According to the World Health Organization (WHO), obesity and overweight are defined as excessive or abnormal fat accumulation in the body that poses a health risk. In recent years, the prevalence of obesity has surged massively worldwide. As per the WHO, at least 2.8 million deaths are caused due to obesity or overweight each year. Obesity was previously associated with high-income countries, however, with changing lifestyle patterns, it is now becoming prevalent in low- and middle-income countries as well.

Thus, the surging incidence of obesity and soaring awareness about bariatric surgery among the obese population will help the obesity/bariatric surgery devices market to advance at 9.9% during 2017–2023. The market was valued at $1.4 billion in 2016 and it is projected to reach $2.8 billion revenue by 2023. For instance, according to the American Society for Metabolic and Bariatric Surgery (ASMBS), the number of bariatric surgeries in the U.S. increased from 252,000 in 2018 to 256,000 in 2019.

Browse detailed report - Obesity/Bariatric Surgery Devices Market Analysis and Demand Forecast Report

According to P&S Intelligence, the Asia-Pacific (APAC) obesity/bariatric surgery devices market is expected to advance at the highest rate in the coming years. This will be due to the booming aging population, rising incidence of obesity, and flourishing medical tourism in the region. For instance, the Indian Association of Preventive and Social Medicine reports that as of 2019, India has over 135 million obese individuals. In India, nearly 53.5% of men with a mean age of 21.1 and around 46.5% of the female population with a mean age of 20.55 were obese in the country as of 2019.

Thus, the rising cases of obesity and mounting awareness about bariatric surgery will amplify the need for obesity/bariatric surgery devices in the foreseeable future.