South & Central America Bariatric Surgeries Market Forecast to 2030
South & Central America Bariatric Surgeries Market Forecast to 2030 – Regional Analysis – by Type [Adjustable Gastric Bands (AGB), Sleeve Gastrectomy, Gastric bypass, Biliopancreatic Diversion with Duodenal Switch (BPD- DS), and Others] and End User (Hospitals and Ambulatory Surgical Centers)
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Description
Strategic Initiatives by Market Players Fuels the South & Central America Bariatric Surgeries Market
There has been a constant increase in the prevalence of obesity on a global level that has increased the demand for bariatric surgery devices. Various market players are also focused on product launches or strategic collaborations for the development of advanced products that help during bariatric surgeries and provide positive outcomes. There have been various recent developments, such as product launches, mergers, and acquisitions in recent years. A few of them are mentioned below:
– In June 2021, Ethicon launched a new advanced bipolar energy device, the ENSEAL X1 Curved Jaw Tissue Sealer. It enhances procedural efficiency by providing stronger sealing and greater access to more tissue than LigaSure Maryland. The device is used for colorectal, gynaecological, and bariatric surgeries and thoracic procedures.
– In November 2022, Boston Scientific Corporation acquired Apollo Endosurgery Inc. with a total value of approximately US$ 615 million, which indicated a cash price of US$ 10 per share. The Apollo Endosurgery product portfolio includes devices used during endoluminal surgery (ELS) procedures to close and manage gastrointestinal
– In September 2021, Olympus acquired the new advanced bipolar surgical energy product range known as POWERSEAL. The POWERSEAL 5 mm Curved Jaw Tissue Sealer and Divider is a double-action device that meets the highest standards of medical performance for advanced bipolar surgical energy devices by delivering constant sealing reliability in an ergonomic and multifunctional design that promotes procedural efficiency. The POWERSEAL devices can be employed in numerous surgical procedures, including general, gynaecological, colorectal, bariatric, urological, thoracic, and vascular surgical procedures.
Thus, a surge in product launches, development, and strategic collaborations is likely to create considerable growth opportunities for the bariatric surgery devices market in the future.
South & Central America Bariatric Surgeries Market Overview
The South & Central America bariatric surgeries market is segmented into Brazil, Argentina, and the Rest of South & Central America. The market growth in this region is primarily attributed increasing awareness regarding health and well-being.
According to an article published in Biomaterials Research, in 2020, Brazil is among the 10 countries in the world with the highest number of people with diabetes and was ranked 5th. By 2030, the prevalence of diabetes in the country is expected to increase from 6% to 7.8%, according to international estimates. Obesity is the major risk factor for diabetes, which is taken care of by performing bariatric surgeries, thereby driving the demand for bariatric surgery devices in Brazil.
Several market players are adopting organic strategies to stay competitive in the market. In October 2022, the Brazilian Health Regulatory Agency ANVISA approved Allurion to launch its gastric balloon technology-the Elipse Balloon-in Brazil. The Elipse Balloon can be placed in the stomach and removed without surgical procedure, anesthesia, or endoscopy.
South & Central America Bariatric Surgeries Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Bariatric Surgeries Market Segmentation
The South & Central America bariatric surgeries market is segmented into type, end user, and country.
Based on type, the South & Central America bariatric surgeries market is categorized adjustable gastric bands (AGB), sleeve gastrectomy, gastric bypass, biliopancreatic diversion with duodenal switch (bpd- ds), and others. The sleeve gastrectomy market segment held the largest share in 2022.
In terms of end user, the South & Central America bariatric surgeries market is bifurcated into hospitals and ambulatory surgical centers. The hospitals segment held a larger share in 2022.
Based on country, the South & Central America bariatric surgeries market is segmented Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America bariatric surgeries market in 2022.
Conmed Corp, Intuitive Surgical Inc, Medtronic Plc, Olympus Corp, and Reshape Lifesciences Inc are some of the leading companies operating in the South & Central America bariatric surgeries market.
