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NORTH AMERICA BARIATRIC SURGERY MARKET FORECAST 2024-2032

SCOPE OF THE REPORT

North America Bariatric Surgery Market by Device (Assisting Devices, Implantable Devices) Market by Procedure (Gastric Sleeve Surgery, Biliopancreatic Diversion With Duodenal Switch, Adjustable Gastric Band, Gastric Bypass) Market by End-user (Hospitals, Ambulatory Surgical Centers, Bariatric Surgery Clinics) by Geography

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MARKET OVERVIEW

The North America bariatric surgery market is estimated to register a CAGR of 5.72% during the forecast period, 2024-2032, and is predicted to reach a revenue of $xx million by 2032.

The bariatric surgery market growth in North America is accredited to the soaring incidence of obesity and Type 2 diabetes in the region. 

The North America bariatric surgery market growth assessment includes the evaluation of the United States and Canada. An article published by PubMed Central in March 2022 highlighted a study conducted in North America, revealing a 12.1% reduction in total bariatric surgery cases and a 13.8% reduction in cases per center. This underscores the significant impact of the COVID-19 pandemic on the market initially. However, with the pandemic subsiding, bariatric surgery procedures are returning to normal, suggesting stable growth in the studied market during the forecast period.

North America Bariatric Surgery Market

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Various factors are poised to drive market growth, including the rising number of obese patients, the high prevalence of type-2 diabetes and heart diseases, and increasing public awareness about bariatric surgery, coupled with government initiatives to address obesity. The surge in obesity prevalence is particularly pivotal as bariatric surgery is predominantly performed on obese patients.

In the United States, the escalating prevalence of obesity among the population is anticipated to propel the bariatric surgery market forward. Additionally, the presence of well-established healthcare infrastructure, combined with a multitude of market players in the country, is expected to further bolster market growth throughout the forecast period.

The North America bariatric surgery market segmentation includes device, end-user, and procedure. The device segment includes implantable devices and assisting devices. 

Electrical stimulation devices have been designated as humanitarian use devices (HUD) by the FDA in the United States. In accordance with the US FDA, a humanitarian use device is defined as a medical device intended for the treatment or diagnosis of a disease or condition that affects or manifests in fewer than 8,000 individuals in the United States per year. The approval process for these devices entails thorough evaluation, primarily focused on ensuring their safety and potential benefits. Additionally, their utilization is contingent upon approval by the institutional review board of the medical center where they are employed.

These devices are utilized to stimulate the external surface of the stomach, thereby modifying the enteric nervous system, with the aim of inducing a sense of satiety or fullness. However, it is worth noting that this approach is considered to be less efficacious than other forms of bariatric surgery and is typically not recommended for patients with a Body Mass Index (BMI) exceeding 30. Furthermore, since these devices are battery-operated, they necessitate replacement every 2-3 years.

Some of the eminent companies in the North America bariatric surgery market include Mediflex Surgical Procedures, Allergan Inc, B. Braun Melsungen AG, ConMed Corporation, etc.

ConMed Corporation, a leading medical technology company, specializes in the development, manufacturing, and global distribution of surgical devices and related equipment. Their portfolio caters to minimally invasive procedures and is utilized by surgeons and physicians across various specialties such as orthopedics, general surgery, gynecology, neurosurgery, and gastroenterology. 

