17, April 2024
As per the WHO, 1 in 8 people in the world were living with obesity in 2022. Chronic overweight issues may lead to an increased risk of type 2 diabetes and heart disease, thus emphasizing the need for effective weight loss solutions. The demand for bariatric surgeries is driven by growing awareness and accessibility of medical interventions. Accordingly, our analysis predicts that the Global Bariatric Surgery Market is set to advance at a CAGR of 5.43% over the forecast period 2024-2032.
In this regard, the World Obesity Federation released a World Obesity Atlas 2024, which provides an overview of obesity rates and trends worldwide. Here are some of its predictions:
79% of adults with overweight will live in Low and Middle-Income Countries (LMICs) by 2035.
88% of children with obesity will be living in LMICs by 2035.
The number of adults living with obesity will rise to 1.53 billion in 2035.
These numbers indicate an alarming prevalence of obesity in the future. Industry experts suggest that only a few individuals are able to reduce weight and maintain their weight loss journey with exercise and diet alone. Hence, several people prefer bariatric surgery as a long-term alternative for weight loss treatment.
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The American Society for Metabolic and Bariatric Surgery stated that around 279,967 bariatric procedures were performed in 2022. Evidently, the primary driver of these surgeries is the rising obesity epidemic, intensified by modern sedentary lifestyles and high-calorie diets. Hence, the efficacy of such procedures in achieving sustained weight loss contributes to their rising popularity.
Moreover, our research report also states that the North America Bariatric Surgery Market is leading globally, estimated to gain revenue at 5.55% of CAGR over the forecast years 2024-2032. This type of surgery typically facilitates a 60-80% reduction in excess body weight. This impressive range of weight reduction not only highlights the effectiveness of the procedure but also broadens the scope and potential growth of the bariatric surgery market.
Additionally, bariatric surgery procedure types of bariatric surgery are considered cost-effective in the long run, particularly when considering the cost implications of obesity-related comorbidities. Hence, health systems and insurance providers take the initiative to cover such procedures.
The Center for Disease Control and Prevention identified that around 20% of children and adolescents in the US live with obesity. Such children are at a high risk of suffering from health problems like type-2 diabetes, obstructive sleep apnea, Idiopathic intracranial hypertension (IIH), etc.
These health issues further impact emotional well-being, as obesity might involve a few children in bullying and teasing. Excessive body weight, when left untreated, gets carried into adulthood which drastically decreases life expectancy.
In fact, the American Academy of Pediatrics acknowledged that metabolic and bariatric surgery, when paired with lifestyle changes, is the most effective approach for addressing severe childhood obesity. Presently, the laparoscopic Roux-en-Y gastric bypass (RYGB) and Laparoscopic Vertical Sleeve Gastrectomy (VSG) are the common procedures for obese adolescents.
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The reviewed market encompasses various procedures, each tailored to the specific needs and conditions of the patient. The most common types include:
Gastric Sleeve Surgery - This involves significantly reducing about 80% of the stomach size but retaining its normal function. The popularity of gastric sleeve surgery lies in its simplicity and the lower risk of complications compared to more complex surgeries.
Gastric Bypass - Known for its effectiveness in rapid weight loss, gastric bypass reroutes the digestive system past most of the stomach, thus limiting calorie intake and absorption.
Adjustable Gastric Band - This less invasive method involves placing a band around the upper part of the stomach to create a small pouch that limits food intake.
Biliopancreatic Diversion with Duodenal Switch (BPD/DS) - A less common but highly effective procedure that combines aspects of sleeve gastrectomy and intestinal bypass.
What’s in the Future?
Emerging market players can explore technologies like AI and machine learning to develop personalized treatment plans. This can also enhance patient screening and predicting outcomes to improve efficacy and reduce side effects, which remain a concern for many potential patients. Additionally, there is a growing niche for companies that specialize in post-surgery patient management and lifestyle modification programs. Thus, the expanding bariatric surgery industry presents substantial opportunities for new entrants.
An individual with a Body Mass Index (BMI) surpassing 40 or higher than 35 is qualified for bariatric surgery.
Q.2) How big is the bariatric surgery market?The global bariatric surgery market generated a revenue of $2988.1 million in the year 2023.
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