Undertaking a bariatric surgery has become relatively necessary for the majority of the global population, especially the obese and the overweight demographic. The fact that obesity is one of the most prevalent and endangering health disorders has increased the awareness about bariatric surgery and devices.
The demand for bariatric surgery devices has registered a considerable surge by the virtue of growing preference for less-invasive bariatric surgeries. Additionally, the rising expenditure on weight loss procedures has promoted the sales of bariatric surgery devices at the individual level. Regional government initiatives are also influencing the growth of the global market for bariatric surgery devices.
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The market for equipment used in bariatric surgery is expanding gradually, with a CAGR of 6.2% predicted for the years 2022-2032.
“COVID-19’s influence in the form of lockdown and the adoption of work from home will boost sedentary lifestyle, resulting in a more obese population and expanding potential for the bariatric surgery devices industry,” says the report.
There has been a noticeable rise in demand for bariatric surgical equipment as a result of the preference for less invasive bariatric operations as a means of non-invasive weight loss.
Demand for Bariatric Surgery Devices: Drivers & Restraints
The high occurrence of obesity cases is regarded as the primary driver of the global bariatric surgery devices market. The growing awareness among the obsess population is expected to fuel the demand for bariatric surgery devices. Apart from that, the other factors driving the growth of the bariatric surgery devices market include,
Availability of surgeons specialised in bariatric surgical techniques
Since bariatric surgeries are gaining demand, the existing as well as the new medical surgeons are developing and qualifying their surgical skills accordingly. As a result, the demand for bariatric surgery devices is experience a positive impact.
Prevention of weight-related risks
Incidence of diabetes, hypertension, gastric reflux disorders and blood pressure complications are at a higher risks among obese patients. As the surgeries intend on preventing occurrence of such diseases, the demand for bariatric surgery devices has surged extensively.
Less-incisive methods
Bariatric surgeries such as the sleeve gastrectomy require lower incision, which helps the patients adopt the surgeries without apprehension. This results more consumption of bariatric surgery devices by hospitals and weight-loss clinics.
However, the implications arriving post-surgery are posing to be the major challenge in the global market for bariatric surgery devices. Since the surgical procedures are operated on the stomach and the intestines of the patient, there is a high risk of acquiring infections. Gastrointestinal ulcers, internal bleeding, small bowel obstruction, gastric band slippage, and hernias are some of the common implications that lower the use of bariatric surgery devices.
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Market Segmentation & Regional Outlook
The global market for bariatric surgery devices can be segmented on the basis the type of bariatric surgery and the device used.
Based on the different kinds of bariatric surgery procedures, the market is classified into,
Gastric Bypass Surgery
Sleeve Gastrectomy Surgery
Gastric Banding Surgery
Others
By device-type, the global market is further segmented into,
Stapling Devices
Gastric Bands
Gastric Balloons
Based on the regional segmentation, North America is expected to lead the global bariatric surgery devices market on the account of the high obesity levels in the US and Canada. Subsequently, the higher risks of diabetes and blood pressure disorders are equally inciting the demand for bariatric surgery devices. Asia Pacific & Japan are anticipated to expand at a remarkable CAGR, owing to the rising expenditure on weight-loss treatments in APEJ countries.
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Key Players
Johnson & Johnson, Covidien Plc, Cousin Biotech, and Pare Surgical, Inc., among others are the some of the key companies in the global bariatric surgery devices market. Pharmaceutical and medical devices leaders such as Medtronic has launched flagship devices for sleeve gastrectomy, indicating the positive expansion of the global market. The government funding is also playing a major role in providing manufacturers with the capital required to produce enhanced devices for bariatric surgeries.
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