BARIATRIC SURGERY DEVICES MARKET ANALYSIS

Bariatric Surgery Devices MarketSize and Trends

Global Bariatric Surgery Devices Market: Dynamics

The primary growth driver of the global bariatric surgery devices market include high prevalence of obesity. According to the World Health Organization (WHO), in 2020, around 39 million children under the age of 5 were overweight or obese, globally. For instance, according to the Centers for Disease Control and Prevention (CDC), during 2017-2018, the global prevalence of obesity was 42.4%, which increased from 30.5% during 1999-2000. It also stated that the global prevalence of severe obesity increased from 4.7% during 1999-2000 to 9.2% during 2017-2018.

Moreover, according to the World Health Organization, in 2019, an estimated 38.2 million children under the age of 5 years were overweight or obese worldwide. According to the same source, in 2016, there were around 2 billion adults overweight globally, of those 650 million are considered to be affected by obesity (BMI ≥30 kg/m²). It corresponded to 39% (39% of men and 40% of women) of adults aged 18 or over who were overweight, with 13% obese. The worldwide prevalence of obesity nearly tripled between 1975 and 2016.

Furthermore, regional governments in developed countries such as U.S, U.K., China, and others are expected to boost the market growth by expanding reimbursement coverage and sponsoring bariatric surgery. For instance, intragastric balloons were added to the list of recommended equipment for bariatric surgeries by the American Society for Metabolic and Bariatric Surgery (ASMBS) in February 2018. Three similar devices were approved in Europe, and the U.S. Food and Drug Administration (FDA) approved them in the U.S. in 2015-16. These approvals and recommendations are expected to significantly fuel market growth.

In addition, an increase in the number of bariatric surgeries is also expected to drive the global bariatric surgery devices market growth over the forecast period. For instance, according to the data published by the American Society of Metabolic and Bariatric Surgery in 2021, the estimated number of bariatric surgeries performed in the U.S. from 2011 to 2019 was around 158,000 surgeries in 2011, which increased to 256,000 surgeries in 2019.