Sellbyville, DE -- (SBWIRE) -- 05/30/2019 -- The Bariatric Surgery Devices Market is set to exceed USD 2.2 billion by 2024; according to a new research report by Global Market Insights. Technological advances in bariatric surgery devices providing effective treatment is expected to boost market growth in the foreseeable future. Advances to reduce undesirable effects and complications post-surgery will foster business growth. For instance, in May 2016, Apollo Endosurgery launched a non-surgical incision less Orbera Coach Platform for bariatric surgery. This product offer surgeons to design treatment procedure, thus meeting specific needs of the patient. Such advancements will propel bariatric surgery devices industry growth during the projected timeframe.

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Increasing number of obesity cases will potentially spur market growth. As a result, number of surgeries performed in hospitals, clinics and ambulatory surgical centers is huge. For instance, according to a study published in Obesity Surgery journal, in 2013 about 486 thousand bariatric surgeries were performed across the globe. Increasing number of bariatric surgeries will thereby lead to higher demand for bariatric surgery devices over the forecast timeframe.

Sleeve gastrectomy segment held largest revenue share of 44.9% in 2017. The segmental growth is attributable to growing burden of obesity coupled with high adoption rate of sleeve gastrectomy. High adoption rate is attributable to high effectiveness and batter patient outcome. Affordability and less complications of sleeve gastrectomy will promote segmental growth in forthcoming period.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
- Medtronic
- Ethicon, Inc.
- Olympus Corporation of the Americas
- W. L. Gore & Associates
- CONMED Corporation
- Integra LifeSciences
- Apollo Endosurgery
- Cousin Biotech
- Aspire Bariatrics
- Grena Limited
- ReShape Lifesciences Inc.
- Mediflex Surgical Products

Gastric bypass segment will grow with a remarkable rate of 5.8% CAGR during the forecast timeframe. High growth rate is credited to enhanced weight loss provided by gastric bypass procedure. Reduction in length of stay in healthcare facilities is major factor propelling segmental growth. Reduction in appetite will result in significant weight loss, thereby increasing patient preference towards gastric bypass procedure in the future.

Minimally invasive surgical device segment dominated in 2017, with segmental revenue of USD 1,378.1 million owing to high adoption rate. Prevention of post operation trauma and other complications such as delayed wound healing will spur the demand for minimally invasive surgical devices. Employment of minimally invasive surgical devices helps reducing recovery time along with prevention of blood loss. These benefits will facilitate accelerating demand for minimally invasive surgical devices in forthcoming years.

Non-invasive surgical device segment will grow at a momentous rate of 6.1% during the forecast timeframe owing to high prevalence of obesity. According to World Health Organization, more than 10% of the world population suffer from obesity. High pervasiveness of obesity will drive the need for development of advanced and innovative surgical devices for treatment of obesity. Shorter recovery time and low post-operative complication are few of the advantages offered by non-invasive surgical devices. Such factors will favour segmental growth in recent years.

Bariatric Surgery Devices Market, by Product

1 Minimally invasive surgical devices
2 Stapling devices
3 Energy/vessel-sealing devices
4 Suturing devices

Bariatric Surgery Devices Market, by Procedure

1 Minimally invasive surgical devices
2 Stapling devices
3 Energy/vessel-sealing devices
4 Suturing devices
5 Non-invasive surgical devices

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Chapter 1. Methodology

1.1. Methodology
1.2. Market definitions
1.3. Forecast parameters
1.4. Data sources
1.4.1. Secondary
1.4.1.1. Paid sources
1.4.1.2. Unpaid sources
1.4.2. Primary

Chapter 2. Executive Summary

2.1. Bariatric surgery devices market industry 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Procedure trends
2.1.4. Regional trends

Chapter 3. Bariatric Surgery Devices Market Industry Insights

3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry impact forces

3.3.1. Growth drivers
3.3.1.1. Increasing demand for minimally invasive surgical procedures worldwide
3.3.1.2. Rising incidences of obesity in Asia Pacific
3.3.1.3. Technological advancements in developed economies
3.3.1.4. Increasing government funding for bariatric surgery in developed countries

3.3.2. Industry pitfalls & challenges
3.3.2.1. High cost associated with surgical devices
3.3.2.2. Stringent regulatory scenario in developed countries
3.3.2.3. Dearth of skilled healthcare professionals in developing economies

Chapter 4. Bariatric Surgery Devices Market, By Product

4.1. Bariatric surgery devices market share by product, 2017 & 2024

4.2. Minimally invasive surgical devices
4.2.1. Market size, by region, 2013 – 2024 (USD Million)

4.2.2. Stapling devices
4.2.2.1. Market size, by region, 2013 – 2024 (USD Million)

4.2.3. Energy/vessel-sealing devices
4.2.3.1. Market size, by region, 2013 – 2024 (USD Million)

4.2.4. Suturing devices
4.2.4.1. Market size, by region, 2013 – 2024 (USD Million)

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Data Tables

TABLE 1. Bariatric surgery devices industry 3600 synopsis, 2013 – 2024 (USD Million)
TABLE 2. Bariatric surgery devices market, 2013-2017 (USD Million)
TABLE 3. Bariatric surgery devices market, 2018-2024 (USD Million)
TABLE 4. Bariatric surgery devices market, by product, 2013-2017 (USD Million)
TABLE 5. Bariatric surgery devices market, by product, 2018-2024 (USD Million)
TABLE 6. Bariatric surgery devices market, by procedure, 2013-2017 (USD Million)
TABLE 7. Bariatric surgery devices market, by procedure, 2018-2024 (USD Million)
TABLE 8. Bariatric surgery devices market, by region, 2013-2017 (USD Million)
TABLE 9. Bariatric surgery devices market, by region, 2018-2024 (USD Million)