Mexico Bariatric Surgery Market Size (2024 - 2029)

The Mexican bariatric surgery market is anticipated to experience stable growth, driven by factors such as the resurgence of medical tourism and the increasing prevalence of chronic diseases like diabetes and heart disease. The market's expansion is supported by investments in healthcare infrastructure, which aim to enhance surgical facilities across the country. Despite the challenges posed by the high cost of surgeries, the market is expected to benefit from the improved medical infrastructure and the country's popularity as a healthcare tourism destination.

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Market Size of Mexico Bariatric Surgery Industry

Mexico Bariatric Surgery Market Summary
Study Period 2021 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2021 - 2022
CAGR 4.80 %
Market Concentration Medium

Major Players

Mexico Bariatric Surgery Market Major Players

*Disclaimer: Major Players sorted in no particular order

Mexico Bariatric Surgery Market Analysis

The Mexican bariatric surgery market is poised to register a CAGR of 4.8% during the forecast period.

The pandemic affected the studied market. Various research studies provide insight into the pandemic's effect on the country's medical infrastructures. In July 2021, a research study published in the National Library of Medicine stated that surgeries were canceled or halted due to the pandemic, which adversely impacted market growth. However, the increasing medical tourism in the country is expected to increase market growth during the forecast period. For instance, according to the Mexican Council for the Medical Tourism Industry's data updated in January 2022, Mexico is a popular destination for healthcare tourism. As a result, more people travel to Mexico for treatment. As a result, the country continues to be one of the most popular tourist destinations. This also creates the opportunity for bariatric surgery. As the pandemic has subsided currently, the market has gained some traction, and thus the market is expected to have stable growth during the forecast period of the study.

The major contributors to the market growth are the increasing burden of chronic diseases, such as diabetes and heart disease. Heart disease is another factor in increasing the demand for bariatric surgery in the country. As per the American Heart Association 2022, 56.1% of adults in Mexico s have high levels of LDL-C, or bad cholesterol, which is thought to be the primary risk factor for cardiovascular disease. With financing from Novartis, the American Heart Association has begun a new implementation science program in Mexico, enhancing care for patients with ASCVD, often known as atherosclerosis. With this initiative, cardiology care in the country will increase in terms of prevention and treatment, ultimately boosting the demand for the studied market.

The "Mexican Social Security Institute (IMSS)" also shared plans to invest USD 677.2 million to build 111 new hospitals by 2024. This is expected to drive the studied market growth. These investments are predicted to provide infrastructure for surgeries in hospital and clinic settings, bolstering the overall market growth in the country. However, the high cost of these surgeries can hinder market growth.

Mexico Bariatric Surgery Industry Segmentation

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 size of the stomach is reduced by either removing some parts of the stomach or by using a gastric band. 

The Mexico Bariatric Surgery Market is Segmented by Device Type (Assisting Devices (Suturing Devices, Closuring Devices, Stapling Devices, Trocars, and Other Assisting Devices), Implantable Devices (Gastric Bands, Electrical Stimulation Devices, Gastric Balloon, and Gastric Emptying), and Other Devices). The report offers the values (USD million) for the above segments.

By Device
Assisting Devices
Suturing Devices
Closuring Devices
Stapling Devices
Trocars
Other Assisting Devices
Implantable Devices
Gastric Bands
Electrical Stimulation Devices
Gastric Balloon
Gastric Emptying
Other Devices
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Mexico Bariatric Surgery Market Size Summary

The Mexican bariatric surgery market is experiencing a period of growth, driven by several key factors. The market is recovering from the disruptions caused by the pandemic, which had previously led to the cancellation of surgeries and slowed market expansion. However, the resurgence of medical tourism in Mexico is a significant contributor to market growth, as the country remains a popular destination for healthcare services. The increasing prevalence of chronic diseases, such as diabetes and heart disease, is also fueling demand for bariatric procedures. Initiatives like those from the American Heart Association, which aim to enhance cardiovascular care, are expected to further boost the market. Additionally, investments in healthcare infrastructure by entities like the Mexican Social Security Institute are set to provide the necessary facilities for surgeries, supporting market expansion.

The rising obesity rates in Mexico, coupled with the growing number of diabetes cases, are key drivers of the bariatric surgery market. The high prevalence of obesity, particularly among adults and children, underscores the need for surgical interventions. This demand is expected to increase the use of bariatric devices, such as gastric balloons, which are integral to these procedures. The market is moderately competitive, with major players like B. Braun SE, Boston Scientific Corporation, and Medtronic PLC actively participating. Furthermore, strategic collaborations and investments in healthcare infrastructure, such as those planned by the Jalisco government, are anticipated to enhance the market's growth trajectory over the forecast period.

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Mexico Bariatric Surgery Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increase in the Number of Obese Patients

      2. 1.2.2 Increasing Burden of Chronic Diseases such as Cardiovascular Diseases and Diabetes

    3. 1.3 Market Restraints

      1. 1.3.1 High Cost of Surgery

    4. 1.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value - USD Million)

    1. 2.1 By Device

      1. 2.1.1 Assisting Devices

        1. 2.1.1.1 Suturing Devices

        2. 2.1.1.2 Closuring Devices

        3. 2.1.1.3 Stapling Devices

        4. 2.1.1.4 Trocars

        5. 2.1.1.5 Other Assisting Devices

      2. 2.1.2 Implantable Devices

        1. 2.1.2.1 Gastric Bands

        2. 2.1.2.2 Electrical Stimulation Devices

        3. 2.1.2.3 Gastric Balloon

        4. 2.1.2.4 Gastric Emptying

      3. 2.1.3 Other Devices

Mexico Bariatric Surgery Market Size FAQs

The Mexico Bariatric Surgery Market is projected to register a CAGR of 4.80% during the forecast period (2024-2029)

Boston Scientific Corporation, Johnsons & Johnson, Medtronic Plc, Olympus Corporation and B. Braun SE are the major companies operating in the Mexico Bariatric Surgery Market.

Mexico Bariatric Surgery Report Snapshots

Mexico Bariatric Surgery Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)