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Bariatric Surgery Devices Market Size By Product (Minimally Invasive Surgical Devices [Stapling Devices, Energy/Vessel-sealing Devices, Suturing Devices], Non-invasive Surgical Devices), By Procedure (Sleeve Gastrectomy, Gastric Bypass, Revision Bariatric Surgery, Non-invasive Bariatric Surgery, Adjustable Gastric Banding, Mini-gastric Bypass), COVID-19 Impact Analysis, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032

  • Report ID: GMI2735
  • Published Date: Dec 2022
  • Report Format: PDF

Industry Statistics

Bariatric Surgery Devices Market size was recorded at over USD 1 billion in revenue in 2022. Driven by supportive initiatives by medical device manufacturers on the development of minimally invasive bariatric surgery devices, the industry is estimated to grow at more than 6.5% CAGR from 2023 to 2032.
 

The growing number of people suffering from obesity is expected to foster market expansion. Several countries also face a grave burden of obesity-related disorders, such as diabetes, hypertension, and cardiovascular diseases, mostly in children. The rapid economic development and urbanization in the APAC region, as well as the rising inclination towards convenient, over-processed junk food, is also contributing to the soaring disease burden.
 

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Additionally, consistent technological advancements in developed economies are providing lucrative opportunities for industry penetration. Novel surgical devices with minimal harmful effects, such as reduced blood loss and short surgery time, coupled with high efficacy and better patient outcome, are set to boost market outlook.
 

High investment & maintenance costs may restrain industry progression

The high cost associated with surgical devices is a major restraining factor for bariatric surgery devices market growth. The introduction of cutting-edge surgical devices, as well as technological innovation, is accelerating the cost of equipment, thereby boosting overall healthcare expenses. The expensive equipment maintenance is also hindering business expansion. According to research by the Journal of Medical Economics, hospitals spend between USD 4,500 and USD 5,500 on surgical stapler supplies. Nonetheless, mounting government funding for R&D programs for bariatric surgery devices is slated to overcome this constraint.
 

Ability to reduce morbidity to push minimally invasive surgical devices demand

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Bariatric surgery devices market from minimally invasive surgical devices product segment was recorded at over USD 1 billion in 2022. The use of minimally invasive devices for bariatric surgery has helped surgeons lower morbidity by reducing the necessity for large surgical incisions. The need for minimally invasive surgical tools to reduce post-operative trauma and consequences has elevated drastically. Moreover, technological improvements in stapling, suturing, and vascular sealing tools have proliferated product adoption.
 

Low cost of the procedure to accelerate the need for non-invasive bariatric surgeries

Global Bariatric Surgery Devices Market Share, By Procedure,2022 (%)

Segment

Global market share (%), 2022

Sleeve Gastrectomy 

45.2%

Gastric Bypass 

29.8%

Revision Bariatric Surgery

13.5%

Non-invasive Bariatric Surgery 

0.7%

Adjustable Gastric Banding 

6.3%

Mini-gastric Bypass 

1.4%

Others

3%

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With respect to procedure, the bariatric surgery devices market is divided into adjustable gastric banding, revision bariatric surgery, gastric bypass, sleeve gastrectomy, mini-gastric bypass, non-invasive bariatric surgery, and others. The non-invasive bariatric surgery segment is primed to reach a valuation of around USD 19 million by the end of 2032. As the procedure is non-invasive, it enables very less procedural and recovery time. The consistent rise in adoption of these non-invasive bariatric surgeries due to the low cost associated with the surgery as compared to other approved procedures is speculated to fuel segment demand.
 

 

Escalating cases of childhood obesity to push APAC industry statistics

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Bariatric surgery devices market in the Asia Pacific is slated to progress at more than 7.5% CAGR between 2023 and 2032. Growing rates of obesity, particularly among younger people, and the surging burden of chronic diseases are key factors driving the demand for cutting-edge bariatric surgical equipment in the APAC region. In addition, supportive government initiatives to control the obesity issues in the region are likely to further impel product adoption.
 

Product innovation to foster the bariatric surgery devices industry outlook

Integra Life Sciences Holding Corporation, Apollo Endosurgery, Inc., CONMED Corporation, Medtronic, B. Braun Melsungen AG, Cousin Biotech, Grena Ltd., Ethicon Inc., W. L. Gore & Associates, Inc., Mediflex Surgical Products, Intuitive Surgical, ReShape Lifesciences, Inc., Olympus Corporation, and Spatz FGIA, Inc. are few companies operating in bariatric surgery devices market. They primarily engage in rigorous R&D programs and strategic alliances to remain ahead in the competitive landscape.
 

Impact of COVID-19 on the bariatric surgery devices market trends

The COVID-19 pandemic had a negative impact on the bariatric surgery devices industry as the outbreak affected numerous healthcare projects globally. Strict lockdowns and delays in elective surgical procedures caused by the rising number of coronavirus patients significantly affected product demand. However, in the post-pandemic scenario, more individuals are turning to bariatric surgery as a result of the massive backlog of surgeries due to the pandemic and the mounting awareness of health issues. Thus, bariatric procedures are anticipated to witness an upsurge in line with the resumption of the functioning of healthcare systems, which is estimated to bolster business growth in the future.
 

The bariatric surgery devices market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments:

By Product

  • Minimally invasive surgical devices
    • Stapling devices
    • Energy/vessel-sealing devices
    • Suturing devices
    • Others
  • Non-invasive surgical devices

By Procedure

  • Sleeve gastrectomy
  • Gastric bypass
  • Revision bariatric surgery
  • Non-invasive bariatric surgery
  • Adjustable gastric banding
  • Mini-gastric bypass
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • Saudi Arabia

 

Authors: Sumant Ugalmugle, Rupali Swain

Frequently Asked Questions (FAQ) :

Global market size for bariatric surgery devices was recorded at over USD 1 billion in revenue in 2022 and is set to progress at more than 6.5% CAGR over the next 10 years owing to the growing burden of obesity-related disorders such as diabetes, hypertension, and cardiovascular diseases, especially in children.
Non-invasive bariatric surgery procedure segment is anticipated to be worth USD 19 million by the end of 2032 due to the low cost associated with the surgery as compared to other approved procedures.
Minimally invasive surgical devices segment was recorded at more than USD 1 billion in 2022 as a result of promising technological improvements in stapling, suturing, and vascular sealing tools.
Bariatric surgery devices market in the Asia Pacific is slated to progress at over 7.5% CAGR between 2023 and 2032 on account of supportive government initiatives to control the obesity issues in the APAC region.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 14
  • Tables & Figures: 175
  • Countries covered: 14
  • Pages: 150
  • Upcoming Report: Details can be customized to meet your information and data needs. Feel free to share your detailed research requirements via this form.

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