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Bariatric Surgery Devices Market By Type (Adjustable Gastric Bands, Intragastric Balloons, Implantable Gastric Stimulators, Gastric Surgery Clamps, Clip Appliers, Sutures, Surgical Staples And Trocars, Others ) – Growth, Future Prospects And Competitive Analysis, 2018 – 2026

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Published: | Report ID: 2415 | Report Format : PDF

Market Insights

The bariatric surgery devices market is expected to grow at a 5.1% CAGR from US$ 2,006.0 million in 2017 to US$ 3,163.5 million by 2026. Bariatric surgery employs numerous techniques for treating obesity, such as balloon placement or banding of the stomach. In 2010, sleeve gastrectomy accounted for 9.3% of all procedures, gastric bypass surgery accounted for 58.4%, and gastric band procedures accounted for 28.8%, according to the American Society for Metabolic and Bariatric Surgery.

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This trend shifted within a few years due to the increased use of sleeve gastrectomy surgery, with sleeve gastrectomy and gastric bypass accounting for 49% and 43.8% of all procedures, respectively, and gastric band procedures falling to 6%. Such a drastic change in the adoption of procedures has affected the dynamics in the global bariatric surgery market. According to our report, the market share (in terms of value) of the gastric band decreased to less than 10% in 2017.

Containment of post-surgical infection, faster treatment outcomes, and the permanent nature of this procedure have led to increased adoption of sleeve gastrectomy. Furthermore, with the increased adoption of minimally invasive therapies globally, the market for devices used in these surgeries has surged in recent years. For instance, surgical stapling and trocars contributed more than 30% of the market share in 2017.

According to a study published by the Graduate Business School, the prevalence of obesity in Asia Pacific varied from 28.3% in New Zealand to 1.7% in Vietnam in 2008. Further, the prevalence of obesity in China increased to 27.9% in 2013 from 11.3% in 1980. Such high growth in obesity, coupled with increased prevalence in the region, contributes to the growth of the Asia Pacific market.

Additionally, Asia-Pacific is expected to be the most lucrative market owing to its growing urban population, favorable government initiatives, increasing medical tourism, and high prevalence of obesity. Furthermore, growth in the Middle East and Africa outpaces the global growth rate of the market, which is led by Latin America.

Market Synopsis

Surgical staples and trocars are leading the global bariatric surgery market.

In 2017, the surgical staples and trocars segment dominated the market with more than 30% of the market’s value. With the adoption of advanced technologies in terms of safety outcomes, the segment is expected to retain its dominance during the forecast period. Different types of bariatric surgeries utilize a variety of surgical devices, ranging from adjustable gastric bands to gastric surgery clamps.

The majority of the devices used in bariatric surgeries are reusable, making them poised to grow at a steady pace throughout the forecast period. However, the adoption of surgeries involving intra-gastric balloons and gastric bands has decreased in recent years with the introduction of minimally invasive surgeries, which affects the growth of the market for these devices. Furthermore, certain players, including Medtronic, have introduced implantable gastric stimulators to the market, and the device has performed well in the treatment of obesity. Additionally, the implantable gastric stimulators segment is expected to experience a surge during the forecast period owing to higher demand for minimally invasive therapies.

Asia-Pacific is estimated to experience the fastest growth during the forecast period.

North America led the global bariatric surgery market in 2017, accounting for more than 35% of total revenue. According to the Centers for Disease Control and Prevention (CDC), one-third of U.S. adults are obese. The surge in obesity cases has led to an increase in demand for bariatric surgery, making North America a prominent regional market. In terms of market value, Europe followed North America in 2017 and is estimated to follow the pattern during the forecast period.

High obesity rates, clubbed with high penetration of technologically advanced procedures, are considered major market drivers in Europe. Furthermore, promising government initiatives in the region are also estimated to play a crucial role in the growth of the market. In terms of obesity and overweight prevalence, Asia-Pacific follows North America. High prevalence combined with the presence of vast available opportunities is expected to aid Asia-Pacific is experiencing the fastest growth during the forecast period.

Manufacturers and key players are riding high on stapling devices as major revenue contributors.

