Obesity Surgery Devices Market

Obesity Surgery Devices Market Size, Share, Trends, Growth, and Industry Analysis, By Product Types (Intragastric Balloons, Gastric Electrical Stimulation, Gastric Bands, Staples, Minimally Invasive Surgical, Non-invasive Surgical), Applications (Minimally Invasive Surgical, Non-invasive Surgical), Regional Analysis and Forecast 2032.

Medical Devices | May 2024 | Report ID: EMR00872 | Pages: 252

Global Obesity Surgery Devices market size was USD 1.78 billion in 2023 and the market is projected to touch USD 3.18 billion by 2032, at a CAGR of 6.66% during the forecast period.

 

Obesity surgery, often known as bariatric surgery, uses a variety of treatments to help patients lose weight by changing the structure of their digestive systems. These operations are often advised for those who are severely obese and have not lost significant weight through conventional means such as diet and exercise. The market for these devices includes a variety of products such as gastric bands, balloons, bypass systems, and sleeve gastrectomy devices. These devices function by shrinking the stomach or modifying the way food is absorbed, resulting in weight loss.

The global market for obesity surgery devices is influenced by factors such as increasing obesity prevalence globally, awareness about the health hazards connected with obesity, and developments in surgical techniques and technologies. However, factors such as high costs associated with surgery, reimbursement issues, and the potential for complications may hinder market growth.

 

Global Obesity Surgery Devices report scope and segmentation.

Report Attribute

Details

Estimated Market Value (2023)

USD 1.78 billion

Projected Market Value (2032)

USD 3.18 billion

Base Year

2023

Forecast Years

2024 – 2032

Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Based on By Product Types, By Applications, & Region.

Segments Covered

By Product Types, By Applications, & By Region.

Forecast Units

Value (USD Million or Billion), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2024 to 2032.

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others.

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis.

Delivery Format

Delivered as an attached PDF and Excel through email, according to the purchase option.

 

Global Obesity Surgery Devices dynamics

One key driver is the rising prevalence of obesity worldwide, fuelled by changing lifestyles, unhealthy dietary habits, and sedentary behaviors. This increasing burden of obesity is propelling the demand for effective treatment options, including surgical interventions, thereby driving the growth of the market for obesity surgery devices. Additionally, growing awareness about the adverse health consequences of obesity, such as diabetes, cardiovascular diseases, and certain types of cancer, is prompting individuals to seek medical interventions to manage their weight.

Furthermore, technological advances in surgical techniques and technology are transforming the area of obesity surgery, resulting in minimally invasive operations with faster recovery times, lower risks, and better patient results. These developments are enticing both patients and healthcare professionals to obesity surgery, hence driving market growth. However, problems such as high surgical costs, reimbursement issues, and the possibility of post-operative complications are significant challenges to market expansion. Regulatory issues and healthcare policies play an important role in establishing the market landscape, influencing product approvals, reimbursement policies, and market access.

 

Global Obesity Surgery Devices drivers

  • Rising Prevalence of Obesity

The rising global prevalence of obesity is a major driver of the obesity surgery devices market. Obesity rates continue to rise worldwide as people's lifestyles change and sedentary activities and poor eating habits become more frequent. This development not only broadens the pool of possible patients, but it also emphasizes the critical necessity for comprehensive weight management strategies. Obesity surgery devices provide a feasible option for people with severe obesity who have failed to lose significant weight using traditional treatments like diet and exercise. The market for obesity surgery equipment is expected to expand steadily as the prevalence of obesity-related comorbidities including diabetes and cardiovascular disease increases.

  • Technological Advancements in Surgical Techniques and Devices

Ongoing advancements in surgical techniques and devices are driving innovation in the field of obesity surgery, thereby fuelling market growth. Minimally invasive surgical procedures, such as laparoscopic and robotic-assisted surgeries, have gained prominence due to their benefits, including reduced post-operative pain, shorter hospital stays, and faster recovery times.

