Pune, India, July 08, 2021 (GLOBE NEWSWIRE) – The global bariatric surgery market is estimated at $ 2,400.6 million in 2020, and is projected to grow by 9.5% CAGR over the forecast period. Bariatric surgery, also called weight loss surgery, is generally used as one of the main methods of treating obesity. With this method, the size of the stomach is reduced by means of a stomach tape or by removing some part of the stomach.

The growing demand for weight loss procedures ության The increase in obesity cases are the main factors contributing to the growth of the market. In addition, the popularity of bariatric surgery for weight loss is growing in developing countries around the world, which is expected to stimulate the growth of the bariatric surgery market.

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Factors such as the lack of primary care providers related to the effectiveness of surgery, the lack of trust among patients, and the fear of risks associated with surgery are expected to impede the growth of the bariatric surgery market in the foreseeable future. However, the growing acceptance of these surgeries in emerging markets may offer lucrative opportunities for the growth of the bariatric surgery market.

Bariatric surgical devices are expected to grow at a high rate, as they are widely used in minimally invasive surgeries required for immediate closure of small incisions made during surgery. The number of minimally invasive surgeries is increasing year by year, which is expected to stimulate the growth of the bariatric surgery market.

Global market for bariatric surgery by device

The device-based bariatric surgery market is divided into assistive devices and implantable devices. The auxiliary device segment is later subdivided into a suture device, a closing device, a suture device, a trocar, and so on. The implantable device segment is further sub-segmented into gastric bands, electrical stimulation devices, gastric bladder systems, and gastric emptying systems.

The auxiliary segment of these devices is the fastest growing segment in 2021; it is expected to remain the fastest growing segment in the forecast period. The suture device is a triangular stage that is assembled in the stomach through an endoscope to allow large-scale folding. Endoscopic sutured gastroplasty is a minimally invasive technique used to fill the gap between surgery and behavioral therapy. Endoscopic sutured gastroplasty is performed using a new endoluminal suture device, which is an effective and safe weight loss technique for patients with a body mass index (BMI) in the range of 30-40.

Global market for bariatric surgery by procedure

Based on the procedure, the market for bariatric surgery is divided into adjustable gastric banding, gastric bypass surgery, gastric bypass, and biliopancreatic diversion with a duodenal switch. Stomach bypass is the largest revenue-generating sector in 2021; it is expected to remain the largest market in the forecast period.

Stomach surgery is recommended for people with at least 40 BMI. Some people find it difficult to have gastric bypass surgery, so gastric bypass surgery is a good substitute. This surgery is performed as the least invasive bariatric surgery worldwide.

Global market for bariatric surgery by surgery

Based on surgery, the bariatric surgery market is divided into invasive surgery and non-invasive surgery. The non-invasive surgery sector is the fastest growing sector in 2021; it is expected to remain the fastest growing sector in the forecast period. The growth of the segment can be attributed to the growing incidence of obesity worldwide.

The need for fewer scars և incisions անհրաժեշտ the need for minimal trauma և anxiety are factors that are expected to drive the non-invasive weight loss surgical equipment market in the foreseeable future.

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Global market for end-user bariatric surgery

The end-user bariatric surgery market is divided into bariatric surgery clinics, hospitals, and outpatient surgical centers. The hospital sector is the largest market in terms of revenue in 2021, ամենամեծ it is expected to remain the largest market in the forecast period. The growth of the segment is conditioned by the increase in the demand for bariatric surgery devices in hospitals.

Global Bariatric Surgery Market by Region

The regional bariatric surgery market is divided into North America, Europe, Asia Pacific, the Middle East, Africa, and South America. The Asia-Pacific region is the fastest growing region in 2021; it is expected to remain the fastest growing segment of the bariatric surgery market in the forecast period.

In APAC countries, such as India, China, and increasing initiatives to reduce obesity by private and public organizations are promoting the adoption of bariatric surgery in the region. Increasing acceptance is expected to stimulate the growth of the regional market. The presence of large market companies such as Medtronic, J&J և Allergan accelerates innovation և R&D investments in the region. It is expected that this will contribute to the growth of the market in the forecast period.

Recent developments in the global bariatric surgery market

  • February 2021 – Carrum Health expands its weight loss surgery options in partnership with the Kansas City Bariatric Center (BCKC). Collaboration will help improve the quality of life with access to high quality bariatric surgery.
  • August 2019 – Sentinel Capital Partners, a privately held company, announces the acquisition of SSJA Bariatric Management, LLC, a leading provider of administrative support services to New York bariatric surgery offices. The partnership will help SSJA grow its business geographically և cover its service offerings in other markets.

The impact of COVID-19 on the global bariatric surgery market

The QMI team has been closely monitoring the impact of COVID-19 on the global bariatric surgery market. The effect of COVID-19 was more significant in the case of bariatric procedures, which already have a complex, lengthy screening procedure. Patients in need of elective surgery, such as bariatric surgery, have been placed on standby worldwide, leading to a decline in demand for bariatric products and surgeries.

In countries where elective surgeries were delayed due to COVID-19, clients decided to delay surgeries for fear of contracting the virus. Restrictions on social travel guidelines, concerns about the spread of COVID-19 in health services, and recommendations forced both providers and patients to cancel or delay all non-essential processes, including elective surgery. This decline in demand has had a debilitating effect on the bariatric surgery market.

Some of the key findings in the global bariatric surgery market include:

  • Key World Market Trends և Forecast Analysis with 25 Country Specific Market Analysis
  • In-depth analysis of the global bariatric surgery market by the above-mentioned segments, as well as analysis of trends-based perceptions and factors
  • Profiles of major market players in the global bariatric surgery market, including Ethicon US, LLC. (Johnson և Johnson), Medtronic Plc, B.Braun Melsungen AG, Olympus, Allergan Inc., Intuitive Surgical, Inc., Cook Medical, CONMED Corporation, Apollo Endosurgery, Inc., Cousin Biotech, Aspire Bariatrics Inc. u Intuitive Surgical: Inc:
  • Competitive benchmarks, product offer details, growth strategies adopted by market leaders along with their major investments over the last five years.
  • Key Impact Analysis in Regions, which includes analysis, such as drivers, constraints, opportunities, and challenges that dominate the global market.
  • The impact of COVID-19 on the global bariatric surgery market

Examine the industry-leading insights spread across 155 pages of 85 market data tables և 41 numbers և charts., «Bariatric surgery market, device (assistive devices, implantable devices), procedure (adjustable gastric band, gastric bypass surgery, gastric bypass, biliopancreatic diversion with duodenal switch), surgery B, surgery (non-invasive surgery), non-invasive surgery centers և region (North America, Europe, Asia Pacific, Middle East իկա Africa և South America) – market size ումը forecast և until 2030» In-depth analysis with table of contents (ToC).

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