Bariatric Surgeries Market Outlook Report | Size & Share 2030

The bariatric surgeries market size is projected to reach US$ 27647.38 million by 2030 from US$ 8546.66 million in 2022; the market is estimated to record a CAGR of 15.8% from 2022 to 2030.

Market Insights and Analyst View:

The basic principle of bariatric surgery is restricting food intake and reducing food absorption in the intestines and stomach. Bariatric surgery is done when exercise and diet fail to reduce weight or when a patient has serious health problems because of the patient's weight. Bariatric surgery procedures include sleeve gastrectomy, gastric bypass, gastric band, and duodenal switch. These procedures have proven results in treating class III obesity. They also help normalize a patient's metabolism, including blood pressure, cholesterol, and blood sugar. Factors such as the increasing prevalence of obesity and growing demand for minimally invasive surgeries are driving the bariatric surgeries market growth. On the other hand, the stringent regulatory policies and increase in safety concerns hinder the market growth.

Growth Drivers:

Increasing Prevalence of Obesity Propels Bariatric Surgeries Market Growth

Excess amount of fat accumulation in the body is known as obesity, which can cause various health problems. When the body mass index is 25 or above, it is considered obesity. Obesity is one of the leading causes of various health conditions, such as cardiovascular disorders and diabetes. Changes in food habits and sedentary lifestyles have increased the prevalence of obesity on a global level. A large percentage of the population consuming high-calorie, high-fat food with limited physical activity has increased obesity rates. According to the World Health Organization, in 2022, ~1 billion people worldwide were obese, including 39 million children, 340 million adolescents, and 650 million adults. There are various factors, such as genetic, behavioral, metabolic, and hormonal, that influence body weight and can cause obesity. In some cases, obesity can be caused due to medical reasons such as hypothyroidism, Cushing syndrome, and Prader-Willi syndrome. The increasing prevalence of obesity leads to various health concerns. Most of the obese population experiences depression, shame, and guilt about their social isolation, disability, and lower work achievement, which affects their quality of life. According to the National Council of Aging (NCOA) 2021 report, adults with excess weight had a 55% higher risk of developing depression in their lifetime than those who did not suffer from obesity.

To overcome the abovementioned conditions and increase awareness among large populations about the consequences of obesity, the demand for bariatric surgery is increasing as it helps in weight reduction. According to the American Society for Metabolic and Bariatric Surgery, there were a total of 262,893 bariatric surgeries performed in 2021 as compared to 198,651 surgeries in 2020 in the US. Therefore, increasing prevalence of obesity and rising awareness about its consequences have increased the demand for bariatric surgeries, driving the bariatric surgery devices market

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Bariatric Surgeries Market: Strategic Insights

Market Size Value in	US$ 8546.66 million in 2022
Market Size Value by	US$ 27647.38 million by 2030
Growth rate	CAGR of 15.8% from 2022 to 2030
Forecast Period	2022-2030
Base Year	2022

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Report Segmentation and Scope:

The bariatric surgeries market is segmented on the basis of type, end user, and geography. 

The bariatric surgeries market, by type, is segmented into adjustable gastric bands (AGB), sleeve gastrectomy, gastric bypass, biliopancreatic diversion with duodenal switch (BPD-DS), and others. In 2022, the sleeve gastrectomy segment held the largest market share, and the gastric bypass segment is estimated to register the fastest CAGR during 2022–2030. Based on end user, the bariatric surgeries market is segmented into hospitals and ambulatory surgical centers. In 2022, the hospitals segment held a larger market share, and the ambulatory surgical centers segment is estimated to register a faster CAGR during 2022–2030.

