Latin America Bariatric Surgery Devices Market Size & Outlook
Latin America bariatric surgery devices market, 2018-2030 (US$M)
Related Markets
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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
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.
Reasons to subscribe to Latin America bariatric surgery devices market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Latin America bariatric surgery devices market databook
-
Our clientele includes a mix of bariatric surgery devices market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
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.
Partial client list
Latin America Bariatric Surgery Devices Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
