Bariatric Surgery Market Size

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.