Pune, India, May 2022, MRFR Press Release/- Market Research Future has published a Cooked Research Report on the Global Bariatric Surgery Devices Market.
The Bariatric Surgery Devices Market is projected to reach USD 3.32 Billion by 2030 at 6.1% CAGR during the forecast period 2023-2030.
Global morbid obesity rates are increasing, boosting bariatric surgery devices market
revenue. Additionally, it has been reported that the rate of childhood obesity is rising alarmingly. Children who have been overweight since childhood are more at risk than ordinary adults. Chronic diseases manifest early in childhood, including excessive cholesterol, hypertension, and diabetes.
One of the key factors influencing the growth and demand of the bariatric surgery devices market share is the spike in demand for minimally invasive procedures (MIS). The availability of doctors trained in bariatric surgery procedures is also anticipated to drive the market for bariatric surgical devices during the anticipated period. Due to the increasing acceptance and use of bariatric surgery, new surgeons are training and honing their surgical skills. The demand for bariatric surgery equipment is thus rising.
In 2020, North America's bariatric surgery devices market share accounted for 35% of total revenue, driven mainly by the region's rising obesity rate. Obesity is linked to a significant rise in mortality, morbidity, and severe health-related problems. Additionally, the region exhibits significantly more acceptance trends for weight-management surgeries, which supports the development of the industry. Increased awareness of the need to manage obesity and significant medical device businesses in the region will likely boost industry value.
The fastest growth is anticipated in the Asia-Pacific region. In this region, obesity-related issues are becoming more prevalent among the populace. The leading candidates for rapid expansion are China and India. The Middle East and Africa are also anticipated to experience growth, with a CAGR of 5.9%. They are also expanding the device market to Saudi Arabia and the United Arab Emirates, assisting their global expansion.
The bariatric surgery devices market is segmented into information by type, procedure, and end-users. Based on information by type, the market is segregated into Minimally Invasive Surgical Devices and Non-invasive Surgical Devices. When it comes to Procedure, it is fragmented into Sleeve Gastrectomy, Gastric Bypass, Revision Surgery, and Adjustable Gastric Band. Furthermore, the market based on end-user is divided into Hospitals, Specialty Centers, and Ambulatory Surgical Centers.
The competitive landscape for bariatric surgery equipment lists information by competitor. The list includes information about the company's finances, revenue generated, market potential, R&D investments, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The key players are Medtronic (Ireland), TransEnterix Surgical, Inc. (US), Johnson & Johnson Services Inc. (US), Apollo Endosurgery, Inc. (US), ReShape Lifesciences, Inc. (US), Intuitive Surgical Inc. (US), Spatz FGIA, Inc. (US), Mediflex Surgical Products (US), Olympus Corporation (Japan), and Aspire Bariatrics (US).