Segmental Analysis:

The bariatric surgeries market, by type, is segmented into adjustable gastric bands (AGB), sleeve gastrectomy, gastric bypass, biliopancreatic diversion with duodenal switch (BPD-DS), and others. In 2022, the sleeve gastrectomy segment held the largest market share, and the gastric bypass segment is estimated to register the fastest CAGR during 2022–2030. In sleeve gastrectomy, the stomach is divided and stapled vertically by removing more than 85% of stomach, forming a banana-shaped pouch or tube limiting the amount of food ingested and absorbed by the body. In this surgery, most of the stomach is removed, lowering levels of the hormone ghrelin, which is responsible for appetite, along with limiting food intake and its absorption. Risks of sleeve gastrectomy include heartburn, stomach ulcers, gastritis, injury to the intestines, stomach, or other organs during surgery, and vomiting. Also, poor nutrition and scarring inside the belly could lead to a future blockage in the bowel.

Bariatric Surgeries Market, by Type – 2022 and 2030

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Based on end user, the bariatric surgeries market is segmented into hospitals and ambulatory surgical centers. In 2022, the hospitals segment held a larger market share, and the ambulatory surgical centers segment is estimated to register a faster CAGR during 2022–2030. An ambulatory surgical center (ASC) is a healthcare facility that allows patients to have same-day surgery, such as Roux-en-Y gastric bypass surgery or sleeve gastrectomy, duodenal switch surgery, laparoscopic gastric banding (Lap-Band), and non-surgical gastric balloon. Healthy Life Bariatrics is an accredited ambulatory surgical center that focuses on sanitation, cleanliness, safety, and personalized care. Atlanta General and Bariatric Surgery Center (AGBSC) is located in Georgia, across from Emory Hospital.

Regional Analysis - Bariatric Surgeries Market:

Based on geography, the bariatric surgeries market is segmented into five key regions: North America, Europe, Asia Pacific, South & Central America, and the Middle East & Africa. In 2022, North America accounted for the largest share of the bariatric surgeries market. Asia Pacific is expected to register the highest CAGR in the global bariatric surgeries market during 2022–2030.

North America holds the largest share of the bariatric surgeries market. The market in this region is split into the US, Canada, and Mexico. The market growth in the region is attributed to the increasing burden of obesity, rising government initiatives to curb obesity, and a surging number of mergers, collaborations, and partnerships among market players. In addition, the significantly growing prevalence of diabetes is propelling the demand for bariatric surgeries. The bariatric surgeries market in the US is primarily driven by the increasing burden of obesity and the growing prevalence of diabetes. The demand for bariatric surgeries has increased remarkably over the past few years to reduce burden of associated a wide range of chronic diseases. According to the World Obesity Atlas 2022, the estimated number of adults with BMI ≥30kg/m2 in the US by 2030 is as follows:

ADULT OBESITY IN 2030

CHILD OBESITY IN 2030

Thus, populations with high BMIs in the US are more likely to undergo bariatric surgeries to avoid complications associated with diabetes and heart diseases.

According to the data published by the American Society for Metabolic & Bariatric Surgery in June 2022, the estimated number of bariatric surgeries performed in 2021 is as follows:

Bariatric surgeriesin the US have grown significantly owing to advancements in technologies such as gastric bands & balloons and other surgical procedures mentioned above.

Several market players are adopting organic strategies to stay competitive in the market. For instance, in May 2021, Standard Bariatrics announced that it had been cleared by the US Food and Drug Administration (FDA) for its novel Titan SGS stapling technology, designed precisely for bariatric sleeve surgery.

The Asia Pacific bariatric surgeries market is segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. The growth of the bariatric surgeries market in this region is widely driven by collaborations between companies, rising incidence of diabetes, and an increasing number of obese people. Due to the growing obese population in China, bariatric surgeries are gaining significant traction in the country. Other factors such as growing prevalence of diabetes, rising cases of cardiovascular diseases (CVDs), and developments by the market players are also majorly contributing to the growth of bariatric surgery devices in the country, making it a significant market in Asia Pacific.    

