Australia Bariatric Surgery Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.60 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Australia Bariatric Surgery Market Analysis
The Australian bariatric surgery market is anticipated to grow at a CAGR of 5.6% during the forecast period.
COVID-19 had a significant impact on market growth due to the postponement of elective surgeries during the pandemic. This reduced the total number of surgeries performed across Australia and adversely impacted the bariatric surgery market. However, the new guidelines made for the continuation of these surgeries helped healthcare practitioners to perform various procedures and are expected to have a positive impact on the market. For instance, as per the report published by Aspiring Bariatrics in March 2022, the guidelines from the Australian and New Zealand College of Anaesthetists recommend that planned minor surgery is delayed for at least 4 weeks after a Covid-19 infection and major surgery is delayed for at least 7 weeks after a Covid-19 infection. This will ensure patient safety and can establish a better outcome which is expected to drive the market over the coming future.
The major factors contributing to the growth of the bariatric surgery market include an increase in obesity among people, the rising burden of diabetes and heart diseases, and rapid technological advancements and innovations in devices.
In Australia, being overweight or obese is a serious public health concern and a substantial risk factor for illness. For instance, according to the Australian Institute of Health and Welfare (AIHW) data updated in July 2022, 2 in 3 (67%) Australians aged 18 and over were overweight or obese (36% were overweight but not obese, and 31% were obese). That is around 12.5 million adults. Men had higher rates of overweight and obesity than women (75% of men and 60% of women) and higher rates of obesity (33% of men and 30% of women). Hence, with the high prevalence of obesity, the demand for bariatric surgeries increases, which is expected to propel market growth.
Moreover, the rising prevalence of cardiovascular diseases is expected to drive the market's growth in the forecast period as it increases the demand for bariatric surgery to prevent CVD-related morbidities. For instance, according to the AIHW, 2022, in the year 2020-2021, an estimated 571,000 Australians aged 18 and over (2.9% of the adult population) had chronic heart diseases. Thus, due to the rising prevalence of chronic illnesses like diabetes and cardiovascular disease (CVD) in the population, there is an increasing need for bariatric surgery to reduce the morbidities associated with CVD, which is expected to drive the market to grow. However, the high cost of surgery may restrain the market's growth.
Australia Bariatric Surgery Market Trends
This section covers the major market trends shaping the Australia Bariatric Surgery Market according to our research experts:
Gastric Balloons is Expected to Record a Highest Growth in the Implantable Device Segment Over the Forecast Period
In order to help with weight loss, a gastric balloon, also known as an intragastric balloon (IGB) or a stomach balloon, is an inflatable medical device that is briefly introduced into the stomach. Intragastric balloon placement involves placing a saline-filled silicone balloon in the stomach. This helps a person to lose weight by limiting how much a person can eat and making the person feel fuller and faster. The introduction of new products, an increased elderly population, collaboration with bariatric surgery centers, and manufacturing optimization to increase operating leverage are some of the factors that are driving the demand for balloons.
According to the AIHW report published in July 2022, Australia's overall population has been growing older over time, with the share of people aged 65 and over increasing to 17% in 2020-21 compared to 11% in previous years. As the older population is more susceptible to obesity and chronic conditions, the demand for gastric balloons is expected to increase, which is likely driving the market segment's growth over the forecast period.
Moreover, product launches are expected to boost the growth of the segment over the forecast period. For instance, in July 2022, Allurion, the first gastric balloon that requires no endoscopy or anesthesia for placement or removal, was launched in Australia. Thus, the new product approvals and launches help to expand the product portfolio in the given segment and are expected to drive the market over the study period.
Closure Device Under the Assisting Devices Segment is Expected to Have Fastest Growth Over the Forecast Period
Bariatric surgery is the operation that most commonly involves closure devices. As certain treatments necessitate the substantial use of closure staples, it is interesting that this surgery will push the market for the closure devices segment. Gastric bypass and sleeve gastrectomy are two of the most popular bariatric surgery treatments. The active closure devices include suture devices, collagen plugs, and clips which are mainly used to close the wounds of bariatric surgery. Hence, with an increasing number of bariatric surgeries due to various driving factors, it is expected to have a significant impact on the market through this segment.
One of the major driving factors for the segment growth is the rising burden of obesity in the country, which is likely to have bariatric surgery where closure devices play a major role during the surgery. For instance, as per the Obesity Atlas 2022, Australia is under the very high-risk category for obesity, with an estimated prevalence of 37.8% by 2030. As per the same source, obesity is more prevalent in men, and the estimated total number of obese patients with a BMI 30 in men is estimated as 40.8 million by 2030. This shows the high burden of obesity in the country, which is expected to have a high demand for bariatric surgery, where the closure devices play a crucial role and drive the market segment over the forecast period.
