IMARC Group's report titled "Bariatric Surgery Devices Market Report by Procedure Type (Minimally Invasive Surgical Procedures, Non-Invasive Surgical Procedures), Device Type (Assisting Devices, Implantable Devices), Procedure (Sleeve Gastrectomy, Adjustable Gastric Banding, Roux-en-Y Gastric Bypass, Biliopancreatic Diversion with Duodenal Switch, and Others), Application (Weight Loss, Hereditary Disease, and Other Disorders), End-User (Bariatric Surgery Clinics, Hospitals, and Others), and Region 2024-2032". The global bariatric surgery devices market size reached US$ 2.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4.4 Billion by 2032, exhibiting a growth rate (CAGR) of 4.6% during 2024-2032.

Factors Affecting the Growth of the Bariatric Surgery Devices Industry:

• Increasing Prevalence of Obesity and Related Health Conditions

The bariatric surgery devices industry is experiencing significant growth due to the increasing prevalence of obesity and related health issues like type 2 diabetes, cardiovascular diseases, and hypertension. With the global obesity crisis worsening, more people are searching for effective long-term solutions for managing their weight. Bariatric surgery is gaining popularity for its ability to promote substantial weight loss and improve obesity-related health conditions. This rise in demand for bariatric procedures is driving the need for advanced surgical devices that can enhance the safety, efficiency, and outcomes of these surgeries. Consequently, manufacturers are focusing on developing innovative devices and technologies to meet this growing demand and enhance patient care.

• Technological Advancements and Product Innovations

The growth of the bariatric surgery devices industry is driven by technological progress and innovative products. Advancements like minimally invasive procedures such as laparoscopic and robotic-assisted surgeries have transformed bariatric surgery, leading to quicker recovery, fewer complications, and better outcomes. Furthermore, the introduction of new devices like advanced stapling systems, adjustable gastric bands, and intragastric balloons has broadened the treatment options for patients. Ongoing research and development efforts focused on enhancing the accuracy, safety, and effectiveness of bariatric surgery devices are projected to boost market expansion. These developments enhance patient satisfaction and encourage more people to consider surgical weight-loss solutions.

• Favorable Reimbursement Policies and Increasing Healthcare Expenditure

The growth of the bariatric surgery devices industry is heavily influenced by favorable reimbursement policies and increased healthcare spending. In many developed countries, policies offering coverage for bariatric procedures have made these surgeries more accessible to a wider population. This financial assistance lowers patients' out-of-pocket costs, encouraging them to consider surgical options for managing obesity. Moreover, the expansion of healthcare infrastructure in emerging economies is improving the availability and quality of bariatric surgical services. Government efforts to address obesity and promote healthier lifestyles are crucial in driving demand for bariatric surgery devices by raising public awareness and acceptance of surgical interventions for obesity.

Leading Companies Operating in the Global Bariatric Surgery Devices Industry:

•  Apollo Endosurgery Inc.
• GI Dynamics
• Intuitive Surgical Inc.
• Johnson & Johnson Services Inc.
• Medtronic Inc.
• Olympus Corporation
• Reach Surgical Inc.
• Reshape Lifesciences Inc.
• Spatz Fgia Inc.
• TransEnterix Inc.
• USGI Medical Inc

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/bariatric-surgery-devices-market/requestsample

Bariatric Surgery Devices Market Report Segmentation:

By Procedure Type:

• Minimally Invasive Surgical Procedures
• Non-Invasive Surgical Procedures

Minimally invasive surgical procedures dominate the market due to their reduced recovery times, lower complication rates, and improved patient outcomes than traditional open surgeries.

By Device Type:

• Assisting Devices
  • Stapling Devices
  • Energy Based Vessel Sealing Devices
  • Suturing Devices
  • Trocars
  • Clip Appliers
  • Others
• Implantable Devices
  • Gastric Bands
  • Electrical Stimulators
  • Gastric Balloons
  • Transpyloric Shuttle
  • Others

Assisting devices account for the largest market share as they are essential in enhancing the precision and safety of bariatric surgeries, facilitating better surgical performance and patient care.

By Procedure:

• Sleeve Gastrectomy
• Adjustable Gastric Banding
• Roux-en-Y Gastric Bypass
• Biliopancreatic Diversion with Duodenal Switch
• Others

Roux-en-Y gastric bypass represents the largest segment as it is highly effective in achieving significant weight loss and improving obesity-related comorbidities, making it a preferred choice among surgeons and patients.

By Application:

• Weight Loss
• Hereditary Disease
• Other Disorders

Weight loss dominates this segment due to the primary objective of bariatric surgeries being substantial and sustained weight reduction in individuals with severe obesity.

By End User:

• Bariatric Surgery Clinics
• Hospitals
• Others

Bariatric surgery clinics hold the largest share as they specialize in providing comprehensive bariatric care, offering a wide range of surgical options and post-operative support services.

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Global Bariatric Surgery Devices Market Trends:

The global market for bariatric surgery devices is on the rise due to the increasing prevalence of obesity and advancements in minimally invasive surgical methods. Techniques such as laparoscopy and robotic assistance are improving surgical outcomes and reducing recovery times, making them popular among patients and healthcare providers. Moreover, the introduction of innovative devices like adjustable gastric bands and intragastric balloons is broadening the range of effective surgical options available. With favorable reimbursement policies and higher healthcare expenditure, especially in developed nations, bariatric surgery is becoming more accessible. The growing awareness of health risks associated with obesity and the efficacy of surgical interventions is driving market expansion as more people seek sustainable weight management solutions.

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