Bariatric Surgery Devices Market Expected to Rise at a CAGR of 6.2% Over The Forecast Period 2022-2032
The bariatric surgery devices market is growing at a moderate pace with a CAGR of 6.2% during the forecast period 2022-2032.
The increased preference for less-invasive bariatric procedures as a way to non-invasive weight loss has resulted in a significant increase in demand for bariatric surgical equipment.
Furthermore, increased expenditure on weight loss surgery has boosted individual sales of bariatric surgery equipment. Regional government initiatives are also having an impact on the growth of the bariatric surgery device market.
The rise in demand for minimally invasive surgeries (MIS) as a weight loss option around the world is one of the key factors projected to accelerate the growth and demand for bariatric surgery devices.
Additionally, the rapid rise in the obese population and the increase in the number of bariatric procedures are likely to contribute to the bariatric surgery devices market’s growth.
The medical equipment industry saw a significant drop in sales of bariatric surgical devices as a result of the spread of COVID-19 infection, especially in the early months of the pandemic.
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What are the Key Factors Impacting the Bariatric Surgery Devices Market Growth?
The high occurrence of obesity cases is regarded as the primary driver of the bariatric surgery devices market.
The growing awareness among the obsess population is expected to fuel the demand for bariatric surgery devices.
Apart from that, the other factors driving the growth of the bariatric surgery devices market include,
- Availability of surgeons specialised in bariatric surgical techniques
Since bariatric surgeries are gaining demand, the existing as well as the new medical surgeons are developing and qualifying their surgical skills accordingly. As a result, the demand for bariatric surgery equipment is experience a positive impact.
- Prevention of weight-related risks
Incidence of diabetes, hypertension, gastric reflux disorders and blood pressure complications are at a higher-risks among obese patients. As the surgeries intend on preventing occurrence of such diseases, the demand for bariatric surgery devices has surged extensively.
- Less-incisive methods
Bariatric surgeries such as the mini sleeve gastrectomy require lower incision, which helps the patients adopt the surgeries without apprehension. This results more consumption of bariatric surgery devices by hospitals and weight-loss clinics.
However, the implications arriving post-surgery are posing to be the major challenge in living with bariatric surgery thereby hampering the bariatric surgery devices market.
Since the surgical procedures are operated on the stomach and the intestines of the patient, there is a high risk of acquiring infections.
Gastrointestinal ulcers, internal bleeding, small bowel obstruction, gastric band slippage, and hernias are some of the common implications that lower the use of bariatric surgery devices.
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