The report covers forecast and analysis for the obesity surgery devices market on a global and regional level. The study provides historic data from 2016 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion). The study includes drivers and restraints for the obesity surgery devices market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities and various trends in the obesity surgery devices market on a global level.
As per the report, the global demand for obesity surgery devices market was valued at approximately USD 1.96 billion in 2018 and is expected to generate revenue of around USD 3.71 billion by end of 2025, growing at a CAGR of around 9.6% between 2019 and 2025.
Worldwide demand for obesity surgery devices is growing at a noticeable rate. Global demand for obesity surgery devices is expected to be mainly driven by the surge in number of obese population. Additionally, increasing preference for minimally invasive surgeries, increasing awareness regarding obesity-related disorders such as diabetes, cardiovascular diseases, increasing healthcare expenditure, and growth in the number of bariatric surgery procedures, etc. are expected to be major factors attributing to the growth of obesity surgery devices market. However, product recalls for obesity surgery devices and high cost of surgery may act as a restraint for obesity surgery devices market growth. Emerging countries are expected to bring new growth opportunities for obesity surgery devices manufacturers.
Based on surgery procedure, market is segmented into gastric banding surgery, gastric bypass surgery, sleeve gastrectomy surgery, and other procedures. Among the surgery procedure segment, sleeve gastrectomy surgery segment held the largest market share in 2018 and is expected to register the highest CAGR over the forecast period. Sleeve gastrectomy surgery is minimally invasive surgery in which a small portion of stomach is removed to reduce the size of stomach in obese people. High success rates, effectiveness, and lesser long term complications are factors driving the demand for sleeve gastrectomy surgery segment.
Based on device type, market is segmented into clip appliers, adjustable gastric bands, surgical staples, trocars, intragastric balloons, and others. Adjustable gastric bands segment held the largest market share in 2018. Increasing obese population and increasing prevalence of obesity-related disorders such as diabetes, cardiovascular diseases, etc. drive the demand for adjustable gastric bands.
North America dominated the global obesity surgery devices market in 2018 and accounted for almost 40% market share of the overall global market. North America region is estimated to lead the market during the forecast period. The U.S. represents the major country-level market in North America as well as global obesity surgery devices market. Growth in the number of obese population owing to changing eating and lifestyle habits, sedentary lifestyle, lack of physical activity, genetic factors along with surge in obesity-related chronic disorders such as cardiovascular diseases, diabetes, etc. drives the demand for obesity surgery devices in North America. Europe was the second dominant obesity surgery devices market in 2018 globally. Increasing prevalence of diabetes and cardiovascular diseases in obese population is the major factor driving the demand for obesity surgery devices in Europe. Asia Pacific is projected to register the highest CAGR over the forecast period. This rapid growth is attributable to increasing awareness about obesity and obesity-related disorders.
Some of the key players in obesity surgery devices market include Medtronic, Olympus Corporation of the Americas, Reshape Lifesciences, Ethicon (Subsidiary of Johnson & Johnson), Allergan, Inc., EnteroMedics, Inc., Mediflex Surgical Products, Aspire Bariatrics, Spatz Fgia and Cousin Biotech among others.
Global Obesity Surgery Devices Market: Product Type Segment Analysis
- Combined Scanning Device
- Ultrasound Biomicroscope
Global Obesity Surgery Devices Market: Modality Segment Analysis
Global Obesity Surgery Devices Market: End-User Segment Analysis
- Ophthalmology Clinics
- Ambulatory Surgical Centre
- Eye Research Institutes
Global Obesity Surgery Devices Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa