Bariatric surgical devices market to grow by $589m by 2028
It is fueled by rising obesity rates and a shift toward minimally invasive procedures.
The global bariatric surgical devices market is set to increase by $588.8m from 2024 to 2028, with a compound annual growth rate (CAGR) of 5.11%, according to Technavio.
This market includes equipment for weight loss surgeries, such as gastric bands, sleeve gastrectomy systems, and gastric bypass systems.
Growth is fueled by rising obesity rates and a shift toward minimally invasive procedures. Major players like Ethicon, Covidien, and Intuitive Surgical are driving innovation through significant R&D investments. The demand for these devices is driven by the prevalence of obesity and Type 2 diabetes. Robotic-assisted surgeries, which offer precise and minimally invasive procedures, are also gaining traction.
Despite advancements, challenges like wound complications, extended hospital stays, and pain remain. Laparoscopic and minimally invasive techniques are increasingly favored over traditional methods, though issues such as internal hernias and the need for revision surgeries persist.