Abstract
Summary
Global Bariatric Surgery Market Size, Share & Trends Analysis Report by Procedures (Biliopancreatic Diversion with a Duodenal Switch (bpd-ds), Adjustable Gastric Band Surgery, Sleeve Gastrectomy Surgery, and Gastric Bypass Surgery), by Devices (Gastric Bands, Gastric Balloons, Gastric Stapling Device, and Others), and by End-User (Hospitals and Clinics, and Ambulatory Surgical Centers) Forecast Period (2022-2028)
The global bariatric surgery market is anticipated to grow at a substantial CAGR of 9.2% during the forecast period. Growing prevalence of chronic diseases including diabetes and obesity, and increasing government funding are some major factors affecting the growth of the global bariatric surgery market. Obesity is a major health concern affecting a significantly large number of people around the world. According to the National Institutes of Health, obesity and overweight together are the second leading cause of preventable death in the United States and an estimated 300,000 deaths per year are due to the obesity epidemic. Bariatric surgery is an effective treatment for severe obesity that outcomes in the improvement or remission of many obesity-related comorbid conditions and sustained weight loss. As a result, Rising concerns about the disease have driven demand for bariatric surgeries. Furthermore, increasing government funding to improve healthcare facilities and hospitals is also expected to boost market growth during the forecast period. Adoption of these surgeries in the emerging markets, improving healthcare spending and growing disposable incomes are expected to create significant demand for bariatric surgery market. However, high costs associated with surgery and post-surgery complications may affect the growth of the market.
The global bariatric surgery market is segmented on the basis of procedures, devices, and end-user. Based on procedures, the market is segmented into biliopancreatic diversion with a duodenal switch (bpd-ds), adjustable gastric band surgery, sleeve gastrectomy surgery, and gastric bypass surgery. Based on devices, the market is segmented into gastric bands, gastric balloons, gastric stapling device, and others. Based on end-user, the market is segmented into hospitals and clinics, and ambulatory surgical centers. On the basis of end user, the hospitals and clinics are expected to hold the largest market share during the forecast period. This is due to the increasing prevalence of various diseases such as CVD, kidney diseases, and diabetes. Additionally, the developing healthcare sector and increase in health care infrastructure and support is further driving the hospital and clinics segment. Moreover, due to the increase in bariatric surgeries across the globe, bariatric surgery clinics accounted for major market share.
Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia-Pacific is projected to exhibit a considerable growth in the global market during the forecast period due increasing prevalence of diseases. Due to large pool of patient population, and developing healthcare infrastructure in the region, Asia-Pacific region is poised to grow at a higher pace. Diabetes is one of the major chronic diseases creating an economic burden on the developing countries such as China and India. Diabetes and cardiovascular disease are the major diseases found to be widespread among the obese population. According to International Diabetes Federation (IDF), 1 in 11 adults (90 million) are living with diabetes in South-East Asia and 747,000 deaths caused by diabetes in 2021. Moreover, Availability of skilled healthcare professionals and rising patient awareness concerning obesity, are the key factors which are further contributing to the growth of the market in this region.
The major companies serving the global Bariatric Surgery market include Allergan, Inc., Cousin-Biotech, Medtronic PLC, Johnson & Johnson Services, Inc., Olympus Corp., ReShape Lifesciences, Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, In 2021, ReShape Lifesciences Inc. announced the completion of the previously announced merger with Obalon Therapeutics. In connection with this, Obalon changed its name to ReShape Lifesciences Inc.
Research Methodology
The market study of the global bariatric surgery market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
Financial reports of companies involved in the market.
Whitepapers, research papers, and news blogs.
Company websites and their product catalog.
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
Global Bariatric Surgery Market Research and Analysis by Procedures.
Global Bariatric Surgery Market Research and Analysis by Devices.
Global Bariatric Surgery Market Research and Analysis by End-User.
The Report Covers
Comprehensive research methodology of the global bariatric surgery market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global bariatric surgery market.
Insights about market determinants that are stimulating the global bariatric surgery market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.
Table of Contents
1 Report Summary
1.1 Research Methods and Tools
1.2 Market Breakdown
1.2.1 By Segments
1.2.2 BY Region
2 Market Overview and Insights
2.1 Scope of the Report
2.2 Analyst Insight & Current Market Trends
2.2.1 Key Findings
2.2.2 Recommendations
2.2.3 Conclusion
3 Competitive Landscape
3.1 Key Company Analysis
3.2 Cousin-Biotech
3.2.1 Overview
3.2.2 Financial Analysis
3.2.3 SWOT Analysis
3.2.4 Recent Developments
3.3 Johnson & Johnson Services, Inc
3.3.1 Overview
3.3.2 Financial Analysis
3.3.3 SWOT Analysis
3.3.4 Recent Developments
3.4 Medtronic PLC
3.4.1 Overview
3.4.2 Financial Analysis
3.4.3 SWOT Analysis
3.4.4 Recent Developments
3.5 Olympus Corp
3.5.1 Overview
3.5.2 Financial Analysis
3.5.3 SWOT Analysis
3.5.4 Recent Developments
3.6 ReShape Lifesciences, Inc
3.6.1 Overview
3.6.2 Financial Analysis
3.6.3 SWOT Analysis
3.6.4 Recent Developments
3.7 Key Strategy Analysis
3.8 Impact of Covid-19 on Key Players
4 Market Segmentation
4.1 Global Bariatric Surgery Market by Procedures
4.1.1 Biliopancreatic Diversion with a Duodenal Switch (bpd-ds)
4.1.2 Adjustable Gastric Band Surgery
4.1.3 Sleeve Gastrectomy Surgery
4.1.4 Gastric Bypass Surgery
4.2 Global Bariatric Surgery Market by Devices
4.2.1 Gastric Bands
4.2.2 Gastric Balloons
4.2.3 Gastric Stapling Device
4.2.4 Others (Adjustable Gastric Bands and Bariatric Bed)
4.3 Global Bariatric Surgery Market by End-User
4.3.1 Hospitals and Clinics
4.3.2 Ambulatory Surgical Centers
5 Regional Analysis
5.1 North America
5.1.1 United States
5.1.2 Canada
5.2 Europe
5.2.1 UK
5.2.2 Germany
5.2.3 Italy
5.2.4 Spain
5.2.5 France
5.2.6 Rest of Europe
5.3 Asia-Pacific
5.3.1 China
5.3.2 India
5.3.3 Japan
5.3.4 South Korea
5.3.5 Rest of Asia-Pacific
5.4 Rest of the World
6 Company Profiles
6.1 Allergan PLC
6.2 Apollo Endosurgery Inc
6.3 Asensus Surgical, Inc
6.4 Aspire Bariatrics, Inc
6.5 EndoGastric Solutions, Inc
6.6 Gelesis, Inc
6.7 GI Dynamics, Inc
6.8 Mediflex Surgical Products
6.9 Sklar Surgical Instruments
6.10 Spatz FGIA Inc
6.11 Stryker Corp
6.12 USGI Medical, Inc
6.13 W. L. Gore & Associates, Inc