Bariatric Surgery Market Future Trends, emerging growth factors and regional forecast to 2028 Research Report By Emergen Research
According to Emergen Research, the global bariatric surgery market size was USD 2.41 billion in 2020 and is expected to reach USD 4.81 billion in 2028 and register a revenue CAGR of 9.0% during the forecast period, 2021-2028.
Increase in number of patients requiring surgery and rising demand for minimally invasive surgical procedures are some key factors fueling global bariatric surgery market revenue growth. Increasing prevalence of Type 2 diabetes and heart diseases are also driving market revenue growth.Rapid urbanization, lack of physical activity, and poor or unhealthy diets are contributing to increasing obesity. However, high cost of these surgeries and procedures is a key factor negatively impacting market revenue growth.
Bariatric surgery is a term collectively used for various types of weight-loss surgeries that make changes to the digestive system of obese individuals. Bariatric surgery is a hormonal procedure in which alteration in gut hormone levels develops as a result of restriction and malabsoprtion. Weight loss resulting from bariatric surgeries is also linked with reduction in some comorbidities of obesity such as sleep apnea, metabolic syndrome, and diabetes. Bariatric surgery is often done laproscopically and requires only small cuts and has fewer risks and faster recovery period.
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Technological advancements have resulted in development of more innovative surgical devices with improved treatment outcomes. In addition, rapid integration of surgical robots with bariatric equipment is supporting market growth, and the trend is expected to continue going ahead. Increasing need for bariatric surgeries have created rising demand for skilled professionals. Availability of specialized surgeons for bariatric surgeries is having a positive impact on the market.
Global Bariatric Surgery Market : Notable Developments
The following is one of the significant developments pertaining to the global Bariatric Surgery Market
In February 2021, Carrum Health expanded options for weight loss surgery in mid-west through partnership with the Bariatric Centre of Kansas City (BCKC). The centre has performed over 17,000 surgeries and the partnership will help improve quality of lives with improved access to high-quality bariatric surgery.
COVID-19 Impact Analysis
The virus outbreak and social distancing norms and restrictions severely disrupted the overall business landscape and operations worldwide.
COVID-19 pandemic and lockdowns have resulted in several countries shutting down airports, ports, and commercial and domestic transportation. This had impacted manufacturing activities and operations globally and took a toll on the economy of various countries.
Sudden and drastic downturn in economic activity caused a slowdown in manufacturing, production, import/export, and other sectors and also resulted in employment loss to a major extent.
Supply impacts were further compounded due to challenges on the demand-side owing to reduced disposable income, depleting savings, and increased concerns and uncertainties.
Key Highlights From The Report :
Gastric bypass surgery helps loose weight by changing how stomach and small intestine handles food. After surgery, the stomach will be smaller, and patient will feel full with less food consumption. This procedure is performed on patients who are seriously obese and have been unable to achieve desired weight loss through diets.
Non-invasive or minimally invasive surgeries enable completion of weight loss surgery without need for making a large, open incision. There are various types of minimally invasive surgeries such as single-site weight loss surgery, laparoscopic weight loss surgery, robotic weight loss surgery, and endoscopic techniques.
North America accounted for largest revenue share in 2020 due to increasing obesity rates in countries in the region. Increasing government-supported funding and research activities has also been supporting revenue growth of the North America market.
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Segments covered in the report:
Emergen Research has segmented the global bariatric surgery market on the basis of device, surgery, procedure, end-use, and region:
Device Outlook (Revenue, USD Billion; 2018–2028)
Electrical Stimulation Devices
Gastric Emptying Systems
Gastric Balloon Systems
Surgery Outlook (Revenue, USD Billion; 2018–2028)
Procedure Outlook (Revenue, USD Billion; 2018–2028)
Gastric Sleeve Surgery
Adjustable Gastric Band
Biliopancreatic Diversion with Duodenal Switch
End-use Outlook (Revenue, USD Billion; 2018–2028)
Bariatric Surgery Clinics
Ambulatory Surgical Centers
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Geographic Segment Covered in the Report:
The Bariatric Surgery Market provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.
- North America (USA and Canada)
- Europe (UK, Germany, France and the rest of Europe)
- Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
- Latin America (Brazil, Mexico, and the rest of Latin America)
- Middle East and Africa (GCC and rest of the Middle East and Africa)
What is the key information extracted from the report?
Extensive information on factors estimated to affect the Bariatric Surgery Market growth and market share during the forecast period is presented in the report.
The report offers the present scenario and future growth prospects Bariatric Surgery Market in various geographical regions.
The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
The SWOT analysis is conducted along with Porter’s Five Force analysis.
The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
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