The company’s product lines encompass orthopedic surgery, general surgery, and surgical smoke evacuation products. Their orthopedic surgery offerings include sports medicine, powered surgical instruments, sports biologics, and tissue products marketed under distinguished brands like Hall, CONMED Linvatec, Concept, and Shutt. ConMed Corporation is headquartered in Largo, Florida, the United States.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2024-2032
Base Year2023
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million)
Segments Analyzed
Device, Procedure, and End-User
Countries AnalyzedThe United States and Canada
Companies AnalyzedUSGI Medical Inc, Johnson & Johnson, Apollo Endosurgery Inc, Olympus Corporation, Medtronic PLC, Intuitive Surgical Inc, Allergan Inc, B. Braun Melsungen AG, ConMed Corporation, Mediflex Surgical Procedures, GI Dynamics Inc, Asensus Surgical US Inc, Cousin Surgery, Spatz Figa Inc, Abbott Laboratories, Richard Wolf GmbH
TABLE OF CONTENTS
  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
      1. IMPACT ANALYSIS OF COVID-19 
    5. MAJOR MARKET FINDINGS
      1. INCREASING PREVALENCE OF OBESITY 
      2. GROWING ADOPTION OF MINIMALLY INVASIVE PROCEDURES DUE TO SHORTER HOSPITAL STAYS
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. INCREASING AVAILABILITY AND AFFORDABILITY OF BARIATRIC PROCEDURES
      2. RISING RATES OF OBESITY AND ASSOCIATED HEALTH RISKS PROPEL DEMAND FOR WEIGHT LOSS PROCEDURES
      3. TECHNOLOGICAL ADVANCES ENABLE SAFER AND LESS INVASIVE PROCEDURES
    2. KEY RESTRAINTS
      1. COMPLICATIONS AND MORTALITY RISKS REQUIRING INTENSIVE FOLLOW-UP CARE
      2. LIMITED INSURANCE COVERAGE IN SOME HEALTHCARE MARKETS
      3. SHORTAGE OF SKILLED BARIATRIC SURGEONS LIMITS PROCEDURE AVAILABILITY
  4. KEY ANALYTICS
    1. KEY TECHNOLOGY TRENDS
      1. SHIFT TOWARDS LESS INVASIVE LAPAROSCOPIC PROCEDURES OVER OPEN SURGERIES
      2. DEVELOPMENT OF GASTROINTESTINAL SUTURE DEVICES FOR IMPROVED TISSUE APPROXIMATION
      3. USE OF PREOPERATIVE 3D MODELING TO PLAN PROCEDURES MORE PRECISELY
    2. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. GROWTH PROSPECT MAPPING FOR UNITED STATES
    4. MARKET MATURITY ANALYSIS
    5. MARKET CONCENTRATION ANALYSIS
    6. VALUE CHAIN ANALYSIS
      1. SUPPLY CHAIN MANAGEMENT AND INTEGRATION
      2. DISTRIBUTION STRATEGIES AND RETAIL NETWORKS
      3. TECHNOLOGICAL ADVANCEMENTS AND RESEARCH & DEVELOPMENT
      4. POST-OPERATIVE CARE AND PATIENT SUPPORT
    7. KEY PROCURING FACTORS
      1. SURGICAL EFFICACY AND OUTCOMES
      2. INNOVATIVE PROCEDURAL TECHNIQUES
      3. SURGEON PROFICIENCY AND EXPERTISE
      4. COMPLIANCE WITH MEDICAL GUIDELINES AND SAFETY STANDARDS
  5. MARKET BY DEVICE 
    1. ASSISTING DEVICES
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. IMPLANTABLE DEVICES
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  6. MARKET BY PROCEDURE
    1. GASTRIC SLEEVE SURGERY
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. BILIOPANCREATIC DIVERSION WITH DUODENAL SWITCH
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. ADJUSTABLE GASTRIC BAND
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. GASTRIC BYPASS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  7. MARKET BY END-USER
    1. HOSPITALS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. AMBULATORY SURGICAL CENTERS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. BARIATRIC SURGERY CLINICS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  8. GEOGRAPHICAL ANALYSIS
    1. NORTH AMERICA
      1. MARKET SIZE & ESTIMATES
      2. NORTH AMERICA BARIATRIC SURGERY MARKET DRIVERS
      3. NORTH AMERICA BARIATRIC SURGERY MARKET CHALLENGES
      4. NORTH AMERICA BARIATRIC SURGERY MARKET REGULATORY FRAMEWORK
      5. KEY PLAYERS IN NORTH AMERICA BARIATRIC SURGERY MARKET
      6. COUNTRY ANALYSIS
        1. UNITED STATES
          1. UNITED STATES BARIATRIC SURGERY MARKET SIZE & OPPORTUNITIES
        2. CANADA
          1. CANADA BARIATRIC SURGERY MARKET SIZE & OPPORTUNITIES
  9. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIP & AGREEMENTS
      4. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. USGI MEDICAL INC
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      2. JOHNSON & JOHNSON
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      3. APOLLO ENDOSURGERY INC
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      4. OLYMPUS CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      5. MEDTRONIC PLC
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      6. INTUITIVE SURGICAL INC
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      7. ALLERGAN INC.
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      8. B. BRAUN MELSUNGEN AG
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES
      9. CONMED CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      10. MEDIFLEX SURGICAL PROCEDURES
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES
      11. GI DYNAMICS INC
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      12. ASENSUS SURGICAL US INC
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES
      13. COUSIN SURGERY
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      14. SPATZ FIGA INC
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      15. ABBOTT LABORATORIES
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      16. RICHARD WOLF GMBH
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES

