Market Size of United States Bariatric Surgery Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Market Size (2024) | USD 0.85 Billion |
Market Size (2029) | USD 1.09 Billion |
CAGR (2024 - 2029) | 5.19 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
United States Bariatric Surgery Market Analysis
The United States Bariatric Surgery Market size is estimated at USD 0.85 billion in 2024, and is expected to reach USD 1.09 billion by 2029, growing at a CAGR of 5.19% during the forecast period (2024-2029).
There are certain factors propelling the growth of the market, including increasing obesity patients, growing government initiatives to curb obesity, and a rising prevalence rate of type 2 diabetes and heart diseases in the country.
As per United States National Health Statistics Reports published in June 2021, among adults aged 20 and over, the prevalence of obesity was 41.9%, severe obesity was 9.2%, and diabetes was 14.8%. The increase in the prevalence of obesity among the population is expected to drive the bariatric surgery market in the United States. Furthermore, the presence of established healthcare infrastructure along with the presence of a large number of market players in the country is expected to boost market growth over the forecast period. For instance, in September 2020, Ethicon, part of Johnson & Johnson Medical Devices Companies, launched ECHELON ENDOPATH Staple Line Reinforcement (SLR), a buttressing device designed to reduce potential complications during bariatric procedures.
United States 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 United States Bariatric Surgery Market is segmented by the device (Assisting Devices, and Implantable Devices). The report offers the value (in USD million) for the above segments.
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United States Bariatric Surgery Market Size Summary
The United States bariatric surgery market is poised for significant growth over the forecast period, driven by an increasing prevalence of obesity and related health conditions such as type 2 diabetes and heart diseases. The market is supported by government initiatives aimed at combating obesity and a robust healthcare infrastructure. The presence of numerous established market players further enhances the growth prospects. Innovations in surgical devices, such as Ethicon's ECHELON ENDOPATH Staple Line Reinforcement and Standard Bariatrics' Titan SGS stapling technology, are expected to propel the market forward. These advancements are particularly relevant in the closure devices segment, which is anticipated to experience high growth due to its application in minimally invasive surgeries.
The competitive landscape of the United States bariatric surgery market is moderately consolidated, with major players like Medtronic PLC, Johnson and Johnson (Ethicon Inc.), and Intuitive Surgical Inc. leading the charge. The market also includes smaller players who hold a substantial share. The introduction of new surgical devices, such as Olympus's POWERSEAL advanced bipolar surgical energy devices, underscores the dynamic nature of the market. As the demand for bariatric surgeries continues to rise, driven by the increasing obesity rates, the market is expected to attract new entrants, further intensifying competition and innovation in the coming years.
United States Bariatric Surgery Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increase in Obesity Patients
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1.2.2 Rising Prevalence Rate of Type 2 Diabetes and Heart Diseases
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1.2.3 Growing Government Initiatives to Curb Obesity
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1.3 Market Restraints
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1.3.1 High Cost of Surgery
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD million)
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2.1 By Device
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2.1.1 Assisting Devices
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2.1.1.1 Suturing Device
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2.1.1.2 Closure Device
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2.1.1.3 Stapling Device
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2.1.1.4 Trocars
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2.1.1.5 Other Assisting Devices
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2.1.2 Implantable Devices
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2.1.2.1 Gastric Bands
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2.1.2.2 Electrical Stimulation Devices
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2.1.2.3 Gastric Balloons
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2.1.2.4 Gastric Emptying
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2.1.2.5 Other Devices
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United States Bariatric Surgery Market Size FAQs
How big is the United States Bariatric Surgery Market?
The United States Bariatric Surgery Market size is expected to reach USD 0.85 billion in 2024 and grow at a CAGR of 5.19% to reach USD 1.09 billion by 2029.
What is the current United States Bariatric Surgery Market size?
In 2024, the United States Bariatric Surgery Market size is expected to reach USD 0.85 billion.