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According to The Research Team’ research, the South & Central America bariatric surgeries market was valued at US$ 282.51 in 2022 and is expected to reach US$ 873.78 million by 2030, registering a CAGR of 15.2% from 2022 to 2030. Technological advancement and rising prevalence of obesity are among the critical factors attributed to the South & Central America bariatric surgeries market expansion.
Bariatric surgery devices include specialized laparoscopic instruments, endoscopes, and robotic surgical systems, which allow surgeons to perform complicated procedures with greater precision and control. Advancements in robotic surgery have created new opportunities for individuals seeking weight loss solutions while also providing various benefits to surgeons. Robotic bariatric surgery has become a popular option for people with obesity and weight-related health issues. In the field of bariatric surgery, robotic technology has led to significant advances in patient outcomes and overall surgical experiences. With the launch of the DaVinci robot by intuitive surgical, weight loss surgery has been transformed, providing patients with minimally invasive options for attaining their weight loss goals. It allows surgeons to perform bariatric surgery with high accuracy and control. The system consists of a console for surgeon and controls the robotic arms holding instruments. The system provides a 3D view of the surgical site and allows for precise movements, reducing the risk of complications. Similarly, the use of advanced endoscopic suturing systems allows surgeons to perform procedures through the mouth or anus without making any external incisions. This technique is particularly beneficial for patients who have gone through surgeries previously or have any medical issues. Therefore, the introduction of technologically advanced devices and systems is expected to promote the growth of the bariatric surgery devices market.
On the contrary, strategic initiatives by market players hamper the growth South & Central America bariatric surgeries market .
Based on type, the South & Central America bariatric surgeries market is segmented adjustable gastric bands (AGB), sleeve gastrectomy, gastric bypass, biliopancreatic diversion with duodenal switch (bpd- ds), and others. The sleeve gastrectomy market segment held 67.8% share of the South & Central America bariatric surgeries market in 2022, amassing US$ 191.51 million. It is projected to garner US$ 608.04 million by 2030 to expand at 15.5% CAGR during 2022-2030.
By end user, the South & Central America bariatric surgeries market is bifurcated into hospitals and ambulatory surgical centers. The hospital segment held 68.6% share of South & Central America bariatric surgeries market in 2022, amassing US$ 193.78 million. It is projected to garner US$ 574.36 million by 2030 to expand at 14.5% CAGR during 2022-2030.
Based on country, the South & Central America bariatric surgeries market is categorized into Brazil, Argentina, and the Rest of South & Central America. Brazil held 55.1% share of South & Central America bariatric surgeries market in 2022, amassing US$ 155.71 million. It is projected to garner US$ 478.41 million by 2030 to expand at 15.1% CAGR during 2022-2030.
Key players operating in the South & Central America bariatric surgeries market are Conmed Corp, Intuitive Surgical Inc, Medtronic Plc, Olympus Corp, and Reshape Lifesciences Inc, among others.
– In February 2020, Medtronic plc acquired Digital Surgery, a privately held pioneer in surgical artificial intelligence (AI), data and analytics, and digital education and training. The acquisition of Digital Surgery will strengthen the Medtronic robotic assisted surgery platform and will expand Medtronic’s product portfolio.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America bariatric surgeries market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in South & Central America bariatric surgeries market , thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution
TABLE OF CONTENTS
1. Introduction
1.1 The Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 South & Central America Bariatric Surgeries Market, by Country (US$ Million)
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America Bariatric Surgeries Market – Key Industry Dynamics
