2024-2033 Bariatric Surgery Devices Market Outlook: Unlocking Growth Potential
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What is the Anticipated CAGR of the Bariatric Surgery Devices Market Over the 2024-2033 Forecast Period?
The market size for bariatric surgery devices has seen significant expansion in the past few years. This market is projected to increase from $1.91 billion in 2023 to $2.09 billion in 2024, demonstrating a compound annual growth rate (CAGR) of 9.7%. The past growth can be credited to factors such as the expansion of healthcare infrastructure, increased awareness and education, growth in medical tourism, better insurance coverage, government policies, successful patient outcomes and experiences.
The market size for bariatric surgery devices is predicted to experience significant expansion in the coming years. It is set to increase to $2.98 billion in 2028 with a compound annual growth rate (CAGR) of 9.3%. The expected growth in the forecast period can be linked to factors such as an aging population, regulatory backing, patient advocacy, preventive healthcare initiatives, the introduction of less invasive procedures, and the worldwide adoption of bariatric surgery. Key trends for the forecast period encompass advancements in technology, bariatric-focused personalized medicine, the incorporation of artificial intelligence, strategic collaborations and partnerships, and digital health solutions.
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What Are the Driving Forces Behind the Growth of the bariatric surgery devices Market?
The bariatric surgery devices market is experiencing a major growth boost due to the escalating numbers of overweight individuals. The condition, termed obesity, is an abnormal or disproportionate build-up of fat presenting serious health risks. In recent years, this public health issue has escalated globally, having a significant impact on worldwide mortality and morbidity. As obese individuals worldwide increasingly resort to surgical interventions to manage fat deposits, there is a predicted rise in demand for bariatric surgery devices. The World Health Organization (WHO) reported that in 2022, over 1 billion people globally were obese, with 650 million of them being adults, 340 million adolescents, and 39 million children. Therefore, the inflated numbers of obese individuals are set to enhance the upswing of the bariatric surgery devices market.
What Are the Core Segments of the Bariatric Surgery Devices Market?
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
What Are the Key Innovations Reshaping the Bariatric Surgery Devices Market?
A key trend emerging in the bariatric surgery devices market is enhanced technological innovation. Main players in the market for bariatric surgery devices are concentrating on the creation of technologically superior products to meet surgical needs and consolidate their market position. These advancements consist of devices that provide elevated features for improved results in bariatric surgery and lessen procedure-related risks. For example, Olympus Corporation, a medical technology firm from Japan, launched the advanced bipolar surgical energy device, POWERSEAL, in September 2021. This state of the art device provides surgeons with top-tier sealing, dissection, and grasping abilities in laparoscopic or open surgery, whilst drastically reducing the effort needed by the surgeon to shut the jaws. POWERSEAL is applicable in numerous surgical procedures such as bariatric, general, gynecological, colorectal, urological, and various other surgeries.
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What Regions Are Influencing the Dynamics of the Bariatric Surgery Devices Market?
North America was the largest region in the bariatric surgery devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bariatric surgery devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Bariatric Surgery Devices Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the bariatric surgery devices market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Bariatric Surgery Devices Market Include
1. Bariatric Surgery Devices Market Executive Summary
2. Bariatric Surgery Devices Market Segments
3. Bariatric Surgery Devices Market Size And Template Market Growth Rate
4. Key Bariatric Surgery Devices Market Trends
5. Major Bariatric Surgery Devices Market Drivers
……
25. Key Mergers And Acquisitions In The Bariatric Surgery Devices Market
26. Top Bariatric Surgery Devices Companies
27. Bariatric Surgery Devices Market Opportunities And Strategies
28. Bariatric Surgery Devices Market, Conclusions And Recommendations
29. Appendix
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