Global Bariatric Devices Market by Types (Calorie Intake, Hereditary, Disease or Disorders, and Others), Applications (Bariatric Surgery Clinics, Hospitals and Ambulatory Surgical Centers), and Regions (Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The global bariatric devices market size is projected to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the rising lifestyle illnesses like obesity, diabetes, cardiovascular disease, etc.
The surgical equipment used to perform bariatric treatments for weight loss is referred to as bariatric surgery devices. These operations reduce the stomach's capability to retain food, resulting in nutrition malabsorption. The generation of gut hormones is aided by bariatric surgery devices, which suppress appetite. Stapling devices, vessel sealing devices, suturing devices, trocars, adjustable gastric bands, gastric balloons, electrical stimulators, and other devices are among them. The widespread availability of minimally invasive surgical equipment has aided physicians in their efforts to reduce surgery-related morbidity. The major goal of deploying these devices is to eliminate the necessity for surgical incisions, hence reducing the risk of problems connected to post-operative trauma.
Many patients have been unable to have bariatric surgery as a result of the global spread of the new coronavirus, which was followed by lockdown regimens. During the continuing epidemic, with most doctors preoccupied with the nonstop treatment of corona patients, the only treatments accessible to patients in public hospitals were oncological and surgical emergency operations. Because of the unavailability and demand of the scenario, people suffering from morbid obesity have been placed on wait several times.
According to the American Heart Association, overall medical costs would rise to USD 957 billion by 2030, up from USD 861 billion now. The government has been worried by the high cost of healthcare and has taken steps to lower the incidence of obesity and the long-term chronic illnesses associated with it. Ethicon, a Johnson & Johnson company, committed approximately USD 3.2 million in June 2015 to research the effects of bariatric surgery on Type 2 diabetes and obesity. In addition, the business released three new endocutter and energy items to help with bariatric surgery treatments.
Market Trends, Drivers, Restraints, and Opportunities
- The increasing prevalence of sedentary consumer lives, along with bad eating habits is estimated to boost the market expansion in the coming years.
- Growing government assistance and increased knowledge about unhealthy foods and beverages available on the market, as well as their impact on BMI, are expected to propel market growth during the forecast period.
- Increased product recalls and the expense of doing these bariatric procedures is expected to hinder the market growth.
- R&D investment and technological advancement such as surgical robots are anticipated to create lucrative opportunities for the market players.
Scope of the Report
The report on the global bariatric devices market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Global Bariatric Devices Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Types (Calorie Intake, Hereditary, Disease or Disorders, and Others) and Applications (Bariatric Surgery Clinics, Hospitals and Ambulatory Surgical Centers) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Medtronic, Allergan, Enteromedics, GelesisAllergan, Aspire Bariatrics, Cousin Biotech, Covidien, Endogastric Solutions, Bariatric Solution, and Apollo Endosrugery |
Market Segment Insights
The disease or disorders segment is projected to account for a key market share
In terms of types, the global bariatric devices market is segmented into calorie intake, hereditary, disease or disorders, and others. The disease or disorders segment is expected to account for a key share of the market during the forecast period due to rising health problems found among people, especially during the COVID-19 pandemic. On the other hand, the calorie intake segment is anticipated to expand at a rapid pace during the forecast period.
The Bariatric surgery clinics segment is anticipated to expand at a substantial/rapid CAGR
On the basis of applications, the global bariatric devices market is divided into bariatric surgery clinics, hospitals and ambulatory surgical centers. The bariatric surgery clinics segment is expected to account for a key share of the market in the coming years) owing to the rising concerns with obese people around the globe and other health-related problems.
