Bariatric Surgery Devices Market is Growing at a CAGR of 7% During 2022-2027
According to IMARC Group latest published report, The global bariatric surgery devices market reached a value of US$ 2.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.6 Billion by 2027, exhibiting a CAGR of 5.65% during 2022-2027.
Year Considered to Estimate the Market Size:
Base Year of the Analysis: 2021
Historical Period: 2016-2021
Forecast Period: 2022-2027
Bariatric surgery devices refer to the surgical equipment used to conduct bariatric procedures for weight loss. These procedures limit the food holding capacity of stomach, thereby causing nutrients malabsorption. Bariatric surgery devices enhance the development of gut hormones to reduce appetite. These devices majorly include stapling devices, vessel sealing devices, suturing devices, trocars, adjustable gastric bands, gastric balloons, electrical stimulators, etc.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Bariatric Surgery Devices Market Trends:
The growing incidences of lifestyle disorders, such as obesity, diabetes, cardiovascular diseases, etc., have propelled the demand for bariatric surgeries. Furthermore, the high prevalence of sedentary consumer lifestyles, along with unhealthy food habits, have also augmented the chances of weight-related medical conditions. In line with this, the growing consumer concerns have propelled the wide adoption of bariatric surgery devices, particularly across the developed nations. Additionally, the emergence of minimally invasive (MI) bariatric procedures with reduced postoperative stress, further bolsters the market. Moreover, various technological advancements have led to the introduction of innovative surgical devices with enhanced cosmetic outcomes. Besides this, the rapid integration of surgical robots with bariatric equipment is expected to foster the market in the coming years.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
The report has segmented the market on the basis of Procedure Type, Device Type, Application, and Region.
Breakup by Procedure Type:
- Minimally Invasive Surgical Procedures
- Non-Invasive Surgical Procedures
Breakup by Device Type:
- Assisting Devices
- Implantable Devices
Breakup by Procedure:
- Sleeve Gastrectomy
- Adjustable Gastric Banding
- Roux-en-Y Gastric Bypass
- Biliopancreatic Diversion with Duodenal Switch
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Breakup by Application:
- Weight Loss
- Hereditary Disease
- Other Disorders
Breakup by End-User:
- Bariatric Surgery Clinics
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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