Bariatric Surgery Market is expected to grow from USD 1.9 billion in 2022 to USD 3.05 billion in 2032, representing a CAGR of 5.4% between the years 2023 and 2032.
The Bariatric Surgery Market research study consists of an analysis of the market trends. The new research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key market participants, and market purchasing behavior. The rising prevalence of obesity and the incidence of associated comorbidities are driving market expansion.
The Bariatric Surgery market is primarily driven by the prevalence of obesity around the world. In addition, the rising awareness among the obese population regarding Bariatric Surgery and devices, the availability of specialized surgeons in bariatric surgical techniques and the availability of less invasive methods for bariatric surgeries are all expected to drive market growth. The market report provides a comprehensive analysis of the market for the foreseeable future. The report consists of numerous market segments and an analysis of the trends and factors that play a significant role in the market.
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Market Overview
Obesity is a health problem that happens when a person has so much body fat that it hurts their health. A person is called obese if their body mass index (BMI) is 30 or higher. Also, obese people are more likely to have major health problems like high blood pressure, coronary heart disease, breathing problems, and sleep problems. Also, the fact that obesity is one of the most common and dangerous health problems has raised awareness about bariatric surgery and devices. Bariatric surgery is mostly used to help obese people lose weight by making it harder for their stomachs to expand when they eat. In these types of surgeries, the stomach is made smaller and food can’t be absorbed as well. Also, bariatric surgery is done with methods that cause the least amount of damage.
High rates of obesity around the world are the main thing driving growth in the bariatric surgery market. In addition, the growing awareness among the obese population regarding bariatric surgery and devices, the availability of specialized surgeons in bariatric surgical techniques, and the availability of less invasive techniques for bariatric surgeries are all major factors driving the growth of the bariatric surgery market.
But the high cost of bariatric surgery is one of the biggest things holding back the market for bariatric surgeries. Moreover, health-related risks after surgery, both in the case of short-term and long-term surgery, as well as skepticism among the obese population regarding bariatric surgeries due to the complexity of the procedures involved are major factors impeding the growth of the bariatric surgery market.
Government efforts in regional markets, rising costs for weight loss procedures, and an increase in the adoption of bariatric surgery procedures in emerging economies will present a lucrative opportunity for market players in bariatric surgery procedures.
Due to the high rates of obesity in the U.S. and Canada, the bariatric surgery market in North America brings in the most money. This is followed by the markets in Europe and Asia Pacific. Due to high awareness of bariatric surgeries and high adoption of these procedures among the general population in the region, the Asia-Pacific market is expected to have the highest CAGR over the forecast period. Over the course of the projected period, emerging economies in Asia Pacific, such as China, India, and Japan, are expected to expand at a high CAGR.
The objectives of the report
• To define, segment, and project the Bariatric Surgery market in terms of species technology and form.
• To identify and analyze the different segments of the market.
• Estimate the size of the world market including its submarkets in four major areas: North America (NA), Asia-Pacific, Europe, and the rest of the World.
• Provide detailed information on the factors that influence the market’s growth (drivers, restraints, as well as the opportunities and challenges unique to the industry).
• Analyze micro-markets in terms of growth, future prospects, and contribution to the overall market.
• To analyze the opportunities and details of the competitive market environment for market leaders
• Estimate the size of Bariatric Surgery (and its sub-markets)
• Estimate the value of each segment
• To identify the key players and analyze their market growth and core competencies, and to create a strategy profile
• Monitor and analyze competitive developments within Bariatric Surgery. This includes expansions, investments, new service offerings and products, as well acquisitions, and new product offerings.
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Competitive Landscape
This report provides a comprehensive analysis of the competitive landscape in the Bariatric Surgery market. This report contains a complete analysis of the market’s competitive landscape. It also includes information on important firms’ market shares, organizational structures, and contract-winning strategies. There are also dashboards for comparing businesses and quadrants for evaluating them.
The Bariatric Surgery market is dominated by the following players:
- Allergan Inc.
- Covidien Plc.
- Johnson & Johnson
- Intuitive Surgical Inc.
- GI Dynamics Inc.
- TransEnterix Inc.
- USGI Medical Inc.
- SemiLEDs Ltd.
- Cousin Biotech
- Mediflex Surgical Procedures
Market Segmentation:
Segmentation by device:
- Stapling Devices
- Gastric Bands
- Gastric Balloons
Segmentation by procedure:
- Gastric Bypass Surgery
- Sleeve Gastrectomy Surgery
- Gastric Banding Surgery
- Other Procedures
Recent Developments
The booming demand for minimally invasive devices to address anti-aging and skin care procedures was met in September 2021 when Aesthetics Biomedical Inc., a regenerative aesthetics medical device and top skin care company, announced new scientific findings through its research & development initiatives for its radio frequency micro-needling device (RFMN), Vivace.
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Why you should buy this product:
• Segmentation of the market based on economic and non-economic factors. Each segment and sub-segment info.
• Determine which region or segment will be the most important and experience the fastest growth. To identify the consumption patterns in each region and any factors that might affect them, conduct a detailed geographic analysis.
• The analysis of the competitive environment includes rankings, new product and service launches, partnerships, business growth, and acquisitions by companies over the past five years.
• Detailed profiles of companies, including overviews, benchmarking, SWOT analysis, company insights, and business insights.
• Analysis of the market based on the most recent events. This includes an analysis of Porter’s Five Forces: Market Insights through the Value Chain is an in-depth look at the market.
• Recognise market dynamics to identify growth opportunities over the following few years.
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