(EMAILWIRE.COM, January 29, 2019 ) The growth of this market is driven by factors such as the growing obese population, increasing number of bariatric surgeries, and increasing preference for minimally invasive procedures. The global bariatric surgery devices market is projected to reach USD 2.16 Billion by 2023 from USD 1.64 Billion in 2018, at a CAGR of 5.7% during the forecast period.

The report describes and studies the global bariatric surgery devices market by type, procedure, and region. It provides detailed information regarding the major factors influencing the growth of this market and the regulatory analysis impacting market dynamics.

On the basis of type, the global bariatric surgery devices market is segmented into minimally invasive surgical devices (stapling devices, energy/vessel sealing devices, suturing devices, and accessories) and non-invasive surgical devices. The minimally invasive surgical devices segment is expected to register the highest CAGR during the forecast period. The increasing prevalence of obesity worldwide, the demand for fewer incisions and scars, and the need for minimal discomfort and trauma are the factors driving the non-invasive weight loss surgical equipment market.

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North America to dominate the market in 2018

North America is expected to account for the largest share of the bariatric surgery devices market in 2018, followed by Europe. The large share of this segment can be attributed to the rapidly growing obese population and rise in the number of bariatric surgeries.

Ethicon (US), Medtronic (Ireland), Intuitive Surgical (US), Apollo Endosurgery (US), and ReShape Lifesciences, (US) are the key players in the bariatric surgery devices market. Other players involved in this market are Aspire Bariatrics (US), Mediflex Surgical Products (US), Spatz FGIA (US), Cousin Biotech (France), and Olympus Corporation of the Americas (US).