[193 Pages Report] The Bariatric Surgery Devices Market size was estimated at USD 1.98 billion in 2023 and expected to reach USD 2.13 billion in 2024, at a CAGR 7.61% to reach USD 3.32 billion by 2030.
The bariatric surgery devices market comprises medical devices used in weight loss surgeries, which are performed on patients with obesity. Bariatric surgeries are typically considered when other weight loss methods, such as dieting, exercise, and medication, have not been successful. These devices include gastric bands, gastric bypass devices, gastric balloons, sleeve gastrectomy devices, and other related surgical instruments. The rising incidence of comorbid conditions associated with obesity, such as diabetes, hypertension, and cardiovascular diseases, significantly increases the need for bariatric surgery as an effective treatment approach. However, the high cost of bariatric surgery and concerns over the long-term effectiveness and potential complications of the procedures may dissuade patients from opting for surgery. Additionally, stringent regulatory frameworks and the need for rigorous clinical trials to prove the efficacy and safety of new devices can delay their introduction to the market. Furthermore, the market for bariatric surgery devices presents opportunities, including the development of minimally invasive and non-invasive surgical devices that reduce patient recovery time and risk of complications. Innovation in device technology, such as smart implants with monitoring capabilities, and expanding insurance coverage for bariatric procedures offer new growth prospects for market players.
Device: Growing preference towards gastric balloons in minimally invasive bariatric surgery
Gastric balloons are non-surgical devices for temporary weight loss in patients who prefer not to undergo invasive surgery. They are inserted into the stomach via an endoscopic procedure and filled with saline to create a sense of fullness, thus reducing calorie intake. Gastric bands are implantable devices that are placed around the upper portion of the stomach to create a small pouch and narrow passage into the rest of the stomach, limiting food intake and promoting a feeling of satiety. Surgical staplers close skin wounds and connect or remove parts of the bowels or lungs. They are crucial in bariatric procedures such as gastric bypass or sleeve gastrectomy to cut and seal portions of the stomach or intestines. Sutures are used to close incisions or wounds following surgery. They play a vital role in bariatric surgery by closing any incisions in the stomach or intestines following the procedure.
Procedure: Rising trends towards non-invasive bariatric surgery
Adjustable Gastric Banding is a type of weight-loss surgery that involves placing a silicone band around the upper section of the stomach to create a small pouch. This procedure is reversible and is often chosen by patients who prefer a less invasive option with no stomach cutting or stapling. Biliopancreatic Diversion with Duodenal Switch (BPD/DS) is a complex procedure that involves removing a large portion of the stomach and rerouting the small intestine and is typically reserved for individuals with a BMI of over 50 or those who haven’t had success with other bariatric procedures. The BPD/DS is highly effective for weight loss and can result in significant improvement of obesity-related conditions.
The Gastric Bypass, specifically the Roux-en-Y Gastric Bypass, is a commonly performed bariatric surgery where a small stomach pouch is created and connected to the middle part of the small intestine, bypassing a large part of the stomach and duodenum. This procedure is especially beneficial for patients with gastroesophageal reflux disease or type 2 diabetes. The Mini-Gastric Bypass is a variation of the traditional gastric bypass, involving a longer pouch and a loop connection to the small intestine. It is gaining popularity due to its technical simplicity, shorter operating time, and similar weight loss outcomes.
Non-invasive bariatric Surgery comprises procedures including intragastric balloon placement and endoscopic sleeve gastroplasty. These options are usually for patients seeking less invasive weight loss methods that do not require permanent anatomical changes. Revision Bariatric Surgery is performed to modify or correct a previous bariatric surgery that has resulted in complications or has not achieved the desired level of weight loss. The need for revision surgeries arises from procedural complications or inadequate weight loss/maintenance. Sleeve Gastrectomy removes approximately 80% of the stomach, leaving a tubular pouch that limits food intake and reduces hunger hormone levels. This procedure is favored for its relative simplicity, effectiveness, avoidance of foreign bodies, and bypassing complexities.
