A new study by Infinium Global Research dives deep into the bariatric surgery device market. It breaks down the market by category, both globally and regionally. The report explores the factors that will influence this market in the coming years, both positive and negative. It also considers the broader economic trends that will affect the market. Overall, the report provides a detailed picture of current trends, future predictions, and the total value of the global bariatric surgery device market. The report predicts that the market, which was valued at USD 668.3 million in 2020, will grow at a CAGR of 5.4% to reach USD 917.4 million by 2026.
Market Dynamics
- Demand Drivers:
Bariatric surgery has become increasingly popular due to its safety and effectiveness compared to traditional weight loss methods. The rise in bariatric procedures performed, like the 40,000 jumps in the US between 2011 and 2020, fuels the demand for related equipment, driving market growth. This surgery remains the most effective treatment for severe obesity, leading to weight loss and improved health for patients.
- 2. Challenge
While laparoscopic bariatric surgery boasts advantages like less scarring, quicker recovery, and reduced pain, it's not without potential drawbacks. These surgeries may come with risks like internal hernias, heartburn (GERD), nausea, vomiting, dumping syndrome, ulcers, nutrient deficiencies, and even inflammatory bowel disease.
Here are the key points of the passage about the bariatric surgery devices market:
- Bariatric surgery helps obese patients lose weight and improve health conditions linked to obesity.
- The surgery involves modifying the digestive system to limit food intake or nutrient absorption.
- Common devices used include staplers, bands, and balloons.
- The market is growing due to the rise in obesity rates worldwide.
- Obesity is a major public health concern with over 650 million people classified as obese globally.
- Bariatric surgery is a suitable option for obese adults who cannot lose weight through diet, exercise, or medication.
- Growth is limited by the high cost of these devices.
- Technological advancements in bariatric surgery devices are expected to propel the market forward.
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Regional Analysis
- North America leads the market due to high obesity rates and unhealthy lifestyles.
- Europe holds a significant share due to growing focus on personal well-being and aging population.
- Asia Pacific is expected to witness the fastest growth due to increasing adoption of advanced medical devices and healthcare services.
- South America and Middle East Africa are projected for healthy growth due to rising focus on adopting new technologies for diagnosis and treatment.
Market Segmentation
- By Procedures: Sleeve gastrectomy, Roux-en-Y gastric bypass, adjustable gastric band, intragastric balloon, and others.
- By Devices: Surgical stapler, gastric band, gastric balloon, and sutures.
- By End Users: Hospitals and clinics, ambulatory surgery centers.
Competitive Landscape
- Johnson and Johnson
- GI Dynamics Inc.
- Covidien plc
- Intuitive Surgical Inc.
- Allergan Inc.
- USGI Medical Inc.
- TransEnterix Inc.
- SemiLEDs Ltd.
- Mediflex Surgical Procedures
- Other
Report Overview: https://www.infiniumglobalresearch.com/reports/global-bariatric-surgery-devices-market
Future Outlook:
The bariatric surgery device market is expected to continue growing steadily in the coming years, driven by the factors mentioned above. Technological advancements in devices and procedures, along with rising healthcare awareness and insurance coverage for bariatric procedures, will further fuel market expansion. However, the high cost of these devices may pose a challenge in some regions.
Conclusion:
The bariatric surgery device market presents a promising outlook as the global obesity crisis continues. Advancements in technology and growing healthcare awareness will create a strong demand for these devices, particularly in regions with a high prevalence of obesity.
