What is Global Bariatric Surgical Devices Market?
The Global Bariatric Surgical Devices Market is a rapidly expanding sector within the healthcare industry. Bariatric surgery is a medical procedure that aids in weight loss by either limiting the amount of food the stomach can hold or by reducing the absorption of nutrients. The devices used in these procedures are collectively referred to as Bariatric Surgical Devices. These devices play a crucial role in performing surgeries that are safer, more efficient, and less invasive. The market for these devices is driven by the increasing prevalence of obesity worldwide, advancements in surgical procedures, and the growing awareness about bariatric surgery among the population. The market is also influenced by factors such as the cost of surgery, the availability of non-surgical alternatives, and the risks associated with bariatric surgery.
Assisting Devices, Implantable Devices in the Global Bariatric Surgical Devices Market:
The Global Bariatric Surgical Devices Market is segmented into Assisting Devices and Implantable Devices. Assisting Devices are tools that aid surgeons during bariatric surgery. These include trocars, suturing devices, stapling devices, closure devices, and others. On the other hand, Implantable Devices are those that are inserted into the body during surgery. These include gastric bands, electrical stimulation devices, gastric balloons, and gastric emptying systems. Each of these devices has its own set of advantages and disadvantages, and their usage depends on the specific requirements of the surgery. The choice of device also depends on factors such as the patient's health condition, the surgeon's expertise, and the cost-effectiveness of the device.
Hospitals, Ambulatory Surgical Centers, Others in the Global Bariatric Surgical Devices Market:
The Global Bariatric Surgical Devices Market finds its application in various healthcare settings such as Hospitals, Ambulatory Surgical Centers, and others. Hospitals are the largest end-users of these devices due to the high volume of bariatric surgeries performed in these settings. Ambulatory Surgical Centers, on the other hand, are gaining popularity due to their cost-effectiveness and convenience. These centers are equipped with advanced bariatric surgical devices and offer outpatient services, which means patients can return home the same day of the surgery. Other settings where these devices are used include clinics and home care settings. The usage of these devices in different settings is influenced by factors such as the availability of skilled professionals, the infrastructure of the healthcare setting, and the patient's preference.
Global Bariatric Surgical Devices Market Outlook:
The Global Bariatric Surgical Devices Market has shown significant growth in recent years. In 2023, the market was valued at US$ 1660.5 million and is projected to reach a value of US$ 2611 million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.6% during the forecast period from 2024 to 2030. This growth can be attributed to the increasing prevalence of obesity and the advancements in bariatric surgical procedures. Furthermore, the global market for medical devices, which includes bariatric surgical devices, was estimated to be worth US$ 603 billion in 2023 and is expected to grow at a CAGR of 5% over the next six years.
| Report Metric | Details |
| Report Name | Bariatric Surgical Devices Market |
| Accounted market size in 2023 | US$ 1660.5 million |
| Forecasted market size in 2030 | US$ 2611 million |
| CAGR | 6.6% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Standard Bariatrics, Medtronic, Johnson and Johnson, Aspire Bariatrics, GI Dynamics, TransEnterix, USGI Medical, Apollo Endosurgery, Olympus, Mediflex Surgical Product, EnteroMedics |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
