According to the latest report by IMARC Group titled, “Bariatric Surgery Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global bariatric surgery devices market grew at a CAGR of around 7% during 2014-2019.
Bariatric surgery devices refer to the surgical equipment used to conduct bariatric procedures for weight loss. These procedures limit the food holding capacity of stomach, thereby causing nutrients malabsorption. Bariatric surgery devices enhance the development of gut hormones to reduce appetite. These devices majorly include stapling devices, vessel sealing devices, suturing devices, trocars, adjustable gastric bands, gastric balloons, electrical stimulators, etc.
The growing incidences of lifestyle disorders, such as obesity, diabetes, cardiovascular diseases, etc., have propelled the demand for bariatric surgeries. Furthermore, the high prevalence of sedentary consumer lifestyles, along with unhealthy food habits, have also augmented the chances of weight-related medical conditions. In line with this, the growing consumer concerns have propelled the wide adoption of bariatric surgery devices, particularly across the developed nations. Additionally, the emergence of minimally invasive (MI) bariatric procedures with reduced postoperative stress, further bolsters the market. Moreover, various technological advancements have led to the introduction of innovative surgical devices with enhanced cosmetic outcomes. Besides this, the rapid integration of surgical robots with bariatric equipment is expected to foster the market in the coming years.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Bariatric Surgery Devices Market 2020-2025 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of the key players being 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., etc.
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The report has segmented the market on the basis of Procedure Type, Device Type, Procedure, Application, End-Use and Region.
Breakup by Procedure Type:
Minimally Invasive Surgical Procedures
Non-Invasive Surgical Procedures
Breakup by Device Type:
Energy Based Vessel Sealing Devices
Breakup by Procedure:
Adjustable Gastric Banding
Roux-en-Y Gastric Bypass
Biliopancreatic Diversion with Duodenal Switch
Breakup by Application:
Breakup by End-User:
Bariatric Surgery Clinics
Breakup by Region:
Middle East and Africa
The report has also analysed the competitive landscape of the market with some of the key players being 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., etc.
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