The global bariatric surgery devices market size is expected to reach USD 2.92 billion by 2030, according to a new study by Polaris Market Research. The report “Bariatric Surgery Devices Market Share, Size, Trends, Industry Analysis Report, By Device Type (Minimally Invasive Surgical Devices, Non-invasive Surgical Devices); By Procedure; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides an analysis of future market growth.
The rising obesity rates in adults due to changing lifestyle and increase in chronic disorders such as diabetes and heart illness are the main factors drive the industry growth. Furthermore, increasing penetration of the sleeve gastrectomy owing to their low complication rates and better result within a few days is one of the major factors boosting the bariatric surgeries demand over the forecast period.
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In addition, the growing bariatric surgery devices market across emerging economies such as India, Japan, and China are likely to have a positive impact due to rising expenditure on weight-loss treatments. Furtherly, the availability of medical surgeons who are better at performing bariatric surgery is also driving the growth of the bariatric surgery devices market.
The COVID-19 pandemic had a negative impact on the demand for bariatric surgery devices market as the supply for the bariatric devices was slowed down because of the lockdown; moreover, due to the covid infection, several hospitals were shut down, which resulted in the declination of patients struggling with weight-gain. However, as industrial activities resumed in 2021, the demand for bariatric surgery devices had a positive impact on market growth.
Bariatric Surgery Devices Market Report Highlights
Polaris Market Research has segmented the bariatric surgery devices market report based on device type, procedure, and region:
Bariatric Surgery Devices, Device Type Outlook (Revenue - USD Billion, 2018 - 2030)
Bariatric Surgery Devices, Procedure Outlook (Revenue - USD Billion, 2018 - 2030)
Bariatric Surgery Devices, Regional Outlook (Revenue - USD Billion, 2018 - 2030)