Bariatric Surgery Devices Market size to exceed USD 2bn by 2025
Published Date: August 14, 2019 Authors: Sumant Ugalmugle
Bariatric Surgery Devices Market size is set to exceed USD 2 billion by 2025; according to a new research report by Global Market Insights, Inc.
Rising incidences of obesity drives the demand for minimally invasive bariatric surgical devices. Obesity is a major public health concern in the U.S. that has been linked to several health problems such as breathing problems, diabetes, heart disease, high blood pressure and stroke. Additionally, being obese may increase the risk for numerous diseases therefore FDA has approved four types of devices intended for weight-loss. Also, gastric band, electrical stimulation systems, gastric balloon systems and gastric emptying systems are extensively used to treat overweight individuals. Above-mentioned factors and improving regulatory scenario for patient’s convenience will augment the bariatric surgery devices market growth.
Technological advancements leading to high accuracy will foster the business growth. Frequent upgradation to newer technology allows introduction of minimally invasive and incision less bariatric surgery solutions. Also, significant rise in number of obese people will lead huge demand for bariatric surgical procedure, thereby, will boost obesity surgical devices industry growth. Moreover, advancements to minimize undesirable effects and complications post-surgery for better patient outcome further favors the bariatric surgery devices demand. However, dearth of skilled healthcare professionals in developing economies may restrict bariatric surgery devices market growth during the forthcoming years.
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Minimally invasive surgical devices segment was valued more than 1 billion in 2018 and will show lucrative growth during the analysis period. Benefits associated with minimally invasive surgical instruments such as reduced pain, minimized blood loss along with slighter incision length, make it a preferable treatment option thereby, accelerates segmental growth. Moreover, technological advancements in suturing devices and stapling devices substantially increases the demand for bariatric surgery devices.
Sleeve gastrectomy segment accounted for around 44% revenue share in 2018 and will show considerable CAGR by 2025. Segment growth can be attributable to advantages associated with sleeve gastrectomy including better patient outcomes, less complications and reduced hospital stay. Furthermore, increase in adoption of sleeve gastrectomy procedure is expected to propel bariatric surgery devices business growth.
Browse key industry insights spread across 152 pages with 160 market data tables & 7 figures & charts from the report, “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), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
North America bariatric surgery devices market was valued over USD 500 million in 2018. High adoption of surgery devices coupled with rising prevalence of obesity will drive the regional growth. Additionally, as number of bariatric surgeries are increasing annually in North America the demand for minimally invasive bariatric surgical devices should foster the business growth.
Some of the prominent industry players operating in bariatric surgery devices market include B. Braun, CONMED, Intuitive Surgical, Apollo Endosurgery, Medtronic, Integra Life Sciences, Ethicon, Olympus, W. L. Gore & Associates, and Reshape Lifesciences. Numerous initiatives undertaken by business players including new product launches, mergers, and collaborations to sustain in the market will prove beneficial for industry growth. For instance, in February 2017, Medtronic introduced innovative Signia Stapling System. A system that provides automated response to real time data for minimally invasive surgeries, with an aim to diversify its product portfolio. Furthermore, in May 2016, Apollo Endosurgery and Zillion launched ORBERA Coach platform. ORBERA is on-demand telehealth program and it provides virtual support tailored for the needs of patients that go through FDA approved ORBERA Gastric Balloon procedure. This strategy has enhanced its existing product portfolio.
Bariatric surgery devices market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2014 to 2025, for the following segments:
By Product, 2014-2025 (USD Million)
- Minimally Invasive Surgical Devices
- Stapling Devices
- Energy/Vessel-sealing Devices
- Suturing Devices
- Non-invasive Surgical Devices
By Procedure, 2014-2025 (USD Million)
- Sleeve Gastrectomy
- Gastric Bypass
- Revision Bariatric Surgery
- Non-invasive Bariatric Surgery
- Adjustable Gastric Banding
- Mini-gastric Bypass
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East Asia & Africa
- South Africa
- Saudi Arabia