Market by Device, Procedure, End-user, and Country Outlook | Forecast 2024-2032
Triton’s research report states that the bariatric surgery market in North America is expected to achieve revenue at 5.55% CAGR in the forecast years 2024-2032.
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The countries analyzed in the studied region include:
•        United States
•        Canada
The bariatric surgery market in North America is witnessing robust growth driven by several factors. Obesity and related comorbidities, such as diabetes, have reached epidemic proportions in this region across all age groups. Sedentary lifestyles, unhealthy dietary habits, and genetic predispositions contribute to this trend. Thus, greater awareness about the health risks associated with obesity drives the adoption of bariatric surgeries.
The United States bariatric surgery market is expanding due to increasing obesity rates, government funding, and research. Obesity affects 39.8% of American adults, driving demand for bariatric surgeries. Gastric bypass is the most preferred operation among type-2 diabetes, whereas sleeve gastrectomy is popular as an effective weight-loss procedure. Due to their lower complication rates, the demand for bariatric surgery is witnessing consistent growth in the US.Â
Similarly, in Canada, obesity affects one in five adults with an increasing risk of chronic diseases like type-2 diabetes and high blood pressure. Recognized as a chronic disease by various organizations, obesity’s prevalence is expected to rise in the coming decades. Thus, Ontario’s bariatric treatment program and other weight management initiatives aim to improve access to surgeries, thereby leading to market growth.Â
An implantable device is placed inside the body during surgery to satisfy functionality demands within a human body. These devices include gastric balloon, gastric band, electrical stimulation device, and gastric emptying. The market segments for bariatric surgery are determined based on end-user, device, and procedure. The device segment is categorized into implantable device and assisting device. Â
The leading market players in the bariatric surgery market are CONMED Corporation, Intuitive Surgical Inc, Mediflex Surgical Products, Olympus Corporation, Apollo Endosurgery Inc, Johnson & Johnson, USGI Medical Inc, B. Braun Melsungen AG, Medtronic Plc, and AbbVie Inc.
CONMED Corporation is a medical technology company engaged in the development, manufacturing, and sale of surgical devices and related equipment. It provides surgical devices and equipment for minimally invasive procedures, which are used in orthopedics, general surgery, gynecology, neurosurgery and gastroenterology. The company’s products are distributed domestically directly to over 6,000 hospitals, surgery centers and other healthcare institutions, as well as through medical specialty distributors. The headquarters are situated in Utica, New York, US.
KEY DELIVERABLES OF THE REPORT:Â
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 North America and its influence on the parent marketÂ
In-depth study of forthcoming trends in consumer behavioral patternsÂ
A meticulous analysis of the competitive landscape and Porter’s Five Forces
A wide-ranging study of factors that will challenge the North America bariatric surgery market’s growth during the upcoming years
1. NORTH
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. NORTH
AMERICA BARIATRIC SURGERY MARKET – BY DEVICE
3.1. ASSISTING
DEVICE
3.2. IMPLANTABLE
DEVICE
4. NORTH
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. NORTH
AMERICA BARIATRIC SURGERY MARKET – BY END-USER
5.1. HOSPITAL
5.2. AMBULATORY
SURGICAL CENTER
5.3. BARIATRIC
SURGERY CLINIC
6. NORTH
AMERICA BARIATRIC SURGERY MARKET – BY COUNTRY OUTLOOK
6.1. NORTH
AMERICA
6.1.1. MARKET
BY DEVICEÂ
6.1.2. MARKET
BY PROCEDURE
6.1.3. MARKET
BY END-USER
6.1.4. COUNTRY
ANALYSIS
6.1.4.1. UNITED
STATES
6.1.4.1.1. UNITED
STATES BARIATRIC SURGERY MARKET FORECAST & PROSPECTS
6.1.4.2. CANADA
6.1.4.2.1. CANADA
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: NORTH AMERICA BARIATRIC SURGERY MARKET, BY COUNTRY OUTLOOK, HISTORICAL
YEARS, 2020-2023 (IN $ MILLION)
TABLE
2: NORTH 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: NORTH AMERICA BARIATRIC SURGERY MARKET, BY DEVICE, 2024-2032 (IN $ MILLION)
TABLE
9: NORTH AMERICA BARIATRIC SURGERY MARKET, BY PROCEDURE, 2024-2032 (IN $
MILLION)
TABLE
10: NORTH AMERICA BARIATRIC SURGERY MARKET, BY END-USER, 2024-2032 (IN $
MILLION)
TABLE
11: NORTH AMERICA BARIATRIC SURGERY MARKET, BY COUNTRY OUTLOOK, HISTORICAL
YEARS, 2020-2023 (IN $ MILLION)
TABLE
12: NORTH 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: NORTH AMERICA BARIATRIC SURGERY MARKET, BY DEVICE, 2023 & 2032 (IN %)
FIGURE
4: NORTH AMERICA BARIATRIC SURGERY MARKET, BY ASSISTING DEVICE, 2024-2032 (IN $
MILLION)
FIGURE
5: NORTH AMERICA BARIATRIC SURGERY MARKET, BY IMPLANTABLE DEVICE, 2024-2032 (IN
$ MILLION)
FIGURE
6: NORTH AMERICA BARIATRIC SURGERY MARKET, BY PROCEDURE, 2023 & 2032 (IN %)
FIGURE
7: NORTH AMERICA BARIATRIC SURGERY MARKET, BY GASTRIC SLEEVE SURGERY, 2024-2032
(IN $ MILLION)
FIGURE
8: NORTH AMERICA BARIATRIC SURGERY MARKET, BY BILIOPANCREATIC DIVERSION WITH
DUODENAL SWITCH, 2024-2032 (IN $ MILLION)
FIGURE
9: NORTH AMERICA BARIATRIC SURGERY MARKET, BY ADJUSTABLE GASTRIC BAND,
2024-2032 (IN $ MILLION)
FIGURE
10: NORTH AMERICA BARIATRIC SURGERY MARKET, BY GASTRIC BYPASS, 2024-2032 (IN $
MILLION)
FIGURE
11: NORTH AMERICA BARIATRIC SURGERY MARKET, BY END-USER, 2023 & 2032 (IN %)
FIGURE
12: NORTH AMERICA BARIATRIC SURGERY MARKET, BY HOSPITAL, 2024-2032 (IN $
MILLION)
FIGURE
13: NORTH AMERICA BARIATRIC SURGERY MARKET, BY AMBULATORY SURGICAL CENTER,
2024-2032 (IN $ MILLION)
FIGURE
14: NORTH AMERICA BARIATRIC SURGERY MARKET, BY BARIATRIC SURGERY CLINIC,
2024-2032 (IN $ MILLION)
FIGURE
15: NORTH AMERICA BARIATRIC SURGERY MARKET, BY COUNTRY OUTLOOK, 2023 & 2032
(IN %)
FIGURE
16: UNITED STATES BARIATRIC SURGERY MARKET 2024-2032 (IN $ MILLION)
FIGURE
17: CANADA BARIATRIC SURGERY MARKET 2024-2032 (IN $ MILLION)