Portland, OR, April 04, 2023 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global Bariatric Surgeries Market was estimated at $1.64 billion in 2021 and is expected to hit $3.11 billion by 2031, registering a CAGR of 6.6% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
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Report coverage & details:
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $1.64 Billion |
| Market Size in 2031 | $3.11 Billion |
| CAGR | 6.6% |
| No. of Pages in Report | 299 |
| Segments Covered | Device, Procedure, End User, and Region. |
| Drivers | Rise in obese population |
| Increase in demand for weight loss surgeries | |
| Increasing focus on health and wellness | |
| Restraints | High treatment cost |
| Opportunities | Rise in awareness about bariatric surgery |
Covid-19 scenario-
- Due to the pandemic, the bariatric surgeries market faced challenges such as postponement or cancellation of surgeries. Several financial constraints for healthcare providers also posed a threat.
- However, there has been a noticeable rise in demand for effective weight loss procedures as more people have started addressing their weight-related health concerns post-pandemic.
The report comprehensively analyzes the global bariatric surgeries market, covering its various segments such as Device, Procedure, End User, and Region. The report presents the analysis of each segment and sub-segment through tabular and graphical representation. This analysis can be useful for investors and market players to identify the highest revenue-generating and fastest-growing segments, allowing them to devise effective strategies.
By device, the assisting devices segment contributed to around half of the global bariatric surgeries market share in 2021, and would display the fastest CAGR of 7.1% throughout the forecast period. The implantable devices and others segments are also discussed in the report.
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By procedure, the sleeve gastrectomy segment accounted for the highest share in 2021, generating nearly three-fifths of the global bariatric surgeries revenue. The gastric bypass segment, on the other hand, would portray the fastest CAGR of 7.7% during the forecast period.
By end-user, the hospitals segment garnered the highest share in 2021, accounting for more than three-fourths of the global bariatric surgeries market revenue. The same segment would also cite the fastest CAGR of 7.0% from 2022 to 2031.
By region, North America held the major share in 2021, garnering more than two-fifths of the global bariatric surgeries market revenue. Asia-Pacific, simultaneously, would showcase the fastest CAGR of 8.8% from 2022 to 2031. The other provinces studied through the report include Europe and LAMEA.
The key market players analyzed in the global bariatric surgeries market report include B Braun Melsungen AG, Cousin Surgery, Johnson & Johnson, Olympus Corporation, Richard Wolf GmbH, SPATZ FIGA, Inc., Asenus Surgical US, Inc., USGI Medical, Inc., and Teleflex Incorporated. These market players have embraced several strategies including product launch, product approval, acquisition, and agreement to highlight their prowess in the industry. The report is helpful in formulating the business performance and developments by the top players.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
