What are Main Factors Responsible for Growth of Global Obesity/Bariatric Surgery Devices Market?

The rising prevalence of obesity and increasing awareness about bariatric surgery amongst the obese people are the biggest factors responsible for the surge in the demand for obesity/bariatric surgery devices across the world. According to the statistics published by the American Society for Metabolic and Bariatric Surgery (ASMBS), the total number of bariatric surgeries conducted in the U.S. increased from 158,000 to 196,000 from 2011 to 2015. Due to the growing adoption of these surgeries, the demand for obesity surgery devices will undoubtedly increase in the coming years.

Browse In-depth Obesity/Bariatric Surgery Devices Market Companies’ Strategic Developments

Several companies across the world are increasingly organizing obesity awareness programs for increasing the public awareness about the various medical treatment and surgery options available for those suffering from obesity. For instance, a non-profit organization in the U.S., called Campaign to End Obesity, regularly conducts programs in order to increase the public awareness about exercise, bariatric surgery, and diet. The American Association of Physicians of Indian Origin (AAPI) started the Childhood Obesity Awareness program in 2013, which has so far significantly increased awareness about bariatric surgeries in the U.S.

Fuelled by the above-mentioned factors, the global obesity/bariatric surgery devices market is expected to exhibit huge growth over the next few years. Obesity surgeries involve the use of numerous types of devices, namely gastric bands, gastric electric simulators, gastric balloons, stapling devices, and other devices like trocars, gastric surgical clamp, clip appliers, and sutures. Amongst these devices, gastric balloons are predicted to record rapid growth in usage in the coming years. This is mainly attributed to the fact that these devices are highly effective for weight loss and they do not require incision.

Obesity surgeries can be either non-invasive or minimally invasive. The most common types of minimally invasive obesity surgeries are sleeve gastrectomy, gastric banding, gastric bypass, and biliopancreatic diversion surgeries with duodenal switch (BPD-DS). Amongst these, sleeve gastrectomy surgeries registered the highest utilization in the past, owing to the huge popularity of sleeve gastrectomy surgeries because of their lower mortality rates and higher weight loss results as compared to the other types of surgical procedures

Geographically, the Asia-Pacific (APAC) region, owing to the increasing incidence of obesity and flourishing medical tourism industry, is projected to register the fastest growth in the utilization of obesity/bariatric surgery devices during the forecast period. As per the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), elderly people are predicted to account for nearly 20.0% of the total population by 2050, thereby propelling the demand for obesity surgeries in the region. As a result, the obesity/bariatric surgery devices market will boom in the region in future.

Thus, the demand for obesity/bariatric surgery devices will shoot up massively across the world over the next few years, owing to the rising prevalence of obesity and soaring geriatric population.

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