Bariatric Surgery Devices Market by Device (Gastric Balloon, Gastric Band, Surgical Stapler), Procedure (Adjustable Gastric Banding, Biliopancreatic Diversion with Duodenal Switch, Gastric Bypass), End User - Global Forecast 2024-2030

Bariatric Surgery Devices Market by Device (Gastric Balloon, Gastric Band, Surgical Stapler), Procedure (Adjustable Gastric Banding, Biliopancreatic Diversion with Duodenal Switch, Gastric Bypass), End User - Global Forecast 2024-2030

The Bariatric Surgery Devices Market size was estimated at USD 1.98 billion in 2023 and expected to reach USD 2.13 billion in 2024, at a CAGR 7.61% to reach USD 3.32 billion by 2030.

The bariatric surgery devices market comprises medical devices used in weight loss surgeries, which are performed on patients with obesity. Bariatric surgeries are typically considered when other weight loss methods, such as dieting, exercise, and medication, have not been successful. These devices include gastric bands, gastric bypass devices, gastric balloons, sleeve gastrectomy devices, and other related surgical instruments. The rising incidence of comorbid conditions associated with obesity, such as diabetes, hypertension, and cardiovascular diseases, significantly increases the need for bariatric surgery as an effective treatment approach. However, the high cost of bariatric surgery and concerns over the long-term effectiveness and potential complications of the procedures may dissuade patients from opting for surgery. Additionally, stringent regulatory frameworks and the need for rigorous clinical trials to prove the efficacy and safety of new devices can delay their introduction to the market. Furthermore, the market for bariatric surgery devices presents opportunities, including the development of minimally invasive and non-invasive surgical devices that reduce patient recovery time and risk of complications. Innovation in device technology, such as smart implants with monitoring capabilities, and expanding insurance coverage for bariatric procedures offer new growth prospects for market players.

Regional Insights

In the Americas, particularly the United States and Canada, obesity rates have continued to rise, making bariatric surgery a crucial option for weight loss. Market research indicates that both consumer needs and purchasing behaviors are heavily influenced by the prevalence of obesity-related disorders, healthcare policies that influence insurance coverage for such surgeries, and increased awareness about bariatric procedures. European Union (EU) countries exhibit a growing need for bariatric surgery, driven by rising obesity rates and increased acceptance of surgical interventions. Within the EU, countries exhibit different levels of market maturity, affected by healthcare system structures, reimbursement policies, and cultural attitudes towards obesity surgery. In the Middle East, countries such as Saudi Arabia and the United Arab Emirates demonstrate an increasing need for bariatric surgery devices fueled by a high prevalence of obesity and diabetes. Societal focus on aesthetics and lifestyle improvements contribute to the demand for various surgical procedures, including bariatric surgeries. In APAC, the aging population and shifting dietary patterns contribute to growing obesity rates, which, in turn, fuel the bariatric surgery devices market. Moreover, government initiatives in the region aim to improve access to bariatric surgery among more significant parts of the population, indicating potential market expansion.

Market Insights

• Market Dynamics
  
  The market dynamics represent an ever-changing landscape of the Bariatric Surgery Devices Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
  • Market Drivers
    • Rising Availability and Preference for Minimally Invasive Techniques
    • Increasing Obesity and Overweight among Population
    • Favorable Government Expenditure for Bariatric Surgery from Developed Economies
    • Market Restraints
      • Lack of Trained Professionals in Developing Regions
      • Market Opportunities
        • Emerging Technological Advancements in Bariatric Surgery Devices
        • Increasing Reimbursement Coverage and Sponsored Bariatric Surgeries
        • Market Challenges
          • Strict Regulatory Guidelines and High Cost of the Devices
          • Market Segmentation Analysis
            • Device: Growing preference towards gastric balloons in minimally invasive bariatric surgery
            • Procedure: Rising trends towards non-invasive bariatric surgery
            • End User: Rising demand for bariatric surgery devices from hospitals due to the complexity and range of procedures performed
            • Market Disruption Analysis
            • Porter’s Five Forces Analysis
            • Value Chain & Critical Path Analysis
            • Pricing Analysis
            • Technology Analysis
            • Patent Analysis
            • Trade Analysis
            • Regulatory Framework Analysis
            FPNV Positioning Matrix
            
            The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Bariatric Surgery Devices Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
            
            Market Share Analysis
            
            The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Bariatric Surgery Devices Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
            
            Recent Developments
            • ReShape Lifesciences Receives FDA PMA Supplement Approval for its Next-Generation Lap-Band 2.0 FLEX
              
              ReShape Lifesciences, a developer of minimally invasive medical devices to treat obesity and metabolic diseases, has received FDA PMA supplement approval for its ReShape Vest System outside the United States. This vital endorsement marks a significant milestone for the company, enabling it to provide an innovative surgical option to people struggling with obesity beyond US borders. The ReShape Vest, an adjustable gastric device, facilitates weight loss in patients without permanently altering their anatomy.
              
