Bariatric Surgery Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type Of Surgery (Minimally Invasive, Non- Invasive), By Technique Of Surgery (Gastric Bypass, Sleeve Gastrectomy, Adjustable Gastric Band, Biliopancreatic Diversion), By Type Of Device (Gastric Bands, Gastric Balloons, Others), And By Geography - Forecasts From 2021 To 2027

Published:  Feb 2021 Report Code: KSI061610398 Pages: 114

The global bariatric surgery market is evaluated at US$1.935 billion in 2020 and is expected to grow at a CAGR of 6.95% to reach the market size of US3.097 billion by the year 2027.

Bariatric surgery is a weight loss surgery that is used as one of the major treatment procedures for treating obesity. This surgery helps in the reduction of the size of the stomach by either removing some parts of the stomach or by using a gastric band. Factors contributing to the growth of bariatric surgery are the increase in obesity, rising cases of type 2 diabetes and cardiovascular diseases, increasing demand for minimally invasive surgical techniques. Rising sedentary lifestyle habits and unhealthy dietary patterns are the major cause of weight-related problems which is increasing the need for bariatric surgeries.

Bariatric Surgery Market Drivers 

  • With the rising prevalence of obesity and the launch of innovative products

obesity is one of the largest health problems that people are facing worldwide. The growing intake of fast food with high calories and the increase in the acceptance of an unhealthy lifestyle are the key driving factors leading to obesity which in turn, is expected to increase the demand for bariatric surgery during the forecast period. Bariatric surgery not only cures obesity but also co-morbidities which helps in improving the overall health of the person. Moreover, growing innovation in the bariatric surgery medical device field is expected to boost the market growth in the coming years. For instance, Standard Bariatrics, Inc., has announced the launch of Titan SGS surgical stapler which is used in bariatric surgery requiring the creation of sleeve pouch anatomy. Ethicon, a part of Johnson & Johnson Medical Devices Companies has announced the launch of a new comprehensive surgical solution for bariatric revision surgery. This solution includes a product portfolio designed to help surgeons perform bariatric revision surgery with precision, efficiency, and consistency.

  • Growing medical tourism across developing economies

Many countries across the globe participate in medical tourism which is expected to drive the growth of the market during the forecast period. Countries like India, Turkey, Mexico Costa Rica and other developing economies have some of the most highly trained surgeons in the world. The government of these countries invests millions into their healthcare infrastructure and medicine every year. For example- The cost of medical care in India is very low due to which medical tourism in the country is experiencing a 22-25% growth. Medical tourism contributes over $2Bn to the healthcare market in India. In Mexico, gastric bypass surgery only costs around the US $5,200 – $10,950 whereas it is as high as $25,000 in the US. Medical tourism across various countries is projected to propel the overall market growth across various developing countries.

Bariatric Surgery Market Trends

  • Closure devices are expected to register high growth during the forecast period

There is a high demand for closure devices in the market as they are widely used in minimally invasive surgeries that require immediate closure of very small incisions made at the time of surgical procedures. However, these devices are very expensive and are known to cause tissue trauma. The most widely used closure devices that are used by the surgeons are- Cooper Surgical’s Carter Thomason, Gordian’s TroClose1200, and Teleflex Endo Fascial Closure. Companies are frequently making efforts to launch new closure devices in the market. For instance, Gordian Surgical Ltd. has invested USD 3 million for the commercialization of Its TroClose 1200 access-closure system which is used in laparoscopic surgery across North American countries.

During the projected period, North America is expected to hold a significant proportion of the bariatric surgery market

Geographically, the bariatric surgery market is classified into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to dominate the bariatric surgery market during the forecast period. Factors such as the increasing number of obese populations, the availability of better healthcare facilities across the region are expected to contribute to the growth of the market across the region. Out of all the North American countries, the United States holds the largest market share. According to the American Society for Metabolic and Bariatric Surgery statistics, the number of bariatric surgeries that were performed in U.S in 2015 were around 193,000 which has increased to 228,000 surgeries in 2017. All these statics show an exponential increase in the number of bariatric surgeries across the country. 

Covid-19 Insights

Covid-19 Pandemic has impacted the overall market growth. During the surgeries have been delayed or canceled to reallocate resources to the treatment of COVID-19 patients. With the government imposing lockdowns and other restrictive measures, the market growth had been impacted at a negative rate. The immediate and current focus of hospitals and health professionals had been diverted to the management of patients, that had been suffering from complications of the COVID-19 virus.

