Market by Device, Procedure, End-user, and Country Outlook | Forecast 2024-2032
Triton’s research report estimates that the Latin American bariatric surgery market is set to rise at 4.97% CAGR during the forecast period 2024-2032.
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The countries examined in the studied region include:
• Brazil
• Mexico
• Rest of Latin America
The obesity prevalence in Latin America has reached alarming levels, with over 60% of the population classified as overweight or obese. This surge in obesity-related health concerns is raising awareness about the effectiveness of bariatric surgery in managing weight and related comorbidities. Additionally, advancements in surgical techniques and a growing number of healthcare facilities offering bariatric services are further contributing to market expansion in this region.
Mexico experiences a significant rise in adult obesity rates, with millions affected. Hence, to effectively manage weight loss, bariatric surgery is increasingly preferred as a cost-effective procedure offering quality treatment. Other surgeries like gastric bypass and sleeve, offered at notably lower prices in the country, also influence the market growth for bariatric surgery.
The rest of Latin American countries, including Chile, Colombia, Paraguay, Peru, and Venezuela, also face significant obesity challenges. Moreover, Chile ranks second highest in obesity among OECD nations, with a substantial increase in the obese population aged over 15. This surge in obesity rates is driving the demand for bariatric surgery across this region, highlighting the scope of the market.
Adjustable gastric band is a type of weight loss surgery wherein a surgeon places a silicone band across the upper area of the stomach. This creates a small pouch, which allows the surgeon to restrict food intake and optimize weight loss. The segments of the studied market include procedure, device, and end-user. The procedure segment comprises an adjustable gastric band, gastric sleeve surgery, gastric bypass, and biliopancreatic diversion with a duodenal switch.
The leading enterprises in the bariatric surgery market are Medtronic Plc, CONMED Corporation, Apollo Endosurgery Inc, Intuitive Surgical Inc, USGI Medical Inc, Mediflex Surgical Products, Johnson & Johnson, Olympus Corporation, B. Braun Melsungen AG, and AbbVie Inc.
Medtronic Plc is a medical technology, services and solutions company operating in four segments: Cardiac and Vascular Group, Minimally Invasive Therapies Group, Restorative Therapies Group and Diabetes Group. Its Minimally Invasive Therapies Group segment includes surgical solutions, patient monitoring, and recovery, whereas the Diabetes Group segment includes intensive, non-intensive diabetes therapies, diabetes services and solutions, and insulin management. The company headquarters are in Minneapolis, Minnesota, US.
KEY DELIVERABLES OF THE REPORT:
Market CAGR during the forecasting years 2024-2032
