Bariatric surgeries are procedures used for reducing stomach size by using different methods. It is extensively used for weight loss and is likely to benefit from the increasing prevalence of obesity. Technological developments are poised to dictate the trajectory of growth in the years to come. The study offered by Market Research Future (MRFR) asserts that the global bariatric surgery devices market share is anticipated to exhibit developmental opportunities and expand at 5.5% CAGR during the forecast period 2018 to 2023. The study also reveals that the market is projected to value at over USD 2200 Mn by 2023.

The changes in lifestyle and food patterns have led to an exponential increase in the prevalence of obesity. This, in turn, is expected to increase the burden of diseases such as cardiovascular diseases, diabetes, etc. Increasing awareness about the adverse effects of these diseases is likely to motivate the growth of the bariatric surgery devices market across the review period.

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Competitive Dashboard:

The major leaders operating in the global bariatric surgery devices market profiled in this MRFR report are Medtronic, Ethicon, Intuitive Surgical, Apollo Endosurgery, ReShape Lifesciences, Aspire Bariatrics, EnteroMedics, Inc., Mediflex Surgical Products, TransEnterix, Inc., and Agency for Medical Innovation.

Market Segmentation:

Based on Product, the global bariatric surgery devices market has been segmented into implantable devices, assisting devices, and others. The implantable devices segment has been further sub-segmented into gastric bands, electrical stimulation devices, gastric balloons, and gastric emptying devices. The assisting devices segment has been sub-segmented into stapling devices, trocars, suturing devices, incision closure devices, and others
Based on Procedure, the bariatric surgery devices market has been segmented into revision bariatric surgery, non-invasive bariatric surgery, sleeve gastrectomy, gastric bypass, adjustable gastric banding, biliopancreatic diversion with duodenal switch, mini-gastric bypass, and gastric bypass.
By End-user, the bariatric surgery devices market has been segmented into bariatric surgery clinics, hospital pharmacies, ambulatory surgical centers, and others.
Regional Analysis:

The geographical assessment of the global bariatric surgery devices market spans across four key regional segments - Americas, Europe, Asia Pacific, and the Middle East and Africa (MEA). Americas is currently leading the growth of the global market. It is anticipated to maintain its standing at the forefront position in the global marketplace over the next couple of years.

The rising population of obese people is the most crucial factors expected to boost the revenue growth of the region in the forthcoming years. The rising dependency on a sedentary lifestyle and increasing consumption of unhealthy food is poised to impact the expansion of the bariatric surgery devices market in the region positively over the next few years. In addition, the key players based out of the region are increasing investments in research & development for the development of effective and minimally invasive surgical procedures.

Thus, technological advancements are expected to accelerate revenue creation for the participants of the regional market. The governments are also focusing on the development of the healthcare sector in the region. These efforts, in conjunction with rising healthcare expenditures, are anticipated to favor market proliferation in the years to come.

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Europe is prognosticated to retain the second spot through the assessment period. The availability of advanced medical facilities available is likely to motivate the proliferation of the bariatric surgery devices market over the next couple of years. The region is also anticipated to witness a rise in the number of bariatric surgeries being performed. This, in turn, is projected to favor the expansion of the regional segment over the next couple of years.

Asia Pacific is poised to exhibit a relatively higher CAGR over the review period. Factors such as increasing patient pool, rising investments, developments in healthcare technologies, etc. are projected to catalyze the expansion of the bariatric surgery devices market in the forthcoming years. However, the Middle East & Africa (MEA) is anticipated to exhibit the least growth across the projection period.