The Brazil Bariatric Surgery Market is expected to register a CAGR of 2.5% during the forecast period. There are certain factors propelling the growth of the market, includes increasing obesity patients, growing government initiatives to curb obesity, and rising prevalence rate of type 2 diabetes and heart diseases.

According to the Minist?rio da Sa?de Brazil, in Brazil, in 2018 there were about 19.8% adult population with obese up from 18.9% in 2017 and 17.9% in 2014. as the number of the adult population with the obese condition is increasing which drives the market in the coming years.

Furthermore, as per the Health Ministry Survey Brazil, a sedentary lifestyle in the country and a larger number of people take soft drinks and sugared beverages away from their tables is anticipated to lead to the growth of the Brazil bariatric surgery market.

Key Market Trends

Closure Device is Expected to Register a High CAGR in the Assisting Device Segment

Closure devices are used for reconnecting tissues during surgical procedures and for closing incisions made by trocars. The laparoscopic port closure device successfully and safely closes port sites in obese patients undergoing bariatric procedures and surgeries. The closure devices segment is expected to register high growth, as they are widely used in minimally invasive surgeries that require immediate closure of very small incisions made at the time of surgical procedures.

According to the Health Ministry survey, in Brazil, the obesity rate went from 11.8% to 19.8% between 2006 and 2018. Furthermore, As per the survey between 2008-2018, there was an increase in obesity in two age groups such as 25 to 35-year-olds and 35 to 44-year-olds. For these groups, the rate went up 84.2% and 81.1% respectively, compared to 67.8% in the general population.

Therefore, the high burden of obesity in the country is expected to increase bariatric surgeries in the coming years, which will contribute to the faster growth of this segment.

Competitive Landscape

The Brazil bariatric surgery market is moderately consolidated competitive with the presence of major players, such as Apollo Endosurgery Inc, Johnson and Johnson (Ethicon), and Medtronic Plc. The market is also inclusive of the smaller players that hold a substantial market share. With the growing medical device market, it is expected that a few more new players will be penetrating the market in the coming future.

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