The global bariatric surgery market is anticipated to grow at a considerable CAGR of 9.2% during the forecast period (2022-2028). Due to recent advances in weight loss surgery or bariatric surgery, there has been a significant improvement in the reliability of procedures. Technological advancements in bariatric surgical devices is one of the major contributor adding to the growth of global bariatric surgery market. Frequent upgradation to newer technology allows the introduction of minimally invasive bariatric surgery solutions and leads to higher accuracy. Continuous technological development in the medical field such as visualization and implantable devices, 3D imaging, gastric bands are improving the medical procedures. Recent advances in ultra-high resolution and 3D imaging allows improved visualization of operative field in minimally invasive surgery.
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These technological advancements are making bariatric surgeries inexpensive, safe, and lesser invasive, which is accelerating the growth of bariatric surgical devices market. Some major Key players are increasing investments in research & development for the development of effective and minimally invasive surgical procedures. For instance, in 2021, Olympus Corporation launched the first devices in the new Powerseal family of advanced bipolar surgical energy products. The Powerseal 5mm Curved Jaw Tissue Sealer and Divider, Double-Action devices meet the highest standards of clinical performance for advanced bipolar surgical energy devices. The Powerseal devices can be used in several forms of surgical intervention including general surgery and gynaecological, colorectal, bariatric, urological, thoracic, and more. Moreover, technological advancements in suturing devices and stapling devices considerably increase the demand for bariatric surgery devices. For instance, The Titan SGS first-of-its-kind surgical stapler design received clearance from the U.S. Food and Drug Administration1 in April 2021, allowing it to be used in bariatric surgery.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
o By Procedures
o By Devices
o By End-User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Allergan, Inc., Cousin-Biotech, Medtronic PLC, Johnson & Johnson Services, Inc., Olympus Corp., ReShape Lifesciences, Inc., and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Bariatric Surgery Market Report Segment
By Procedures
- Biliopancreatic Diversion with a Duodenal Switch (bpd-ds)
- Adjustable Gastric Band Surgery
- Sleeve Gastrectomy Surgery
- Gastric Bypass Surgery
By Devices
- Gastric Bands
- Gastric Balloons
- Gastric Stapling Device
- Others (Adjustable Gastric Bands and Bariatric Bed)
By End-User
- Hospitals and Clinics
- Ambulatory Surgical Centers
