The Bariatric Surgery Devices Market is poised for a significant expansion over the next decade, driven by the escalating prevalence of obesity and chronic diseases worldwide. A recent market analysis projects a robust Compound Annual Growth Rate (CAGR) of 6.4% from 2024 to 2034. This optimistic outlook translates to a projected market valuation exceeding US$3.4 billion by 2034, reflecting a substantial leap from the current market value of US$1.85 billion in 2024.
The ongoing challenges posed by the global pandemic prompted FMI to adopt a multidisciplinary approach, directing a focused effort towards the growth and development of the Global Bariatric Surgery Devices Industry. The recently released study not only provides vital insights into the current growth dynamics but also outlines significant revenue reforms that characterized the market as of 2021. Moreover, it offers key takeaways expected to influence the market throughout the forecast period.
Healthcare Industry
The team of analysts at Future Business Insights is focussing on research and market study to produce different Global Bariatric Surgery Devices Industry forecasts and predictions at both national and international levels. They have considered several leads of information about the industry like market figures and merger estimations to assess and produce reliable and informative insights on the Global Bariatric Surgery Devices Industry.
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What are the Main Factors Affecting the Market Development for Bariatric Surgery Devices?
The market for bariatric surgical devices is thought to be primarily driven by the increased prevalence of obesity situations. The market for bariatric surgery equipment is anticipated to increase as the obese population becomes more aware of the issue. Other factors influencing the growth of the market for bariatric surgery equipment include the availability of surgeons trained in bariatric surgical methods. Due to the increased demand for bariatric procedures, both experienced and newly trained medical surgeons are honing and qualifying their surgical techniques. As a result, there is an increase in demand for bariatric surgery equipment. preventing dangers associated with obesity
Access to surgeons trained in bariatric surgical procedures
Due to the increased demand for bariatric procedures, both experienced and newly trained medical surgeons are honing and qualifying their surgical techniques. As a result, there is an increase in demand for bariatric surgery equipment.
Preventing dangers associated with obesity
Obese patients are at an increased risk of developing diabetes, hypertension, gastric reflux diseases, and blood pressure difficulties. The need for bariatric surgery equipment has greatly increased because the operations are meant to avoid the development of these disorders.
Less cutting techniques
Lower incisions are required for some bariatric procedures, such as the small sleeve gastrectomy, which allows patients to undergo the procedures without fear. Hospitals and weight-loss clinics use bariatric surgery equipment more as a result.
Bariatric Surgery Devices Market Key Players
Johnson & Johnson, Covidien Plc, Cousin Biotech, and Pare Surgical, Inc., among others, are some of the key companies in the Global Bariatric Surgery Devices Industry. Pharmaceutical and medical device leaders such as Medtronic have launched flagship devices for sleeve gastrectomy, indicating the positive expansion of the global market. 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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Segmentation
The Bariatric Surgery Devices Market can be segmented based on the type of
- bariatric surgery
- 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
- Stapling Devices
- Gastric Bands
- Gastric Balloons
By Region
- North America
- Latin America
- Western Europe
- Eastern
- Asia Pacific
- Japan
- Middle East and Africa
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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