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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

Buy Now Report ID: 4115 | Published Date: Feb 01, 2023

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


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Bariatric Surgery Market
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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.


Market Segmentation

Market-Growth-Drivers

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


Healthcare Expenditure per Capita, (USD), 2015-2018
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Top Featured Companies Dominating the Market

top-features-companies
    • 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.

In-the-news

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.


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Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.


Author Credits:  Radhika Gupta, Shivam Bhutani


Key Questions Answered in the Report

1) What are the major factors driving the growth of the bariatric surgery market?

Ans: Growing number of cases of obesity and related disorders over high consumption of energy-dense food, 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 the major factors driving the growth of the market.

2) What would be the CAGR of bariatric surgery market over the forecast period?

Ans: The market is anticipated to attain a CAGR of 5.1% over the forecast period, i.e., 2022 – 2031.

5) Who are the major players dominating the bariatric surgery market?

Ans: The major players in the market are Medtronic, 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., and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the global bariatric surgery market?

Ans: The market is segmented by procedure, devices, end- user, and by region.

8) Which sub-segment segment captures the largest market size in procedure segment in the global bariatric surgery market?

Ans: The gastric bypass segment is anticipated to hold the largest market size in value over the forecast period and display significant growth opportunities.

8) What are the challenges affecting the market growth?

Ans: Lack of awareness about complexities involved in bariatric surgery, adherence to a strict diet regime after surgery, and post-surgery associated complications are estimated to hamper the market growth.

8) Which region will provide more business opportunities for growth of global bariatric surgery market in future?

Ans: Asia Pacific region is estimated to provide significant business opportunities for growth of the market.

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