Australia Bariatric Surgery Market - Growth, Trends, and Forecast (2020 - 2025)

The major factors contributing to the growth of the bariatric surgery market include increase in obesity among people, rising burden of diabetes and heart diseases and rapid advancements and innovations in the devices. Overweight and obesity is a major public health issue and a leading risk factor for ill-health in Australia. According to Australian Institute of Health and Welfare (AIHW), around 2 in 3 (67%) adults were overweight or obese in 2017–18, out of which 36% were overweight but not obese and 31% were obese. Being overweight or obese is associated with an increased risk of a number of common diseases and causes of premature death, including diabetes and cardiovascular disease. Hence, as the prevalence of obesity is increasing, the bariatric surgeries will also rise, which is expected to propel the market growth.

Key Market Trends

Closure Device Segment is Expected to Show Better Growth in the Forecast Years

Based on Assisting Devices, the market is segmented into Suturing Device, Closure Device, Stapling Device, Trocars and Other Assisting Devices. Closure devices are expected to register high growth, as they are widely used in minimally invasive surgeries that require immediate closure of very small incisions made at the time of surgical procedures. The number of minimally invasive surgical procedures is rising each year and this is helping the market to grow. Closure devices are used for reconnecting tissues during surgical procedures and for closing incisions made by trocars. The laparoscopic port closure device successfully closes port sites in obese patients undergoing bariatric procedures and surgeries. Therefore, the rising number of laparoscopic procedures, along with rising obese population is expected to drive the market in the forecast period.

Competitive Landscape

The Australia bariatric surgery market is moderately competitive and consists of several major players. With the rising patient awareness and increasing obese population, few other smaller players are also expected to enter the market in the coming years. The major players into the Australia bariatric surgery market are Apollo Endosurgery Inc., B. Braun Melsungen AG, Conmed Corporation, Intuitive Surgical Inc., Johnson and Johnson, Medtronic PLC, Olympus Corporation and The Cooper Companies, Inc.

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