In 2014, Medtronic and Covidien entered into an agreement to merge, with the intention to not just buy out the competition but also diversify the product offering. Covidien has highlighted the sales of stapling devices in its annual report and titled staplers as the most prominent revenue-generating products. Furthermore, the global market is projected to surge during the forecast period owing to the launch of innovative technologies for the treatment of obesity. For instance, in February 2017, Medtronic launched an innovative surgical stapler for minimally invasive bariatric surgery, the Signia Stapling System. The market players are focusing on the development of minimally invasive therapies to ensure patient compliance. Other prominent players in this market include Apollo Endosurgery, Inc.; Ethicon, Inc.; and Intuitive Surgical, Inc.

Periods of History and Forecast

2016 is a historic year.

2017—Base Year

2018–2026: Forecast Period

Market analysis for the period from 2016 to 2026 is presented along with a compound annual growth rate (CAGR) for the forecast period while considering 2017 as the base year.

Report Scope by Segments

This comprehensive report on the bariatric surgery devices market presents the market outlook along with the market trends in different regions. The report describes a comprehensive outline of the market by segmenting it in terms of type and geography. This report is primarily focused on aiding market stakeholders and healthcare professionals in making strategic initiatives and better market decisions.

Product Segment (2016-2026; millions of dollars)

  • Adjustable gastric bands
  • Clip Appliers
  • Implantable gastric stimulators
  • Intragastric Balloons
  • Gastric surgery clamps
  • Sutures
  • Surgical staples and trocars
  • Others (closure devices, pouches, shears, scalpels)

Geography Segment (2016-2026; millions of dollars)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • India
    • China
    • Japan
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

This report further elucidates the key qualitative assessment factors, including market drivers and restraints and market trends, to aid in an enhanced understanding of the bariatric surgery devices market. Furthermore, the key players are graphically mapped based on their product offerings, business strengths, and market strategies. Based on device type and geographical research, an appealing investment proposition is presented. Major players that are profiled in the report include Apollo Endosurgery, Inc., Covidien Plc, EnteroMedics, Inc., Ethicon, Inc., Intuitive Surgical, Inc., Reach Surgical, Inc., Spatz FGIA, Inc., TransEnterix, Inc., and USGI Medical, Inc.

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Key questions are answered in this report.

  • Which are the prominent bariatric surgery devices?
  • Whose use has increased in recent years as a result of the advent of minimally invasive therapies?
  • What are the current market trends in the bariatric surgery devices industry and the most valuable growth opportunities for the players?
  • Which prominent geographies are appropriate for product launches?
  • What is the size of the North American bariatric surgery devices market, and how do the other regional markets stand up to the global competition?

Chapter 1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Assumptions

Chapter 2. Executive Summary
2.1. Global Bariatric Surgery Devices Market Portraiture
2.1.1. Global Bariatric Surgery Devices Market, by Type, 2017 (US$ Mn)
2.1.2. Global Bariatric Surgery Devices Market, by Geography, 2017 (US$ Mn)

Chapter 3. Bariatric Surgery Devices Market: Market Dynamics and Outlook
3.1. Market Overview
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Challenges
3.2.3. Opportunities
3.3. Attractive Investment Proposition, by Geography, 2017
3.4. Competitive Landscape
3.4.1. Competitive Landscape, by Key Players, 2017

Chapter 4. Bariatric Surgery Devices Market, by Type, 2016 – 2026 (US$ Mn)
4.1. Overview
4.2. Attractive Investment Proposition: Global Bariatric Surgery Devices Market, by Type, 2017
4.3. Adjustable Gastric Bands
4.4. Intragastric Balloons
4.5. Implantable Gastric Stimulators
4.6. Gastric Surgery Clamps
4.7. Clip Appliers
4.8. Sutures
4.9. Surgical Staples and Trocars
4.10. Others (Closure Devices, Pouches, Shears, Scalpel)

