The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

According to The Business Research Company’s Bariatric Surgery Devices Global Market Report 2024, the bariatric surgery devices market is expected to show promising growth in the forecast period.

The bariatric surgery devices market has shown robust growth recently, driven by various factors ranging from healthcare infrastructure development to advancements in technology. This blog explores the current market dynamics, future projections, driving factors, major trends, and key players in the bariatric surgery devices industry.

Market Growth and Projections

Recent Growth Trends

• Market Size in 2023: $1.91 billion
• Projected Size in 2024: $2.09 billion
• CAGR (2023-2024): 9.7%
• Historical Growth Drivers:
  • Development of healthcare infrastructure
  • Increased awareness and education
  • Rise in medical tourism
  • Expanded insurance coverage
  • Government initiatives
  • Positive patient outcomes and success stories

Future Projections

• Projected Size in 2028: $2.98 billion
• CAGR (2024-2028): 9.3%
• Future Growth Drivers:
  • Aging population
  • Regulatory support
  • Patient empowerment
  • Preventive healthcare measures
  • Minimally invasive procedures
  • Globalization of bariatric surgery

View More On The Bariatric Surgery Devices Market Report 2024 – https://www.thebusinessresearchcompany.com/report/bariatric-surgery-devices-global-market-report

Driving Factors

Rising Obesity Rates

• Global Obesity Crisis: Increasing obesity rates significantly contribute to the demand for bariatric surgery devices.
• WHO Statistics (2022):
  • Over 1 billion people globally are obese.
  • 650 million adults, 340 million adolescents, and 39 million children are obese.
• Health Impact: Obesity contributes to global mortality and morbidity, driving the need for effective surgical interventions.

Major Trends in the Bariatric Surgery Devices Market

Technological Advancements

• Innovation Focus: Companies are developing advanced devices to enhance surgical outcomes and reduce risks.
• Case Study: Olympus Corporation
  • Product Launch (September 2021): POWERSEAL advanced bipolar surgical energy devices.
  • Features: State-of-the-art sealing, dissection, and grasping capabilities with reduced force required to close the jaws.
  • Applications: Suitable for bariatric surgery, general surgery, gynecological, colorectal, and urological surgeries.

Personalized Medicine and AI Integration

• Personalized Approaches: Tailoring bariatric treatments to individual patient needs.
• AI Integration: Utilizing artificial intelligence to enhance surgical precision and patient outcomes.

Digital Health Solutions

• Telehealth and Monitoring: Increased use of digital health platforms for pre- and post-surgery care.
• Patient Engagement: Improved patient empowerment through digital tools and resources.

Key Market Players

Leading Companies

• Medtronic PLC
• Covidien LLC
• Braun Melsungen AG
• Olympus Corporation
• Intuitive Surgical Inc.
• Ethicon LLC
• Allergan PLC
• Endo Technologies LLC
• Bariatric Advantage
• US Endoscopy
• USGI Medical Inc.
• GI Windows Inc.
• Metamodix Inc.
• IntraPace Inc.
• Spatz Medical
• BAROnova Inc.
• Leptos Biomedical
• Satiety Inc.
• Swissmed Instruments AG

Strategic Acquisitions

• Teleflex and Standard Bariatrics (October 2022)
  • Objective: Enhance portfolio with a focus on improving clinical efficacy and patient outcomes.
  • Impact: Strengthened position in the bariatric surgery market.

Market Segmentation

By Type

• Minimally Invasive Surgical Devices
• Stapling Devices
• Energy/Vessel Sealing Devices
• Suturing Devices
• Accessories
• Non-invasive Surgical Devices

By Procedure

• Sleeve Gastrectomy
• Gastric Bypass
• Revision Bariatric Surgery
• Non-invasive Bariatric Surgery
• Adjustable Gastric Banding
• Mini-gastric Bypass
• Biliopancreatic Diversion with Duodenal Switch

By End User

• Clinics
• Hospitals
• Specialty Centers
• Ambulatory Surgical Centers

Regional Insights

• North America: Largest region in the bariatric surgery devices market in 2023.
• Asia-Pacific: Expected to be the fastest-growing region during the forecast period.

Conclusion

The bariatric surgery devices market is set for continued strong growth, driven by rising obesity rates, technological advancements, and strategic market expansions. With the increasing demand for effective weight loss solutions and the integration of innovative technologies, the industry is well-positioned to address the evolving needs of patients worldwide.

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