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

The Bariatric Surgery Market is segmented by Device (Assisting Devices, Implantable Devices, and Other Devices) and Geography

Market Snapshot

Bariatric Surgery
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 4.8 %

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Market Overview

The major factors attributing to the growth of the bariatric surgery market are, increase in obesity among people, and a rising prevalence rate of Type 2 diabetes and heart diseases. According to International Diabetes Federation’s IDF Diabetes Atlas Ninth edition 2019, approximately 463 million adults were currently living with diabetes worldwide. This is fueled by urbanization, poor diets, and lack of physical activity. Among all the countries, the United States has the largest percentage of obese children and young adults, which is approximately 13%. As the prevalence of obesity is increasing worldwide, the overall bariatric surgeries are expected to increase, which is expected to directly propel the bariatric surgery devices market. Other factors, such as the prevalence of diabetes, insurance coverage for the surgeries, and government initiatives, are driving the market studied.

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
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Spain
Italy
France
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Closure Device is Expected to Record a High CAGR in the Assisting Device Segment

Closure devices are used for reconnecting tissues during surgical procedures and for closing incisions made by trocars. The laparoscopic port closure device successfully and safely closes port sites in obese patients undergoing bariatric procedures and surgeries.

These devices are also 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. However, these devices are found to be complicated, expensive, and may cause tissue trauma.​

The major closure devices present in the market are the Cooper Surgical’s Carter Thomason, Teleflex Endo Fascial Closure, Gordian’s TroClose1200, etc. ​Market players are frequently launching new closure devices that are expected to drive the segment significantly. For instance, in October 2019, Gordian Surgical Ltd. has raised USD 3 million for commercialization of Its TroClose 1200 access-closure system for laparoscopic surgery in the US​.

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North America Dominates the Market and is Expected to do Same in the Forecast Period

North America is expected to dominate the overall market throughout the forecast period. This is due to the increasing number of obese population across the region. Another driving factor is due to the availability of better healthcare infrastructure in the region and the rising awareness about bariatric surgery. In the North American region, the United States holds the largest market share. According to the American Society for Metabolic and Bariatric Surgery statistics, there were around 228,000 surgeries in 2017 and 193,000 surgeries in 2015 were performed in the United States alone. Hence all these statistics show an exponential increase in the number of bariatric surgeries that drive the overall growth of the market. ​In December 2017, Penn Medicine has Launched its First App Penn Life Gained app or Bariatric Surgery Patients Using Apple CareKit will allow bariatric surgery patients to collate their health information. Thus, the frequent product launches of bariatric surgery devices are also expected to drive the market growth in the region.

Bariatric Surgery Market

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Competitive Landscape

The bariatric surgery market is moderately competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. With the rising patient awareness levels and increasing obese population, few other smaller players are also expected to enter into the market in the coming years. Some of the major players of the market are Medtronic PLC, Ethicon Inc., Apollo Endosurgery Inc., Aspire Bariatrics Inc., and Intuitive Surgical Inc., among others.

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 Increase in Obesity Patients

      2. 4.2.2 Prevalence Rate of Type 2 Diabetes and Heart Diseases

      3. 4.2.3 Government Initiatives to Curb Obesity

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of Surgery

      2. 4.3.2 Lack of Knowledge and Awareness in Developing and Underdeveloped Countries

    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

    2. 5.2 Geography

      1. 5.2.1 North America

        1. 5.2.1.1 United States

        2. 5.2.1.2 Canada

        3. 5.2.1.3 Mexico

      2. 5.2.2 Europe

        1. 5.2.2.1 Germany

        2. 5.2.2.2 United Kingdom

        3. 5.2.2.3 Spain

        4. 5.2.2.4 Italy

        5. 5.2.2.5 France

        6. 5.2.2.6 Rest of Europe

      3. 5.2.3 Asia-Pacific

        1. 5.2.3.1 China

        2. 5.2.3.2 Japan

        3. 5.2.3.3 India

        4. 5.2.3.4 Australia

        5. 5.2.3.5 South Korea

        6. 5.2.3.6 Rest of Asia-Pacific

      4. 5.2.4 Middle East & Africa

        1. 5.2.4.1 GCC

        2. 5.2.4.2 South Africa

        3. 5.2.4.3 Rest of Middle East & Africa

      5. 5.2.5 South America

        1. 5.2.5.1 Brazil

        2. 5.2.5.2 Argentina

        3. 5.2.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Medtronic PLC

      2. 6.1.2 Ethicon Inc. (Johnson and Johnson)

      3. 6.1.3 Apollo Endosurgery Inc.

      4. 6.1.4 Aspire Bariatrics Inc.

      5. 6.1.5 Intuitive Surgical Inc.

      6. 6.1.6 B. Braun Melsungen AG

      7. 6.1.7 Olympus Corporation

      8. 6.1.8 The Cooper Companies

      9. 6.1.9 Conmed Corporation

    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 Bariatric Surgery Market market is studied from 2018 - 2026.

The Bariatric Surgery Market is growing at a CAGR of 4.8% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Medtronic PLC, Ethicon Inc. (Johnson and Johnson), Apollo Endosurgery Inc., Aspire Bariatrics Inc., Intuitive Surgical Inc. are the major companies operating in Bariatric Surgery Market.

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