Bariatric Surgery Devices Market Size

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.

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.