Additionally, advancements in device technologies, such as the development of adjustable gastric bands with improved efficacy and safety profiles, are expanding the range of treatment options available to patients. These technological innovations not only enhance patient outcomes but also attract both patients and healthcare providers towards obesity surgery, driving market expansion.

 

Restraints:

  • High Costs Associated with Surgery

The high expenses of obesity surgery, which include pre-operative examinations, surgical procedures, post-operative care, and long-term follow-up, are a substantial impediment to market expansion. The high cost of obesity surgery may dissuade some patients from seeking treatment, especially in areas with limited healthcare resources or insufficient insurance coverage for bariatric treatments. Furthermore, healthcare professionals may have difficulties in gaining funding for obesity surgery, further limiting patient access to these therapies.

  • Potential for Post-operative Complications

Obesity surgery, despite technological advances and surgical technique improvements, is not without hazards. Post-operative challenges such as infection, hemorrhage, gastrointestinal leakage, and nutritional deficits can arise, resulting in poor results and demanding extra medical interventions. The danger of complications may prevent both patients and healthcare providers from undergoing obesity surgery, especially if the benefits do not outweigh the risks. Addressing these concerns through continuing research, education, and quality improvement programs is critical to mitigate the constraints associated with post-operative challenges.

 

Opportunities:

  • Growing Demand for Minimally Invasive Procedures

The increasing demand for minimally invasive surgical procedures presents a significant opportunity for market growth. Minimally invasive techniques offer several advantages over traditional open surgery, including smaller incisions, reduced trauma to surrounding tissues, faster recovery times, and improved cosmetic outcomes. As patients and healthcare providers increasingly prioritize these benefits, there is a growing demand for obesity surgery devices that facilitate minimally invasive approaches. Manufacturers can capitalize on this opportunity by developing innovative devices tailored to the needs of minimally invasive bariatric procedures, thereby expanding their market presence and driving revenue growth.

 

Segment Overview

  • By Product Types

The segmentation of obesity surgery devices by product types encompasses a diverse range of tools and devices designed to address different aspects of weight management. Intragastric balloons offer a non-surgical option for weight loss by occupying space in the stomach, leading to feelings of fullness and reduced food intake. Gastric electrical stimulation involves the implantation of devices that deliver electrical impulses to the stomach, potentially influencing appetite and digestion.

Gastric bands are adjustable devices placed around the upper part of the stomach to restrict food intake, promoting weight loss. Staples are used in surgical procedures such as gastric bypass to create partitions in the stomach or reroute the digestive tract, altering the absorption of nutrients. Minimally invasive surgical devices are instruments and tools used in laparoscopic and robotic-assisted surgeries, providing patients with smaller incisions, less trauma, and faster recovery times than standard open surgery.

Non-invasive surgical devices include developing technologies like endoscopic procedures for weight loss that do not require incisions or internal implants, which appeal to patients looking for less intrusive treatment choices. Each product type caters to varied patient wants and preferences, allowing healthcare providers to adjust treatment approaches to unique conditions and optimize outcomes.

  • By Application

Segmenting obesity surgery devices by application distinguishes between minimally invasive and non-invasive surgical approaches to weight loss. Minimally invasive surgical devices are utilized in procedures such as laparoscopic sleeve gastrectomy and laparoscopic gastric bypass, offering patients smaller incisions, reduced post-operative pain, shorter hospital stays, and faster recovery times compared to traditional open surgery.

These devices enable surgeons to perform complex bariatric procedures with greater precision and efficiency, enhancing patient safety and satisfaction. Non-invasive surgical devices encompass innovative technologies such as endoscopic sleeve gastroplasty and intragastric balloon placement, allowing patients to achieve weight loss without the need for surgical incisions or internal implants. These procedures appeal to individuals seeking less invasive alternatives to traditional surgery, offering the potential for significant weight loss with minimal risk and discomfort.

