Bariatric Surgery Devices Market by Device, Procedure, End User

Description

List of Tables

[197 Pages Report] The Bariatric Surgery Devices Market size was estimated at USD 1.84 billion in 2022 and expected to reach USD 1.98 billion in 2023, at a CAGR 7.59% to reach USD 3.32 billion by 2030.

Global Bariatric Surgery Devices Market

KEY MARKET STATISTICS
Base Year [2022]	USD 1.84 billion
Estimated Year [2023]	USD 1.98 billion
Forecast Year [2030]	USD 3.32 billion
CAGR (%)	7.59%

The bariatric surgery devices market comprises medical devices used in weight loss surgeries, which are performed on patients with obesity. Bariatric surgeries are typically considered when other weight loss methods, such as dieting, exercise, and medication, have not been successful. These devices include gastric bands, gastric bypass devices, gastric balloons, sleeve gastrectomy devices, and other related surgical instruments. The rising incidence of comorbid conditions associated with obesity, such as diabetes, hypertension, and cardiovascular diseases, significantly increases the need for bariatric surgery as an effective treatment approach. However, the high cost of bariatric surgery and concerns over the long-term effectiveness and potential complications of the procedures may dissuade patients from opting for surgery. Additionally, stringent regulatory frameworks and the need for rigorous clinical trials to prove the efficacy and safety of new devices can delay their introduction to the market. Furthermore, the market for bariatric surgery devices presents opportunities, including the development of minimally invasive and non-invasive surgical devices that reduce patient recovery time and risk of complications. Innovation in device technology, such as smart implants with monitoring capabilities, and expanding insurance coverage for bariatric procedures offer new growth prospects for market players.

Regional Insights

In the Americas, particularly the United States and Canada, obesity rates have continued to rise, making bariatric surgery a crucial option for weight loss. Market research indicates that both consumer needs and purchasing behaviors are heavily influenced by the prevalence of obesity-related disorders, healthcare policies that influence insurance coverage for such surgeries, and increased awareness about bariatric procedures. European Union (EU) countries exhibit a growing need for bariatric surgery, driven by rising obesity rates and increased acceptance of surgical interventions. Within the EU, countries exhibit different levels of market maturity, affected by healthcare system structures, reimbursement policies, and cultural attitudes towards obesity surgery. In the Middle East, countries such as Saudi Arabia and the United Arab Emirates demonstrate an increasing need for bariatric surgery devices fueled by a high prevalence of obesity and diabetes. Societal focus on aesthetics and lifestyle improvements contribute to the demand for various surgical procedures, including bariatric surgeries. In APAC, the aging population and shifting dietary patterns contribute to growing obesity rates, which, in turn, fuel the bariatric surgery devices market. Moreover, government initiatives in the region aim to improve access to bariatric surgery among more significant parts of the population, indicating potential market expansion.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Bariatric Surgery Devices Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Bariatric Surgery Devices Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Bariatric Surgery Devices Market, highlighting leading vendors and their innovative profiles. These include Abbott Laboratories, Allurion S.a.s., AMI GmbH, Apollo Endosurgery, Inc., Asensus Surgical, Inc., B. Braun SE, BIOTRONIK SE & Co KG, Boston Scientific Corporation, CONMED Corporation, Cousin Biotech, Edwards Lifesciences, Geyi Medical Instrument, GI Dynamics Inc., Grena Ltd., Integra LifeSciences Corporation, Intuitive Surgical Inc., Johnson & Johnson Private Limited, Mediflex Surgical Products, Medtronic PLC, Olympus Corporation, ReShape Lifesciences, Inc., Spatz FGIA, Inc., Standard Bariatrics, Inc., Stryker Corporation, USGI Medical Inc., and Zimmer Biomet Holdings, Inc..

Market Segmentation & Coverage

This research report categorizes the Bariatric Surgery Devices Market to forecast the revenues and analyze trends in each of the following sub-markets:

Device
- Gastric Balloon
- Gastric Band
- Surgical Stapler
- Sutures
Procedure
- Adjustable Gastric Banding
- Biliopancreatic Diversion with Duodenal Switch
- Gastric Bypass
- Mini-Gastric Bypass
- Non-Invasive Bariatric Surgery
- Revision Bariatric Surgery
- Sleeve Gastrectomy
End User
- Ambulatory Surgery Centers
- Clinics
- Hospitals
Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam
- Europe, Middle East & Africa
  - Denmark
  - Egypt
  - Finland
  - France
  - Germany
  - Israel
  - Italy
  - Netherlands
  - Nigeria
  - Norway
  - Poland
  - Qatar
  - Russia
  - Saudi Arabia
  - South Africa
  - Spain
  - Sweden
  - Switzerland
  - Turkey
  - United Arab Emirates
  - United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Bariatric Surgery Devices Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Bariatric Surgery Devices Market?

