Market Size of Canada Bariatric Surgery Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.80 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Canada Bariatric Surgery Market Analysis
The Canada Bariatric Surgery Market is expected to register a CAGR of 2.8% during the forecast period. There are certain factors propelling the growth of the market, includes increasing obesity patients, growing government initiatives to curb obesity, and rising prevalence rate of type 2 diabetes and heart diseases.
As per statistics Canada, in 2018, in Canada, approximately 7.3 million adults who were 18 years and older (26.8%) were obese. Another 9.9 million adults (36.3%) were classified as overweight. Moreover, the total population with increased health risks due to excess weight was 63.1% in 2018. This was an increase from 61.9% in 2015.
Furthermore, as per the Organisation for Economic Co-operation and Development (OECD) suggested that in Canada, the prevalence of obesity will continue to rise at a predicted rate of 4-5% per year. Therefore, a high prevalence of obesity in the country is expected to drive the market in the coming years.
