Bariatric Surgeries Market By Device (Assisting Devices, Implantable Devices, Others), By Procedure (Sleeve Gastrectomy, Gastric Bypass, Others), By End User (Hospitals, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global bariatric surgery market was valued at $1,643.81 million in 2021 and is projected to reach $3,116.48 million by 2031, registering a CAGR of 6.6% from 2022 to 2031. Bariatric surgery, also known as weight loss surgery, is a surgical procedure that is designed to help individuals, who are severely obese, lose weight and improve their overall health. Several types of bariatric surgery are there such as gastric bypass, sleeve gastrectomy, and adjustable gastric banding.
The major factors driving the growth of bariatric surgery market are increase in prevalence of obesity and technological advancements in bariatric surgery. For instance, according to a report of World Health Organization (WHO) European Regional Obesity Report 2022, one in three children suffer obesity or is overweight. In addition, due to rise in awareness about health risks associated with obesity, the demand for bariatric surgeries has increased as more people are seeking treatment for the condition.
However, high cost of treatment restrains the growth of bariatric surgery market. Conversely rise in awareness about bariatric surgery is a lucrative opportunity for the market growth during the forecast period.
The bariatric surgeries market is segmented into device, procedure, end user, and region. By device, the market is categorized into assisting devices, implantable devices, and others. On the basis of procedure, the market is segregated into sleeve gastrectomy, gastric bypass, and others. On the basis of end user, the market is bifurcated into hospitals and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Major key players that operate in the global bariatric surgery market are Asenus Surgical US, Inc., B Braun Melsungen AG, Cousin Surgery, Johnson & Johnson, Olympus Corporation, Richard Wolf GmbH, SPATZ FIGA, Inc., Teleflex Incorporated, and USGI Medical, Inc.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the bariatric surgeries market analysis from 2021 to 2031 to identify the prevailing bariatric surgeries market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the bariatric surgeries market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global bariatric surgeries market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Device
Assisting Devices
Type
Stapling Devices
Suturing Devices
Others
Implantable Devices
Type
Gastric Balloon
Gastric Band
Others
Others
By Procedure
Sleeve Gastrectomy
Gastric Bypass
Others
By End User
Hospitals
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Johnson & Johnson
SPATZ FIGA, Inc.
B Braun Melsungen AG
Medtronic plc
Teleflex Incorporated
Richard Wolf GmbH
Olympus Corporation
USGI Medical, Inc
Cousin Surgery
Asensus Surgical US, Inc.
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