Global Bariatric Surgery Market Forecast 2024-2032

Global Bariatric Surgery Market Forecast 2024-2032

KEY FINDINGS

The global bariatric surgery market is evaluated to record a CAGR of 5.65% during the forecast period, 2024-2032. The market growth is attributed to the increasing availability and affordability of bariatric procedures, rising rates of obesity and associated health risks driving demand for weight loss procedures, and technological advances enabling safer and less invasive procedures.

MARKET INSIGHTS

Bariatric surgery, also known as weight loss surgery, is a medical procedure aimed at addressing obesity by reducing the size of the stomach or utilizing a gastric band. It serves as a crucial intervention for individuals who have struggled to achieve weight loss through other means. With the prevalence of obesity, Type 2 diabetes, and heart diseases on the rise, the demand for bariatric surgery continues to grow, particularly due to its demonstrated efficacy in improving conditions such as Type 2 diabetes mellitus.

Despite its effectiveness, one of the primary challenges facing the market is the lack of awareness surrounding bariatric surgical procedures, particularly in underdeveloped countries. However, in more developed regions, manufacturers face moderate competition, with well-established players dominating the global market.

The assisting device segment emerges as a key driver of market growth, boasting the largest revenue share and exhibiting the highest CAGR throughout the forecast period. This segment encompasses a range of devices designed to facilitate bariatric surgeries, underscoring its significance within the industry.

REGIONAL INSIGHTS

The global bariatric surgery market growth is analyzed based on the geographical segmentation of North America, Europe, Asia-Pacific, and Rest of World. As of 2023, North America holds the largest market share. The trend continues until the end of the forecast period, owing to the surging prevalence of obesity in the region.

COMPETITIVE INSIGHTS

The companies are competing to increase their market share by emphasizing R&D and innovations. Some of the leading firms operating in the market include Intuitive Surgical Inc, Apollo Endosurgery Inc, Olympus Corporation, Medtronic PLC, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

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