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HEALTHCARE & PHARMACEUTICAL

Bariatric Surgery Market Segmentation by Procedure (Adjustable Gastric Banding, Gastric Bypass, Biliopancreatic Diversion with Duodenal Switch, and Gastric Sleeve Surgery); by Devices (Assisting Devices and Implantable Devices); by End-user (Bariatric Surgery Clinics, Hospitals, and Ambulatory Surgical Centers) – Global Demand Analysis & Opportunity Outlook 2031

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IN THE NEWS

  • September 2020: Ethicon, Inc. launched its first buttress solution, ECHELON ENDOPATH Staple Line Reinforcement (SLR) which is designed to further strengthen staple lines and reduce potential complications during bariatric, thoracic and general surgical procedures.

Global Bariatric Surgery Market Highlights Over 2022 - 2031

The global bariatric surgery market is estimated to garner a significant revenue by growing at a CAGR of 5.1% over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed to growing number of cases of obesity and related disorders over high consumption of energy-dense food coupled with increase in physical inactivity. For instance, according to the World Health Organization, in 2019, 38.2 million children, worldwide, under the age of 5 were overweight or obese, while in 2020, the number grew to 39 million.

Moreover, increasing development of technologically advanced bariatric surgery devices on the back of rise in awareness about bariatric surgery and emergence of minimally invasive devices that reduce treatment cost & recovery time are further driving the growth of the market.

Bariatric Surgery Market

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However, lack of awareness among different socio-economic groups in several regions about complexities involved in bariatric surgery, and adherence to a strict diet regime after surgery are expected to restrain the growth of the market. Furthermore, post-surgery associated complications, such as internal bleeding, deep vein thrombosis, infections, and pulmonary embolism are also restraining the market growth.

The market is segmented by procedure into adjustable gastric banding, gastric bypass, biliopancreatic diversion with duodenal switch, and gastric sleeve surgery, out of which, the gastric bypass segment is anticipated to hold the largest share in the global bariatric surgery market on account of high effectiveness in treating obesity and related disorders. Gastric bypass results in reliable & long-lasting weight loss, and is a refined and standardized procedure.

Based on devices, the market is segmented into assisting devices and implantable devices, out of which, the assisting devices segment is expected to witness growth at the highest CAGR owing to increasing demand for minimally invasive surgeries which extensively use assisting devices, such as closure device.

The market is further segmented on the basis of end-user into bariatric surgery clinics, hospitals, and ambulatory surgical centers, out of which, the hospitals segment is project to hold the largest share owing to availability of varied equipment & facilities that help in the procedure and post-surgery recovery.

Major Macro-Economic Indicators Impacting the Market Growth

Healthcare Expenditure per Capita, (USD), 2015-2018

According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.

Global Bariatric Surgery Market Regional Synopsis

Regionally, the global bariatric surgery market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America region is estimated to witness noteworthy growth over the forecast period on the back of high occurrence of obesity among population and increase in investments by leading players for developing innovative surgery devices. According to the data collected from the U.S. Centers for Disease Control and Prevention, the prevalence of obesity in the U.S. was 42.4% during 2017-18. Additionally, the prevalence of severe obesity during the same period increased from 4.7% to 9.2%.

Asia-Pacific region is projected to witness market growth at the highest rate over the forecast period owing to presence of large population vulnerable to obesity, advancing healthcare infrastructure, and growing per capita income levels. According to the WHO, almost half of the children under the age of 5 who were overweight or obese, globally, in 2019 lived in Asia.

Bariatric Surgery Market Share

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The global bariatric surgery market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global bariatric surgery market includes the following segments:

By Procedure

  • Adjustable Gastric Banding
  • Gastric Bypass
  • Biliopancreatic Diversion with Duodenal Switch
  • Gastric Sleeve Surgery

By Devices

  • Assisting Devices
  • Implantable Devices

By End-user

  • Bariatric Surgery Clinics
  • Hospitals
  • Ambulatory Surgical Centers

Growth Drivers

  • Growing number of cases of obesity and related disorders over high consumption of energy-dense food
  • Increasing development of technologically advanced bariatric surgery devices

Challenges

  • Lack of awareness about complexities involved in bariatric surgery
  • Adherence to a strict diet regime after surgery
  • Post-surgery associated complications

Top Featured Companies Dominating the Market

  • Medtronic
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • Ethicon, Inc. (Johnson & Johnson Services, Inc.)
  • Apollo Endosurgery, Inc.
  • Garnet Health
  • Intuitive Surgical
  • B. Braun Melsungen AG
  • Olympus Corporation
  • Cook
  • CONMED Corporation
  • W. L. Gore & Associates, Inc.

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