major segments in the bariatric surgery market and evaluate their market shares and demand.
- To provide a competitive scenario for the market with major developments observed by the key companies in the historic years.
- To evaluate the key factors governing the dynamics of the bariatric surgery market with their potential gravity during the forecast period.
- To evaluate the leading company-wise pricing analysis for the mentioned applications.
Key Questioned Answered in the Study:
- What are major growth drivers and market trends that are impacting the global bariatric surgery market?
- What is the market size both in terms of value and volume for the global bariatric surgery market?
- Who are the leading market players and who are the new market players that operate in the global market with an estimated market share?
- What are the future investment pockets and opportunities in the global bariatric surgery market?
- Major list of customers and potential futuristic customer list along with an estimated buying volume
- Impact of COVID-19 on the global bariatric surgery market
This study is customized to meet your specific requirements:
- By sub-segment
- By client-specific country, type, and application market analysis
- Pricing analysis along with the potential list of customers
- Product-specific competitive analysis