Bariatric Surgeries Market Overview, Growth, Trends, Analysis, Research Report (2020-2030)

The Bariatric surgeries market size is projected to reach US$ 27,647.38 million by 2030 from US$ 8,546.66 million in 2023. The market is expected to register a CAGR of 15.8% during 2022–2030. Technological advancement such as robotics, advanced endoscopic suturing systems and others are likely to remain key trends in the market.

Bariatric Surgeries Market Analysis

The increasing prevalence of obesity among large population owing to various lifestyle factors along with surging demand for minimally invasive procedures are driving the growth of bariatric surgeries market. Additionally, increasing awareness about weight loss and rising inclination towards healthy lifestyle has among large population along woth surge in R&D and producrt innovation is expected to anticipate the groeth of bariatric surgeries market. Moreover, increasing product launches for bariatric surgeries are expected to create ample opportunities in the coming years.

Bariatric Surgeries Market Overview

The major factors driving the growth of bariatric surgeries market are increasing prevalence of obesity among large population owing to various lifestyle factors along with surging demand for minimally invasive procedures. North Anerica dominated the market growth in terms of market share owing to the increasing obesity, rising product approvals, growing awareness about bariatric surgeries, and rising number of mergers, collaborations, and partnerships among the operating players. In addition, significantly growing incidences of obesity associated comorbidity are among the other leading factors escalating the demand for bariatric surgeries. However, Asia Pacific anticipated to register significant growth due to the collaborations among market players, increasing prevalence of obesity, and growing demand for minimally invasive surgeries in the region.

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Bariatric Surgeries Market: Strategic Insights

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Bariatric Surgeries Market Drivers and Opportunities

Growing Demand for Minimally Invasive Surgeries to Favor Market

The positive outcomes of minimally invasive surgeries have increased the inclination toward minimally invasive bariatric surgeries as market players are focused on development and launch of advanced products. Nowadays, several minimally invasive bariatric surgeries are performed, including laparoscopic gastric bypass, laparoscopic sleeve gastrectomy, and laparoscopic gastric binding. As per the National Health Institutes 2022 report, nowadays, ~90% of gastric bypasses are done laparoscopically, with a death rate of 0.22%, which is less than 0.82% for open surgery. Each procedure has its own advantages and disadvantages, and the choice will depend upon the medical history and patient needs. Moreover, the rising inclination toward non-invasive bariatric devices is expected to proliferate the market growth. There are various manufacturers focused on the development of gastric balloons, which can be placed into the stomach through endoscopy procedures and can be easily removed when required. These balloons have limited to no side effects with positive outcomes. Therefore, the surge in minimally invasive bariatric surgeries, the launch and development of specialized instruments, and positive patient outcomes contribute to the growth of the bariatric surgeries market.

Strategic Initiatives by Market Players Creates Lucrative Opportunities

There has been a constant increase in the prevalence of obesity on a global level that has increased the demand for bariatric surgery devices. Various market players are also focused on product launches or strategic collaborations for the development of advanced products that help during bariatric surgeries and provide positive outcomes. There have been various recent developments, such as product launches, mergers, and acquisitions in recent years. For instance, In May 2023, Olympus launched POWERSEALTM Sealer/Divider for the Middle East and Africa (MEA) and Europe. This multifunctional advanced bipolar device supports surgeons across multiple different medical specialties with dissection, state-of-the-art sealing, and grasping capabilities for both open and laparoscopic surgical treatments such as colorectal resection, bariatric surgery, colorectal resection, and total laparoscopic hysterectomy. Additionally, In November 2022, Boston Scientific Corporation acquired Apollo Endosurgery Inc. with a total value of approximately US$ 615 million, which indicated a cash price of US$ 10 per share. The Apollo Endosurgery product portfolio includes devices used during endoluminal surgery (ELS) procedures to close and manage gastrointestinal defects and complications, along with aid in weight loss for patients with obesity.

Bariatric Surgeries Market Report Segmentation Analysis

Key segments that contributed to the derivation of the Bariatric surgeries market analysis are type and end user.

• Based on type, the Bariatric surgeries market is segmented into adjustable gastric Bands (AGB), sleeve gastrectomy, gastric bypass, biliopancreatic diversion with duodenal switch (BPD- DS), and others. The sleeve gastrectomy segment held the largest market share in 2022.
• By end user, the market is bifurcated into hospitals and ambulatory surgical centers. The ambulatory surgical centers segment held a larger share of the market in 2022.

Bariatric Surgeries Market Share Analysis by Geography

The geographic scope of the Bariatric surgeries market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

North America has dominated the market owing to the increasing obesity, rising product approvals, growing awareness about bariatric surgeries, and rising number of mergers, collaborations, and partnerships among the operating players. In addition, significantly growing incidences of obesity associated comorbidity are among the other leading factors escalating the demand for bariatric surgeries. The US held the major share in North America region due to the increasing burden of obesity and growing prevalence of diabetes. Demand for bariatric surgeries has increased remarkably over the past few years to reduce burden of associated a wide range of chronic diseases. Asia Pacific is anticipated to grow with the highest CAGR in the coming years.

Bariatric Surgeries Market Regional Insights

The regional trends and factors influencing the Bariatric Surgeries Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Bariatric Surgeries Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Bariatric Surgeries Market Report Scope

Bariatric Surgeries Market Players Density: Understanding Its Impact on Business Dynamics

The Bariatric Surgeries Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Bariatric Surgeries Market are:

1. Intuitive Surgicals Inc
2. Integra Lifesciences Holdings Corp
3. Apollo Endosurgery Inc.
4. Conmed Corp
5. Medtronic Plc
6. Ethicon USA LLC

Disclaimer: The companies listed above are not ranked in any particular order.

Bariatric Surgeries Market News and Recent Developments

The Bariatric surgeries market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Bariatric surgeries market are listed below:

• ReShape Lifesciences announced that Adam Smith, D.O., Bariatric Surgery Specialist and Chief Executive Officer of Ultimate Bariatrics in Dallas, Fort Worth, TX, and Christine Ren-Fielding, M.D., Professor of Surgery at NYU Grossman School of Medicine, Director of NYU Langone Health’s Weight Management Program and Chief of the Division of Bariatric Surgery, have successfully performed the first surgeries utilizing the company’s next generation, enhanced Lap-Band 2.0 FLEX. (Source: ReShape Lifesciences, Inc., Company Website, February 2024)
• BariaTek has successfully conducted the first implantation in the atrium of its BariTon device, a reversible implant that could offer an alternative to conventional weight loss surgery. The study is being conducted in both Australia and Uzbekistan. (Source: BariaTek, Press Release, February 2024)

Bariatric Surgeries Market Report Coverage and Deliverables

The “Bariatric Surgeries Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:

• Bariatric surgeries market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Bariatric surgeries market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Bariatric surgeries market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Bariatric surgeries market
• Detailed company profiles