As per the triton market research, the Global Bariatric Surgery Market report is segmented by Device (Assisting Device, Implantable Device), Procedure (Gastric Sleeve Surgery, Biliopancreatic Diversion With Duodenal Switch, Adjustable Gastric Band, Gastric Bypass), End-User (Hospital, Ambulatory Surgical Center, Bariatric Surgery Clinic), and Regional Outlook (Asia-Pacific, North America, Europe, Middle East And Africa, and Latin America).
The report highlights the Market Summary, Industry Outlook, Porter’s Five Forces Analysis, Market Attractiveness Index, Regulatory Framework, Key Market Strategies, Market Drivers, Challenges, Opportunities, Competitive Landscape, Research Methodology and scope, Global Market Size, Forecasts & Analysis (2024-2032).
As per Triton’s report analysis, the global market for bariatric surgery is expected to advance with a CAGR of 5.43% in revenue over the forecasting years 2024-2032.
Bariatric surgery is a medical procedure aimed at addressing severe obesity. These surgeries modify the gastrointestinal system and induce a feeling of fullness which reduces the capacity for food intake, leading to long-term weight loss.
Advancements in surgical techniques and medical equipment have facilitated less invasive bariatric surgery procedures. Utilizing laparoscopic approaches with small incisions and miniature tools reduces the risks, trauma, and recovery periods associated with open surgery. Additionally, intragastric balloons aid in weight loss before surgery. Such improvements fuel the market growth for bariatric surgery.
Differences in insurance coverage present challenges for the bariatric surgery market. Coverage varies worldwide, with some national or private plans excluding it altogether. High out-of-pocket expenses pose a significant barrier for many individuals. This limited coverage adversely affects surgery rates and exacerbates health disparities.
The Asia-Pacific bariatric surgery market is expected to witness the fastest growth during the forecast period. Rising obesity rates and a surge in metabolic disorders throughout the region fuel this growth. Similarly, increased healthcare spending and heightened awareness of the advantages of bariatric procedures are key drivers behind the expansion of the studied market.
The prominent entities in the bariatric surgery market are Johnson & Johnson, B. Braun Melsungen AG, Apollo Endosurgery Inc, Olympus Corporation, Medtronic Plc, Intuitive Surgical Inc, AbbVie Inc, Mediflex Surgical Products, USGI Medical Inc, and CONMED Corporation.
Additionally, laparoscopic procedures are preferred as they utilize small incisions with camera assistance and miniaturized instruments. This approach has less blood loss, lower complication risks, and faster recovery of patients.
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