Bariatric surgery or weight loss surgery is used as one of the major treatment procedures for obesity. During this procedure, the size of the stomach is reduced by removing some part of the stomach or using a gastric band. Gastric bypass, sleeve gastrectomy, adjustable gastric band, and biliopancreatic diversion with a duodenal switch are most widely used equipment in bariatric procedures. Body Mass Index (BMI) plays an important role in determining whether a person is obese. Bariatric surgery is mostly recommended for the people with BMI above 40. It can be used to improve the health of the patients with obesity thereby reducing the risk of life-threatening diseases.
Obesity is one of the major health problems have increased the demand for gastric bypass across the globe. Diabetes and cardiovascular disease are the major diseases found to be prevalent among the obese population. The emergence of new technologies in bariatric surgery, increasing number of patients and growing demand for minimally invasive surgical procedures are the key drivers for the market growth during the forecast period.
Rising prevalence of obesity and increasing demand for weight loss procedures are the major factors, which drive the growth of the market. Furthermore, the popularity of bariatric surgery for weight loss is found to be increasing in the developing nations across the globe, boosting the market growth.
Global Bariatric Surgery Market is expected to grow at a CAGR of 6.5% during the forecast period.
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The American bariatric surgery market is the largest across the globe, which is mainly driven by the extensive use of surgical devices for bariatric surgery, the presence of major market players and rapid growth of healthcare sector. Awareness regarding obesity and physical fitness is found to be increasing among the U.S. population, thereby emphasizing the need for obesity management programs among the adult and geriatric population. The South American market is driven by the overall demand for innovative healthcare solutions in the market.
In Europe, Germany and France are the major contributors to the market growth. Expansion of healthcare industry, growing investment in medical device sector by major European nations and rising diabetic population drive the market.
Asia Pacific market exhibits high growth potential due to huge patient population and emergence of new market players. Rise in the share of healthcare in the GDP, and per capita income of people also accelerate the market growth. China is the hub of the huge geriatric population with a number of health conditions such as diabetes, obesity and cardiovascular diseases, further demanding the need for diagnosis and treatment services. In India, the obese population is expected to be at a high risk of diabetes and cardiovascular disease affecting their providing, necessitating the need for obesity managing among adults as well as the aging population.
The Middle East & Africa, a number of bariatric surgery are found to be increasing with an increase in the prevalence of chronic disease and increasing number of surgical centers in the region, boosting the market growth.
Key players of Global Bariatric Surgery Market:
Some of the key players in the global market are Apollo Endosurgery Inc., Johnson & Johnson Services Inc., Olympus Corporation, ALLERGAN, TransEnterix Surgical, Inc., Cousin Biotech, EndoGastric Solutions, Inc., ReShape Lifesciences, Inc., Medtronic, Intuitive Surgical, Aspire Bariatrics, Mediflex Surgical Products and others.
The global Bariatric Surgery Market is segmented on the basis of device, type, and end user. On the basis of the device, the market is segmented into surgical stapler gastric bands, gastric balloons, gastric emptying systems, electrical stimulation systems and others.
On the basis of type, the market is segmented into gastric bypass, sleeve gastrectomy, adjustable gastric band, biliopancreatic diversion with duodenal switch, and others. On the basis of the end user, the market is segmented into hospital & clinics, surgical centers, and others.
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
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