North America is expected to dominate the market
On the basis of regions, the global bariatric devices market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of North America is anticipated to expand at an impressive CAGR during the forecast period. The regional market growth can be attributed to high obesity prevalence and considerable government-supported financing. On the other hand, the market of Europe is expected to exhibit a rapid growth rate in the coming years owing to the rise of unhealthy lifestyle illnesses. Furthermore, due to the large obese population and increasing medical tourism due to surgery conducted at low rates, Asia Pacific is the fastest-growing market with a CAGR of over 10.5%.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Bariatric Devices Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Bariatric Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Bariatric Devices Market - Supply Chain
4.5. Global Bariatric Devices Market Forecast
4.5.1. Bariatric Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Bariatric Devices Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Bariatric Devices Market Absolute $ Opportunity
5. Global Bariatric Devices Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Bariatric Devices Market Size and Volume Forecast by Types
5.3.1. Calorie Intake
5.3.2. Hereditary
5.3.3. Disease or Disorders
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Bariatric Devices Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Bariatric Devices Market Size and Volume Forecast by Applications
6.3.1. Bariatric Surgery Clinics
6.3.2. Hospitals and Ambulatory Surgical Centers
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Bariatric Devices Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Bariatric Devices Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Bariatric Devices Demand Share Forecast, 2019-2026
8. North America Bariatric Devices Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Bariatric Devices Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Bariatric Devices Market Size and Volume Forecast by Types
8.4.1. Calorie Intake
8.4.2. Hereditary
8.4.3. Disease or Disorders
8.4.4. Others
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Bariatric Devices Market Size and Volume Forecast by Applications
8.7.1. Bariatric Surgery Clinics
8.7.2. Hospitals and Ambulatory Surgical Centers
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Bariatric Devices Demand Share Forecast, 2019-2026
9. Latin America Bariatric Devices Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Bariatric Devices Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Bariatric Devices Market Size and Volume Forecast by Types
9.4.1. Calorie Intake
9.4.2. Hereditary
9.4.3. Disease or Disorders
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Bariatric Devices Market Size and Volume Forecast by Applications
9.7.1. Bariatric Surgery Clinics
9.7.2. Hospitals and Ambulatory Surgical Centers
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Bariatric Devices Demand Share Forecast, 2019-2026
10. Europe Bariatric Devices Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Bariatric Devices Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Bariatric Devices Market Size and Volume Forecast by Types
10.4.1. Calorie Intake
10.4.2. Hereditary
10.4.3. Disease or Disorders
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Bariatric Devices Market Size and Volume Forecast by Applications
10.7.1. Bariatric Surgery Clinics
10.7.2. Hospitals and Ambulatory Surgical Centers
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Bariatric Devices Demand Share Forecast, 2019-2026
11. Asia Pacific Bariatric Devices Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Bariatric Devices Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Bariatric Devices Market Size and Volume Forecast by Types
11.4.1. Calorie Intake
11.4.2. Hereditary
11.4.3. Disease or Disorders
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Bariatric Devices Market Size and Volume Forecast by Applications
11.7.1. Bariatric Surgery Clinics
11.7.2. Hospitals and Ambulatory Surgical Centers
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Bariatric Devices Demand Share Forecast, 2019-2026
12. Middle East & Africa Bariatric Devices Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Bariatric Devices Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Bariatric Devices Market Size and Volume Forecast by Types
12.4.1. Calorie Intake
12.4.2. Hereditary
12.4.3. Disease or Disorders
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Bariatric Devices Market Size and Volume Forecast by Applications
12.7.1. Bariatric Surgery Clinics
12.7.2. Hospitals and Ambulatory Surgical Centers
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Bariatric Devices Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Bariatric Devices Market: Market Share Analysis
13.2. Bariatric Devices Distributors and Customers
13.3. Bariatric Devices Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Medtronic
13.4.2. Allergan
13.4.3. Enteromedics
13.4.4. GelesisAllergan
13.4.5. Aspire Bariatrics
13.4.6. Cousin Biotech
13.4.7. Covidien
13.4.8.
The global bariatric devices market has been segmented on the basis of
Types
- Calorie Intake
- Hereditary
- Disease or Disorders
- Others
- Bariatric Surgery Clinics
- Hospitals and Ambulatory Surgical Centers
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
- Medtronic
- Allergan
- Enteromedics
- GelesisAllergan
- Aspire Bariatrics
- Cousin Biotech
- Covidien
- Endogastric Solutions
- Bariatric Solution
- Apollo Endosrugery
Key players competing in the global bariatric devices market include Medtronic, Allergan, Enteromedics, GelesisAllergan, Aspire Bariatrics, Cousin Biotech, Covidien, Endogastric Solutions, Bariatric Solution, and Apollo Endosrugery.
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