Industry Background:
Bariatric surgery is mainly used for the weight-loss processes which mainly include the treatment of a comorbid disorder that is associated with morbid obesity which needs bariatric surgery devices. It includes the modification in the gastrointestinal tract by which either the nutrients that are absorbed in the intestinal tract are controlled or the quantity of food that the stomach can intake is controlled. Bariatric surgery proves its effectiveness over alternate treatment options of obesity-associated comorbid conditions and is viable in terms of cost and also helps in faster recovery. Besides this, there are increasing numbers of facilities, and promising government rules for bariatric procedures to be shielded by insurance are favoring the bariatric surgery devices market.
According to AMA Research, the market for Bariatric Surgery Devices is expected to register a CAGR of 5.82% during the forecast period to 2027. This growth is primarily driven by Rising Incidence Rate of Obesity in Adults due to Changing Lifestyle Habits
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Medical Devices sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Ethicon Inc. (United States), Medtronic plc (United States), Intuitive Surgical, Inc. (United States), Apollo Endosurgery, Inc. (United States), ReShape Lifesciences In (United States), Olympus Corporation of the Americas (United States), Aspire Bariatrics (United States), Spatz Fgia (United States), Mediflex Surgical Products (United States) and Cousin Biotech (France), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2020, Intuitive Surgical's MEE commercial center opens in Breisga. Medtronic introduced Digital Surgery, a well-known company in surgical artificial intelligence, data and analytics.
In 2021, Standard Bariatrics, Inc. of Cincinnati manufactures the Titan SGS, a device that helps surgeons perform a sleeve gastrectomy. The industry's longest continuous staple cut line is 23cm, and is a common bariatric surgery for obesity. and On 26th September 2018, Ethicon has announced the launch of a new comprehensive surgical solution for bariatric revision surgery that encompasses a portfolio of products and professional education and training for managing the challenges of reoperations. Ethicon’s Bariatric Revision Surgical Solution is being featured here this week at the 23rd World Congress of the International Federation for the Surgery of Obesity and Metabolic Disorders.The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Bariatric Surgery Devices Market Dynamics:
Attributes | Details |
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Growth Drivers | - Rising Incidence Rate of Obesity in Adults due to Changing Lifestyle Habits
- Increasing Preference for Minimally Invasive Procedures
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Influencing Trends | - Growing Number of Bariatric Surgeries
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Restraints | - High-Cost Associated with Bariatric Surgery Devices
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Road Blocks / Challenges | - Post-Operative Complications of Bariatric Surgery
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Gaps & Opportunities | - Government Support and Increasing Awareness about Unhealthy Food
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AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Bariatric Surgery Devices Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Bariatric Surgery Devices Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Bariatric Surgery Devices players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Bariatric Surgery Devices Study Sheds Light on
The Bariatric Surgery Devices Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Bariatric Surgery Devices industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Bariatric Surgery Devices industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.