USD 1.84 billion
Bariatric Surgery Market Size, Share, Growth Analysis, By Type(Gastric bypass, sleeve gastrectomy, adjustable gastric banding, biliopancreatic diversion), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35G2187 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
38
|Figures:
74
Bariatric Surgery Market Insights
Bariatric Surgery Market size was valued at USD 1.94 billion in 2022 and is poised to grow from USD 2.04 billion in 2023 to USD 3.11 billion by 2031, growing at a CAGR of 5.4% in the forecast period (2024-2031).
The global bariatric surgery market is witnessing significant growth and market expansion due to several key factors. The market is being driven by the increasing prevalence of obesity and related health conditions, such as diabetes and cardiovascular diseases, across the globe.
Bariatric surgery offers an effective and long-term solution for weight management and improving overall health outcomes for patients. Additionally, advancements in surgical techniques and technologies have enhanced the safety and efficacy of bariatric procedures, further fueling market growth.
Rising awareness about the benefits of bariatric surgery, coupled with increasing healthcare expenditure, is also contributing to the expansion of the market.
However, factors such as high procedure costs, lack of insurance coverage in certain regions, and the availability of alternative weight-loss treatments may restrain the market growth to some extent. Nevertheless, the growing demand for bariatric surgery and the potential for improved patient outcomes indicate promising opportunities for the global bariatric surgery market.
US Bariatric Surgery Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
gastric bypass
Fastest Growth
gastric bypass
Growth Rate
5.4% CAGR
Global Bariatric Surgery Market ($ Bn)
Country Share for North America Region (%)
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Bariatric Surgery Market Segmental Analysis
The global bariatric surgery market is segmented by type and region. Based on type, the market can be segmented into gastric bypass, sleeve gastrectomy, adjustable gastric banding, biliopancreatic diversion, and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Bariatric Surgery Market Analysis by Type
The dominant sub-segment in the type segment of the Bariatric Surgery market is gastric bypass surgery. This procedure is highly effective in reducing the size of the stomach and restricting the amount of food that can be consumed, leading to significant weight loss.
The fastest growing sub-segment in the type segment of the Bariatric Surgery market is sleeve gastrectomy. Sleeve gastrectomy has gained popularity due to its relatively less invasive nature compared to other types of bariatric surgery and its effectiveness in achieving significant weight loss outcomes.
Global Bariatric Surgery Market By Type
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Bariatric Surgery Market Regional Insights
One dominant region in the global bariatric surgery market is North America. The region has a high prevalence of obesity and related health issues, driving the demand for bariatric surgery procedures. North America is known for its advanced healthcare infrastructure and expertise in performing bariatric surgeries. The region is also supported by favorable reimbursement policies and increased awareness about the benefits of weight loss surgery.
One of the fastest-growing regions in the global bariatric surgery market is the Asia-Pacific region. This region is experiencing a rapid increase in obesity rates due to changing lifestyles, urbanization, and dietary habits. There is a growing recognition of the long-term health consequences of obesity, leading to a rise in demand for bariatric surgeries. Furthermore, improving healthcare infrastructure, rising disposable incomes, and increasing healthcare spending are contributing to the growth of the bariatric surgery market in the Asia-Pacific region.
Global Bariatric Surgery Market By Geography
- Largest
- Fastest
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Bariatric Surgery Market Dynamics
Bariatric Surgery Market Drivers
Increasing Awareness About Weight Management
- One key driver of the global bariatric surgery market is the increasing prevalence of obesity and related health conditions. The growing global obesity epidemic has led to a rise in the number of individuals seeking effective weight loss solutions. Bariatric surgery offers an effective and long-term solution for weight management and improvement of obesity-related comorbidities. Additionally, advancements in surgical techniques, increased awareness about the benefits of bariatric surgery, and favorable reimbursement policies in some regions are further driving the market growth.
