Bariatric Surgery Market size was valued at USD 1.91 billion in 2023 and is expected to exceed USD 4.72 billion by 2036, expanding at over 7.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of bariatric surgery is evaluated at USD 2.02 billion. The growth of the market can be attributed to growing number of cases of obesity and related disorders over high consumption of energy-dense food coupled with increase in physical inactivity. For instance, according to the World Health Organization, in 2019, 38.2 million children, worldwide, under the age of 5 were overweight or obese, while in 2020, the number grew to 39 million.
Moreover, increasing development of technologically advanced bariatric surgery devices on the back of rise in awareness about bariatric surgery and emergence of minimally invasive devices that reduce treatment cost & recovery time are further driving the growth of the market.
However, lack of awareness among different socio-economic groups in several regions about complexities involved in bariatric surgery, and adherence to a strict diet regime after surgery are expected to restrain the growth of the market. Furthermore, post-surgery associated complications, such as internal bleeding, deep vein thrombosis, infections, and pulmonary embolism are also restraining the market growth.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024–2036 |
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CAGR |
7.2% |
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Base Year Market Size (2023) |
USD 1.91 billion |
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Forecast Year Market Size (2036) |
USD 4.72 billion |
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Regional Scope |
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The market is segmented by procedure into adjustable gastric banding, gastric bypass, biliopancreatic diversion with duodenal switch, and gastric sleeve surgery, out of which, the gastric bypass segment is anticipated to hold the largest share in the global bariatric surgery market on account of high effectiveness in treating obesity and related disorders. Gastric bypass results in reliable & long-lasting weight loss, and is a refined and standardized procedure.
Based on devices, the market is segmented into assisting devices and implantable devices, out of which, the assisting devices segment is expected to witness growth at the highest CAGR owing to increasing demand for minimally invasive surgeries which extensively use assisting devices, such as closure device.
The market is further segmented on the basis of end-user into bariatric surgery clinics, hospitals, and ambulatory surgical centers, out of which, the hospitals segment is project to hold the largest share owing to availability of varied equipment & facilities that help in the procedure and post-surgery recovery
Our in-depth analysis of the global market includes the following segments:
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By Procedure |
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By Devices |
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By End-user |
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Regionally, the global bariatric surgery market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America industry is estimated to account for largest revenue share by 2036, propelled by high occurrence of obesity among population and increase in investments by leading players for developing innovative surgery devices. According to the data collected from the U.S. Centers for Disease Control and Prevention, the prevalence of obesity in the U.S. was 42.4% during 2017-18. Additionally, the prevalence of severe obesity during the same period increased from 4.7% to 9.2%.
Asia-Pacific region is projected to witness market growth at the highest rate over the forecast period owing to presence of large population vulnerable to obesity, advancing healthcare infrastructure, and growing per capita income levels. According to the WHO, almost half of the children under the age of 5 who were overweight or obese, globally, in 2019 lived in Asia.
September 2020: Ethicon, Inc. launched its first buttress solution, ECHELON ENDOPATH Staple Line Reinforcement (SLR) which is designed to further strengthen staple lines and reduce potential complications during bariatric, thoracic and general surgical procedures.
Author Credits: Radhika Pawar
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