Market Scenario
The bariatric surgery devices market is expected to register a CAGR of 5.5% during the forecast period reaching almost 2200 USD million. Bariatric surgery is a procedure used for weight loss in which stomach size is reduced either by using a gastric band, by cutting a small portion of the stomach, or by resecting small intestine into the stomach. The global bariatric surgery devices market is majorly driven by increasing technical advanced devices, increasing number of regulatory approvals, rising cases of obesity, the high prevalence of diseases related to obesity and growing penetration of key market players. Furthermore, raising awareness of healthcare, favorable reimbursement policies, increasing innovations in research and development of medical devices, as well as rising average income of individuals are fueling the market growth. However, factors such as complicated and costly surgical procedures are likely to hamper the growth of the market. Lack of proper health care infrastructure, as well as awareness regarding diseases associated with obesity in middle-income countries, are also a major challenge to the market growth.
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Market Segmentation
The global bariatric surgery devices market is segmented on the basis of devices, procedure types, and end-user. According to the product, the market is segmented into assisting devices, implantable devices, and others. The assisting device type is further segmented into suturing devices, stapling devices, incision closure devices, trocars, and others. Implantable devices are segmented into gastric bands, gastric balloons, electrical stimulation devices, and gastric emptying devices.
Considering the procedure, the market is segmented into sleeve gastrectomy, gastric bypass, revision bariatric surgery, non-invasive bariatric surgery, adjustable gastric banding, mini-gastric bypass, biliopancreatic diversion with duodenal switch, and gastric bypass.
On account of end-user, the market is segmented into bariatric surgery clinics, ambulatory surgical centers, hospital pharmacies, and others.
Based on region the market is segmented into Americas, Europe, Asia Pacific, and the Middle East and Africa. The American region is segmented into North America and South America. Similarly, Europe is segmented into Western Europe and Eastern Europe.
Global Bariatric Surgery Devices Market Segmentation
Global Bariatric Surgery Devices Market, by Device type:
Assisting Devices Type, Suturing Devices, Stapling Devices, Incision Closure Devices, Trocars, Implantable Devices Type, Gastric Bands, Gastric Balloons, Electrical Stimulation Devices, Gastric Emptying Devices, Others;
lobal Bariatric Surgery Devices Market, by Procedure: Sleeve Gastrectomy, Gastric Bypass, Revision Bariatric Surgery, Non-Invasive Bariatric Surgery, Adjustable Gastric Banding, Mini-Gastric Bypass, Biliopancreatic Diversion with Duodenal Switch, Gastric Bypass;
Global Bariatric Surgery Devices Market, by End-user: Hospital & Clinics, Ambulatory Surgical Centers, Hospital Pharmacies, Others;
Global Bariatric Surgery Devices Market, by Region: North America: U.S., Canada; South America: Europe: Western Europe, Germany, France, U.K., Italy, Spain, Rest of Western Europe, Eastern Europe; Asia Pacific: Japan, China, India, Australia, Republic of Korea, Rest of Asia Pacific; Middle East and Africa: United Arab Emirates, Saudi Arabia, Oman, Kuwait, Qatar, Rest of the Middle East & Africa
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Market Players:
Medtronic, Ethicon, Intuitive Surgical, Apollo Endosurgery, ReShape Lifesciences, Aspire Bariatrics, EnteroMedics, Inc., Mediflex Surgical Products, TransEnterix, Inc., Agency for Medical Innovation
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