Report : Europe 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)
At 16.2% CAGR, the Europe Bariatric Surgeries Market is Speculated to be Worth US$ 8,029.55 Million by 2030, Says Business Market Insights
According to Business Market Insights research, the Europe bariatric surgeries market was valued at US$ 2,409.87 in 2022 and is expected to reach US$ 8,029.55 million by 2030, registering a CAGR of 16.2% from 2022 to 2030. Strategic initiatives by market players, growing demand for minimally invasive surgeries, and increasing prevalence of obesity are among the critical factors attributed to the Europe bariatric surgeries market expansion.
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 May 2023, Olympus launched POWERSEALTM Sealer/Divider for the Middle East and Africa (MEA) and Europe. This multifunctional advanced bipolar device supports surgeons across multiple different medical specialties with dissection, state-of-the-art sealing, and grasping capabilities for both open and laparoscopic surgical treatments such as colorectal resection, bariatric surgery, colorectal resection, and total laparoscopic hysterectomy. 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, gynecological, 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.
On the contrary, stringent regulatory policies and increase in safety concerns hamper the growth Europe bariatric surgeries market .
Based on type, the Europe 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 Europe bariatric surgeries market in 2022, amassing US$ 1,633.81 million. It is projected to garner US$ 5,588.34 million by 2030 to expand at 16.6% CAGR during 2022-2030.
By end user, the Europe bariatric surgeries market is bifurcated into hospitals and ambulatory surgical centers. The hospital segment held 68.5% share of Europe bariatric surgeries market in 2022, amassing US$ 1,651.39 million. It is projected to garner US$ 5,273.30 million by 2030 to expand at 15.6% CAGR during 2022-2030.
Based on country, the Europe bariatric surgeries market is categorized into the UK, Germany, France, Italy, Spain, and the Rest of Europe. Germany held 20.7% share of Europe bariatric surgeries market in 2022, amassing US$ 499.28 million. It is projected to garner US$ 1,683.18 million by 2030 to expand at 16.4% CAGR during 2022-2030.
Key players operating in the Europe bariatric surgeries market are Conmed Corp, Helioscopie SA, Integra LifeSciences Holdings Corp, Intuitive Surgical Inc, Medtronic Plc, and Olympus Corp, 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.
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