Detailed data highlighting key insights, industry components, and market strategies
Comprehensive information and estimation of the bariatric surgery market revenue growth in Latin America and its influence on the parent market
In-depth study of forthcoming trends in consumer behavioral patterns
A meticulous analysis of the competitive landscape and Porter’s Five Forces
A wide-ranging study of factors that will challenge the Latin America bariatric surgery market’s growth during the upcoming years
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VIEW REPORT1. LATIN
AMERICA BARIATRIC SURGERY MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. PORTER’S
FIVE FORCES ANALYSIS
2.1.1. THREAT
OF NEW ENTRANTS
2.1.2. THREAT
OF SUBSTITUTES
2.1.3. BARGAINING
POWER OF BUYERS
2.1.4. BARGAINING
POWER OF SUPPLIERS
2.1.5. THREAT
OF COMPETITIVE RIVALRY
2.2. MARKET
MATURITY ANALYSIS
2.3. REGULATORY
FRAMEWORK
2.4. KEY BUYING
IMPACT ANALYSIS
2.4.1. SURGICAL
EFFICACY AND OUTCOMES
2.4.2. INNOVATIVE
PROCEDURAL TECHNIQUES
2.4.3. SURGEON
PROFICIENCY AND EXPERTISE
2.4.4. COMPLIANCE
WITH MEDICAL GUIDELINES AND SAFETY STANDARDS
2.5. KEY
MARKET STRATEGIES
2.5.1. COLLABORATIONS
2.5.2. PRODUCT
LAUNCHES
2.5.3. ACQUISITIONS
2.5.4. BUSINESS
DIVESTITURES & EXPANSIONS
2.6. MARKET
DRIVERS
2.6.1. MORE
ACCESSIBLE AND AFFORDABLE BARIATRIC PROCEDURES
2.6.2. INCREASING
OBESITY RATES AND HEALTH RISKS
2.6.3. SAFER
AND LESS INVASIVE PROCEDURES DUE TO TECHNOLOGICAL ADVANCEMENTS
2.6.4. GROWING
TREND OF MEDICAL TOURISM
2.7. MARKET
CHALLENGES
2.7.1. LIMITED
INSURANCE COVERAGE IN CERTAIN HEALTHCARE MARKETS
2.7.2. COMPLICATIONS
AND MORTALITY RISKS NECESSITATE INTENSIVE FOLLOW-UP CARE
2.7.3. SHORTAGE
OF SKILLED BARIATRIC SURGEONS
2.8. MARKET
OPPORTUNITIES
2.8.1. SHIFT
TO LAPAROSCOPIC PROCEDURES OVER OPEN SURGERIES
2.8.2. USE OF
PREOPERATIVE 3D MODELING FOR PRECISE PLANNING
2.8.3. ADVANCEMENTS
IN GASTROINTESTINAL SUTURE DEVICES
2.9. ANALYST
PERSPECTIVE
3. LATIN
AMERICA BARIATRIC SURGERY MARKET – BY DEVICE
3.1. ASSISTING
DEVICE
3.2. IMPLANTABLE
DEVICE
4. LATIN
AMERICA BARIATRIC SURGERY MARKET – BY PROCEDURE
4.1. GASTRIC
SLEEVE SURGERY
4.2. BILIOPANCREATIC
DIVERSION WITH DUODENAL SWITCH
4.3. ADJUSTABLE
GASTRIC BAND
4.4. GASTRIC
BYPASS
5. LATIN
AMERICA BARIATRIC SURGERY MARKET – BY END-USER
5.1. HOSPITAL
5.2. AMBULATORY
SURGICAL CENTER
5.3. BARIATRIC
SURGERY CLINIC
6. LATIN
AMERICA BARIATRIC SURGERY MARKET – BY COUNTRY
OUTLOOK
6.1. LATIN
AMERICA
6.1.1. MARKET
BY DEVICE
6.1.2. MARKET
BY PROCEDURE
6.1.3. MARKET
BY END-USER
6.1.4. COUNTRY
ANALYSIS
6.1.4.1. BRAZIL
6.1.4.1.1. BRAZIL
BARIATRIC SURGERY MARKET FORECAST & PROSPECTS
6.1.4.2. MEXICO
6.1.4.2.1. MEXICO
BARIATRIC SURGERY MARKET FORECAST & PROSPECTS
6.1.4.3. REST
OF LATIN AMERICA
6.1.4.3.1. REST
OF LATIN AMERICA BARIATRIC SURGERY MARKET FORECAST & PROSPECTS
7. COMPETITIVE
LANDSCAPE
7.1. JOHNSON
& JOHNSON
7.1.1. OVERVIEW
7.1.2. PRODUCT
PORTFOLIO
7.1.3. KEY
STRENGTH
7.1.4. KEY
CHALLENGE
7.2. APOLLO
ENDOSURGERY INC.
