Market Size of Brazil Bariatric Surgery Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 2.50 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Brazil Bariatric Surgery Market Analysis
The Brazil Bariatric Surgery Market is expected to register a CAGR of 2.5% during the forecast period. There are certain factors propelling the growth of the market, includes increasing obesity patients, growing government initiatives to curb obesity, and rising prevalence rate of type 2 diabetes and heart diseases.
According to the Ministério da Saúde Brazil, in Brazil, in 2018 there were about 19.8% adult population with obese up from 18.9% in 2017 and 17.9% in 2014. as the number of the adult population with the obese condition is increasing which drives the market in the coming years.
Furthermore, as per the Health Ministry Survey Brazil, a sedentary lifestyle in the country and a larger number of people take soft drinks and sugared beverages away from their tables is anticipated to lead to the growth of the Brazil bariatric surgery market.
Brazil Bariatric Surgery Industry Segmentation
As per the scope of the report, bariatric surgery or weight loss surgery is used as one of the major treatment procedures for treating obesity. It is generally the last option for patients who have failed to lose weight by several other means. During this procedure, the size of the stomach is reduced by either removing some parts of the stomach or by using a gastric band. The Brazil Bariatric Surgery Market is segmented by the device.
By Device | |||||||
| |||||||
| |||||||
Other Devices |
Brazil Bariatric Surgery Market Size Summary
The Brazil bariatric surgery market is poised for steady growth, driven by an increasing prevalence of obesity and related health conditions such as type 2 diabetes and heart diseases. Government initiatives aimed at combating obesity are further propelling market expansion. The rising number of obese adults in Brazil, coupled with lifestyle factors like sedentary habits and high consumption of sugary beverages, is expected to boost the demand for bariatric procedures. The market is characterized by the use of advanced surgical technologies, including laparoscopic port closure devices, which are essential for minimally invasive surgeries. These devices are anticipated to see significant growth due to their critical role in ensuring safe and effective surgical outcomes.
The competitive landscape of the Brazil bariatric surgery market is moderately consolidated, with major players like Apollo Endosurgery Inc, Johnson and Johnson (Ethicon), and Medtronic Plc leading the charge. Despite the presence of these large entities, smaller players also hold a substantial share, contributing to the market's dynamic nature. As the medical device market continues to expand, it is expected that new entrants will emerge, further intensifying competition. The high burden of obesity in Brazil is a key factor driving the increase in bariatric surgeries, suggesting a robust growth trajectory for the market in the coming years.
Brazil Bariatric Surgery Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Overview
-
1.2 Market Drivers
-
1.2.1 Increase in Obesity Patients
-
1.2.2 Rising Prevalence of Type 2 Diabetes and Heart Diseases
-
1.2.3 Government Initiatives to Curb Obesity
-
-
1.3 Market Restraints
-
1.3.1 High Cost of Surgery
-
-
1.4 Porter's Five Force Analysis
-
1.4.1 Threat of New Entrants
-
1.4.2 Bargaining Power of Buyers/Consumers
-
1.4.3 Bargaining Power of Suppliers
-
1.4.4 Threat of Substitute Products
-
1.4.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 By Device
-
2.1.1 Assisting Devices
-
2.1.1.1 Suturing Device
-
2.1.1.2 Closure Device
-
2.1.1.3 Stapling Device
-
2.1.1.4 Trocars
-
2.1.1.5 Other Assisting Devices
-
-
2.1.2 Implantable Devices
-
2.1.2.1 Gastric Bands
-
2.1.2.2 Electrical Stimulation Devices
-
2.1.2.3 Gastric Balloons
-
2.1.2.4 Gastric Emptying
-
-
2.1.3 Other Devices
-
-
Brazil Bariatric Surgery Market Size FAQs
What is the current Brazil Bariatric Surgery Market size?
The Brazil Bariatric Surgery Market is projected to register a CAGR of 2.5% during the forecast period (2024-2029)
Who are the key players in Brazil Bariatric Surgery Market?
Medtronic PLC, Johnson and Johnson (Ethicon Inc), Apollo Endosurgery Inc, B. Braun Melsungen AG and Spatz FGIA are the major companies operating in the Brazil Bariatric Surgery Market.