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Bariatric Surgery Devices Market Size, Share, Trends, and Growth 2019-2026




(Medical-NewsWire.com, December 18, 2019 ) Market Overview

The global Bariatric Surgery Devices Market is expected to grow at a CAGR of 7.4 % during the forecast period (2019-2026).



Bariatric surgical procedures reduce weight by restricting the amount of food the stomach can hold, causing malabsorption of nutrients, or by a combination of both gastric restriction and malabsorption. Most weight-loss surgeries are performed using minimally invasive techniques. People can reduce their weight by 15 to 30 percent of their starting weight on average, depending on the type of surgery they opt. Surgeons use various devices during the procedure depending upon the type of surgery.



Market Dynamics

The increasing number of bariatric surgeries is primarily driving the global bariatric surgery device market in recent years and expected to remain the same 0ver the forecast period. According to the American Society for Metabolic and Bariatric Surgery in 2018, in the United States, the number of bariatric surgeries increased from 1, 58,000 in 2011 to 2, and 28,000 in 2018. This shows the requirement of bariatric surgery devices over the forecast period. Increasing prevalence of obesity is boosting the requirement of bariatric surgery devices. According to the World Health Organization in 2016, globally obesity has nearly tripled since 1975 and in 2016 more than 1.9 billion adults aged 18 years and older were overweight, out of which 650 million were obese. Over 340 million children and adolescents aged 5-19 were overweight or obese in 2016. Most of the people are preferring bariatric surgery to reduce their weight, hence increasing the demand for bariatric surgery devices. Various treatment options, increasing awareness programs, technological advancements are further surging the demand for bariatric surgery devices over the forecast period. However costly surgical procedures and post-operative consequences are hampering the global bariatric surgery devices over the forecast period.



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Market Segmentation Analysis

Based on surgery type, global bariatric surgeries are categorized into sleeve gastrectomy, Roux-en-Y Gastric Bypass (RYGB), duodenal switch, revisional surgery, laparoscopic adjustable gastric banding, and others. Sleeve gastrectomy held the highest market share in 2018 and anticipated to surge further over the forecast period. According to the American Society for Metabolic and Bariatric Surgery in 2018, in the United States, sleeve gastrectomy accounted for 59.39% of total bariatric surgeries. RYGB holds the next largest share that accounted for 17.80% of total bariatric surgeries in 2018.



Based on device type, bariatric surgery devices are segmented into assisting and implantable devices. The assisting devices segment is further classified into stapling devices, closure devices, suturing devices, and other Devices. Suturing devices is dominating the bariatric surgery devices market due to the ease of use and highly preferred device by most of the surgeons. For instance, in 2017, Ethicon, part of the Johnson & Johnson launched PROXISURE, a suturing device designed to improve precision in minimally-invasive surgery. The implantable devices segment is further classified into electrical simulation devices, gastric bands, gastric emptying devices, and other devices. Gastric bands have mostly used the device in this segment. Penetration of the product into rural areas, ease of availability and familiarity of the product among various classes and age groups of people are favoring the growth of this segment. By end user, global bariatric surgery devices market is categorized into hospitals, ambulatory surgery centers, and others.



Geographical Share

The global bariatric surgery devices market is segmented into North America, Europe, Asia Pacific, South America and the Middle East and Africa. North America dominates the global bariatric surgery devices due to the increasing prevalence of obesity people and government initiatives. According to the Centers for Disease Control and Prevention in 2017, in the United States, 93.3 million US adults had obesity during 2015- 2016. Technological advancements and the presence of major surgical device manufacturers are boosting the growth of bariatric surgical devices market in the United States. Europe accounted for the second largest market in global bariatric surgery devices. According to the National Health Service in 2017, A total of 41,241 primary bariatric procedures were carried out in the NHS between 2009 and 2016. Asia Pacific is registering fastest CAGR over the forecast period due to the increase in a number of manufacturers and suppliers, government awareness in countries such as Japan, India, and China.



Competitive Analysis

Companies are focusing on key strategies such as collaboration, acquisitions, and product launches which are boosting the growth of the market globally. Key companies are striving to change the outdated methods of performing surgeries and innovating newer practices or devices helping surgeons perform the procedures in an accurate manner. The key players in global bariatric surgery device market are Allergan Inc., Covidien Plc, Johnson and Johnson, Cousin Biotech, Mediflex Surgical, Intuitive Surgical Inc., GI Dynamics Inc., TransEnterix Inc., USGI Medical Inc., and Semiled Ltd. On 23 October 2018, Standard Bariatrics received FDA indication for No. 1 bariatric surgical procedure. On 22 May 2018, Ethicon, part of Johnson & Johnson Medical Devices Companies, and a global leader in bariatric surgery announced the launch of the Ethicon Bariatric Revision Surgical Solution.



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