Bariatric Surgery Devices Market To Reach $3.64 Billion By 2030

Bariatric Surgery Devices Market Growth & Trends

The global bariatric surgery devices market size is expected to reach USD 3.64 billion by 2030, registering a CAGR of 5.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growing incidence rate of obesity has led to many government initiatives at regional as well as global level to increase awareness related to obesity and undertake various incidence curbing action plans. For instance, the South Wales government launched the NSW Healthy Eating and Active Living Strategy 2013-2018 for preventing obesity.

In addition, to strategic planning, the governments of developed nations are also funding universities to design strategic interventions to control rising obesity. For the year 2014, New Zealand invested USD 40 million for its Healthy Families NZ anti-obesity initiative. Moreover, industry players are also trying to tackle the rising problem of obesity by launching new products. In February 2017, a startup company, Allurion Technologies, located in Massachusetts, U.S. filed a regulatory filing to report the USD 19 million raised amount out of the target of USD 27 million. The funds were intended to use for the development of non-endoscopic gastric balloon, Ellipse. This device is in the form of a capsule which when swallowed, is inflated in the stomach and deflates after months and is passed out without the need for anesthesia for its removal. This device is anticipated to revolutionize the bariatric surgery devices market due to its ease of use over the forecast period

The demand for non-invasive surgeries is also increasing, as non-invasive surgeries save time, cost, and decrease hospital stay. Governments are also encouraging the use of more incisionless surgeries in order to decrease the cases of infection. For instance, in July 2015, the FDA approved a balloon device, where the balloon is directly swallowed using a sterile solution.

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Bariatric Surgery Devices Market Report Highlights

• The sleeve gastrectomy surgery is expected to witness a rapid rise in demand owing to, the procedure's incision-less nature. The fact that the procedure does not involve re-routing the intestine is also likely to drive segment growth. With the FDA approval of the ReShape balloon, there has been a recent FDA filing for Ellipse device, which is swallowed and gets excreted naturally after four months.

• North America was the largest regional market owing to the presence of market players introducing innovative technologies to improve patient care.

• Favorable government initiatives are also expected to play pivotal roles in European market growth. For instance, the German Federal Ministry of Education and Research (BMBF) formed two funding research programs namely the Competence Network Obesity and Integrated Research and Treatment Center (IFB) Adiposity Diseases with budgets allocated at around USD 26 million for 2012-2015.

• Asia Pacific followed North America in terms of obesity and overweight prevalence. This coupled with the presence of large untapped opportunities is expected to help the Asia Pacific bariatric surgery market register the fastest growth over the forecast period.

Bariatric Surgery Devices Market Segmentation

Grand View Research has segmented has segmented the global bariatric surgery devices market report based on device, procedure, end use, and region

Bariatric Surgery Devices Device Outlook (Revenue, USD Million, 2018 - 2030)

•  Minimally Invasive Surgical Devices

  • Stapling Device

  • Energy/Vessel Sealing Devices

  • Suturing Devices

  • Accessories

•  Non-invasive Surgical Devices

Bariatric Surgery Devices Procedure Outlook (Revenue, USD Million, 2018 - 2030)

• Sleeve Gastrectomy

• Gastric Bypass

• Revision Bariatric Surgery

• Non-invasive Bariatric Surgery

• Adjustable Gastric Banding

• Mini-Gastric Bypass

• Others

Bariatric Surgery Devices End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Bariatric Surgery Clinics

• Hospitals & Ambulatory Surgery Centers

• Others
  

Bariatric Surgery Devices Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • South Korea

  • Thailand

• Latin America

  • Brazil

  • Argentina

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players in Bariatric Surgery Devices Market

• Apollo Endosurgery Inc

• Johnson& Johnson

• Asensus Surgical (Transenterix)

• AbbVie (Allergenc, Inc)

• ReShape Lifesciences Inc. (EnteroMedics)

• Medtronic Plc

• Entero Healthcare (Entero Medica, Inc)

• CONMED Corporation

• Olympus Corporation