Bariatric Surgery Devices Market 2024-2032: Global Industry Analysis, Share, Size, Growth and Forecast
IMARC Group's report titled "Bariatric Surgery Devices Market Report by Procedure Type (Minimally Invasive Surgical Procedures, Non-Invasive Surgical Procedures), Device Type (Assisting Devices, Implantable Devices), Procedure (Sleeve Gastrectomy, Adjustable Gastric Banding, Roux-en-Y Gastric Bypass, Biliopancreatic Diversion with Duodenal Switch, and Others), Application (Weight Loss, Hereditary Disease, and Other Disorders), End-User (Bariatric Surgery Clinics, Hospitals, and Others), and Region 2024-2032". The global bariatric surgery devices market size reached USD 2.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 4.4 Billion by 2032, exhibiting a growth rate (CAGR) of 4.6% during 2024-2032.
Factors Affecting the Growth of the Bariatric Surgery Devices Industry:
- Increasing Prevalence of Obesity and Related Health Conditions
The increasing occurrence of obesity and related health issues like type 2 diabetes, heart diseases, and high blood pressure is a key factor fueling the expansion of bariatric surgery equipment sector. With the worldwide obesity crisis on the rise, more people are looking for effective, lasting ways to manage their weight. Bariatric surgery, known for its effectiveness in significant weight reduction and addressing obesity-related health conditions, is gaining popularity. This upsurge in demand for bariatric procedures is driving the necessity for advanced surgical tools that enhance the safety, effectiveness, and results of these surgeries. Consequently, manufacturers are investing in creating innovative devices and technologies to meet the increasing demand and enhance patient care.
- Technological Advancements and Product Innovations
The bariatric surgery devices market is propelled by breakthroughs in technology and innovative product designs. The introduction of such as laparoscopic and robotic-assisted procedures, has transformed the field of bening recovery periods, reducing risks, and enhancing overall results. Furthermore, the creation of new devices, including sophisticated stapling systems, adjustable gastric bands, and intragastric balloons, has broadened patients. Ongoing research and development aimed at refining the accuracy, safety, and effectiveness of bariatric surgery devices is anticipated to drive further market expansion. As a result, these advancements are expected to boost patient satisfaction and encourage more individuals to consider surgical weight-loss options.
- Favorable Reimbursement Policies and Increasing Healthcare Expenditure
Favorable reimbursement policies and increasing healthcare expenditure are significant factors influencing the growth of the bariatric surgery devices industry. Many developed countries have implemented policies that provide partial or full coverage for bariatric procedures, making these surgeries more accessible to a broader population. This financial support reduces the out-of-pocket expenses for patients, encouraging them to consider surgical interventions for obesity management. Additionally, the growing investment in healthcare infrastructure, particularly in emerging economies, is enhancing the availability and quality of bariatric surgical services. Government initiatives aimed at combating obesity and promoting healthier lifestyles play a pivotal role in driving the demand for bariatric surgery devices, as they support public awareness and acceptance of surgical treatments for obesity.
Leading Companies Operating in the Global Bariatric Surgery Devices Industry:
Apollo Endosurgery Inc.
GI Dynamics
Intuitive Surgical Inc.
Johnson & Johnson Services Inc.
Medtronic Inc.
Olympus Corporation
Reach Surgical Inc.
Reshape Lifesciences Inc.
Spatz Fgia Inc.
TransEnterix Inc.
USGI Medical Inc
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Bariatric Surgery Devices Market Report Segmentation:
By Procedure Type:
Minimally Invasive Surgical Procedures
Non-Invasive Surgical Procedures
Minimally invasive surgical procedures dominate the market due to their reduced recovery times, lower complication rates, and improved patient outcomes than traditional open surgeries.
By Device Type:
Assisting Devices
Stapling Devices
Energy Based Vessel Sealing Devices
Suturing Devices
Trocars
Clip Appliers
Others
Implantable Devices
Gastric Bands
Electrical Stimulators
Gastric Balloons
Transpyloric Shuttle
Others
Assisting devices account for the largest market share as they are essential in enhancing the precision and safety of bariatric surgeries, facilitating better surgical performance and patient care.
By Procedure:
Sleeve Gastrectomy
Adjustable Gastric Banding
Roux-en-Y Gastric Bypass
Biliopancreatic Diversion with Duodenal Switch
Others
Roux-en-Y gastric bypass represents the largest segment as it is highly effective in achieving significant weight loss and improving obesity-related comorbidities, making it a preferred choice among surgeons and patients.
By Application:
Weight Loss
Hereditary Disease
Other Disorders
Weight loss dominates this segment due to the primary objective of bariatric surgeries being substantial and sustained weight reduction in individuals with severe obesity.
By End User:
Bariatric Surgery Clinics
Hospitals
Others
Bariatric surgery clinics hold the largest share as they specialize in providing comprehensive bariatric care, offering a wide range of surgical options and post-operative support services.
Market Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Global Bariatric Surgery Devices Market Trends:
The global bariatric surgery devices market is experiencing significant growth driven by rising obesity rates and advancements in minimally invasive surgical techniques. Innovations such as laparoscopic and robotic-assisted procedures are enhancing surgical outcomes and reducing recovery times, increasing their popularity among patients and healthcare providers. Additionally, the development of advanced devices like adjustable gastric bands and intragastric balloons is expanding the range of effective surgical options. Favorable reimbursement policies and increased healthcare spending, particularly in developed countries, are making bariatric surgery more accessible. Growing awareness about obesity-related health risks and the effectiveness of surgical interventions is further propelling market growth, as more individuals seek long-term weight management solutions.
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