Asia Pacific Bariatric Surgeries Market Forecast to 2030
Asia Pacific 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 Asia Pacific 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 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 defects and complications, along with aid in weight loss for patients with obesity. 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.
Asia Pacific Bariatric Surgeries Market Overview
The Asia Pacific bariatric surgeries market is segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. The growth of the bariatric surgeries market is widely driven by company collaborations, increasing prevalence of obesity, and growing demand for minimally invasive surgeries. Due to the growing obese population in China, bariatric surgeries are gaining significant traction in the country. Other factors such as growing diabetes, rising cases of cardiovascular diseases (CVDs), and developments by the market players are also majorly contributing to the growth of bariatric surgery devices in the country, making it a significant market in Asia Pacific.
In September 2022, according to the Global Health Journal, obesity has become a severe public health issue worldwide. China has the world’s largest number of overweight people. Over 50% of adults and about 20% of children and adolescents in China are overweight. Over the past 20 years, China has taken many actions in obesity intervention, and obesity rates have continued to grow. Thus, the demand for bariatric surgeries is growing in China.
Several market players are adopting organic strategies to stay competitive in the market. For instance, in September 2021, Olympus launched the POWERSEAL 5mm Curved Jaw Tissue Sealer and Divider. The devices fulfil the highest clinical performance standards for advanced bipolar surgical energy devices by delivering consistent sealing reliability in an ergonomic, multifunctional design that encourages procedural efficiency.
The factors mentioned above are likely to continue to boost the growth of the bariatric surgery devices market in China.
Asia Pacific Bariatric Surgeries Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Bariatric Surgeries Market Segmentation
The Asia Pacific bariatric surgeries market is segmented into type, end user, and country.
Based on type, the Asia Pacific 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 Asia Pacific bariatric surgeries market is bifurcated into hospitals and ambulatory surgical centers. The hospitals segment held a larger share in 2022.
Based on country, the Asia Pacific bariatric surgeries market is segmented China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. China dominated the Asia Pacific bariatric surgeries market in 2022.
Conmed Corp, Integra LifeSciences Holdings Corp, Intuitive Surgical Inc, Medtronic Plc, Olympus Corp, and Reshape Lifesciences Inc are some of the leading companies operating in the Asia Pacific bariatric surgeries market.
Summary Info
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According to The Research Team’ research, the Asia Pacific bariatric surgeries market was valued at US$ 913.53 in 2022 and is expected to reach US$ 3,115.01 million by 2030, registering a CAGR of 16.6% from 2022 to 2030. Growing demand for minimally invasive surgeries and increasing prevalence of obesity are among the critical factors attributed to the Asia Pacific bariatric surgeries market expansion.
Over a period of time, there has been significant growth in the prevalence of chronic disorders, leading to an increase in surgical procedures. Invasive surgical procedures have high risk factors, and patients take longer time in recovery. These procedures have a high risk of infections and a high rate of complications on a global level. To overcome the consequences associated with invasive procedures, minimally invasive procedures are preferred by healthcare professionals. Healthcare professionals are more inclined toward minimally invasive procedures due to various advantages such as shorter recovery periods, very limited to no complications, high success rates, and reduction in procedure time.
The positive outcomes of minimally invasive surgeries have increased the inclination toward minimally invasive bariatric surgeries as market players are focused on development and launch of advanced products. Nowadays, several minimally invasive bariatric surgeries are performed, including laparoscopic gastric bypass, laparoscopic sleeve gastrectomy, and laparoscopic gastric binding. As per the National Health Institutes 2022 report, nowadays, ~90% of gastric bypasses are done laparoscopically, with a death rate of 0.22%, which is less than 0.82% for open surgery. Each procedure has its own advantages and disadvantages, and the choice will depend upon the medical history and patient needs. Moreover, the rising inclination toward non-invasive bariatric devices is expected to proliferate the market growth. There are various manufacturers focused on the development of gastric balloons, which can be placed into the stomach through endoscopy procedures and can be easily removed when required. These balloons have limited to no side effects with positive outcomes. Therefore, the surge in minimally invasive bariatric surgeries, the launch and development of specialized instruments, and positive patient outcomes contribute to the growth of the bariatric surgery devices market.
On the contrary, stringent regulatory policies and increase in safety concerns hamper the growth Asia Pacific bariatric surgeries market .
Based on type, the Asia Pacific 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 67.7% share of the Asia Pacific bariatric surgeries market in 2022, amassing US$ 618.67 million. It is projected to garner US$ 2,165.54 million by 2030 to expand at 17.0% CAGR during 2022-2030.
By end user, the Asia Pacific bariatric surgeries market is bifurcated into hospitals and ambulatory surgical centers. The hospital segment held 68.6% share of Asia Pacific bariatric surgeries market in 2022, amassing US$ 626.23 million. It is projected to garner US$ 2,046.15 million by 2030 to expand at 16.0% CAGR during 2022-2030.
