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Bariatric Surgery Devices Market Size

Report ID: GMI2735
Published Date: Dec 2022
Report Format: PDF

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Bariatric Surgery Devices Market Size

Bariatric Surgery Devices Market size was recorded at over USD 1 billion in revenue in 2022. Driven by supportive initiatives by medical device manufacturers on the development of minimally invasive bariatric surgery devices, the industry is estimated to grow at more than 6.5% CAGR from 2023 to 2032.

The growing number of people suffering from obesity is expected to foster market expansion. Several countries also face a grave burden of obesity-related disorders, such as diabetes, hypertension, and cardiovascular diseases, mostly in children. The rapid economic development and urbanization in the APAC region, as well as the rising inclination towards convenient, over-processed junk food, is also contributing to the soaring disease burden.

Bariatric Surgery Devices Market

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Additionally, consistent technological advancements in developed economies are providing lucrative opportunities for industry penetration. Novel surgical devices with minimal harmful effects, such as reduced blood loss and short surgery time, coupled with high efficacy and better patient outcome, are set to boost market outlook.

Bariatric Surgery Devices Market Report Attributes
Report Attribute	Details
Base Year:	2022
Bariatric Surgery Devices Market Size in 2022:	USD 1 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	6.5%
2032 Value Projection:	USD 2 Billion
Historical Data for:	2018 to 2022
No. of Pages:	150
Tables, Charts & Figures:	175
Segments covered:	Product, Procedure, and Region
Growth Drivers:	Increasing demand for minimally invasive surgeries (MIS) worldwide Rising incidences of obesity in Asia Pacific Technological advancements in developed economies Increasing government funding for bariatric surgery in developed countries
Pitfalls & Challenges:	High cost associated with surgical devices Stringent regulatory scenario in developed countries Dearth of skilled healthcare professionals in developing economies

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Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Global market size for bariatric surgery devices was recorded at over USD 1 billion in revenue in 2022 and is set to progress at more than 6.5% CAGR over the next 10 years owing to the growing burden of obesity-related disorders such as diabetes, hypertension, and cardiovascular diseases, especially in children.

Non-invasive bariatric surgery procedure segment is anticipated to be worth USD 19 million by the end of 2032 due to the low cost associated with the surgery as compared to other approved procedures.

Minimally invasive surgical devices segment was recorded at more than USD 1 billion in 2022 as a result of promising technological improvements in stapling, suturing, and vascular sealing tools.

Bariatric surgery devices market in the Asia Pacific is slated to progress at over 7.5% CAGR between 2023 and 2032 on account of supportive government initiatives to control the obesity issues in the APAC region.