3. What are the technology trends and regulatory frameworks in the Bariatric Surgery Devices Market?

4. What is the market share of the leading vendors in the Bariatric Surgery Devices Market?

5. Which modes and strategic moves are suitable for entering the Bariatric Surgery Devices Market?

Product Code: MRR-437D4595819C

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Bariatric Surgery Devices Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising Availability and Preference for Minimally Invasive Techniques
  - 5.1.1.2. Increasing Obesity and Overweight among Population
  - 5.1.1.3. Favorable Government Expenditure for Bariatric Surgery from Developed Economies
- 5.1.2. Restraints
  - 5.1.2.1. Lack of Trained Professionals in Developing Regions
- 5.1.3. Opportunities
  - 5.1.3.1. Emerging Technological Advancements in Bariatric Surgery Devices
  - 5.1.3.2. Increasing Reimbursement Coverage and Sponsored Bariatric Surgeries
- 5.1.4. Challenges
  - 5.1.4.1. Strict Regulatory Guidelines and High Cost of the Devices
5.2. Market Segmentation Analysis
- 5.2.1. Device: Growing preference towards gastric balloons in minimally invasive bariatric surgery
- 5.2.2. Procedure: Rising trends towards non-invasive bariatric surgery
- 5.2.3. End User: Rising demand for bariatric surgery devices from hospitals due to the complexity and range of procedures performed
5.3. Market Trend Analysis
5.4. Cumulative Impact of COVID-19
5.5. Cumulative Impact of Russia-Ukraine Conflict
5.6. Cumulative Impact of High Inflation
5.7. Porter's Five Forces Analysis
- 5.7.1. Threat of New Entrants
- 5.7.2. Threat of Substitutes
- 5.7.3. Bargaining Power of Customers
- 5.7.4. Bargaining Power of Suppliers
- 5.7.5. Industry Rivalry
5.8. Value Chain & Critical Path Analysis
5.9. Regulatory Framework
5.10. Client Customization

6. Bariatric Surgery Devices Market, by Device

6.1. Introduction
6.2. Gastric Balloon
6.3. Gastric Band
6.4. Surgical Stapler
6.5. Sutures

7. Bariatric Surgery Devices Market, by Procedure

7.1. Introduction
7.2. Adjustable Gastric Banding
7.3. Biliopancreatic Diversion with Duodenal Switch
7.4. Gastric Bypass
7.5. Mini-Gastric Bypass
7.6. Non-Invasive Bariatric Surgery
7.7. Revision Bariatric Surgery
7.8. Sleeve Gastrectomy

8. Bariatric Surgery Devices Market, by End User

8.1. Introduction
8.2. Ambulatory Surgery Centers
8.3. Clinics
8.4. Hospitals

9. Americas Bariatric Surgery Devices Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Bariatric Surgery Devices Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Bariatric Surgery Devices Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
- 12.3.1. Agreement, Collaboration, & Partnership
  - 12.3.1.1. Medtronic will Distribute Allurion's Swallowable Weight-Loss Balloon
- 12.3.2. New Product Launch & Enhancement
  - 12.3.2.1. AdventHealth Redmond Launches New Metabolic and Bariatric Surgery Program
- 12.3.3. Award, Recognition, & Expansion
  - 12.3.3.1. ReShape Lifesciences Receives FDA PMA Supplement Approval for its Next-Generation Lap-Band 2.0 FLEX

13. Competitive Portfolio

13.1. Key Company Profiles
- 13.1.1. Abbott Laboratories
- 13.1.2. Allurion S.a.s.
- 13.1.3. AMI GmbH
- 13.1.4. Apollo Endosurgery, Inc.
- 13.1.5. Asensus Surgical, Inc.
- 13.1.6. B. Braun SE
- 13.1.7. BIOTRONIK SE & Co KG
- 13.1.8. Boston Scientific Corporation
- 13.1.9. CONMED Corporation
- 13.1.10. Cousin Biotech
- 13.1.11. Edwards Lifesciences
- 13.1.12. Geyi Medical Instrument
- 13.1.13. GI Dynamics Inc.
- 13.1.14. Grena Ltd.
- 13.1.15. Integra LifeSciences Corporation
- 13.1.16. Intuitive Surgical Inc.
- 13.1.17. Johnson & Johnson Private Limited
- 13.1.18. Mediflex Surgical Products
- 13.1.19. Medtronic PLC
- 13.1.20. Olympus Corporation
- 13.1.21. ReShape Lifesciences, Inc.
- 13.1.22. Spatz FGIA, Inc.
- 13.1.23. Standard Bariatrics, Inc.
- 13.1.24. Stryker Corporation
- 13.1.25. USGI Medical Inc.
- 13.1.26. Zimmer Biomet Holdings, Inc.
13.2. Key Product Portfolio

14. Appendix

14.1. Discussion Guide
14.2. License & Pricing