LIST OF TABLES

TABLE 1: NORTH AMERICA MARKET SNAPSHOT – BARIATRIC SURGERY MARKET 

TABLE 2: NORTH AMERICA BARIATRIC SURGERY MARKET REGULATORY FRAMEWORK

TABLE 3: NORTH AMERICA BARIATRIC SURGERY MARKET, BY DEVICE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 4: NORTH AMERICA BARIATRIC SURGERY MARKET, BY DEVICE, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 5: NORTH AMERICA BARIATRIC SURGERY MARKET, BY PROCEDURE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 6: NORTH AMERICA BARIATRIC SURGERY MARKET, BY PROCEDURE, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 7: NORTH AMERICA BARIATRIC SURGERY MARKET, BY END-USER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 8: NORTH AMERICA BARIATRIC SURGERY MARKET, BY END-USER, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 9: NORTH AMERICA BARIATRIC SURGERY MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 10: NORTH AMERICA BARIATRIC SURGERY MARKET, BY COUNTRY, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 11: LIST OF MERGERS & ACQUISITIONS

TABLE 12: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 13: LIST OF PARTNERSHIP & AGREEMENTS

TABLE 14: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES

FIGURE 1: KEY TECHNOLOGY TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: GROWTH PROSPECT MAPPING FOR UNITED STATES

FIGURE 4: MARKET MATURITY ANALYSIS

FIGURE 5: MARKET CONCENTRATION ANALYSIS

FIGURE 6: NORTH AMERICA BARIATRIC SURGERY MARKET, GROWTH POTENTIAL, BY DEVICE, IN 2023

FIGURE 7: NORTH AMERICA BARIATRIC SURGERY MARKET, BY ASSISTING DEVICES, 2024-2032 (IN $ MILLION)

FIGURE 8: NORTH AMERICA BARIATRIC SURGERY MARKET, BY IMPLANTABLE DEVICES, 2024-2032 (IN $ MILLION)

FIGURE 9: NORTH AMERICA BARIATRIC SURGERY MARKET, GROWTH POTENTIAL, BY PROCEDURE, IN 2023

FIGURE 10: NORTH AMERICA BARIATRIC SURGERY MARKET, BY GASTRIC SLEEVE SURGERY, 2024-2032 (IN $ MILLION)

FIGURE 11: NORTH AMERICA BARIATRIC SURGERY MARKET, BY BILIOPANCREATIC DIVERSION WITH DUODENAL SWITCH, 2024-2032 (IN $ MILLION)

FIGURE 12: NORTH AMERICA BARIATRIC SURGERY MARKET, BY ADJUSTABLE GASTRIC BAND, 2024-2032 (IN $ MILLION)

FIGURE 13: NORTH AMERICA BARIATRIC SURGERY MARKET, BY GASTRIC BYPASS, 2024-2032 (IN $ MILLION)

FIGURE 14: NORTH AMERICA BARIATRIC SURGERY MARKET, GROWTH POTENTIAL, BY END-USER, IN 2023

FIGURE 15: NORTH AMERICA BARIATRIC SURGERY MARKET, BY HOSPITALS, 2024-2032 (IN $ MILLION)

FIGURE 16: NORTH AMERICA BARIATRIC SURGERY MARKET, BY AMBULATORY SURGICAL CENTERS, 2024-2032 (IN $ MILLION)

FIGURE 17: NORTH AMERICA BARIATRIC SURGERY MARKET, BY BARIATRIC SURGERY CLINICS, 2024-2032 (IN $ MILLION)

FIGURE 18: NORTH AMERICA BARIATRIC SURGERY MARKET, COUNTRY OUTLOOK, 2023 & 2032 (IN %)

FIGURE 19: UNITED STATES BARIATRIC SURGERY MARKET, 2024-2032 (IN $ MILLION)

FIGURE 20: CANADA BARIATRIC SURGERY MARKET, 2024-2032 (IN $ MILLION)

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