USD 1.84 billion
Report ID:
SQMIG35G2187 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
38
|Figures:
74
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.
Global Market Size
USD 1.84 billion
Largest Segment
gastric bypass
Fastest Growth
gastric bypass
Growth Rate
5.4% CAGR
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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.
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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.
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Bariatric Surgery Market Drivers
Increasing Awareness About Weight Management
Bariatric Surgery Market Restraints
High Cost Associated With The Procedure
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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
Bariatric Surgery Market Recent Developments
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 |
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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 |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
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.
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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Report ID: SQMIG35G2187