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What Are The Growth Projections For The Bariatric Surgery Devices Market Size During 2025–2029?
The market for devices utilized in bariatric surgery has experienced robust expansion lately. Projections indicate its value will increase from $2.04 billion this year, 2024, reaching $2.2 billion by 2025, reflecting an annualized growth rate of 8.1%. This upward trend during the past period is linked to several factors, including advancements in medical infrastructure, increased public knowledge and schooling, the rise of medical travel, broader insurance inclusion, supportive governmental actions, along with positive patient results and publicized success narratives.
Anticipated within the forthcoming years is a swift expansion in the overall volume of the bariatric surgery devices market, with projections indicating this sector will reach a valuation of three point two three billion dollars by the year 2029, achieving a compound annual growth rate amounting to ten point zero percent; this projected upswing throughout the forecast duration is driven by several key factors, such as the increasing average age of the populace, favorable regulatory environments, greater patient autonomy, a focus on proactive health maintenance, the widespread adoption of less invasive surgical techniques, and the global proliferation of weight-loss operations; concurrent with this expansion, significant developments shaping the market currently and moving forward encompass innovation in technology, tailored medical approaches specifically for bariatrics, the incorporation of artificial intelligence capabilities, strengthening alliances and cooperative agreements between entities, and the deployment of advanced digital healthcare platforms.
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What Are The Drivers Pushing New Developments In The Bariatric Surgery Devices Market?
The escalating prevalence of obesity, defined as an unhealthy or excessive buildup of body fat that can negatively affect well-being, is a major driver propelling the expansion of the market for bariatric surgery devices. This condition has emerged in recent years as a serious global health concern, heavily implicated in worldwide sickness and death rates. As more individuals struggling with obesity opt for surgical interventions worldwide to reduce their fat reserves, the need for these specialized devices is anticipated to rise correspondingly. As an illustration, data from the World Health Organization (WHO) indicated in 2022 that above one billion individuals globally are living with obesity, encompassing 650 million adults, 340 million adolescents, and 39 million youngsters. To provide a national example, reports released in May 2023 by the UK government’s Office for Health Improvement & Disparities showed that in 2023, 26% of adults in the UK met the criteria for obesity, mirroring figures from preceding years, which was a minor uptick from the 25.9% recorded during 2021-2022. Consequently, the documented rise in the segment of the population classified as obese is set to fuel the market’s growth for bariatric surgery apparatus.
Which Key Segments Fueling The Bariatric Surgery Devices Market?
The bariatric surgery devicesmarket covered in this report is segmented –
1) By Type: Minimally Invasive Surgical Devices, Stapling Devices, Energy Or 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
Subsegments:
1) By Minimally Invasive Surgical Devices: Laparoscopic Adjustable Gastric Banding Systems, Laparoscopic Sleeve Gastrectomy Kits, Robotic-Assisted Surgical Devices
2) By Stapling Devices: Linear Staplers, Circular Staplers, Endoscopic Staplers
3) By Energy Or Vessel Sealing Devices: Ultrasonic Devices, Radiofrequency Devices, Electrosurgical Devices
4) By Suturing Devices: Automatic Suturing Devices, Manual Suturing Devices
5) By Accessories: Trocar And Cannula Systems, Bariatric Surgery Instruments, Laparoscopic Graspers And Scissors
6) By Non-Invasive Surgical Devices: Intragastric Balloons, Endoscopic Sleeve Gastroplasty Devices
Which Market Trends Are Creating New Opportunities In The Bariatric Surgery Devices Industry?
Within the bariatric surgery apparatus sector, key industry players are prioritizing the creation of sophisticated technological instruments, exemplified by the Surgical Bipolar Energy Device across the EMEA zone, aiming to elevate surgical accuracy, better patient recovery results, and shorten the convalescence period.This EMEA-based Surgical Bipolar Energy Device is specifically engineered to achieve accurate control of bleeding and tissue separation throughout operations by channeling electrical power between a pair of conducting surfaces. Illustratively, in May of 2023, Olympus Corporation, a firm hailing from Japan recognized for its contributions to medical hardware, visual systems, and life science solutions, introduced its version of the Surgical Bipolar Energy Device to the EMEA market. The EMEA region’s Surgical Bipolar Energy Device incorporates sophisticated engineering to ensure meticulous hemostasis and targeted tissue ablation, boasting features like adaptable power levels for ideal energy deployment, built-in safeguards against unintended heat-related harm, and user-friendly physical configurations designed to facilitate easier handling during operations.
Which Major Industry Participants Are Leading The Bariatric Surgery Devices Market Growth?
Major companies operating in the bariatric surgery devices market include Medtronic Plc, Johnson & Johnson, Apollo Endosurgery Inc., Intuitive Surgical Inc., Aspire Bariatrics Inc., ReShape Lifesciences Inc., Cousin Biotech, USGI Medical Inc., TransEnterix Inc., Olympus Corporation, Spatz FGIA Inc., GI Dynamics Inc., Mediflex Surgical Products, Bariatric Solutions GmbH, W. L. Gore & Associates Inc., Mediflex Surgical Products, Conmed Corporation, Standard Bariatrics Inc., Covidien Plc, EndoGastric Solutions Inc., Abbott Laboratories, Boston Scientific Corporation, Fujifilm Holdings Corporation, Stryker Corporation, Smith & Nephew Plc
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What Are The Key Regional Factors Influencing The Bariatric Surgery Devices Market Growth?
North America was the largest region in the bariatric surgery devices market in 2024. 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.
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