According to the estimations put forth by Inkwood Research, the Global Bariatric Surgery Market is predicted to register a CAGR of 5.65% in terms of revenue during the forecasting years 2024-2032.
“Browse 47 Market Data Tables and 43 Figures spread over 219 Pages, along with an in-depth TOC on the Global Bariatric Surgery Market Forecast 2024-2032.”
Bariatric surgery, which includes procedures like gastric bypass, sleeve gastrectomy, and gastric banding, offers substantial weight loss and improvements in obesity-related comorbidities such as type 2 diabetes and cardiovascular diseases. The global bariatric surgery market is experiencing significant growth, driven by increasing obesity rates worldwide and the rising demand for effective weight management solutions.
Government Initiatives Propel Market Growth
Governments worldwide are increasingly recognizing the urgency of combating obesity, a condition linked to numerous health risks and rising healthcare costs. Consequently, they are rolling out comprehensive strategies to promote bariatric surgery as a viable solution. These initiatives encompass various facets, including public awareness campaigns, subsidies for bariatric procedures, and policy reforms to streamline access to treatment.Â
Further, governments are investing in educational programs to inform the public about the benefits of bariatric surgery in managing obesity and its related comorbidities. By destigmatizing the procedure and emphasizing its effectiveness in improving health outcomes, these campaigns aim to encourage more individuals to consider surgical intervention as a viable option.Â
For instance, the National Health Service (NHS) in the United Kingdom provides bariatric surgery services as part of its comprehensive healthcare coverage. Whereas the Mexican government launched a comprehensive national strategy to address the obesity epidemic, which includes promoting bariatric surgery as a treatment option for severe obesity. Similarly, Australia’s MBS provides reimbursement for eligible bariatric surgery procedures, including gastric bypass and sleeve gastrectomy, for patients meeting specific criteria related to obesity severity and comorbidities.
Assisting Device: Largest Revenue-Generating Device
Assisting devices play a vital role in supporting bariatric surgeons during procedures, encompassing a variety of tools and technologies such as laparoscopic instruments, stapling devices, energy devices, and visualization systems. These devices have undergone significant advancements, leading to the adoption of minimally invasive techniques, which in turn result in reduced surgical complications and improved patient outcomes.
One key trend in the market is the increasing preference for minimally invasive bariatric surgeries, largely due to the advancements in assisting devices. These procedures offer benefits such as shorter recovery times, decreased hospital stays, and higher levels of patient satisfaction. Furthermore, there is a continuous drive for technological innovations among assisting device manufacturers. They are constantly striving to develop tools that are more precise, efficient, and ergonomic.Â
Asia-Pacific: Dominating Geography
The Asia-Pacific region is witnessing a surge in obesity rates driven by sedentary lifestyles, poor dietary habits, and genetic factors. This burgeoning epidemic has led to a growing awareness of the adverse health effects associated with obesity. Consequently, individuals are increasingly considering bariatric surgery as a solution to their weight-related issues. Moreover, countries like India, Thailand, and Singapore have emerged as popular destinations for medical tourism, offering high-quality bariatric surgery services at competitive prices.Â
Some of the leading companies in the global bariatric surgery market are Olympus Corporation, Apollo Endosurgery Inc, Medtronic PLC, Intuitive Surgical Inc, etc.
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