Australia Bariatric Surgery Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Device (Assisting Devices, Implantable Devices, and Other Devices)

Market Snapshot

CAGR
Study Period: 2018 - 2026
Base Year: 2020
CAGR: 5.6 %

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Market Overview

The major factors contributing to the growth of the bariatric surgery market include increase in obesity among people, rising burden of diabetes and heart diseases and rapid advancements and innovations in the devices. Overweight and obesity is a major public health issue and a leading risk factor for ill-health in Australia. According to Australian Institute of Health and Welfare (AIHW), around 2 in 3 (67%) adults were overweight or obese in 2017–18, out of which 36% were overweight but not obese and 31% were obese. Being overweight or obese is associated with an increased risk of a number of common diseases and causes of premature death, including diabetes and cardiovascular disease. Hence, as the prevalence of obesity is increasing, the bariatric surgeries will also rise, which is expected to propel the market growth.

Scope of the report

Bariatric surgery or weight loss surgery is used as one of the major treatment procedures for treating obesity. It is generally the last option for patients who have failed to lose weight by several other means. During this procedure, the size of the stomach is reduced by either removing some parts of the stomach or by using a gastric band.

By Device
Assisting Devices
Suturing Device
Closure Device
Stapling Device
Trocars
Other Assisting Devices
Implantable Devices
Gastric Bands
Electrical Stimulation Devices
Gastric Balloons
Gastric Emptying
Other Devices

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Key Market Trends

Closure Device Segment is Expected to Show Better Growth in the Forecast Years

Based on Assisting Devices, the market is segmented into Suturing Device, Closure Device, Stapling Device, Trocars and Other Assisting Devices. Closure devices are expected to register high growth, as they are widely used in minimally invasive surgeries that require immediate closure of very small incisions made at the time of surgical procedures. The number of minimally invasive surgical procedures is rising each year and this is helping the market to grow. Closure devices are used for reconnecting tissues during surgical procedures and for closing incisions made by trocars. The laparoscopic port closure device successfully closes port sites in obese patients undergoing bariatric procedures and surgeries. Therefore, the rising number of laparoscopic procedures, along with rising obese population is expected to drive the market in the forecast period.

Australia Bariatric Surgery Market 1

Competitive Landscape

The Australia bariatric surgery market is moderately competitive and consists of several major players. With the rising patient awareness and increasing obese population, few other smaller players are also expected to enter the market in the coming years. The major players into the Australia bariatric surgery market are Apollo Endosurgery Inc., B. Braun Melsungen AG, Conmed Corporation, Intuitive Surgical Inc., Johnson and Johnson, Medtronic PLC, Olympus Corporation and The Cooper Companies, Inc.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Burden of Diabetes and Heart Diseases

      2. 4.2.2 Increase in Obesity Among People

      3. 4.2.3 Rapid Advancements and Innovation

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of Surgery

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Device

      1. 5.1.1 Assisting Devices

        1. 5.1.1.1 Suturing Device

        2. 5.1.1.2 Closure Device

        3. 5.1.1.3 Stapling Device

        4. 5.1.1.4 Trocars

        5. 5.1.1.5 Other Assisting Devices

      2. 5.1.2 Implantable Devices

        1. 5.1.2.1 Gastric Bands

        2. 5.1.2.2 Electrical Stimulation Devices

        3. 5.1.2.3 Gastric Balloons

        4. 5.1.2.4 Gastric Emptying

      3. 5.1.3 Other Devices

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Apollo Endosurgery Inc.

      2. 6.1.2 B. Braun Melsungen AG

      3. 6.1.3 Conmed Corporation

      4. 6.1.4 Intuitive Surgical Inc.

      5. 6.1.5 Johnson and Johnson

      6. 6.1.6 Medtronic PLC

      7. 6.1.7 Olympus Corporation

      8. 6.1.8 The Cooper Companies, Inc.

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Australia Bariatric Surgery Market market is studied from 2018 - 2026.

The Australia Bariatric Surgery Market is growing at a CAGR of 5.6% over the next 5 years.

Apollo Endosurgery Inc., B. Braun Melsungen AG, Intuitive Surgical Inc., Johnson and Johnson, Medtronic PLC are the major companies operating in Australia Bariatric Surgery Market.

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