Research Nester published a report titled “Bariatric Surgery Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of bariatric surgeries in terms of market segmentation by procedure, devices, end- user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The prevalence of overweight and obesity has risen dramatically, especially among children and adolescents. An increased intake of energy-dense food that are high in fat and sugars, and an increase in physical inactivity have driven an energy imbalance between calories consumed and calories expended. According to the World Health Organization, in 2019, 38.2 million children, worldwide, under the age of 5 were overweight or obese, while in 2020, the number grew to 39 million. On the back of these factors, the global bariatric surgery market is estimated to garner a significant revenue by growing at a CAGR of 5.1% over the forecast period, i.e., 2022 – 2031.
The market is segmented by procedure into adjustable gastric banding, gastric bypass, biliopancreatic diversion with duodenal switch, and gastric sleeve surgery, out of which, the gastric bypass segment is anticipated to hold the largest share in the global bariatric surgery market on account of high effectiveness in treating obesity and related disorders.
Geographically, the global bariatric surgery marketis segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region, out of which, North America region is anticipated to witness noteworthy growth over the forecast period owing to high occurrence of obesity among population and increase in investments by leading players for developing innovative surgery devices. Additionally, Asia-Pacific region is estimated to witness growth at the highest rate during the forecast period.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Increasing Development of Technologically Advanced Bariatric Surgery Devices to Boost Market Growth
Emergence of minimally invasive devices that reduce treatment cost & recovery time is increasing the development of technologically advanced bariatric surgery devices. This is one of the key factors driving the growth of the market. Moreover, increased awareness, driven by rise in diabetes and obesity among the population, has led to an increased interest in bariatric procedures. This is further expected to drive the market growth.
However, lack of awareness about complexities involved in bariatric surgery, adherence to a strict diet regime after surgery, and post-surgery associated complications are expected to restrain the growth of global bariatric surgery market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global bariatric surgery market which includes company profiling of Medtronic, Ethicon, Inc. (Johnson & Johnson Services, Inc.), Apollo Endosurgery, Inc., Garnet Health, Intuitive Surgical, B. Braun Melsungen AG, Olympus Corporation, Cook, CONMED Corporation, W. L. Gore & Associates, Inc., among others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global bariatric surgery market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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