              Medtronic will Distribute Allurion’s Swallowable Weight-Loss Balloon
              
              Medtronic unveils plans to procure innovative non-surgical weight loss technologies from Allurion Technologies. Allurion has distinguished itself in the obesity treatment landscape with its novel, ingestible gastric balloon that promises patients weight loss without invasive surgery. Medtronic's strategic move aims to integrate Allurion's breakthrough product into its already diverse portfolio, reinforcing its presence in the bariatric sector and offering comprehensive solutions to tackle obesity.
              
              AdventHealth Redmond Launches New Metabolic and Bariatric Surgery Program
              
              AdventHealth Redmond announced the initiation of a comprehensive Metabolic and Bariatric Surgery Program, highlighting their dedication to offering advanced healthcare services. This new initiative is poised to deliver a robust spectrum of treatments for individuals grappling with obesity, enhancing their overall health. The program integrates a multidisciplinary approach, encompassing pre-surgical counseling, sophisticated surgical procedures, and meticulous post-operative care.
            Strategy Analysis & Recommendation
            
            The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Bariatric Surgery Devices Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
            
            Key Company Profiles
            
            The report delves into recent significant developments in the Bariatric Surgery Devices Market, highlighting leading vendors and their innovative profiles. These include Abbott Laboratories, Allurion S.a.s., AMI GmbH, Apollo Endosurgery, Inc., Asensus Surgical, Inc., B. Braun SE, BIOTRONIK SE & Co KG, Boston Scientific Corporation, CONMED Corporation, Cousin Biotech, Edwards Lifesciences, Geyi Medical Instrument, GI Dynamics Inc., Grena Ltd., Integra LifeSciences Corporation, Intuitive Surgical Inc., Johnson & Johnson Private Limited, Mediflex Surgical Products, Medtronic PLC, Olympus Corporation, ReShape Lifesciences, Inc., Spatz FGIA, Inc., Standard Bariatrics, Inc., Stryker Corporation, USGI Medical Inc., and Zimmer Biomet Holdings, Inc..
            
            Market Segmentation & Coverage
            
            This research report categorizes the Bariatric Surgery Devices Market to forecast the revenues and analyze trends in each of the following sub-markets:
            • Device
              • Gastric Balloon
              • Gastric Band
              • Surgical Stapler
              • Sutures
              • Procedure
                • Adjustable Gastric Banding
                • Biliopancreatic Diversion with Duodenal Switch
                • Gastric Bypass
                • Mini-Gastric Bypass
                • Non-Invasive Bariatric Surgery
                • Revision Bariatric Surgery
                • Sleeve Gastrectomy
                • End User
                  • Ambulatory Surgery Centers
                  • Clinics
                  • Hospitals
                  • Region
                    • Americas
                      • Argentina
                      • Brazil
                      • Canada
                      • Mexico
                      • United States
                        • California
                        • Florida
                        • Illinois
                        • New York
                        • Ohio
                        • Pennsylvania
                        • Texas
                        • Asia-Pacific
                          • Australia
                          • China
                          • India
                          • Indonesia
                          • Japan
                          • Malaysia
                          • Philippines
                          • Singapore
                          • South Korea
                          • Taiwan
                          • Thailand
                          • Vietnam
                          • Europe, Middle East & Africa
                            • Denmark
                            • Egypt
                            • Finland
                            • France
                            • Germany
                            • Israel
                            • Italy
                            • Netherlands
                            • Nigeria
                            • Norway
                            • Poland
                            • Qatar
                            • Russia
                            • Saudi Arabia
                            • South Africa
                            • Spain
                            • Sweden
                            • Switzerland
                            • Turkey
                            • United Arab Emirates
                            • United Kingdom
                            
                            
                            Please Note: PDF & Excel + Online Access - 1 Year