4.1 Key Market Drivers
4.1.1 Increasing Prevalence of Obesity
4.1.2 Growing Demand for Minimally Invasive Surgeries
4.2 Key Market Restraints:
4.2.1 Stringent Regulatory Policies and Increase in Safety Concerns
4.3 Key Market Opportunities:
4.3.1 Strategic Initiatives by Market Players
4.4 Key Market Trends:
4.4.1 Technological Advancement
4.5 Impact Analysis
5. Bariatric Surgeries Market – South & Central America Market Analysis
5.1 South & Central America Bariatric Surgeries Market Revenue (US$ Million), 2022 – 2030
6. South & Central America Bariatric Surgeries Market – Revenue and Forecast to 2030 – by Type.
6.1 Overview
6.2 South & Central America Bariatric Surgeries Market Revenue Share, by Type 2022 & 2030 (%)
6.3 Adjustable Gastric Bands (AGB)
6.3.1 Overview
6.3.2 Adjustable Gastric Bands (AGB): South & Central America Bariatric Surgeries Market – Revenue and Forecast to 2030 (US$ Million)
6.4 Sleeve Gastrectomy
6.4.1 Overview
6.4.2 Sleeve Gastrectomy: South & Central America Bariatric Surgeries Market – Revenue and Forecast to 2030 (US$ Million)
6.5 Gastric bypass
6.5.1 Overview
6.5.2 Gastric bypass: South & Central America Bariatric Surgeries Market – Revenue and Forecast to 2030 (US$ Million)
6.6 Biliopancreatic Diversion with Duodenal Switch (BPD- DS)
6.6.1 Overview
6.6.2 Biliopancreatic Diversion with Duodenal Switch (BPD- DS): South & Central America Bariatric Surgeries Market – Revenue and Forecast to 2030 (US$ Million)
6.7 Others
6.7.1 Overview
6.7.2 Others: South & Central America Bariatric Surgeries Market – Revenue and Forecast to 2030 (US$ Million)
7. South & Central America Bariatric Surgeries Market – Revenue and Forecast to 2030 – by End User
7.1 Overview
7.2 South & Central America Bariatric Surgeries Market Revenue Share, by End User 2022 & 2030 (%)
7.3 Hospitals
7.3.1 Overview
7.3.2 Hospitals: South & Central America Bariatric Surgeries Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Ambulatory Surgical Centers
7.4.1 Overview
7.4.2 Ambulatory Surgical Centers: South & Central America Bariatric Surgeries Market – Revenue and Forecast to 2030 (US$ Million)
8. South & Central America Bariatric Surgeries Market – Revenue and Forecast to 2030 – Country Analysis
8.1 Overview
8.1.1 South & Central America Bariatric Surgeries Market, by Country, 2022 & 2030 (%)
8.1.1.1 Brazil: South & Central America Bariatric Surgeries Market
8.1.1.1.1 Brazil: South & Central America Bariatric Surgeries Market- Revenue and Forecasts to 2030 (US$ Million)
8.1.1.1.2 Brazil: South & Central America Bariatric Surgeries Market, by Type, 2020-2030 (US$ Million)
8.1.1.1.3 Brazil: South & Central America Bariatric Surgeries Market, by End User, 2020-2030 (US$ Million)
8.1.1.2 Argentina: South & Central America Bariatric Surgeries Market
8.1.1.2.1 Argentina: South & Central America Bariatric Surgeries Market- Revenue and Forecasts to 2030 (US$ Million)
8.1.1.2.2 Argentina: South & Central America Bariatric Surgeries Market, by Type, 2020-2030 (US$ Million)
8.1.1.2.3 Argentina: South & Central America Bariatric Surgeries Market, by End User, 2020-2030 (US$ Million)
8.1.1.3 Rest of South & Central America Bariatric Surgeries Market
8.1.1.3.1 Rest of South & Central America Bariatric Surgeries Market – Revenue and Forecast to 2030 (US$ Million)
8.1.1.3.2 Rest of South & Central America Bariatric Surgeries Market, by Type, 2020-2030 (US$ Million)
8.1.1.3.3 Rest of South & Central America Bariatric Surgeries Market, by End User, 2020-2030 (US$ Million)
9. Bariatric Surgery Devices Market-Industry Landscape
9.1 Overview
9.2 Growth Strategies in Bariatric Surgery Devices Market
9.3 Organic Growth Strategies
9.3.1 Overview
9.4 Inorganic Growth Strategies
9.4.1 Overview
10. Company Profiles
10.1 Intuitive Surgical Inc
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 Conmed Corp
