Bariatric Surgery Market Outlook 2023 Deployment and Opportunities for Future Growth Until 2030
The global bariatric surgery outlook is expected to exhibit a robust 8.8% CAGR over the forecast period, according to a new research report from Market Research Future (MRFR). The increased demand for bariatric procedures from the urban population in developed economies is the key factor driving the global market for this procedure. Over the forecast period, the global market for bariatric surgery is projected to be driven by the rising prevalence of obesity in Western urban areas.
In order to reduce the patient's food intake without raising their hunger, the stomach is cut off during bariatric surgery. The majority of patients undergoing bariatric surgery have a BMI of 40 or greater. Hence, the greatest candidates for bariatric surgery are usually those who have severe cases of obesity that run the danger of turning into morbid obesity.
Over the projected period, the worldwide bariatric surgery market is expected to be primarily driven by the rising prevalence of obesity. Over the past few decades, the rising consumption of fast food and the predominance of sedentary lifestyles devoid of physical activity have contributed to an increase in obesity rates around the world. One of the most effective approaches to manage obesity is through bariatric surgery, which reduces one's capacity for food intake and promotes easy weight loss after the procedure.
Advances in bariatric surgery are also likely to drive the demand for bariatric surgery over the forecast period. The growing demand for minimally invasive surgeries is likely to drive innovation in the bariatric surgery market over the forecast period, as manufacturers rush to fulfill the customer demand in the most efficient way possible. The growing number of patients opting for bariatric surgery is likely to drive the global bariatric surgery market over the forecast period.
Competitive Analysis:
Leading global bariatric surgery market Players include Apollo Endosurgery Inc., Olympus Corporation, TransEnterix Surgical Inc., EndoGastric Solutions Inc., Medtronic, Aspire Bariatrics, Mediflex Surgical Products, Intuitive Surgical, ReShape Lifesciences Inc., Cousin Biotech, Allergan, and Johnson & Johnson Services Inc.
Segmentation of Bariatric Surgery Market
The global bariatric surgery market share is segmented on the basis of device, type, and end user.
On the basis of the device, the bariatric surgery market is segmented into surgical stapler gastric bands, gastric balloons, gastric emptying systems, electrical stimulation systems, and others.
On the basis of the 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 bariatric surgery market is segmented into hospital & clinics, surgical centers, and others.
Regional Analysis:
Due to the high incidence of obesity in the region, the Americas account for the majority of the global market for bariatric surgery. Due to the rising incidence of obesity among both urban and rural populations in the region, North America is expected to have a significant impact on the global market for bariatric surgery in the years to come. Over the course of the projection period, the bariatric surgery market in the region is anticipated to increase steadily due to the region's consumers' increasing awareness of the need of preserving a youthful appearance. The high disposable income of consumers in the region is also likely to be a major driver for the global bariatric surgery market over the forecast period. According to the CDC, one third of the U.S. population were obese in 2014, leading to strong prospects for the bariatric surgery market in the region.
Europe is also likely to emerge as a major regional market for bariatric surgery in the coming years due to the growing prevalence of obesity in advanced Western economies and the growing availability of government funding for research.
Despite having a relatively small market share for bariatric surgery globally, Asia Pacific is predicted to increase quickly over the coming years. This is mostly because diabetes is becoming more common in the region.
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
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