Bariatric Surgery Market Scope:

Report Metric Details
 Market size value in 2020  US$1.935 billion
 Market size value in 2027  US$3.097 billion
 Growth Rate  CAGR of 6.95% from 2020 to 2027
 Base year  2020
 Forecast period  2021–2027
 Forecast Unit (Value)  USD Billion
 Segments covered  Type of Surgery, Technique of Surgery, Type of Device, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  Allergan, Covidien Ltd, Ethicon Inc., Medtronic Plc., EnteroMedics, Inc., Intuitive   Surgical Inc, GI Dynamics Inc., Olympus
 Customization scope  Free report customization with purchase

 

Segmentation

The Bariatric Surgery market has been segmented based on the type of surgery, the technique used, devices, and geography as below:

  • By Type of Surgery
    • Minimally Invasive
    • Non- Invasive
  • By Technique of Surgery
    • Gastric Bypass
    • Sleeve Gastrectomy
    • Adjustable Gastric Band
    • Biliopancreatic Diversion
  • By Type of Device
    • Gastric Bands
    • Gastric Balloons
    • Others
  •  By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • UK
      • Others
    • Middle East & Africa
      • Saudi Arabia
      • UAE
      • Others
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Taiwan
      • Thailand
      • Indonesia
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the bariatric surgery market size by 2027?
A1. The global bariatric surgery market is expected to reach a total market size of US3.097 billion by 2027. 


Q2. What is the size of the global bariatric surgery market?
A2. Bariatric Surgery Market was valued at US$1.935 billion in 2020. 


Q3. What are the growth prospects for the bariatric surgery market?
A3. The bariatric surgery market is expected to grow at a CAGR of 6.95% during the forecast period. 


Q4. Which region holds the largest market share in the bariatric surgery market?
A4. North America is expected to dominate the bariatric surgery market owing to the increasing number of obese populations, the availability of better healthcare facilities across the region.


Q5. What factors are anticipated to drive bariatric surgery market growth?
A5. Factors contributing to the bariatric surgery market growth are the increase in obesity, rising cases of type 2 diabetes and cardiovascular diseases, increasing demand for minimally invasive surgical techniques.

1. INTRODUCTION
1.1. Market Definition
1.2. Market Segmentation
2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Assumptions
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Powers of Buyers
4.3.3. Threat of Substitutes
4.3.4. The threat of New Entrants
4.3.5. Competitive Rivalry in Industry
4.4. Industry Value Chain Analysis
5. BARIATRIC SURGERY MARKET, BY SURGERY TYPE
5.1. Minimally Invasive
5.2. Non-Invasive
6. BARIATRIC SURGERY MARKET, BY TECHNIQUE OF SURGERY
6.1.  Gastric Bypass
6.2. Sleeve Gastrectomy
6.3. Adjustable Gastric Band
6.4.  Biliopancreatic Diversion
7. BARIATRIC SURGERY MARKET, BY TYPE OF DEVICES
7.1. Gastric Bands
7.2. Gastric Balloons
7.3.  Others
8. BARIATRIC SURGERY MARKET, BY GOEGRAPHY
8.1. Introduction
8.2. North America
8.2.1. United States
8.2.2. Canada
8.2.3. Mexico
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.3.3. Others
8.4. Europe
8.4.1. Germany
8.4.2. France
8.4.3. United Kingdom
8.4.4. Spain
8.4.5. Others
8.5. The Middle East and Africa
8.5.1. Saudi Arabia
8.5.2. South Africa
8.5.3. Others
8.6. Asia Pacific
8.6.1. China
8.6.2. Japan
8.6.3. Australia
8.6.4. India
8.6.5. Others
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrative
9.3. Mergers, Acquisition, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. COMPANY PROFILES
10.1.  Allergan
10.2. Covidien Ltd
10.3. Ethicon Inc.
10.4. Medtronic Plc.
10.5. EnteroMedics, Inc.
10.6. Intuitive Surgical Inc
10.7. GI Dynamics Inc.
10.8. Olympus

 Allergan

Covidien Ltd

Ethicon Inc.

Medtronic Plc.

EnteroMedics, Inc.

Intuitive Surgical Inc

GI Dynamics Inc.

Olympus

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