Bariatric Surgery Devices Market Size By Product (Minimally Invasive Surgical Devices [Stapling Devices, Energy/Vessel-sealing Devices, Suturing Devices], Non-invasive Surgical Devices), By Procedure (Sleeve Gastrectomy, Gastric Bypass, Revision Bariatric

Bariatric Surgery Devices Market Size By Product (Minimally Invasive Surgical Devices [Stapling Devices, Energy/Vessel-sealing Devices, Suturing Devices], Non-invasive Surgical Devices), By Procedure (Sleeve Gastrectomy, Gastric Bypass, Revision Bariatric Surgery, Non-invasive Bariatric Surgery, Adjustable Gastric Banding, Mini-gastric Bypass), COVID-19 Impact Analysis, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 - 2032

Bariatric Surgery Devices Market is poised to grow significantly through 2032, primarily owing to the increasing government funding for bariatric surgery, especially in developed countries. For instance, organizations such as the ASMBS (American Society for Metabolic and Bariatric Surgery) and the Weight Loss Surgery Foundation of America allow grants for weight loss surgeries and offer finances to research projects that are centered around bariatric surgery.

In addition, ongoing research the field of bariatric surgery is not only positively influencing the market expansion, but is also proving to be beneficial for patients worldwide. To cite an instance, in June 2022, the American Society for Metabolic and Bariatric Surgery researchers demonstrated that bariatric surgery has resulted in much lesser cases of gynecologic cancer, brain cancer, thyroid cancer, breast cancer, kidney cancer, and lung cancer.

Overall, the bariatric surgery devices market has been segmented in terms of product, procedure, and region.

In terms of product, bariatric surgery devices market is expected to be defined by the non-invasive surgical devices segment, which will witness substantial traction over the next ten years. The growth of the segment will be driven by the introduction and advancement of new surgical technologies, that have eventually led to the introduction of non-invasive surgical devices.

On the basis of procedure, the market is likely to be characterized by the sleeve gastrectomy segment, which contributed more than USD 537 million in terms of revenue in 2022. The segmental expansion will come from the increasing adoption of sleeve gastrectomy procedures. According to experts, sleeve gastrectomy boasts of advantages such as being effective for obesity-related health conditions and weight loss. Besides, as per the data from ASMBS, out of the total 198,651 bariatric surgeries that were performed in the U.S.A. in 2020, more than 60% were sleeve gastrectomy.

In the regional context, the North America region is slated to emerge as a revenue pocket for bariatric surgery devices industry. In 2022, the regional market held more than 35% market share and is anticipated to grow further through 2032. This can be credited to the increasing cases of obesity in the region.

According to reliable data, the percentage of the obese population in the U.S.A has drastically increased from 30.5% in 2000 to 41.9% in 2020. Besides, there is an increasing demand for bariatric surgery for weight management in North America, which coupled with rising awareness about obesity management will also fuel the market demand.