Bariatric Surgery Market Restraints
High Cost Associated With The Procedure
- One significant restraint in the global bariatric surgery market is the high cost associated with the procedure. Bariatric surgery is a complex and invasive procedure that requires specialized equipment, skilled healthcare professionals, and post-operative care. The cost of the surgery, including pre-operative evaluation, hospitalization, and follow-up care, can be substantial, making it inaccessible for many individuals. Additionally, limited insurance coverage and reimbursement options in some regions further limit the adoption of bariatric surgery. The high cost of the procedure poses a barrier to access for a significant portion of the population, hindering market growth to some extent.
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Bariatric Surgery Market Competitive Landscape
The global bariatric surgery market is characterized by a mix of established companies and emerging players. Market participants are focusing on research and development activities to enhance the efficiency and performance of Bariatric Surgerys. Additionally, strategic collaborations, partnerships, and mergers and acquisitions are prevalent strategies adopted by companies to expand their market presence. The competitive environment is further influenced by factors such as technological advancements, government regulations, and the ability to provide cost-effective and sustainable solutions.
Bariatric Surgery Market Top Player’s Company Profiles
- SlimLife Bariatric Solutions (United States)
- BariSurg Clinic (United Kingdom)
- SlimFit Surgical Center (United States)
- Bariatric Care Group (Australia)
- Total Weight Solutions (Canada)
- Metabolic Surgery Center (Germany)
- FitBody Bariatrics (United States)
- Bariatric Wellness Clinic (United Kingdom)
- BodyBalance Bariatrics (Australia)
- Bariatric Health Partners (Canada)
- BodyShape Surgical Center (Germany)
- WeightFreedom Clinic (United Kingdom)
- Bariatric Care Center (Australia)
- SlimPlus Bariatrics (United States)
- WeightSuccess Surgical Center (Canada)
- SlimWell Bariatric Solutions (United States)
- Bariatric Health Clinic (Australia)
Bariatric Surgery Market Recent Developments
- In January 2023, SlimFit Surgical Solutions, a leading player in the field of bariatric surgery, announced the launch of their advanced robotic-assisted surgical system designed specifically for bariatric procedures.
- In March 2023, NutriWell Weight Management, a renowned provider of comprehensive weight management solutions, formed a strategic partnership with Global Bariatric Specialists, a network of leading bariatric surgeons worldwide.
- In June 2023, Gastric Solutions Inc., a pioneering medical device company, received FDA approval for their breakthrough non-invasive bariatric procedure. This development offers a minimally invasive alternative for eligible patients seeking bariatric treatment.
Bariatric Surgery Key Market Trends
- One key market trend in the global bariatric surgery market is the increasing adoption of minimally invasive surgical techniques. Minimally invasive procedures, such as laparoscopic and robotic-assisted surgeries, offer several advantages over traditional open surgeries, including smaller incisions, reduced postoperative pain, shorter hospital stays, and faster recovery times. These techniques are preferred by both patients and surgeons due to their potential for improved outcomes and reduced complications. The growing availability and advancements in minimally invasive approaches are driving the market's growth, as more individuals seeking bariatric surgery are inclined towards these less invasive options. This trend is expected to continue as technology and surgical expertise evolve, making bariatric surgeries safer and more accessible to a broader patient population.
Bariatric Surgery Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to the global bariatric surgery market analysis, the market is driven by the increasing prevalence of obesity worldwide and the associated health risks. Bariatric surgery offers an effective and long-term solution for weight loss, improving overall health and quality of life for patients. The market is witnessing growth due to advancements in surgical techniques, increased awareness about obesity-related health issues, and the growing acceptance of bariatric surgery as a viable treatment option.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.94 billion |
| Market size value in 2031 | USD 3.11 billion |
| Growth Rate | 5.4% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Bariatric Surgery Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Bariatric Surgery Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Bariatric Surgery Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Bariatric Surgery Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Bariatric Surgery Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Bariatric Surgery Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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