Latin America Bariatric Surgery Devices Market Size & Outlook
Latin America bariatric surgery devices market, 2018-2030 (US$M)
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Latin America bariatric surgery devices market highlights
- The Latin America bariatric surgery devices market generated a revenue of USD 237.3 million in 2023.
- The market is expected to grow at a CAGR of 6.9% from 2024 to 2030.
- In terms of segment, roux-en-y gastric bypass (rygb) was the largest revenue generating procedures in 2023.
- Vertical Sleeve Gastrectomy (VSG) is the most lucrative procedures segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 237.3 million |
| Market revenue in 2030 | USD 377.5 million |
| Growth rate | 6.9% (CAGR from 2023 to 2030) |
| Largest segment | Roux-en-y gastric bypass (rygb) |
| Fastest growing segment | Vertical Sleeve Gastrectomy (VSG) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Adjustable Gastric Band (AGB), Vertical Sleeve Gastrectomy (VSG), Roux-en-Y Gastric Bypass (RYGB), Biliopancreatic Diversion with a Duodenal Switch (BPD-DS) |
| Key market players worldwide | Allergan, Covidien, Johnson & Johnson, Intuitive Surgical Inc, Cousins Properties Inc, G.I. Dynamics, Asensus Surgical, USGI Medical, MEDIMEX GmbH & Co. |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.3% of the global bariatric surgery devices market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 223.3 million by 2030.
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Bariatric Surgery Devices Market Scope
Bariatric Surgery Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America bariatric surgery devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to bariatric surgery devices market will help companies and investors design strategic landscapes.
Roux-en-y gastric bypass (rygb) was the largest segment with a revenue share of 43.62% in 2023. Horizon Databook has segmented the Latin America bariatric surgery devices market based on adjustable gastric band (agb), vertical sleeve gastrectomy (vsg), roux-en-y gastric bypass (rygb), biliopancreatic diversion with a duodenal switch (bpd-ds) covering the revenue growth of each sub-segment from 2018 to 2030.
In 2014, a report by Overseas Development Institute stated that Latin America has 56% of its population obese or overweight, which is high as compared to rest of the countries average obesity rate of 34%. The people facing hunger in Latin America has reduced and become half of what it was since 1991, meeting the UN goal of reducing hunger by 2015.
However in this process, it has failed to look upon the issue of obesity. According to the Latin American experts, one of the prime reasons for obesity is the power of multinational fast foods, particularly from the U.S. The government has imposed a compulsory packaging labeling rule, where the manufacturers have to give a warning label highlighting the fact that their food is high in sugar or fat.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America bariatric surgery devices market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America bariatric surgery devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America bariatric surgery devices market
Latin America Bariatric Surgery Devices Market Outlook Share, 2023 & 2030 (US$M)
Latin America bariatric surgery devices market
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