Bariatric Surgery Devices Market Highlights
The global bariatric surgery devices market is expected to reach a strong valuation of USD 2.4 billion by 2025, according to the latest research report from Market Research Future (MRFR). The global bariatric surgery devices market is expected to exhibit a solid 5.9% CAGR over the forecast period from 2019 to 2025. The report presents a detailed review of the major drivers and restraints affecting the global bariatric surgery devices market, as well as a comprehensive overview of the major players operating in the global bariatric surgery devices market. The impact of the COVID-19 pandemic on the global bariatric surgery devices market is also assessed in the report.
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Bariatric surgery devices are devices used in bariatric surgery. Bariatric surgery is surgery done to reduce the body fat mass of a patient. The growing prevalence of obesity around the world has been the major driver for the bariatric surgery devices market, as this has driven the patient demographic looking for bariatric surgeries. Increasing prevalence of sedentary lifestyles in the urban world has led to a growing prevalence of obesity around the world. In recent years, this problem has grown in magnitude at a rapid pace along with the spread of urbanization in emerging, developing economies. The growing urbanization has resulted in an increasing prevalence of obesity among the consumers. Healthcare agencies in urban areas have also developed at a steady growth rate, offering increasingly advanced services, such as bariatric surgeries. This is also likely to remain a key driver for the global bariatric surgery devices market over the forecast period, as healthcare agencies are more advanced in urban areas around the world.
The increasing development of surgical tools that allow minimally invasive bariatric surgery is likely to be a major driver for the global bariatric surgery devices market. Conventional bariatric surgery can be a messy affair. However, with the development of minimally invasive protocols, bariatric surgery can be performed in a sleek, smooth manner that reduces the mess created by the process. This is likely to remain a major driver for the global bariatric surgery devices market over the forecast period.
Bariatric Surgery Devices Market Competitive Leaderboard:
Leading players in the global bariatric surgery devices market include Spatz FGIA Inc., Aspire Bariatrics, TransEnterix Surgical Inc., Mediflex Surgical Products, Olympus Corporation, ReShape Lifesciences Inc., Johnson & Johnson Services Inc., Intuitive Surgical Inc., Apollo Endosurgery Inc., and Medtronic. Major players in the global bariatric surgery devices market are likely to focus on the development of minimally invasive bariatric surgery devices over the forecast period, as this segment is likely to exhibit increasing demand over the coming years.
Bariatric Surgery Devices Market Segmentation:
The global bariatric surgery devices market is segmented on the basis of type, procedure, end use, and region.
By type, the global bariatric surgery devices market is segmented into minimally invasive surgical devices and noninvasive surgical devices. The minimally invasive surgical devices segment is further sub-segmented into stapling devices, energy/vessel sealing devices, suturing devices, and accessories. Minimally invasive surgical devices hold the dominant share in the global bariatric surgery devices market and are likely to grow at the higher growth rate over the forecast period. The minimally invasive surgical devices segment was valued at USD 1.5 billion in 2018.
By procedure, the global bariatric surgery devices market is segmented into sleeve gastrectomy, gastric bypass, revision surgery, adjustable gastric band, and others.
By end use, the global bariatric surgery devices market is segmented into hospitals, specialty centers, ambulatory surgical centers, and others. The hospitals segment holds the largest share in the global bariatric surgery devices market and is likely to remain the dominant segment over the forecast period.
Bariatric Surgery Devices Market Regional Analysis:
The Americas hold the largest share in the global bariatric surgery devices market, followed by Europe. Asia Pacific holds the third largest share in the global market, but is likely to grow at the highest growth rate over the forecast period due to the growing prevalence of obesity and the increasing awareness about bariatric surgery in Asia Pacific.
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NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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