Bariatric Surgery Devices Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 2.66 Billion |
| Market Size (2029) | USD 3.43 Billion |
| CAGR (2024 - 2029) | 5.20 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
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?
Bariatric Surgery Devices Market Analysis
The Bariatric Surgery Devices Market size is estimated at USD 2.66 billion in 2024, and is expected to reach USD 3.43 billion by 2029, growing at a CAGR of 5.20% during the forecast period (2024-2029).
The COVID-19 pandemic significantly impacted the market's growth due to the postponement of elective surgeries during the pandemic. For instance, according to the data published by the World Economic Forum in 2020, around 28 million elective surgeries across the globe were canceled during 12 weeks of peak disruption during the COVID-19 pandemic. Such circumstances have decreased the demand for bariatric surgery devices and limited the market's growth during the pandemic. However, during the post-pandemic period, the relaxation of restrictions has increased the patient influx, increasing the demand for bariatric surgery devices and contributing to market growth.
The major factors, such as the increasing burden of obesity and the rising prevalence of diabetes and cardiovascular diseases, are expected to drive market growth in the forecast period. The data published by the European Heart Network in 2021 reported that more than 60 million people were living with cardiovascular disease in the European Union, and nearly 13 million new cases of cardiovascular diseases were diagnosed. Similarly, data from the International Diabetes Federation published in 2021 stated that globally, around 537 million adults were living with diabetes as of 2021. The total number of people living with diabetes is projected to rise to 643 million by 2030 and 783 million by 2045. The increase in chronic diseases such as diabetes and cardiovascular diseases among the global population is one of the crucial factors associated with obesity or being overweight, leading to the increasing demand for bariatric surgery devices, attributed to the market growth.
Additionally, according to the WHO data published in May 2022, it was found that over 60% of adults were obese in European countries during the year 2021, whereas 29% of adult males and 27% of adult females were overweight or obese. The same report stated that overweight and obesity rank fourth among the region's risk factors for non-communicable diseases, after high blood pressure, unhealthy eating, and smoking. Hence, owing to the high burden of obesity and the increasing prevalence of risk factors for obesity are expected to fuel growth in the bariatric surgery devices market over the forecast period.
Therefore, it is observed that the growing prevalence of diabetes and obesity is likely to drive the market for bariatric surgery devices over the upcoming years. However, the high surgery cost and lack of knowledge and awareness in developing and underdeveloped nations may restrain market growth.
Bariatric Surgery Devices Market Trends
The Assisting Devices segment is Expected to Hold a Major Market Share in the Bariatric Surgery Devices Market
The assisting devices are expected to hold a dominating share in the studied market during the forecast period. This is mainly due to the increasing prevalence of the obese population across the globe, leading to the demand for bariatric surgery devices, thereby propelling the market's growth. Various factors, such as unhealthy habits or lack of physical activity, cause obesity. For instance, the World Health Organization (WHO) published in 2021 that modifiable behavioral risk factors such as tobacco use account for over 7.2 million deaths yearly, and 1.6 million deaths annually can be attributed to insufficient physical activity in the United States.
Additionally, increasing innovative launches to simplify surgeries are expected to drive the market's growth. For instance, in July 2022, the United States FDA provided de novo authorization for Apollo Endosurgery to market its Apollo ESG and Apollo REVISE endoscopic systems for the treatment of patients with obesity. With such new launches, the segment studied is expected to grow considerably during the forecast period.
Furthermore, in September 2021, Olympus launched the POWERSEAL advanced bipolar surgical energy devices to strengthen its surgical portfolio. The POWERSEAL devices can be used in numerous forms of surgical intervention, including bariatric surgical procedures.
Thus, due to the new launches and rising prevalence of obesity, the assisting devices segment is expected to propel over the forecast period.
North America is Expected to Hold a Significant Share in the Market
The market for bariatric surgery devices in the United States is driven by the increasing use of advanced technology in healthcare systems and the country's rising burden of chronic diseases. The major factors attributing to the market growth include a sedentary lifestyle, lack of physical activity, lack of proper diet, anxiety, and stress resulting in chronic diseases such as diabetes and obesity. For instance, in 2022, the CDC mentioned that more than 795,000 people in the United States have a stroke yearly. About 610,000 of these are first or new strokes. To avoid the further complications associated with obesity, there is a growing demand for bariatric surgeries across the region.
As per the United States National Health Statistics Reports published in June 2021, obesity was 41.9%, severe obesity was 9.2%, and diabetes was 14.8% among adults aged 20 and over. The increase in the prevalence of obesity among the population is expected to drive the bariatric surgery market in the United States.
Moreover, product launches by the key market players in the region are expected to boost market growth. For instance, in May 2021, Standard Bariatrics announced the launch of its novel Titan SGS stapling technology, specifically designed for bariatric sleeve surgery. Also, the device has been cleared by the FDA. These new product launches by major players for new closure devices propel the studied market's growth. Similarly, in June 2021, Ethicon, part of the Johnson & Johnson Medical Devices Companies, launched the ENSEAL X1 Curved Jaw Tissue Sealer for colorectal, gynecological, bariatric surgery, and thoracic procedures. These new product launches by major players for new closure devices propel the studied market's growth.
