Growing rate of adult obesity due to excessive calorie intake and changing lifestyle habits, surge in demand for minimally invasive surgeries (MIS) are some of the factors driving growth of the bariatric surgical device market.
JERSEY CITY, NJ, April 14, 2022 /PRNewswire/ — Verified Market Research recently released a report, “Bariatric Surgical Devices MarketBy type (stapling devices, energy/vascular sealing devices, suturing devices), by procedure (sleeve gastrectomy, gastric bypass surgery, revision bariatric surgery) and by geography. According to verified market research, size of the global bariatric surgical devices market was valued at $1093.0 million in 2020 and is expected to reach $2223.84 million by 2028, growing at a CAGR of 9.29% from 2021 to 2028.
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Global Bariatric Surgical Devices Market Overview
Rising rate of adult obesity due to excessive calorie intake and changing lifestyle habits is expected to drive the bariatric surgical devices market over the forecasted years. The rising prevalence of morbid obesity across the globe is driving up the market demand. In addition, obesity rates among children appear to be increasing at an alarming rate. Children who have been overweight since childhood are at higher risk than the typical adult. Chronic diseases such as high cholesterol, hypertension and diabetes appear earlier in young people.
High rise in demand for minimally invasive surgeries (MIS) across the globe is among the significant factors expected for the growth and demand of the bariatric surgical devices market. Additionally, the availability of surgeons skilled in bariatric surgery techniques is expected to fuel the bariatric surgical devices market over the forecast period. Due to the growing popularity of bariatric surgeries, both established and new medical surgeons are developing and qualifying their surgical abilities. As a result, there is an increase in the demand for bariatric surgery equipment.
- In June 2021: Standard Bariatrics, Inc., based in Cincinnatihas developed the Titan SGS™, a first-of-its-kind device that offers surgeons performing sleeve gastrectomy, the most common bariatric surgery for obesity, the industry’s longest continuous staple cutting line of 23 centimeters .
The major market players are Standard Bariatrics, Medtronic, Johnson and Johnson, Aspire Bariatrics, GI Dynamics, TransEnterix, USGI Medical, Apollo Endosurgery, Olympus, Mediflex Surgical Product, EnteroMedics.
Verified Market Research has segmented the global bariatric surgical devices market on the basis of type, procedure, and geography.
- Bariatric Surgical Devices Market, By Type
- Minimally invasive surgical devices
- Stapling devices
- Energy sealing devices/container
- Suturing devices
- Non-invasive surgical devices
- Bariatric Surgical Devices Market, By Procedure
- Sleeve Gastrectomy
- gastric bypass
- Revision bariatric surgery
- Non-invasive bariatric surgery
- Adjustable gastric band
- Mini gastric bypass
- Biliopancreatic diversion with duodenal switching
- Bariatric Surgical Devices Market by Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- Latin America
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