7.2.1. OVERVIEW
7.2.2. PRODUCT
PORTFOLIO
7.2.3. KEY
STRENGTHS
7.2.4. KEY
CHALLENGE
7.3. OLYMPUS
CORPORATION
7.3.1. OVERVIEW
7.3.2. PRODUCT
PORTFOLIO
7.3.3. KEY
STRENGTH
7.3.4. KEY CHALLENGE
7.4. INTUITIVE
SURGICAL INC
7.4.1. OVERVIEW
7.4.2. PRODUCT
PORTFOLIO
7.4.3. KEY
STRENGTHS
7.4.4. KEY
CHALLENGE
7.5. B.
BRAUN MELSUNGEN AG
7.5.1. OVERVIEW
7.5.2. PRODUCT
PORTFOLIO
7.5.3. KEY
STRENGTHS
7.5.4. KEY
CHALLENGES
7.6. MEDTRONIC
PLC
7.6.1. OVERVIEW
7.6.2. PRODUCT
PORTFOLIO
7.6.3. KEY
STRENGTHS
7.6.4. KEY
CHALLENGE
7.7. ABBVIE
INC
7.7.1. OVERVIEW
7.7.2. PRODUCT
PORTFOLIO
7.7.3. KEY
STRENGTHS
7.7.4. KEY
CHALLENGE
7.8. MEDIFLEX
SURGICAL PRODUCTS
7.8.1. OVERVIEW
7.8.2. PRODUCT
PORTFOLIO
7.8.3. KEY
STRENGTHS
7.8.4. KEY
CHALLENGES
7.9. CONMED
CORPORATION
7.9.1. OVERVIEW
7.9.2. PRODUCT
PORTFOLIO
7.9.3. KEY
STRENGTHS
7.9.4. KEY
CHALLENGES
7.10. USGI
MEDICAL INC
7.10.1. OVERVIEW
7.10.2. PRODUCT
PORTFOLIO
7.10.3. KEY STRENGTHS
7.10.4. KEY
CHALLENGES
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE
1: LATIN AMERICA BARIATRIC SURGERY MARKET, BY COUNTRY OUTLOOK, HISTORICAL
YEARS, 2020-2023 (IN $ MILLION)
TABLE
2: LATIN AMERICA BARIATRIC SURGERY MARKET, BY COUNTRY OUTLOOK, FORECAST YEARS,
2024-2032 (IN $ MILLION)
TABLE
3: REGULATORY FRAMEWORK
TABLE
4: LIST OF COLLABORATIONS
TABLE
5: LIST OF PRODUCT LAUNCHES
TABLE
6: LIST OF ACQUISITIONS
TABLE
7: LIST OF BUSINESS DIVESTITURES & EXPANSIONS
TABLE
8: LATIN AMERICA BARIATRIC SURGERY MARKET, BY DEVICE, 2024-2032 (IN $ MILLION)
TABLE
9: LATIN AMERICA BARIATRIC SURGERY MARKET, BY PROCEDURE, 2024-2032 (IN $
MILLION)
TABLE
10: LATIN AMERICA BARIATRIC SURGERY MARKET, BY END-USER, 2024-2032 (IN $
MILLION)
TABLE
11: LATIN AMERICA BARIATRIC SURGERY MARKET, BY COUNTRY OUTLOOK, HISTORICAL
YEARS, 2020-2023 (IN $ MILLION)
TABLE 12: LATIN AMERICA BARIATRIC SURGERY MARKET, BY
COUNTRY OUTLOOK, FORECAST YEARS, 2024-2032 (IN $ MILLION)
FIGURE
1: MARKET MATURITY ANALYSIS
FIGURE
2: KEY BUYING IMPACT ANALYSIS
FIGURE
3: LATIN AMERICA BARIATRIC SURGERY MARKET, BY DEVICE, 2023 & 2032 (IN %)
FIGURE
4: LATIN AMERICA BARIATRIC SURGERY MARKET, BY ASSISTING DEVICE, 2024-2032 (IN $
MILLION)
FIGURE
5: LATIN AMERICA BARIATRIC SURGERY MARKET, BY IMPLANTABLE DEVICE, 2024-2032 (IN
$ MILLION)
FIGURE
6: LATIN AMERICA BARIATRIC SURGERY MARKET, BY PROCEDURE, 2023 & 2032 (IN %)
FIGURE
7: LATIN AMERICA BARIATRIC SURGERY MARKET, BY GASTRIC SLEEVE SURGERY, 2024-2032
(IN $ MILLION)
FIGURE
8: LATIN AMERICA BARIATRIC SURGERY MARKET, BY BILIOPANCREATIC DIVERSION WITH
DUODENAL SWITCH, 2024-2032 (IN $ MILLION)
FIGURE
9: LATIN AMERICA BARIATRIC SURGERY MARKET, BY ADJUSTABLE GASTRIC BAND,
2024-2032 (IN $ MILLION)
FIGURE
10: LATIN AMERICA BARIATRIC SURGERY MARKET, BY GASTRIC BYPASS, 2024-2032 (IN $
MILLION)
FIGURE
11: LATIN AMERICA BARIATRIC SURGERY MARKET, BY END-USER, 2023 & 2032 (IN %)
FIGURE
12: LATIN AMERICA BARIATRIC SURGERY MARKET, BY HOSPITAL, 2024-2032 (IN $
MILLION)
FIGURE
13: LATIN AMERICA BARIATRIC SURGERY MARKET, BY AMBULATORY SURGICAL CENTER,
2024-2032 (IN $ MILLION)
FIGURE
14: LATIN AMERICA BARIATRIC SURGERY MARKET, BY BARIATRIC SURGERY CLINIC,
2024-2032 (IN $ MILLION)
FIGURE
15: LATIN AMERICA BARIATRIC SURGERY MARKET, BY COUNTRY OUTLOOK, 2023 & 2032
(IN %)
FIGURE
16: BRAZIL BARIATRIC SURGERY MARKET 2024-2032 (IN $ MILLION)
FIGURE
17: MEXICO BARIATRIC SURGERY MARKET 2024-2032 (IN $ MILLION)
FIGURE
18: REST OF LATIN AMERICA BARIATRIC SURGERY MARKET 2024-2032 (IN $ MILLION)