The North America bariatric surgery market size was valued at USD 1 Billion in 2022 and is anticipated to reach USD 1.61 Billion by 2031, expanding at a CAGR of 5.45% during 2023 – 2031. The growth of the market is attributed to the rising number of patients needed surgical procedures, increasing concern regarding obesity, and growing adoption of these surgeries among people.
Bariatric surgery is majorly used for the treatment of obesity. The treatment reduces the stomach size by removing the parts of the stomach and also by using gastric band. There is highly used equipment in the bariatric procedure such as gastric sleeve surgery, biliopancreatic diversion with duodenal switch, gastric bypass, and gastric band. Obesity is the major health problem in the North America.
Body mass index plays vital role in the in determining the obesity in the person. It is majorly recommended for the patients with body mass index above age 40. It is used for the improvement in the health of the patients with obesity that is decreasing the risk of life diseases. Various new producers have adapted and developed into treatment modalities of bariatric surgery.
Bariatric Surgery Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand for weight loss procedures is expected to spur the market expansion in the coming years.
- Rapid growth of the hospital industry is major factors driving the market expansion.
- High cost of bariatric surgery treatment is estimated to hamper the market growth during the forecast period.
- Lack of awareness related to bariatric surgeries owing to complex procedures acts as major challenges that can impede the market expansion.
- R&D investment and technological advancement bariatric surgery equipment is anticipated to create lucrative opportunities for the market players.
Scope of the Bariatric Surgery Market Report
The report on the North America 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
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Details
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Report Title
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North America Bariatric Surgery Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Devices (Implantable Devices [Electrical Stimulation Devices, Gastric Emptying, Gastric Bands, and Gastric Balloons], Assisting Devices [Closure Devices, Trocars, Suturing Devices, Stapling Devices, and Others], and Others), Surgery (Non-invasive Surgery and Invasive Surgery), Procedures (Adjustable Gastric Band, Gastric Sleeve Surgery, and Gastric Bypass)
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Geography
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Canada, United States, and Mexico
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Report Coverage
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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
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Ethicon Inc.; Olympus Corporation; Medtronic Plc; B. Barun Melsungen AG; Conmed Corporation; Cook Medical; and Apollo Endosurgery, Inc.
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Bariatric Surgery Market Segment Insights:
Implantable devices segment is projected to account for a large market share
Based on devices, the North America bariatric surgery market is divided into implantable devices, assisting devices, and others. The implantable devices are further segregated into electrical stimulation devices, gastric emptying, gastric bands, and gastric balloons. The assisting devices are further segmented into closure devices, trocars, suturing devices, stapling devices, and others. The implantable devices segment is expected to constitute a key share of the market during the forecast period owing to increasing awareness of bariatric devices and surgery. However, the assisting devices segment is anticipated to expand at a rapid pace during the forecast period due to wide usage in invasive surgeries that needs immediate closure of small incisions.
Non-invasive surgery segment is projected to hold a key market share
On the basis of surgery, the market is segmented into non-invasive surgery and invasive surgery. The non-invasive surgery segment is expected to represent a key share of the market in the coming years due to it helps in the weight loss surgeries without requirement of any large open incision. The non-invasive surgery is of various types such as laparoscopic weight loss surgery, endoscopic techniques, weight loss surgery, and robotic weight loss surgery.
Gastric sleeve surgery segment is projected to constitute a major market share
In terms of procedures, the North America bariatric surgery market is segregated into adjustable gastric band, gastric sleeve surgery, and gastric bypass. The gastric sleeve surgery segment is expected to account for a key share of the market during the forecast period owing to it is highly performed bariatric surgery procedures. It is an alternative option for the people those are heavy for gastric bypass surgery.
United States is expected to dominate the market
On the basis of geography, the North America bariatric surgery market share is categorized as Canada, United States, and Mexico. The market of United States is anticipated to expand at an impressive CAGR during the forecast period. The regional market growth can be attributed to there are around two million laparoscopic cases take place in the country is rising the usage of closure devices.
Segments
Segments Covered in the Report
The North America bariatric surgery market has been segmented on the basis of
Devices
- Implantable Devices
- Electrical Stimulation Devices
- Gastric Emptying
- Gastric Bands
- Gastric Balloons
- Assisting Devices
- Closure Devices
- Trocars
- Suturing Devices
- Stapling Devices
- Others
- Others
Surgery
- Non-invasive Surgery
- Invasive Surgery
Procedures
- Adjustable Gastric Band
- Gastric Sleeve Surgery
- Gastric Bypass
Geography
- Canada
- United States
- Mexico
Key Players
- Ethicon Inc.
- Olympus Corporation
- Medtronic Plc
- B. Barun Melsungen AG
- Conmed Corporation
- Cook Medical
- Apollo Endosurgery, Inc.
Competitive Landscape
Key players competing in the North America bariatric surgery market share include Ethicon Inc.; Olympus Corporation; Medtronic Plc; B. Barun Melsungen AG; Conmed Corporation; Cook Medical; and Apollo Endosurgery, Inc. Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
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