Chapter 5. Bariatric Surgery Devices Market, by Geography, 2016 – 2026 (US$ Mn)
5.1. Overview
5.2. North America Bariatric Surgery Devices Market Analysis, 2016 – 2026 (US$ Mn)
5.2.1. North America Bariatric Surgery Devices Market, by Type, 2016 – 2026 (US$ Mn)
5.2.2. North America Bariatric Surgery Devices Market, by Country, 2016 – 2026 (US$ Mn)
5.2.2.1. U.S.
5.2.2.2. Canada
5.3. Europe Bariatric Surgery Devices Market Analysis, 2016 – 2026 (US$ Mn)
5.3.1. Europe Bariatric Surgery Devices Market, by Type, 2016 – 2026 (US$ Mn)
5.3.2. Europe Bariatric Surgery Devices Market, by Country, 2016 – 2026 (US$ Mn)
5.3.2.1. U.K.
5.3.2.2. Germany
5.3.2.3. Rest of Europe
5.4. Asia Pacific Bariatric Surgery Devices Market Analysis, 2016 – 2026 (US$ Mn)
5.4.1. Asia Pacific Bariatric Surgery Devices Market, by Type, 2016 – 2026 (US$ Mn)
5.4.2. Asia Pacific Bariatric Surgery Devices Market, by Country, 2016 – 2026 (US$ Mn)
5.4.2.1. China
5.4.2.2. Japan
5.4.2.3. Rest of APAC
5.5. Latin America Bariatric Surgery Devices Market Analysis, 2016 – 2026 (US$ Mn)
5.5.1. Latin America Bariatric Surgery Devices Market, by Type, 2016 – 2026 (US$ Mn)
5.5.2. Latin America Bariatric Surgery Devices Market, by Country, 2016 – 2026 (US$ Mn)
5.5.2.1. Brazil
5.5.2.2. Mexico
5.5.2.3. Rest of Latin America
5.6. Middle East & Africa (MEA) Bariatric Surgery Devices Market Analysis, 2016 – 2026 (US$ Mn)
5.6.1. MEA Bariatric Surgery Devices Market, by Type, 2016 – 2026 (US$ Mn)
5.6.2. MEA Bariatric Surgery Devices Market, by Region, 2016 – 2026 (US$ Mn)
5.6.2.1. GCC
5.6.2.2. Rest of MEA

Chapter 6. Company Profiles
6.1. Apollo Endosurgery, Inc.
6.1.1. Business Description
6.1.2. Financial Information (Subject to data availability)
6.1.3. Application Portfolio
6.1.4. Key Developments
6.2. Covidien Plc
6.3. EnteroMedics, Inc.
6.4. Ethicon, Inc.
6.5. Intuitive Surgical, Inc.
6.6. Reach Surgical, Inc.
6.7. Spatz FGIA, Inc.
6.8. TransEnterix, Inc.
6.9. USGI Medical, Inc.

List of Figures

FIG. 1 Bariatric Surgery Devices: Market Segmentation
FIG. 2 Global Bariatric Surgery Devices Market, by Type, 2017 (US$ Mn)
FIG. 3 Global Bariatric Surgery Devices Market, by Geography, 2017 (US$ Mn)
FIG. 4 Attractive Investment Proposition: Global Bariatric Surgery Devices Market, by Geography, 2017
FIG. 5 Competitive Landscape, Bariatric Surgery Devices Market, 2017
FIG. 6 Attractive Investment Proposition: Global Bariatric Surgery Devices Market, by Type, 2017
FIG. 7 Global Adjustable Gastric Bands Market for Bariatric Surgery Devices, 2016 – 2026 (US$ Mn)
FIG. 8 Global Intragastric Balloons Market for Bariatric Surgery Devices, 2016 – 2026 (US$ Mn)
FIG. 9 Global Implantable Gastric Stimulators Market for Bariatric Surgery Devices, 2016 – 2026 (US$ Mn)
FIG. 10 Global Gastric Surgery Clamps Market for Bariatric Surgery Devices, 2016 – 2026 (US$ Mn)
FIG. 11 Global Clip Appliers Market for Bariatric Surgery Devices, 2016 – 2026 (US$ Mn)
FIG. 12 Global Sutures Market for Bariatric Surgery Devices, 2016 – 2026 (US$ Mn)
FIG. 13 Global Surgical Staples and Trocars Market for Bariatric Surgery Devices, 2016 – 2026 (US$ Mn)
FIG. 14 Global Other Bariatric Surgery Devices Market, 2016 – 2026 (US$ Mn)
FIG. 15 U.S. Bariatric Surgery Devices Market, 2016 – 2026 (US$ Mn)
FIG. 16 Canada Bariatric Surgery Devices Market, 2016 – 2026 (US$ Mn)
FIG. 17 U.K. Bariatric Surgery Devices Market, 2016 – 2026 (US$ Mn)
FIG. 18 Germany Bariatric Surgery Devices Market, 2016 – 2026 (US$ Mn)
FIG. 19 Rest of Europe Bariatric Surgery Devices Market, 2016 – 2026 (US$ Mn)
FIG. 20 Japan Bariatric Surgery Devices Market, 2016 – 2026 (US$ Mn)
FIG. 21 China Bariatric Surgery Devices Market, 2016 – 2026 (US$ Mn)
FIG. 22 Rest of Asia Pacific Bariatric Surgery Devices Market, 2016 – 2026 (US$ Mn)
FIG. 23 Brazil Bariatric Surgery Devices Market, 2016 – 2026 (US$ Mn)
FIG. 24 Mexico Bariatric Surgery Devices Market, 2016 – 2026 (US$ Mn)
FIG. 25 Rest of Latin America Bariatric Surgery Devices Market, 2016 – 2026 (US$ Mn)
FIG. 26 GCC Bariatric Surgery Devices Market, 2016 – 2026 (US$ Mn)
FIG. 27 Rest of Middle East and Africa Bariatric Surgery Devices Market, 2016 – 2026 (US$ Mn)