Thus, due to the factors mentioned above, the market is expected to witness a boost in growth in this region during the forecast period.
Bariatric Surgery Devices Industry Overview
The Bariatric Surgery Devices Market is fragmented competitive and consists of several major players. In terms of market share, a few major players dominate the market. Some companies currently dominating the market are Apollo Endo Surgery Inc., Johnson & Johnson, TransEnterrix Inc., Allergenc, Inc., Reshape Medical, Inc., Medtronic plc, Entero Medica Inc., Asprie Bariatrics Inc., and others.
Bariatric Surgery Devices Market Leaders
Apollo EndoSurgery, Inc
Medtronic Plc
Johnson and Johnson
Entero Healthcare
Aspire Bariatrics, Inc
*Disclaimer: Major Players sorted in no particular order
Bariatric Surgery Devices Market News
- August 2022: Teleflex signed up to purchase Standard Bariatrics, one of the significant players in the bariatric surgery devices market, for USD 170 million in cash upfront, with the potential for up to USD 130 million in additional payments after passing certain commercial milestones.
- January 2022: Apollo Hospital, Hyderabad, on Sunday announced that it performed the first Complete Robotic Bariatric surgery, a first-of-its-kind operation in the Telugu states. The surgery was performed on a 40-year-old Somalian patient, Hibibo Abdulle Mohamed, who weighed 180 kg and suffered various health complications.
Bariatric Surgery Devices Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increase in Obese Population
4.2.2 Prevalence of Diabetes and Heart Diseases
4.2.3 Increasing Awareness About Unhealthy Lifestyle
4.3 Market Restraints
4.3.1 Lack of Knowledge and Awareness in Developing and Underdeveloped Nations
4.3.2 High Cost of surgery
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers/Consumers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD)
5.1 By Device Type
5.1.1 Assisting Devices
5.1.2 Implantable Devices
5.2 By End-User
5.2.1 Bariatric Surgery Clinics
5.2.2 Hospitals
5.2.3 Ambulatory Surgical Centers
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 South Korea
5.3.3.6 Rest of Asia-Pacific
5.3.4 Middle-East and Africa
5.3.4.1 GCC
5.3.4.2 South Africa
5.3.4.3 Rest of Middle-East and Africa
5.3.5 South America
5.3.5.1 Brazil
5.3.5.2 Argentina
5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Apollo Endosurgery Inc
6.1.2 Johnson& Johnson
6.1.3 TransEnterrix Inc
6.1.4 Allergenc, Inc
6.1.5 ReShape Medical, Inc
6.1.6 Medtronic Plc
6.1.7 Entero Medica, Inc
6.1.8 Aspire Bariatrics Inc
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Bariatric Surgery Devices Industry Segmentation
As per the scope of this report, gastric bypass and other weight-loss surgeries, known collectively as bariatric surgery, involve changes to patients' digestive systems to help them lose weight. The devices used in such types of surgery are known as bariatric surgery devices. The Bariatric Surgery Market is segmented by Device Type (Assisting Devices and Implantable Devices), End-User (Bariatric Surgery Clinics, Hospitals, Ambulatory Surgical Centers, and Geography (North America, Europe, Asia-pacific, Middle East, Africa, and South America). The Market report also covers the estimated market sizes and trends of 17 countries across major regions globally. The report offers values (in USD) for the above segments.
| By Device Type | |
| Assisting Devices | |
| Implantable Devices |
| By End-User | |
| Bariatric Surgery Clinics | |
| Hospitals | |
| Ambulatory Surgical Centers |
| Geography | ||||||||
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Bariatric Surgery Devices Market Research FAQs
How big is the Bariatric Surgery Devices Market?
The Bariatric Surgery Devices Market size is expected to reach USD 2.66 billion in 2024 and grow at a CAGR of 5.20% to reach USD 3.43 billion by 2029.
What is the current Bariatric Surgery Devices Market size?
In 2024, the Bariatric Surgery Devices Market size is expected to reach USD 2.66 billion.
Who are the key players in Bariatric Surgery Devices Market?
Apollo EndoSurgery, Inc, Medtronic Plc, Johnson and Johnson, Entero Healthcare and Aspire Bariatrics, Inc are the major companies operating in the Bariatric Surgery Devices Market.
Which is the fastest growing region in Bariatric Surgery Devices Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Bariatric Surgery Devices Market?
In 2024, the North America accounts for the largest market share in Bariatric Surgery Devices Market.
What years does this Bariatric Surgery Devices Market cover, and what was the market size in 2023?
In 2023, the Bariatric Surgery Devices Market size was estimated at USD 2.52 billion. The report covers the Bariatric Surgery Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Bariatric Surgery Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Bariatric Surgery Devices Industry Report
Statistics for the 2024 Bariatric Surgery Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Bariatric Surgery Devices analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