End User: Rising demand for bariatric surgery devices from hospitals due to the complexity and range of procedures performed
Ambulatory surgery centers (ASCs) are healthcare facilities that provide same-day surgical care, including diagnostic and preventive procedures. The need for bariatric surgery devices in ASCs is predicated on the demand for lower-cost, high-quality care settings for outpatient procedures. ASCs typically prefer bariatric devices that are cost-effective, easy to use, with quick turnover times, and that require minimal postoperative care since patients are discharged the same day. Clinics offering bariatric surgery services often cater to initial consultations, follow-up appointments, and sometimes smaller, less invasive bariatric procedures. They prefer devices that are versatile and suitable for various outpatient interventions. Hospitals are typically the most comprehensive settings for bariatric surgery due to the availability of a full range of services, including emergency care, intensive care for high-risk patients, and accommodations for extended stays. Hospitals thus require a full suite of bariatric surgery devices, from basic surgical tools to highly advanced robotic systems and devices that aid in patient recovery and monitoring.
Regional Insights
In the Americas, particularly the United States and Canada, obesity rates have continued to rise, making bariatric surgery a crucial option for weight loss. Market research indicates that both consumer needs and purchasing behaviors are heavily influenced by the prevalence of obesity-related disorders, healthcare policies that influence insurance coverage for such surgeries, and increased awareness about bariatric procedures. European Union (EU) countries exhibit a growing need for bariatric surgery, driven by rising obesity rates and increased acceptance of surgical interventions. Within the EU, countries exhibit different levels of market maturity, affected by healthcare system structures, reimbursement policies, and cultural attitudes towards obesity surgery. In the Middle East, countries such as Saudi Arabia and the United Arab Emirates demonstrate an increasing need for bariatric surgery devices fueled by a high prevalence of obesity and diabetes. Societal focus on aesthetics and lifestyle improvements contribute to the demand for various surgical procedures, including bariatric surgeries. In APAC, the aging population and shifting dietary patterns contribute to growing obesity rates, which, in turn, fuel the bariatric surgery devices market. Moreover, government initiatives in the region aim to improve access to bariatric surgery among more significant parts of the population, indicating potential market expansion.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Bariatric Surgery Devices Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Bariatric Surgery Devices Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Bariatric Surgery Devices Market, highlighting leading vendors and their innovative profiles. These include Abbott Laboratories, Allurion S.a.s., AMI GmbH, Apollo Endosurgery, Inc., Asensus Surgical, Inc., B. Braun SE, BIOTRONIK SE & Co KG, Boston Scientific Corporation, CONMED Corporation, Cousin Biotech, Edwards Lifesciences, Geyi Medical Instrument, GI Dynamics Inc., Grena Ltd., Integra LifeSciences Corporation, Intuitive Surgical Inc., Johnson & Johnson Private Limited, Mediflex Surgical Products, Medtronic PLC, Olympus Corporation, ReShape Lifesciences, Inc., Spatz FGIA, Inc., Standard Bariatrics, Inc., Stryker Corporation, USGI Medical Inc., and Zimmer Biomet Holdings, Inc..
Market Segmentation & Coverage
This research report categorizes the Bariatric Surgery Devices Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Device
- Gastric Balloon
- Gastric Band
- Surgical Stapler
- Sutures
- Procedure
- Adjustable Gastric Banding
- Biliopancreatic Diversion with Duodenal Switch
- Gastric Bypass
- Mini-Gastric Bypass
- Non-Invasive Bariatric Surgery
- Revision Bariatric Surgery
- Sleeve Gastrectomy
- End User
- Ambulatory Surgery Centers
- Clinics
- Hospitals
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Bariatric Surgery Devices Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Bariatric Surgery Devices Market?
- What are the technology trends and regulatory frameworks in the Bariatric Surgery Devices Market?
- What is the market share of the leading vendors in the Bariatric Surgery Devices Market?
- Which modes and strategic moves are suitable for entering the Bariatric Surgery Devices Market?
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