Bariatric Surgery Devices Market to Reach USD 3.1 billion by 2034, Growth at CAGR 6.6% | Report by Transparency Market Research, Inc.
Growing prevalence of Numerous Lifestyle Disorders Including Diabetes and Cardiovascular Diseases (CVDs), and Increasing Number of Weight-Related Problems to Pave the Way for Bariatric Surgical Devices Market Growth
Wilmington, Delaware, United States, Transparency Market Research Inc. -, Aug. 16, 2024 (GLOBE NEWSWIRE) — As per the report published by Transparency Market Research, the global
It is worth mentioning that recent advancements in bariatric surgery have focused on improving patient outcomes, reducing complications, and enhancing recovery times. Owing to the less invasive nature of such procedures and shorter recovery periods, techniques such as endoscopic sleeve gastrectomy and mini gastric bypass have gained popularity.
In addition, robotic bariatric surgical devices have raised the precision quotient and decreased the risk of complications during such procedures. The bariatric surgical devices industry has witnessed the launch of several advanced devices over the past few years.
In July 2022, Apollo Endosurgery, Inc. announced marketing authorization through the U.S. FDA’s De Novo Classification process for the Apollo ESG, Apollo ESG Sx, Apollo REVISE, and Apollo REVISE Sx Systems for endoscopic sleeve gastroplasty and endoscopic bariatric revision. Similarly, in May 2021, Standard Bariatrics received U.S. FDA approval for its novel Titan SGS stapling technology, thereby allowing a continuous staple cutline of 23 centimeters.
What’s with Bariatric surgical devices Market Regional Insights?
- North America generated the largest market value in 2023. The region is expected to maintain its dominance during the forecast period as well.
Increasing incidence of obesity and related health conditions such as diabetes and cardiovascular diseases, technological advancements in minimally invasive surgical techniques, and development of safer and more effective bariatric surgical devices, growing awareness regarding benefits associated with bariatric surgery, rise in acceptance among both – patients and healthcare providers, and surge in government initiatives aimed at addressing obesity and its related health issues including funding for research and public health campaigns are some of the factors driving Bariatric surgical devices Market share in the region.
Key Players in Bariatric surgical devices Market
Agency for Medical Innovations, Apollo Endosurgery, Inc., Aspire Bariatrics, Cousin Biotech, EnteroMedics, Inc., Ethicon, Inc., Intuitive Surgical Inc., Mediflex Surgical Products, Medtronic PLC and TransEnterix, Inc. are some of the leading key players operating in the bariatric surgical devices industry.
- Recent Key Developments
In February 2024, BariaTek Medical a France-based company has successfully conducted the first implantation in the atrium of its BariTon device, a reversible implant that could offer an alternative to conventional weight loss surgery.
BariaTek’s BariTon is a reversible implant that consists of a gastric part and an intestinal part, reducing food intake and calorie absorption. The implant is delivered by endoscopy in an outpatient clinic.
According to the company this particular device is anticipated to mimic the efficacy of sleeve gastrectomy and bypass surgery – two of the most common types of weight loss surgery.
Bariatric surgical devices Market Segmentation
- Device Type
- Assisting Devices (Suturing Devices, Stapling Devices, Closure Devices, Trocars, and Others)
- Implantable Devices (Gastric Bands, Gastric Balloons, Electrical Stimulation Devices, Gastric Emptying Devices, and Others)
- End-user
- Bariatric Surgery Clinics
- Ambulatory Surgical Centers
- Hospital Pharmacies
- Others
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