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 Medtronic Plc
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 Olympus Corp
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
10.5 Reshape Lifesciences Inc
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Products and Services
10.5.4 Financial Overview
10.5.5 SWOT Analysis
10.5.6 Key Developments
11. Appendix
11.1 About Us
11.2 Glossary of Terms
LIST OF TABLES
Table 1. South & Central America Bariatric Surgeries Market Segmentation
Table 2. Brazil: South & Central America Bariatric Surgeries Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 3. Brazil: South & Central America Bariatric Surgeries Market, by End User – Revenue and Forecast to 2030 (US$ Million)
Table 4. ADULT OBESITY IN 2030
Table 5. CHILD OBESITY IN 2030
Table 6. Argentina: South & Central America Bariatric Surgeries Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 7. Argentina: South & Central America Bariatric Surgeries Market, by End User – Revenue and Forecast to 2030 (US$ Million)
Table 8. Rest of South & Central America Bariatric Surgeries Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 9. Rest of South & Central America Bariatric Surgeries Market, by End User – Revenue and Forecast to 2030 (US$ Million)
Table 10. Recent Organic Growth Strategies in Bariatric Surgery Devices Market
Table 11. Recent Inorganic Growth Strategies in the Bariatric Surgery Devices Market
Table 12. Glossary of Terms, South & Central America Bariatric Surgeries Market
LIST OF FIGURES
Figure 1. South & Central America Bariatric Surgeries Market Segmentation, By Country
Figure 2. South & Central America Bariatric Surgeries Market – Key Industry Dynamics
Figure 3. South & Central America Bariatric Surgeries Market: Impact Analysis of Drivers and Restraints
Figure 4. South & Central America Bariatric Surgeries Market Revenue (US$ Million), 2022 – 2030
Figure 5. South & Central America Bariatric Surgeries Market Revenue Share, by Type 2022 & 2030 (%)
Figure 6. Adjustable Gastric Bands (AGB): South & Central America Bariatric Surgeries Market – Revenue and Forecast to 2030 (US$ Million)
Figure 7. Sleeve Gastrectomy: South & Central America Bariatric Surgeries Market – Revenue and Forecast to 2030 (US$ Million)
Figure 8. Gastric bypass: South & Central America Bariatric Surgeries Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Biliopancreatic Diversion with Duodenal Switch (BPD- DS): South & Central America Bariatric Surgeries Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Others: South & Central America Bariatric Surgeries Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. South & Central America Bariatric Surgeries Market Revenue Share, by End User 2022 & 2030 (%)
Figure 12. Hospitals: South & Central America Bariatric Surgeries Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Ambulatory Surgical Centers: South & Central America Bariatric Surgeries Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. South & Central America Bariatric Surgeries Market, By Key Country – Revenue (2022) (US$ Million)
Figure 15. South & Central America Bariatric Surgeries Market Share by Country – 2022 & 2030, (%)
Figure 16. Brazil: South & Central America Bariatric Surgeries Market- Revenue and Forecasts to 2030 (US$ Million)
Figure 17. Argentina: South & Central America Bariatric Surgeries Market- Revenue and Forecasts to 2030 (US$ Million)
Figure 18. Rest of South & Central America Bariatric Surgeries Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Growth Strategies in Bariatric Surgery Devices Market
The List of Companies – South & Central America Bariatric Surgeries Market
1. Conmed Corp
2. Intuitive Surgical Inc
3. Medtronic Plc
4. Olympus Corp
5. Reshape Lifesciences Inc
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