According to a new study from Ultra Market Research titled "Bariatric Surgery Devices Market Insights, Trends, Opportunity & Forecast, 2020–2025," the global bariatric surgery devices market is expected to increase at a single digit rate during the forecast period of 2020-2025. Due to a growth in the number of obese people and a sedentary lifestyle full of unhealthy eating habits, as well as the rapid expansion of minimally invasive bariatric surgery, which results in reduced blood loss, North America and Europe combined accounted for a major part of the market.
Increased rates of obesity around the world increase the risk of developing diabetes, chronic heart failure, chronic renal failure, and stroke, all of which are life-threatening conditions that have fueled the bariatric surgery market's rapid expansion. The adoption of less invasive bariatric surgery is providing the bariatric surgery device market with a lucrative growth opportunity. Because to the use of laparoscopic instruments, the body is less stressed. The most essential factor influencing the market for bariatric surgery is speedy recovery.
North America accounted for largest market share in the bariatric surgery device market. In North America, U.S. is offering growth opportunity of 1.3x during forecast period. Factors such as the rising obesity rate, the willingness to be healthy, fit, and fine, and the likelihood of avoiding other serious diseases are all fueling the growth of the bariatric surgery market. In addition, bariatric gadgets are a safe and effective technique to manage severe obesity.
The gastric bands device accounted for a considerable amount of the market share in 2019 according to device type. Because the gastric band is implanted using laproscopical leads, there is a lower risk of complications. The gastric band cannot be removed once it has been implanted, lowering the risk of infection.
The global bariatric surgery devices market is segmented into procedure type, device type, procedure, application, end user and region. Based on procedure type, it is bifurcation into minimally invasive surgical procedure and non-invasive surgical procedure. Based on device type, the market is bifurcated into assisting devices and implantable devices. Assisting device is further classified into stapling devices, energy based vessel sealing devices, suturing devices, trocars, clip appliers, and others. Implantable device is further classified into gastric bands, electrical stimulators, gastric balloons, transpyloric shuttle, and others. There are two types on the basis of procedure are minimally invasive surgical procedures and non-invasive surgical procedures. Based on procedure, market is segregated into adjustable gastric binding (agb), vertical sleeve gastrectomy (vsg), roux-en-y gastric bypass (rygb), biliopancreatic diversion with a duodenal switch (bpd-ds), revision bariatric surgery, mini-gastric bypass, and others. Based on application, it is classified into weight loss, hereditary disease, and other disorders. On the basis of end-user it is segregated into bariatric surgery clinics, hospitals, ambulatory surgical centers
The global bariatric surgery devices market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and rest of Middle East & Africa). Germany, United Kingdom, France, Italy, Spain, Russia are key contributors to the growth of bariatric surgery device market in Europe. The countries in Asia-Pacific are predicted to expand the fastest. There is an increase in obesity-related problems amongst the population of these countries. China and India are the front-runners in terms of rapid growth.
Impact of COVID-19
Global bariatric surgery devices have been negatively impacted by the outbreak of COVID-19 pandemic. Many patients have been unable to receive bariatric surgery as a result of the global spread of the new coronavirus, which was followed by lockdown regimes. The only services accessible to patients in public hospitals during the ongoing pandemic, with most doctors preoccupied with the nonstop treatment of corona patients, were oncological treatments and surgical emergency. Because of the unavailability and demand of the scenario, patients suffering from morbid obesity have been placed on wait several times. Obesity rates have also grown as a result of reduced activity and quarantine periods during the lockdown. COVID 19 has affected persons who are suffering from severe obesity and have been placed on the waiting list. Slowly, however, both doctors and the government are banding together to get out of the predicament and perform the necessary surgeries, opting for investments, better infrastructure, and surgery scheduling.
Key Insights of Bariatric Surgery Devices Market
- On the basis of device type the gastric band devices segment will be major contributor to the growth of market.
- On the basis of end user, the bariatric surgery clinics and hospitals segment captured highest share of the bariatric surgery market in 2019.
- On the basis of region, North America accounted for largest bariatric surgery market in 2019.
- On the basis of region, Asia-Pacific is predicted to observe swift growth rate during the forecast period.
Some of the major bariatric surgery devices companies profiled in the report include Medtronic PLC, Jhonson and Jhonson (Ethicon Inc), Apollo Endosurgery Inc, Aspire Bariatrics Inc., Mediflex Surgical Procedure, Ethicon, Medtronic plc., Intuitive Surgical Inc., Olympus Corporation of the Americas, Aspire Bariatrics, Reach Surgical Inc., Cousin Biotech, Endogastric Solutions Inc., EntroMedics Inc., ReShape Medical Inc., Integra Life Sciences, and B. Braun.