Based on country, the Asia Pacific bariatric surgeries market is categorized into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. China held 29.8% share of Asia Pacific bariatric surgeries market in 2022, amassing US$ 272.68 million. It is projected to garner US$ 997.56 million by 2030 to expand at 17.6% CAGR during 2022-2030.
Key players operating in the Asia Pacific bariatric surgeries market are Conmed Corp, Integra LifeSciences Holdings 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific Bariatric Surgeries Market, by Country (US$ Million)
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific 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 – Asia Pacific Market Analysis
5.1 Asia Pacific Bariatric Surgeries Market Revenue (US$ Million), 2022 – 2030
6. Asia Pacific Bariatric Surgeries Market – Revenue and Forecast to 2030 – by Type.
6.1 Overview
6.2 Asia Pacific 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): Asia Pacific Bariatric Surgeries Market – Revenue and Forecast to 2030 (US$ Million)
6.4 Sleeve Gastrectomy
6.4.1 Overview
6.4.2 Sleeve Gastrectomy: Asia Pacific Bariatric Surgeries Market – Revenue and Forecast to 2030 (US$ Million)
6.5 Gastric bypass
6.5.1 Overview
6.5.2 Gastric bypass: Asia Pacific 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): Asia Pacific Bariatric Surgeries Market – Revenue and Forecast to 2030 (US$ Million)
6.7 Others
6.7.1 Overview
6.7.2 Others: Asia Pacific Bariatric Surgeries Market – Revenue and Forecast to 2030 (US$ Million)
7. Asia Pacific Bariatric Surgeries Market – Revenue and Forecast to 2030 – by End User
7.1 Overview
7.2 Asia Pacific Bariatric Surgeries Market Revenue Share, by End User 2022 & 2030 (%)
7.3 Hospitals
7.3.1 Overview
7.3.2 Hospitals: Asia Pacific 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: Asia Pacific Bariatric Surgeries Market – Revenue and Forecast to 2030 (US$ Million)
8. Asia Pacific Bariatric Surgeries Market – Revenue and Forecast to 2030 – Country Analysis
8.1 Overview
8.1.1 Asia Pacific Bariatric Surgeries Market, by Country, 2022 & 2030 (%)
8.1.1.1 China: Asia Pacific Bariatric Surgeries Market
8.1.1.1.1 China: Asia Pacific Bariatric Surgeries Market – Revenue and Forecast to 2030 (US$ Million)
8.1.1.1.2 China: Asia Pacific Bariatric Surgeries Market, by Type, 2020-2030 (US$ Million)
8.1.1.1.3 China: Asia Pacific Bariatric Surgeries Market, by End User, 2020-2030 (US$ Million)
8.1.1.2 Japan: Asia Pacific Bariatric Surgeries Market
8.1.1.2.1 Japan: Asia Pacific Bariatric Surgeries Market – Revenue and Forecast to 2030 (US$ Million)
8.1.1.2.2 Japan: Asia Pacific Bariatric Surgeries Market, by Type, 2020-2030 (US$ Million)
8.1.1.2.3 Japan: Asia Pacific Bariatric Surgeries Market, by End User, 2020-2030 (US$ Million)
8.1.1.3 India: Asia Pacific Bariatric Surgeries Market
8.1.1.3.1 India: Asia Pacific Bariatric Surgeries Market – Revenue and Forecast to 2030 (US$ Million)
8.1.1.3.2 India: Asia Pacific Bariatric Surgeries Market, by Type, 2020-2030 (US$ Million)
8.1.1.3.3 India: Asia Pacific Bariatric Surgeries Market, by End User, 2020-2030 (US$ Million)
8.1.1.4 Australia: Asia Pacific Bariatric Surgeries Market
8.1.1.4.1 Australia: Asia Pacific Bariatric Surgeries Market – Revenue and Forecast to 2030 (US$ Million)
8.1.1.4.2 Australia: Asia Pacific Bariatric Surgeries Market, by Type, 2020-2030 (US$ Million)
8.1.1.4.3 Australia: Asia Pacific Bariatric Surgeries Market, by End User, 2020-2030 (US$ Million)
8.1.1.5 South Korea: Asia Pacific Bariatric Surgeries Market
8.1.1.5.1 South Korea: Asia Pacific Bariatric Surgeries Market – Revenue and Forecast to 2030 (US$ Million)
8.1.1.5.2 South Korea: Asia Pacific Bariatric Surgeries Market, by Type, 2020-2030 (US$ Million)
8.1.1.5.3 South Korea: Asia Pacific Bariatric Surgeries Market, by End User, 2020-2030 (US$ Million)
8.1.1.6 Rest of Asia Pacific Bariatric Surgeries Market
8.1.1.6.1 Rest of Asia Pacific Bariatric Surgeries Market – Revenue and Forecast to 2030 (US$ Million)
8.1.1.6.2 Rest of Asia Pacific Bariatric Surgeries Market, by Type, 2020-2030 (US$ Million)
8.1.1.6.3 Rest of Asia Pacific 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 Integra LifeSciences Holdings 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 Conmed Corp
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 Medtronic Plc
