Asia Pacific Bariatric Surgery Market Opportunities | 2031
Asia Pacific Bariatric Surgery Market Opportunities | 2031
Segments - Asia Pacific Bariatric Surgery Market by Device (Assisting Devices, Implantable Devices, and Others) - Asia Pacific Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :HC-1694
| 4.8 Rating
| 84 Reviews
| 184 Pages
| Format :
Report Description
The Asia Pacific Bariatric Surgery Market size was valued at USD XX Billion in 2022 and is expected to surpass USD XX Billion by 2031, expanding at a CAGR of 9.68% during the forecast period, 2023 – 2031. The growth of the market is attributed to the increase in the number of obese patients and the rising prevalence rate of type-2 diabetes and heart diseases.
Obesity is referred to a metabolic dysfunction and is often related with a wide range of chronic illnesses that cause significant increases in mortality. Obesity is associated with significant rise in premature mortality, impaired quality of life, and a substantial amount of healthcare costs.
According to Australian Bureau of Statistics’ National Health Survey, in 2017-2018, about two thirds (67%) of Australian adults were overweight or obese (12.5 million people), up from 63.4% in 2014-2015. It is also indicated that almost one quarter (24.9%) of children who are aged 5-17 years were overweight or obese in 2017-2018 (17% overweight and 8.1% obese).
Bariatric surgery refers to a medical procedure that aids the weight loss by either absorption of the calories or the limiting the capacity of the stomach. This is the most effective weight loss therapy available for patients with morbid obesity, and it involves either open or laparoscopic techniques.
The Covid-19 pandemic had a positive impact on the bariatric surgery market. The market observed rise in demand for bariatric surgery owing to high patient turnaround volume and prevailing medical conditions.
Market Trends, Drivers, Restraints, and Opportunities
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Increasing number of obese patients is expected to drive the market during the forecast period.
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Rising prevalence rate of type-2 diabetes and heart diseases are anticipated to surge the market in coming years.
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Growing demand for minimally invasive surgical procedures is likely to propel the bariatric surgery market
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Increasing unmet medical needs are likely to spur the market.
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Rising healthcare expenditure is anticipated to fuel the future growth of the market.
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R&D investment and technological advancement in Asia-Pacific bariatric surgery market are expected to offer lucrative opportunities for the market players.
Scope of the Report
The report on the Asia-Pacific bariatric surgery 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 |
Asia-Pacific Bariatric Surgery Market -Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Device (Assisting Devices, Implantable Devices, and Others) |
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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 PLC; Johnson and Johnson (Ethicon Inc); Olympus Corporation; Conmed Corporation; and Apollo Endosurgery Inc. |
Market Segment insights
The stapling device segment is projected to constitute a large market share
Based on device, the Asia-Pacific bariatric surgery market is segregated into assisting devices, implantable devices, and others. The assisting devices are further divided into suturing device, closure device, stapling device, trocars, and others The stapling device segment is expected to account for a key share of the market during the forecast period owing to it being the most preferred device in the market as it tends to result in greater and more consistent weight loss among patients, along with a greater reduction in obesity-related health problems. Furthermore, increasing prevalence of obesity is anticipated to boost the segment growth.
Segments
The Asia-Pacific bariatric surgery market has been segmented on the basis of
Device
- Assisting Devices
- Implantable Devices
- Others
Key Companies
- Medtronic PLC
- Johnson and Johnson (Ethicon Inc)
- Olympus Corporation
- Conmed Corporation
- Apollo Endosurgery Inc
Competitive Landscape
Key players competing in the Asia-Pacific bariatric surgery market include Medtronic PLC; Johnson and Johnson (Ethicon Inc); Olympus Corporation; Conmed Corporation; and Apollo Endosurgery Inc.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Bariatric Surgery 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 Surgery Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Bariatric Surgery Market - Supply Chain
4.5. Global Bariatric Surgery Market Forecast
4.5.1. Bariatric Surgery Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Bariatric Surgery Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Bariatric Surgery Market Absolute $ Opportunity
5. Global Bariatric Surgery Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Bariatric Surgery Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Bariatric Surgery Demand Share Forecast, 2019-2026
6. North America Bariatric Surgery Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Bariatric Surgery Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Bariatric Surgery Demand Share Forecast, 2019-2026
7. Latin America Bariatric Surgery Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Bariatric Surgery Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Bariatric Surgery Demand Share Forecast, 2019-2026
8. Europe Bariatric Surgery 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
8.1.3. Europe Average Pricing Analysis
8.2. Europe Bariatric Surgery Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Bariatric Surgery Demand Share Forecast, 2019-2026
9. Asia Pacific Bariatric Surgery 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. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Bariatric Surgery Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Bariatric Surgery Demand Share Forecast, 2019-2026
10. Middle East & Africa Bariatric Surgery 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. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Bariatric Surgery Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Bariatric Surgery Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Bariatric Surgery Market: Market Share Analysis
11.2. Bariatric Surgery Distributors and Customers
11.3. Bariatric Surgery Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Medtronic PLC
11.4.2. Johnson and Johnson (Ethicon Inc)
11.4.3. Olympus Corporation
11.4.4. Conmed Corporation
11.4.5. Apollo Endosurgery Inc
Methodology
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