According to the Global Health Journal, obesity has become a severe public health issue worldwide. China has the world's largest number of overweight people. Over 50% of adults and ~20% of children and adolescents in China are overweight. Over the past 20 years, China has taken many actions in obesity intervention, and obesity rates have continued to grow. Thus, the demand for bariatric surgeries is growing in China.

Several market players are adopting organic strategies to stay competitive in the market. For instance, in September 2021, Olympus launched the POWERSEAL 5mm Curved Jaw Tissue Sealer and Divider. This device fulfills the highest clinical performance standards for advanced bipolar surgical energy devices by delivering consistent sealing reliability in an ergonomic, multifunctional design that encourages procedural efficiency.

Industry Developments and Future Opportunities – Bariatric Surgeries Market:

Various initiatives taken by leading players operating in the bariatric surgeries market are listed below:

• In June 2021, Ethicon launched a new advanced bipolar energy device, the ENSEAL X1 Curved Jaw Tissue Sealer. It enhances procedural efficiency by providing stronger sealing and greater access to more tissue than LigaSure Maryland. The device is used for colorectal, gynecological, and bariatric surgeries and thoracic procedures.
• In November 2022, Boston Scientific Corporation acquired Apollo Endosurgery Inc. with a total value of ~US$ 615 million, which indicated a cash price of US$ 10 per share. The Apollo Endosurgery product portfolio includes devices used during endoluminal surgery (ELS) procedures to close and manage gastrointestinal defects and complications, along with aid in weight loss for patients with obesity.
• In September 2022, Allurion Technologies, a US-based medical device maker, launched its weight loss solution, a swallowable gastric balloon, in India. Allurion balloon—which had received approval from the Central Drugs Standard Control Organization (CDSCO)—claims to reduce the body weight of a person by 10–15% on average in just 16 weeks.
• In August 2022, Teleflex acquired Standard Bariatrics and its powered stapling technology for bariatric surgery for US$ 170 million in cash upfront, with the potential for up to $ 130 million in additional payments after passing certain commercial milestones. The acquisition of Standard Bariatrics provides an innovative product for the large and growing sleeve gastrectomy market, which is estimated to be ~120,000 procedures annually in the US.
• In May 2023, Olympus launched POWERSEALTM Sealer/Divider for the Middle East & Africa (MEA) and Europe. This multifunctional advanced bipolar device supports surgeons across multiple different medical specialties with dissection, state-of-the-art sealing, and grasping capabilities for both open and laparoscopic surgical treatments such as colorectal resection, bariatric surgery, colorectal resection, and total laparoscopic hysterectomy.
• In September 2021, Olympus acquired the new advanced bipolar surgical energy product range known as POWERSEAL. The POWERSEAL 5 mm Curved Jaw Tissue Sealer and Divider is a double-action device that meets the highest standards of medical performance for advanced bipolar surgical energy devices by delivering constant sealing reliability in an ergonomic and multifunctional design that promotes procedural efficiency. The POWERSEAL devices can be employed in numerous surgical procedures, including general, gynecological, colorectal, bariatric, urological, thoracic, and vascular surgical procedures.

Competitive Landscape and Key Companies - Bariatric Surgeries Market:

Intuitive Surgical Inc, Integra LifeSciences Holdings Corp, Apollo Endosurgery Inc, Conmed Corp, Medtronic Plc, Ethicon USA LLC, Olympus Corp, Reshape Lifesciences Inc, Spatz FGIA Inc, Helioscopie SA are the prominent companies operating in the bariatric surgeries market. These companies focus on new technologies, existing product advancements, and geographic expansions to meet the growing consumer demand worldwide.

A few of the major primary and secondary sources referred to while preparing the Bariatric Surgeries market report on the World Health Organization (WHO), National Council of Aging (NCOA), American Society for Metabolic and Bariatric Surgery, World Obesity Atlas, Health Canada, International Diabetes Federation (IDF), The National Center for Biotechnology Information (NCBI), National Library of Medicine (NLM).