List of Tables

TABLE 1. Global Bariatric Surgery Devices Market Portraiture
TABLE 2. Global Bariatric Surgery Devices Market, by Type, 2016 – 2026 (US$ Mn)
TABLE 3. Global Bariatric Surgery Devices Market, by Geography, 2016 – 2026 (US$ Mn)
TABLE 4. North America Bariatric Surgery Devices Market, by Type, 2016 – 2026 (US$ Mn)
TABLE 5. North America Bariatric Surgery Devices Market, by Country, 2016 – 2026 (US$ Mn)
TABLE 6. Europe Bariatric Surgery Devices Market, by Type, 2016 – 2026 (US$ Mn)
TABLE 7. Europe Bariatric Surgery Devices Market, by Country, 2016 – 2026 (US$ Mn)
TABLE 8. Asia Pacific Bariatric Surgery Devices Market, by Type, 2016 – 2026 (US$ Mn)
TABLE 9. Asia Pacific Bariatric Surgery Devices Market, by Country, 2016 – 2026 (US$ Mn)
TABLE 10. Latin America Bariatric Surgery Devices Market, by Type, 2016 – 2026 (US$ Mn)
TABLE 11. Latin America Bariatric Surgery Devices Market, by Country, 2016 – 2026 (US$ Mn)
TABLE 12. Middle East and Africa Bariatric Surgery Devices Market, by Type, 2016 – 2026 (US$ Mn)
TABLE 13. Middle East and Africa Bariatric Surgery Devices Market, by Region, 2016 – 2026 (US$ Mn)
TABLE 14. Apollo Endosurgery, Inc.: Company Snapshot (Business Description; Financial Information; Device Portfolio; News Coverage)
TABLE 15. Covidien Plc: Company Snapshot (Business Description; Financial Information; Device Portfolio; News Coverage)
TABLE 16. EnteroMedics, Inc.: Company Snapshot (Business Description; Financial Information; Device Portfolio; News Coverage)
TABLE 17. Ethicon, Inc.: Company Snapshot (Business Description; Financial Information; Device Portfolio; News Coverage)
TABLE 18. Intuitive Surgical, Inc.: Company Snapshot (Business Description; Financial Information; Device Portfolio; News Coverage)
TABLE 19. Reach Surgical, Inc.: Company Snapshot (Business Description; Financial Information; Device Portfolio; News Coverage)
TABLE 20. Spatz FGIA, Inc.: Company Snapshot (Business Description; Financial Information; Device Portfolio; News Coverage)
TABLE 21. TransEnterix, Inc.: Company Snapshot (Business Description; Financial Information; Device Portfolio; News Coverage)
TABLE 22. USGI Medical, Inc.: Company Snapshot (Business Description; Financial Information; Device Portfolio; News Coverage)

Frequently Asked Question:

What is the size of Bariatric Surgery Devices Market?

The market for Bariatric Surgery Devices Market is expected to reach USD$ 3,163.5 Mn in 2026.

What is the Bariatric Surgery Devices Market CAGR?

The Bariatric Surgery Devices Market is expected to see significant CAGR growth over the coming years, at 5.1%.

What is the Forecast period considered for Bariatric Surgery Devices Market?

The report is forecasted from 2018 -2026.

What is the base year considered for Bariatric Surgery Devices Market?

The base year of this report is 2017.

Who are the major players in this market?

Apollo Endosurgery, Inc., Covidien Plc, EnteroMedics, Inc., Ethicon, Inc., Intuitive Surgical, Inc., Reach Surgical, Inc. are some of the major players in the global market.

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