Australia Bariatric Surgery Industry Overview
The Australian bariatric surgery market is moderately competitive and consists of several major players. With the rising patient awareness and increasing obese population, a few other smaller players are also expected to enter the market in the coming years. The major players in the Australian bariatric surgery market are Apollo Endosurgery Inc., B. Braun SE, Conmed Corporation, Intuitive Surgical Inc., Johnson & Johnson, Medtronic, Olympus Corporation, and The Cooper Companies, Inc.
Australia Bariatric Surgery Market Leaders
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Apollo Endosurgery Inc.
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Intuitive Surgical Inc.
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B. Braun SE
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Medtronic
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Johnson & Johnson
*Disclaimer: Major Players sorted in no particular order
Australia Bariatric Surgery Market News
- November 2022: St George Private Hospital, Australia, consulting Bariatric surgeon drafted new international bariatric surgery guidelines. The bariatric surgery guidelines act as clinical guides on identifying, evaluating, and treating overweight and obesity in adults.
- January 2022: Bariatric surgeons saw benefits delivered to patients from the anatomy-based approach of Titan SGS surgical stapler technology from Standard Bariatrics, Inc. Since its first use in gastric sleeve surgery in August 2021, the Titan SGS has now been used in over 1,000 clinical cases and efficacy data continues to build.
Australia Bariatric Surgery Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
-
4.2 Market Drivers
- 4.2.1 Rising Burden of Diabetes and Heart Diseases
- 4.2.2 Increase in Obesity Among People
- 4.2.3 Rapid Advancements and Innovation
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4.3 Market Restraints
- 4.3.1 High Cost of Surgery
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4.4 Porter Five Forces
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD million)
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5.1 By Device
- 5.1.1 Assisting Devices
- 5.1.1.1 Suturing Device
- 5.1.1.2 Closure Device
- 5.1.1.3 Stapling Device
- 5.1.1.4 Trocars
- 5.1.1.5 Other Assisting Devices
- 5.1.2 Implantable Devices
- 5.1.2.1 Gastric Bands
- 5.1.2.2 Electrical Stimulation Devices
- 5.1.2.3 Gastric Balloons
- 5.1.2.4 Gastric Emptying
- 5.1.3 Other Devices
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Apollo Endosurgery Inc.
- 6.1.2 B. Braun SE
- 6.1.3 Conmed Corporation
- 6.1.4 Intuitive Surgical Inc.
- 6.1.5 Johnson & Johnson
- 6.1.6 Medtronic PLC
- 6.1.7 Olympus Corporation
- 6.1.8 The Cooper Companies, Inc.
- 6.1.9 ReShape Lifesciences, Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityAustralia Bariatric Surgery Industry Segmentation
As per the scope of the report, bariatric surgery or weight loss surgery is used as one of the major treatment procedures for treating obesity. It is generally the last option for patients who have failed to lose weight by several other means. During this procedure, the stomach size is reduced by either removing some parts of the stomach or using a gastric band. The Australia Bariatric Surgery Market is segmented by Device (Assisting Devices (Suturing Devices, Closure Devices, Stapling Devices, Trocars, and Other Assisting Devices), Implantable Devices (Gastric Bands, Electrical Stimulation Devices, Gastric Balloons, and Gastric Emptying), and Other Devices). The report offers the value (in USD million) for the above segments.
| By Device | Assisting Devices | Suturing Device |
| Closure Device | ||
| Stapling Device | ||
| Trocars | ||
| Other Assisting Devices | ||
| By Device | Implantable Devices | Gastric Bands |
| Electrical Stimulation Devices | ||
| Gastric Balloons | ||
| Gastric Emptying | ||
| By Device | Other Devices |
Australia Bariatric Surgery Market Research FAQs
What is the current Australia Bariatric Surgery Market size?
The Australia Bariatric Surgery Market is projected to register a CAGR of 5.60% during the forecast period (2024-2029)
Who are the key players in Australia Bariatric Surgery Market?
Apollo Endosurgery Inc., Intuitive Surgical Inc., B. Braun SE, Medtronic and Johnson & Johnson are the major companies operating in the Australia Bariatric Surgery Market.
What years does this Australia Bariatric Surgery Market cover?
The report covers the Australia Bariatric Surgery Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Australia Bariatric Surgery Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
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