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.
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.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: BARIATRIC SURGERIES MARKET, BY DEVICE
CHAPTER 5: BARIATRIC SURGERIES MARKET, BY PROCEDURE
CHAPTER 6: BARIATRIC SURGERIES MARKET, BY END USER
CHAPTER 7: BARIATRIC SURGERIES MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report titled, “Bariatric Surgeries Market," the bariatric surgeries market was valued at $1,643.81 million in 2021 and is projected to reach $3,116.48 million by 2031, growing at a CAGR of 6.6% from 2022 to 2031.Weight loss surgery, often known as bariatric surgery, is a medical procedure used to help morbidly obese people lose weight and improve their overall health. In order to reduce the amount of food that the body can absorb, the digestive tract is altered during surgery. There are several types of bariatric surgery, including gastric bypass, sleeve gastrectomy, adjustable gastric banding, and biliopancreatic diversion with duodenal switch. These surgeries can be performed using traditional open surgery or minimally invasive laparoscopic surgery, depending on the individual's needs and the surgeon's preferences.
Factors driving the growth of the bariatric surgery market include rising awareness about the health risks associated with obesity, increasing adoption of bariatric surgery as a treatment option for obesity, and advancements in surgical techniques and technologies. This can be attributed to a number of factors, including an increase in the prevalence of obesity and the number of people looking for effective, long-term weight management options. For an instance, according to the American Society for Metabolic and Bariatric Surgery, in 2021 198,651 bariatric surgeries are performed in the United States underwent a weight loss operation. In order to reduce how much food a person can eat or how many calories they can absorb, bariatric surgery includes making alterations to the digestive tract. Furthermore, the market for bariatric surgery is growing as awareness of health and fitness increases. Many people are using weight loss procedures to reach their health goals. The growing emphasis on health and wellness is due to a number of factors, including the growth in obesity and related diseases.
In addition increased incidence of obesity around the world is one of the main causes influencing the rise in awareness of bariatric procedures. The health hazards associated with being overweight or obese increase as more people experience these disorders, increasing interest in bariatric surgery. Also, the success rate of procedures is increasing, which rises awareness of bariatric surgery. However, one of the key problems restraining the growth of the bariatric surgery market is the high cost of treatment, which can be a significant barrier to access for many people. The high cost of surgery is a result of several variables, including the cost of the procedure, pre-operative diagnostics, hospital stays, and post-operative care.
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).
The key players profiled in the study include 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. The players in the market have been actively engaged in the adoption various strategies such as players have adopted acquisition, agreement, product approval and product launch as key developmental strategies to improve the product portfolio of the bariatric surgery market. For instance, In February 2023, Teleflex Incorporated, announced it was awarded a group purchasing organization (GPO) agreement with Premier, Inc. for the Titan SGS powered stapling device, expanding access to this innovative technology for surgeons affiliated with Premier.
In September 2022, Teleflex Incorporated, announced that it has completed the previously announced acquisition of Standard Bariatrics, Inc., which has commercialized an innovative powered stapling technology for bariatric surgery.
Key Market Insights
- By device, the assisting devices segment was the highest revenue contributor to the market and is estimated to reach $1,655.35 million by 2031, with a fastest rate at a CAGR of 7.1%.
- By procedure, the sleeve gastrectomy segment dominated the global market. However, the gastric bypass segment is expected to be the fastest-growing segment with a CAGR of 7.7% during the forecast period.
- Based on end users, hospitals segment accounted for largest share in 2021 and is expected to register highest CAGR of 7.0% during the forecast period.
- Based on age, the adults segment dominated the market in 2021, and the pediatrics segment is anticipated to grow at a fastest rate during the forecast period.
- Based on region, North America garnered the largest revenue share in 2021, whereas Asia-Pacific is anticipated to grow at the highest CAGR of 8.8% during the forecast period
Companies Mentioned
- 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.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 299 |
| Published | February 2023 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 1643.81 million |
| Forecasted Market Value ( USD | $ 3116.48 million |
| Compound Annual Growth Rate | 6.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
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