The bariatric surgery market is projected to exhibit a healthy CAGR of over 6.5% during the assessment timeframe. Bariatric surgery or weight loss surgery is one of the famous treatments for obesity. The stomach size is reduced throughout the process by extracting some part of the stomach or using a gastric band. The global bariatric surgery market has been witnessing a record-worthy growth over recent times due to the growing demand for minimally invasive surgical procedures, increasing number of patients, emergence of new technologies in bariatric surgery, and increasing demand for weight loss procedures, and rising prevalence of obesity.
This surgery is an option for people with severe obesity and was unsuccessful in losing weight or gaining back the weight they lost through medications or lifestyle treatment. Bariatric surgery can also help during serious health issues such as sleep apnea or type 2 diabetes related to obesity.
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Various factors are propelling the bariatric surgery market growth. These factors, as per the new MRFR report, include increasing incidence of obesity worldwide due to excessive calorie intake and changing lifestyle habits, demand for minimally invasive techniques, favorable government initiatives, and growing awareness about unhealthy drinks and food and their effect on BMI.
Segment Analysis
The global bariatric surgery market is divided into numerous segments based on type, device, end-user, and region.
Based on type, the global market is bifurcated into the biliopancreatic diversion with duodenal switch, adjustable gastric band, sleeve gastrectomy, gastric bypass, and others.
By device, the global market for bariatric surgery is bifurcated into electrical stimulation systems, gastric balloons, surgical stapler gastric bands, gastric emptying systems, and others.
The global market is bifurcated into surgical centers, hospital & clinics, and others based on end-users.
Regional Analysis
The global bariatric surgery market is studied across four major regions: Americas, Europe, Asia-Pacific, and the Middle East & Africa.
The Americas region is likely to dominate the bariatric surgery market over the forecasted era. The regional market’s growth is being driven by the technological advancement in laparoscopic bariatric surgery, growing awareness about obesity and its risk factors, and the availability of a wide number of surgical centers. North America leads the sector with South America in the second position. Moreover, the increasing demand for surgical procedures, increasing use of medical devices for various surgical procedures, and the growth of the healthcare sector across the region are also likely to catalyze the regional market’s growth over the review timeframe.
The European bariatric surgery market secures a substantial market share in the global market owing to the huge government funding available for research, the high prevalence of diabetes, and the growth of surgical device manufacturers and distributors.
The Asia-Pacific regional bariatric surgery market is likely to record significant growth over the assessment timeframe. The regional market’s growth is being propelled by the growing geriatric population, availability of skilled healthcare professionals, sedentary lifestyle of the working population, lack of physical activities, and increasing influence of western lifestyle.
The Middle East & African bariatric surgery market is anticipated to exhibit a steady growth rate over the review timeframe due to the increasing focus on the healthcare sector and growth of the surgical device market.
Competitive Analysis
The global bariatric surgery market has an intensely competitive landscape. The list of leading players in the bariatric surgery market includes companies such as Mediflex Surgical Products, Intuitive Surgical, ReShape Lifesciences, Inc., EndoGastric Solutions, Inc., TransEnterix Surgical, Inc., Olympus Corporation, Apollo Endosurgery Inc., Aspire Bariatrics, Medtronic, Cousin Biotech, ALLERGAN, Johnson & Johnson Services Inc., and several others.
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Recent Developments
- November 2021 – a private equity firm focused on investments in healthcare services companies, Thurston Group, happily announced the completion of an investment in Options Medical Weight Loss (Options). It is a premier medical weight loss group that offers customized weight loss programs, with guidance from certified obesity medicine practitioners to patients across the country.
- Options Medical Weight Loss has quickly lengthened since the foundation and now works twelve locations across Florida, Arizona, Ohio, and Chicago. It provides patients with proprietary customizable medical weight loss programs, which are proven to be highly effective.
- October 2021- UCI Health happily announced that its bariatric surgery servicesprogram had renewed its designation as a Blue Distinction Center. The Blue Cross Blue Shield Association awarded this designation to those with an established track record for delivering better results, including fewer readmissions and complications than other providers. Blue Distinction Centers for Bariatric Surgery offer a wide range of bariatric surgery care, including patient education, outpatient follow-up care, post-operative care, and surgical care.
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