 

Global Obesity Surgery Devices Overview by Region

North America has a sizable market share, due to factors such as high obesity rates, well-established healthcare infrastructure, and favourable reimbursement rules for bariatric surgeries. The region benefits from a strong research and development environment, which promotes ongoing innovation in surgical procedures and equipment innovations.

Europe also has a significant market share, with nations such as Germany, the United Kingdom, and France leading in terms of obesity surgical device usage. The region is distinguished by rising awareness of the health dangers linked with obesity and a growing need for minimally invasive treatment options. Increased obesity rates in the Asia-Pacific region, combined with improved healthcare infrastructure and increased disposable incomes, are driving market growth. Countries like China, Japan, and India are witnessing a surge in demand for obesity surgery devices, fuelled by changing dietary habits, urbanization, and lifestyle changes.

 

 

Global Obesity Surgery Devices market competitive landscape

Leading companies such as Medtronic plc, Johnson & Johnson Services, Inc., and Apollo Endosurgery, Inc. dominate the market with a wide range of products and established distribution networks. These companies focus on research and development initiatives to develop advanced surgical techniques and device technologies that enhance patient outcomes and differentiate their offerings in the market.

In addition, prominent competitors frequently use strategic alliances, partnerships, and acquisitions to boost their product portfolios, expand into new geographic regions, and capitalize on developing market possibilities. However, the market also includes a large number of smaller businesses and start-ups that specialize in specific niches or advance technology, which contributes to market dynamism and fosters an innovation culture. Regulatory compliance, product quality, and customer service are essential variables impacting market competitiveness. Companies seek to maintain high standards while adjusting to new regulatory requirements and market conditions.

Key Players:

  • Spatz
  • FGIA
  • MetaCure
  • IntraPace
  • Intuitive Surgical
  • Allergan
  • USGI Medical
  • Semiled
  • Intragastric Balloons
  • Gastric Electrical Stimulation
  • Gastric Bands
  • Staples

 

Scope of global Obesity Surgery Devices report

Global Obesity Surgery Devices report segmentation

ATTRIBUTE

DETAILS

By Product Types

  • Intragastric Balloons
  • Gastric Electrical Stimulation
  • Gastric Bands
  • Staples
  • Minimally Invasive Surgical
  • Non-invasive Surgical

By Application

  • Minimally Invasive Surgical
  • Non-invasive Surgical

By Geography

  • North America (USA, and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

Customization Scope

  • Available upon request

Pricing

  • Available upon request

 

Objectives of the Study

The objectives of the study are summarized in 5 stages. They are as mentioned below:

  • Global Obesity Surgery Devices size and forecast: To identify and estimate the market size for global Obesity Surgery Devices market segmented By Product Types, By Applications, and by region. Also, to understand the consumption/ demand created by consumers between 2024 and 2032.
  • Market Landscape and Trends: To identify and infer the drivers, restraints, opportunities, and challenges for global Obesity Surgery Devices
  • Market Influencing Factors: To find out the factors which are affecting the market of global Obesity Surgery Devices among consumers.
  • Company Profiling:  To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

Research Methodology

Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region.  The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.

Data Collection

Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.

Primary Research

After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market. 

Secondary Research

A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.

Top-Down Approach & Bottom-Up Approach

In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.

In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.

This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.

Market Analysis & size Estimation

Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.

Quality Checking & Final Review

The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.

Frequently Asked Questions

Global Obesity Surgery Devices forecast period is 2024 - 2032.
According to global Obesity Surgery Devices research, the market is expected to grow at a CAGR of ~ 6.66% over the next eight years.
The possible segments in global Obesity Surgery Devices are based on By Product Types, By Applications, & by region.
The expected market size for Global Obesity Surgery Devices is USD 3.18 billion in 2032.
The major players in the market are Spatz, FGIA, MetaCure, IntraPace, Intuitive Surgical, Allergan, USGI Medical, Semiled, Intragastric Balloons, Gastric Electrical Stimulation, Gastric Bands, and Staples.
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