Bariatric Surgery Devices Market Expected to Share

New York, June 03, 2022 (GLOBE NEWSWIRE) — The market for bariatric surgery devices is expected to grow at a CAGR of 4.5%, from USD 2.1 billion in 2022 to USD 3 billion through 2032.

The COVID-19 pandemic has severely impacted the global bariatric surgical devices market. During the first few months of the pandemic, the spread of the COVID-19 infection caused a significant drop in the sales of bariatric surgery devices in the medical equipment industry. Additionally, during the pandemic, all elective procedures have been postponed or canceled to maximize hospital capacity utilization for COVID-19 patients.

Chronic disorders like high cholesterol, hypertension and diabetes also appear earlier in children. The prevalence of this important health problem is expected to be one of the main drivers of market share of bariatric surgery devices expansion.

Bariatric surgery devices market trends such as established and emerging medical surgeons are improving and qualifying their surgical expertise as bariatric surgery becomes increasingly popular. As a result, the demand for bariatric surgical devices is increasing.

The post-surgical consequences create a huge barrier to living with bariatric surgery, hampering the adoption of bariatric surgery devices. North America is expected to be the leading region in the bariatric surgery devices market.

Key points to remember

  • The market for bariatric surgery devices is expected to grow at a CAGR of 4.5%, with a market share of US$3 billion through 2032.
  • In the United States, the market for bariatric surgery devices is estimated at US$1 billion, growing at a CAGR of 4.3% through 2032.
  • The bariatric surgery device market in China is expected to grow at a stupendous CAGR of 4.2% through 2032, with an expected market share of US$208 million.
  • The market for bariatric surgery devices in Japan is expected to reach US$182 million, growing at a stable CAGR of 4% through 2032.
  • The UK bariatric surgery device market is expected to have a market share of US$119 million, growing at a CAGR of 3.6% through 2032.
  • The minimally invasive surgical devices segment of the standard category bariatric surgery devices market is expected to grow at a CAGR of 3.5% through 2032.
  • The sleeve gastrectomy segment of the procedure category bariatric surgery devices market is expected to grow at a CAGR of 3.7% through 2032.

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Competitive Landscape:

The major key players in the bariatric surgery devices market are Ethicon, Medtronic, Intuitive Surgical, Apollo Endosurgery, ReShape Life Sciences, which contribute the bariatric surgery devices share.

To expand their influence on the Bariatric Surgery Devices market trends, these vendors have utilized a variety of organic and inorganic growth tactics.

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RECENT DEVELOPMENT:

Partnerships, collaborations and agreements:

  • Standard Bariatrics, Inc of Cincinnati, invented the Titan SGS™, a first-of-its-kind device that provides surgeons undergoing sleeve gastrectomy, the most common bariatric surgery for obesity, the longest staple cutting line continuous industry 23 centimeters.
  • Apollo received 510(k) clearance from the United States Food and Drug Administration (FDA) in 2019. (k). This has been done with respect to the use of polypropylene suture in OverStitch endoscopic suturing devices. The company’s gross margins have increased significantly and its reliance on a third party has decreased significantly.

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  • Opening of the Intuitive Surgical MEE shopping center in Freiburg (Breisgau). The company’s global presence has improved. In February 2020, Medtronic purchased Digital Surgery, a well-known player in the field of surgical artificial intelligence, data and analytics.

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