The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s bariatric surgery devices market report forecasts the bariatric surgery devices market size to grow to $2.49 Billion by 2027, with a CAGR (compound annual growth rate) of more than 7%.

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Bariatric Surgery Devices Market Size Forecast
The global bariatric surgery devices market is expected to grow from $1.72 billion in 2022 to $1.86 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The bariatric surgery devices market size is expected to grow to $2.49 billion in 2027 at a CAGR of 7.6%.

North America held the largest bariatric surgery devices market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Bariatric Surgery Devices Market Driver ­– Growth In Obese Population
For instance, according to the World Health Organization (WHO), over 1 billion people globally are obese currently (2022), out of which 650 million accounts for adults, 340 million are adolescents and 39 million are children. Therefore, an increase in the obese population will contribute to the growth of the bariatric surgery devices market.

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Key Bariatric Surgery Devices Market Trend – Technological Advancement
Key players operating in the bariatric surgery devices market are focusing on developing technologically advanced products to meet the surgical demands and strengthen their position in the market. These developments include devices that offer improved features for better outcomes in bariatric surgery while reducing risks during the procedure. For instance, in September 2021, Olympus Corporation, a Japan-based medical technology company launched POWERSEAL advanced bipolar surgical energy devices. POWERSEAL provides surgeons with state-of-the-art sealing, dissection, and grasping capabilities in laparoscopic or open surgery while highly reducing the force required by the surgeon to close the jaws. It can be used in various forms of surgical procedures including bariatric surgery, general surgery and gynaecological, colorectal, urological, and other surgeries.

Bariatric Surgery Devices Market Segment
1) By Type: Minimally Invasive Surgical Devices, Stapling Devices, Energy/Vessel Sealing Devices, Suturing Devices, Accessories, Non-invasive Surgical Devices
2) By Procedure: Sleeve Gastrectomy, Gastric Bypass, Revision Bariatric Surgery, Non-invasive Bariatric Surgery, Adjustable Gastric Banding, Mini-gastric Bypass, Biliopancreatic Diversion with Duodenal Switch
3) By End User : Clinics, Hospitals, Specialty Centers, Ambulatory Surgical Centers

Bariatric Surgery Devices Market Major Players and Strategies
Major players in the bariatric surgery devices market are Ethicon (Johnson & Johnson), Medtronic, Intuitive Surgical, ReShape Lifesciences, Aspire Bariatrics, Mediflex Surgical Products, Spatz FGIA, Cousin Biotech, Olympus Corporation of the Americas, GI Dynamics, USGI Medical, Asensus Surgical US Inc., and Smith & Nephew.

In February 2020, Medtronic plc, an American medical device company acquired Digital Surgery for an undisclosed amount. The acquisition by Medtronic focused on utilizing the in-house team of digital surgery for the development of pedestal-based robot surgery systems, which can be used in general, urology, gynaecology, thoracic, colorectal, and bariatric procedures. Digital Surgery is a UK-based developer of digital surgical tools utilizing advanced technologies such as next-generation computing, AI, visualization, and other tools.

The Bariatric Surgery Devices Global Market Report 2023 covers regional data on bariatric surgery devices market size, bariatric surgery devices market trends and drivers, opportunities, strategies, and bariatric surgery devices market competitor analysis. The countries covered in the bariatric surgery devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Bariatric surgery devices refer to surgical devices used in bariatric surgery to reduce the weight of an individual by reducing the size of the stomach. Bariatric surgery devices are FDA-approved surgical equipment or devices used for surgeries performed in the gastrointestinal tract for facilitating weight loss for individuals with obesity or severe obesity.

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