Bariatric Surgery Devices Market -Overview
The extensive availability of minimally invasive surgery equipment has enabled physicians to significantly reduce surgery-related morbidity, boosting the bariatric surgery devices market. The market is anticipated to reach USD 2,405.20 million by 2025, at a CAGR of 5.90 percent.
The collective prevalence of obesity, intensifying bariatric & metabolic procedures, expanding technical improvements, and a snowballing number of regulatory approvals for bariatric surgery devices are likely to drive the bariatric surgery devices market.
The bariatric surgery devices market study segments are created based on region, type, procedure, and end-user. The procedure section of the bariatric surgery devices market includes revision operation, an adjustable gastric band, sleeve gastrectomy, and gastric bypass. Non-invasive surgical and minimally invasive are two types of bariatric surgery technologies. The Asia Pacific, Europe, the Americas, the Middle East, and Africa are the regions covered by the bariatric surgery devices market. Hospitals, ambulatory surgical centers, and specialized centers comprise the end-user segment of the bariatric surgery devices market.
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Detailed Regional Analysis
The bariatric surgery devices market’s regional examination includes regions as the Asia Pacific, the Americas, the Middle East, Europe, and Africa. Due to the expanding obese population, the Americas regional market is the most important region in the world, with a great number of patients opting for this procedure. Sedentary lifestyles, genetic factors, and unhealthy eating habits are expected to boost the bariatric surgery devices market. The European region’s market is the second largest after the Americas, owing to mounting healthcare expenses and the institution of new treatment procedures in conjunction with futuristic healthcare foundations. Due to a massive number of people suffering from obesity-related issues such as diabetes mellitus, breathing problems, heart illness, and high blood pressure, the Asia Pacific regional market is anticipated to develop at the fastest rate. A large target population in countries like China and India national markets will likely to spur the bariatric surgery device market growth.
The involvement of governmental organizations in promoting market development is projected to be critical through the provision of special incentives to attract global titans to certain locations and contribute to the forecast period. The effectiveness of core sectors on a global scale is projected to augment the expansion of the global market in the approaching period. Furthermore, improved economic relations between numerous nations are expected to provide further opportunities for growth in the coming years. The overall development prospects of market participants are predicted to boost progressively as the impact of the COVID-19 epidemic lessens. The optimism about COVID-19-related therapeutic techniques, such as vaccines, being pushed out in various locations is forecast to expand market sentiment further. The emergence of global firms into important developing regional markets is considered to have a positive impact that will spread to other industry segments.
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The well-known companies in the bariatric surgery devices market are Aspire Bariatrics (US), Johnson & Johnson Services Inc. (US), ReShape Lifesciences, Inc. (US), Spatz FGIA, Inc. (US), Apollo Endosurgery, Inc. (US), Olympus Corporation (Japan), Mediflex Surgical Products (US), TransEnterix Surgical, Inc. (US), and Intuitive Surgical Inc. (US).
Dec 2021 Standard Bariatrics®, Inc. (SBI), a company focused on developing medical devices for surgical treatments of obesity, announced that the Titan SGSTM, a surgical stapler first used in gastric sleeve surgery reached a USD 1 million sales milestone in November 2021. The Titan SGS is intended to assist surgeons in achieving more uniform and symmetrical gastric sleeve pouch anatomy, hence providing patients with the best potential outcomes.
Table of Content
1 EXECUTIVE SUMMARY
1.1 OVERVIEW 15
1.1.1 MARKET SYNOPSIS 15
2 MARKET INTRODUCTION
2.1 SCOPE OF THE STUDY 16
2.2 RESEARCH OBJECTIVE 16
2.3 LIST OF ASSUMPTIONS 17
3 RESEARCH METHODOLOGY
3.1 OVERVIEW 18
3.2 DATA MINING 18
3.3 SECONDARY RESEARCH 19
3.4 PRIMARY RESEARCH 20
3.4.1 PRIMARY INTERVIEWS AND INFORMATION GATHERING PROCESS 20
3.4.2 BREAKDOWN OF PRIMARY RESPONDENTS 21
3.5 FORECASTING TECHNIQUES 21
3.6 RESEARCH METHODOLOGY FOR MARKET SIZE ESTIMATION 22
3.6.1 BOTTOM-UP APPROACH 23
3.6.2 TOP-DOWN APPROACH 24
3.7 DATA TRIANGULATION 24
3.8 VALIDATION 25
4 MARKET DYNAMICS
4.1 OVERVIEW 26
4.2 DRIVERS 27
4.2.1 INCREASING PREVALENCE OF OBESITY 27
4.2.2 RISING TECHNOLOGICAL ADVANCEMENTS 27
4.2.3 GROWING NUMBER OF BARIATRIC AND METABOLIC SURGERIES 27
4.2.4 INCREASING NUMBER OF REGULATORY APPROVALS FOR BARIATRIC SURGERY DEVICES 27
4.3 RESTRAINTS 28
4.3.1 RISING PRODUCT RECALLS IN THE INDUSTRY 28
4.3.2 HIGH COST OF BARIATRIC SURGERIES 28
4.4 OPPORTUNITIES 29
4.4.1 EMERGING MARKETS WITH HIGH PREVALENCE OF OBESITY 29
5 MARKET FACTOR ANALYSIS
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