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 Olympus Corp
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
10.6 Reshape Lifesciences Inc
10.6.1 Key Facts
10.6.2 Business Description
10.6.3 Products and Services
10.6.4 Financial Overview
10.6.5 SWOT Analysis
10.6.6 Key Developments
11. Appendix
11.1 About Us
11.2 Glossary of Terms
LIST OF TABLES
Table 1. Asia Pacific Bariatric Surgeries Market Segmentation
Table 2. China: Asia Pacific Bariatric Surgeries Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 3. China: Asia Pacific 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. Japan: Asia Pacific Bariatric Surgeries Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 7. Japan: Asia Pacific Bariatric Surgeries Market, by End User – Revenue and Forecast to 2030 (US$ Million)
Table 8. India: Asia Pacific Bariatric Surgeries Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 9. India: Asia Pacific Bariatric Surgeries Market, by End User – Revenue and Forecast to 2030 (US$ Million)
Table 10. Australia: Asia Pacific Bariatric Surgeries Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 11. Australia: Asia Pacific Bariatric Surgeries Market, by End User – Revenue and Forecast to 2030 (US$ Million)
Table 12. ADULT OBESITY IN 2030
Table 13. CHILD OBESITY IN 2030
Table 14. South Korea: Asia Pacific Bariatric Surgeries Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 15. South Korea: Asia Pacific Bariatric Surgeries Market, by End User – Revenue and Forecast to 2030 (US$ Million)
Table 16. Rest of Asia Pacific: Asia Pacific Bariatric Surgeries Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 17. Rest of Asia Pacific: Asia Pacific Bariatric Surgeries Market, by End User – Revenue and Forecast to 2030 (US$ Million)
Table 18. Recent Organic Growth Strategies in Bariatric Surgery Devices Market
Table 19. Recent Inorganic Growth Strategies in the Bariatric Surgery Devices Market
Table 20. Glossary of Terms, Asia Pacific Bariatric Surgeries Market
LIST OF FIGURES
Figure 1. Asia Pacific Bariatric Surgeries Market Segmentation, By Country
Figure 2. Asia Pacific Bariatric Surgeries Market – Key Industry Dynamics
Figure 3. Asia Pacific Bariatric Surgeries Market: Impact Analysis of Drivers and Restraints
Figure 4. Asia Pacific Bariatric Surgeries Market Revenue (US$ Million), 2022 – 2030
Figure 5. Asia Pacific Bariatric Surgeries Market Revenue Share, by Type 2022 & 2030 (%)
Figure 6. Adjustable Gastric Bands (AGB): Asia Pacific Bariatric Surgeries Market – Revenue and Forecast to 2030 (US$ Million)
Figure 7. Sleeve Gastrectomy: Asia Pacific Bariatric Surgeries Market – Revenue and Forecast to 2030 (US$ Million)
Figure 8. Gastric bypass: Asia Pacific Bariatric Surgeries Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Biliopancreatic Diversion with Duodenal Switch (BPD- DS): Asia Pacific Bariatric Surgeries Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Others: Asia Pacific Bariatric Surgeries Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. Asia Pacific Bariatric Surgeries Market Revenue Share, by End User 2022 & 2030 (%)
Figure 12. Hospitals: Asia Pacific Bariatric Surgeries Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Ambulatory Surgical Centers: Asia Pacific Bariatric Surgeries Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Asia Pacific Bariatric Surgeries Market, by Key Country – Revenue (2022) (US$ Million)
Figure 15. Asia Pacific Bariatric Surgeries Market, by Country, 2022 & 2030 (%)
Figure 16. China: Asia Pacific Bariatric Surgeries Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Japan: Asia Pacific Bariatric Surgeries Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. India: Asia Pacific Bariatric Surgeries Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Australia: Asia Pacific Bariatric Surgeries Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. South Korea: Asia Pacific Bariatric Surgeries Market – Revenue and Forecast to 2030 (US$ Million)
Figure 21. Rest of Asia Pacific Bariatric Surgeries Market – Revenue and Forecast to 2030 (US$ Million)
Figure 22. Growth Strategies in Bariatric Surgery Devices Market
The List of Companies – Asia Pacific Bariatric Surgeries Market
1. Conmed Corp
2. Integra LifeSciences Holdings Corp
3. Intuitive Surgical Inc
4. Medtronic Plc
5. Olympus Corp
6. Reshape Lifesciences Inc
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