Asia-Pacific Bariatric Surgery Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 8.50 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Asia-Pacific Bariatric Surgery Market Analysis
The Asia-Pacific Bariatric Surgery Market is expected to register a CAGR of 8.5% during the forecast period. The key factors propelling the growth of the Asia pacific bariatric surgery market is the increase in the number of obese patients and the rising prevalence rate of type-2 diabetes and heart diseases.
Obesity is considered a metabolic dysfunction and is often associated with a wide range of chronic illnesses that cause significant increases in mortality. Obesity is found to be associated with substantial increases in premature mortality, impaired quality of life, and a substantial amount of healthcare costs.
As per Australian Bureau of Statistics' National Health Survey, in 2017-2018, about two thirds (67%) of Australian adults were overweight or obese (12.5 million people), up from 63.4% in 2014-2015. It is also indicated that almost one quarter (24.9%) of children who are aged 5-17 years were overweight or obese in 2017-2018 (17% overweight and 8.1% obese).
In addition, the emergence of new technologies in bariatric surgery and growing demand for minimally invasive surgical procedures that are acting as the key drivers for the market growth during the forecast period. Thus, bariatric surgery market in Asia-Pacific is expected to show significant growth over the forecast period.
Asia-Pacific Bariatric Surgery Market Trends
This section covers the major market trends shaping the APAC Bariatric Surgery Market according to our research experts:
Stapling Devices Segment is Expected to Hold a Major Market Share in the Asia-Pacific Bariatric Surgery Market
The stapling devices segment is expected to show a comparatively higher growth rate over the forecast period, as compared to other devices used in the bariatric surgeries. It is the most commonly used device, as it tends to result in greater and more consistent weight loss among patients, along with a greater reduction in obesity-related health problems. As per Ministry of Health, Labour and Welfare of Japan (MHLW), in 2017, approximately 19.4% of female adults who were aged 20 years and over were overweight, up from around 19% in 2016. Thus, owing to the increasing prevalence of obesity the segment is expected to show significant growth in the coming years.
Asia-Pacific Bariatric Surgery Industry Overview
The Asia-Pacific Bariatric Surgery Market is consolidated competitive. The manufacturers are innovating new technologies, which are non-invasive, for reducing patients' time in the hospitals, decreasing the chances of infection, and saving the cost. Additionally, smaller players are implementing strategies, such as acquisitions, to expand their product portfolio and gain roots in the industry.
Asia-Pacific Bariatric Surgery Market Leaders
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Medtronic PLC
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Johnson and Johnson (Ethicon Inc)
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Olympus Corporation
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Conmed Corporation
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Apollo Endosurgery Inc
*Disclaimer: Major Players sorted in no particular order
Asia-Pacific Bariatric Surgery Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Increase in Obesity Patients
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4.2.2 Government Initiatives to Curb Obesity
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4.2.3 Rising Prevalence of Type 2 Diabetes and Heart Diseases
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4.3 Market Restraints
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4.3.1 High Cost of Surgery
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4.4 Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Device
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5.1.1 Assisting Devices
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5.1.1.1 Suturing Device
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5.1.1.2 Closure Device
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5.1.1.3 Stapling Device
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5.1.1.4 Trocars
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5.1.1.5 Other Assisting Devices
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5.1.2 Implantable Devices
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5.1.2.1 Gastric Bands
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5.1.2.2 Electrical Stimulation Devices
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5.1.2.3 Gastric Balloons
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5.1.2.4 Gastric Emptying
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5.1.3 Other Devices
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5.2 Geography
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5.2.1 Asia-Pacific
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5.2.1.1 China
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5.2.1.2 Japan
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5.2.1.3 India
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5.2.1.4 Australia
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5.2.1.5 South Korea
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5.2.1.6 Rest of Asia-Pacific
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 Medtronic PLC
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6.1.2 Johnson and Johnson (Ethicon Inc)
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6.1.3 Olympus Corporation
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6.1.4 Conmed Corporation
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6.1.5 Apollo Endosurgery Inc
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6.1.6 Intuitive Surgical Inc
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6.1.7 B. Braun Melsungen AG
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6.1.8 ReShape Lifesciences Inc
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6.1.9 GI Dynamics
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6.1.10 The Cooper Companies
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Asia-Pacific Bariatric Surgery Industry Segmentation
As per the scope of the report, bariatric surgery is a medical procedure that aids the weight loss by either limiting the capacity of the stomach or the absorption of the calories. This is the most effective weight loss therapy available for patients with morbid obesity, and it involves either open or laparoscopic techniques. The Asia-Pacific Bariatric Surgery Market is segmented by the device (assisting devices, implantable devices and other devices).
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| Other Devices |
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Asia-Pacific Bariatric Surgery Market Research FAQs
What is the current Asia-Pacific Bariatric Surgery Market size?
The Asia-Pacific Bariatric Surgery Market is projected to register a CAGR of 8.5% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Bariatric Surgery Market?
Medtronic PLC, Johnson and Johnson (Ethicon Inc), Olympus Corporation, Conmed Corporation and Apollo Endosurgery Inc are the major companies operating in the Asia-Pacific Bariatric Surgery Market.
What years does this Asia-Pacific Bariatric Surgery Market cover?
The report covers the Asia-Pacific Bariatric Surgery Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Bariatric Surgery Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
APAC Bariatric Surgery Industry Report
Statistics for the 2024 APAC Bariatric Surgery market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. APAC Bariatric Surgery analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
APAC Bariatric Surgery Market Report Snapshots
