According to the latest report by IMARC Group titled, “Bariatric Surgery Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global bariatric surgery devices market exhibited strong growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 7% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends
Bariatric surgery devices refer to the surgical equipment used to conduct bariatric procedures for weight loss. These procedures limit the food holding capacity of stomach, thereby causing nutrients malabsorption. Bariatric surgery devices enhance the development of gut hormones to reduce appetite. These devices majorly include stapling devices, vessel sealing devices, suturing devices, trocars, adjustable gastric bands, gastric balloons, electrical stimulators, etc.
The growing incidences of lifestyle disorders, such as obesity, diabetes, cardiovascular diseases, etc., have propelled the demand for bariatric surgeries. Furthermore, the high prevalence of sedentary consumer lifestyles, along with unhealthy food habits, have also augmented the chances of weight-related medical conditions. In line with this, the growing consumer concerns have propelled the wide adoption of bariatric surgery devices, particularly across the developed nations. Additionally, the emergence of minimally invasive (MI) bariatric procedures with reduced postoperative stress, further bolsters the market. Moreover, various technological advancements have led to the introduction of innovative surgical devices with enhanced cosmetic outcomes. Besides this, the rapid integration of surgical robots with bariatric equipment is expected to foster the market in the coming years.
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List of Key Companies Covered in this Market Report:
- Apollo Endosurgery Inc.
- GI Dynamics
- Intuitive Surgical Inc.
- Johnson & Johnson Services Inc.
- Medtronic Inc.
- Olympus Corporatio
- Reach Surgical Inc.
- Reshape Lifesciences Inc.
- Spatz Fgia Inc.
- TransEnterix Inc.
- USGI Medical Inc.
The report has segmented the market on the basis of procedure type, device type, implantable device, procedure, application, end user and geography.
Breakup by Procedure Type:
- Minimally Invasive Surgical Procedures
- Non-Invasive Surgical Procedures
Breakup by Device Type:
- Assisting Devices
- Stapling Devices
- Energy Based Vessel Sealing Devices
- Suturing Devices
- Trocars
- Clip Appliers
- Others
- Implantable Devices
- Gastric Bands
- Electrical Stimulators
- Gastric Balloons
- Transpyloric Shuttle
- Others
Breakup by Procedure:
- Sleeve Gastrectomy
- Adjustable Gastric Banding
- Roux-en-Y Gastric Bypass
- Biliopancreatic Diversion with Duodenal Switch
- Others
Breakup by Application:
- Weight Loss
- Hereditary Disease
- Other Disorders
Breakup by End-User:
- Bariatric Surgery Clinics
- Hospitals
- Others
Breakup by Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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