South Korea Bariatric Surgery Market Opportunities | 2031

Segments - South Korea Bariatric Surgery Market by Devices (Assisting Devices [Suturing Device, Closure Device, Stapling Device, Trocars and Others] and Implantable Devices [Gastric Bands, Electrical Stimulation Devices, Gastric Balloons, Gastric Emptying, and Others]), and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Vishal Golekar

Report Description

South Korea Bariatric Surgery Market Outlook

The South Korea Bariatric Surgery size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 1% during 2023–2031. The growth of the market is attributed to rising prevalence rate of Type 2 diabetes and heart diseases.

A bariatric medical procedure is a surgical procedure performed on obese people to make changes to their digestive system in order to help them reduce weight. The surgery effectively reduces the risks of type 2 diabetes, hypertension, sleep apnea, osteoarthritis, dyslipidemia, asthma, and gastro esophageal reflux disease (GERD), which are the common side-effects of obesity.

Bariatric medical procedure or weight reduction medical procedure is utilized as one of the significant therapy methods for obesity. During this method, the size of the stomach is diminished by removing some piece of the stomach or utilizing a gastric band. Gastric bypass, sleeve gastrostomy, adjustable gastric band, and biliopancreatic redirection with a duodenal switch are most broadly involved equipment in bariatric systems.

Body Mass Index (BMI) assumes a significant part in determining whether a person is obese. Bariatric medical procedure is generally suggested for individuals with BMI over 40. It utilized to work on the wellbeing of the patients with weight in lessening reducing the risk of life-threatening diseases

South Korea Bariatric Surgery Market Trends, Drivers, Restraints, and Opportunities

Rising incidences of obesity in South Korea is estimated to accelerate the growth of the market.
Increasing demand for minimally invasive surgeries is one of the key factors fueling the market growth.
Rising implementation of new technologies along increasing number of manufacturing of such devices is estimated to drive the market growth.
Increasing number of gastric sleeve and gastric bypass surgeries, rising cosmetic concerns among individuals, and rapid integration of robotics in surgeries are some of the major factors fueling the growth of the market.
Expanding government funding for bariatric surgery in developed South Korea, is one of the major factors driving the market growth.
High cost of some devices can restrain the growth of the market.
Increase in adoption of these surgeries is expected to create lucrative opportunity for the South Korea bariatric surgery market.

Scope of South Korea Bariatric Surgery Market Report

The report on the South Korea bariatric surgery market includes an assessment of the market, trends, segments, and Geography markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Bariatric Surgery Market - South Korea Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Devices (Assisting Devices [Suturing Device, Closure Device, Stapling Device, Trocars and Others] and Implantable Devices [Gastric Bands, Electrical Stimulation Devices, Gastric Balloons, Gastric Emptying and Others])
Country Scope	South Korea
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Conmed Corporation Apollo Endosurgery Inc.; Ethicon Inc.(Johnson and Johnson); Aspire Bariatrics Inc.; Intuitive Surgical Inc.; B.Braun Melsungen AG; Olympus Corporation; and The Cooper Companies.

South Korea Bariatric Surgery Market Segment Insights

Assisting devices segment is expected to grow at a robust pace

Based on devices, the market is segregated into assisting devices and implantable devices. The assisting devices segment is further classified as suturing device, closure device, stapling device, trocars and others. The implantable devices segment is further segmented into gastric bands, electrical stimulation devices, gastric balloons, gastric emptying and others.

The closure device sub segmented anticipated to account for a significant market share during the forecast period. Closure devices are utilized for reconnecting tissues during surgical procedures and for closing incisions made by trocars. The laparoscopic port closure device effectively and safely closes port sites in obese patients going through bariatric procedures and medical procedures. The main factors driving the segment is wide use in minimally invasive surgeries that require immediate closure of very small incisions made at the time of surgical procedures.

Segments

The South Korea bariatric surgery market has been segmented on the basis of

Devices

Assisting Devices
- Suturing Device
- Closure Device
- Stapling Device
- Trocars
- Others
Implantable Devices
- Gastric Bands
- Electrical Stimulation Devices
- Gastric Balloons
- Gastric Emptying
- Others

Country

South Korea

Key Players

Apollo Endosurgery Inc
Aspire Bariatrics Inc
Intuitive Surgical Inc
B. Braun Melsungen AG
Ethicon Inc. (Johnson and Johnson)

Competitive Landscape

Key players competing in the South Korea bariatric surgery market are Conmed Corporation Apollo Endosurgery Inc.; Ethicon Inc(Johnson and Johnson); Aspire Bariatrics Inc.; Intuitive Surgical Inc.; B.Braun Melsungen AG; Olympus Corporation; and The Cooper Companies.

In August 2019, Sentinel Capital Partners, a private equity firm, declared that it has gained SSJA Bariatric Management, LLC. SSJA is the main supplier of authoritative help administrations to bariatric medical procedure workplaces in New York. The organization assists SSJA in growing business geographically and extend its service offerings into different business sectors also.

South Korea Bariatric Surgery Market keyplayers

Table Of Content

1. Executive Summary
2. 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 (000â€™ 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. Apollo Endosurgery Inc
     11.4.2. Aspire Bariatrics Inc
     11.4.3. Intuitive Surgical Inc
     11.4.4. B. Braun Melsungen AG
     11.4.5. Ethicon Inc. (Johnson and Johnson)