Market Trends of United States Bariatric Surgery Industry
This section covers the major market trends shaping the US Bariatric Surgery Market according to our research experts:
Closure Device Segment is Expected to Register a High CAGR in the Assisting Device Segment
Closure devices are used to reconnect tissues during surgical procedures, also for closing incisions made by trocars. The laparoscopic port closure device helps obese patients undergoing bariatric procedures and surgeries by successfully and safely closing port sites.
The closure devices segment is expected to show high growth, as they are widely used in minimally invasive surgeries, where immediate closure of very small incisions made at the time of surgical procedures is required.
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 United States Food and Drug Administration (FDA). These new product launches by major players for new closure devices are propelling the studied market growth.
In 2019, in the United States, the adult obesity rates exceeded 35% in nine states, 30% in 31 states, and 25% in 48 reports the Behavioral Risk Factor Surveillance System (BRFSS) 2019 data. According to the same source, Mississippi and West Virginia carried the highest adult obesity rate at 39.5% and Colorado had the lowest rate at 23%. Also, the reports summed up by Trust for America's Health organization, in 2020 the adult obesity rate was at 42.4%, the first time the national rate has passed the 40% mark and national adult obesity rate has increased by 26% since 2008. These increasing burden of obesity among population is increasing the demand of bariatric surgeries and these increases the demand for more closure devices to be used for bariatric surgeries and contribute to the faster growth of this segment.
