Weight-Loss Devices Market, Size, Share, Growth, Trends, Insight and Industry Forecast, 2021-2028

SKU: DMMD3617 | Last Updated On: Aug 31 2021 | No. of Pages: 180 | Available Formats

> Global Weight-Loss Devices Market Expected to reach at a high CAGR by 2028: DataM Intelligence

Global Weight-Loss Devices Market is segmented By Type (Gastric band, Gastric balloon system, Electrical stimulation system, Gastric emptying system, Others), By Application (Hospitals, Clinics, Household, Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2021-2028

Market Overview

The Weight-Loss Devices Market The size was valued at US$ XX billion in 2020 and is estimated to reach US$ XX billion by 2028, growing at a CAGR of XX % during the forecast period (2021-2028). 

Devices which aid weight-loss are intended to help the patients lose their weight. Typically,with the help of weight-loss devices 50 percent of patients lose at least 5 percent of their initial body weight.

Source: DataM Intelligence Analysis (2020)

Market Dynamics

The increasing prevalence of obesity and technological advancements in the healthcare system will drive the forecast period.

The increasing prevalence of obesity will drive the weight-loss devices market

The most important public health problems faced by the world today is the epidemic of obesity. Globally, adult obesity is common than under-nutrition.

According to the World Health Organisation, there are approximately 2 billion adults overweight. Of those, around 650 million are considered to be obese (BMI ≥30 kg/m²). Which equates to 39% (39% of men and 40% of women) of adults aged 18 or over who were overweight, with 13% obese. If the trend continues by 2025, it is estimated that 2.7 billion adults will be overweight, over 1 billion affected by obesity, and 177 million adults will be affected.

Therapies for weight loss or weight management start from healthy eating,exercise, prescription medicine,use of medical devices, and surgery. Typically healthy eating and exercise are recommended to help a person who is overweight lose excess weight. In recent times, there are four types of FDA-regulated devices intended for weight loss.

Technological advancements in the healthcare system will drive the market in the forecast period

The growing obesity epidemic has resulted in the need to create new, less invasive treatments, with a wider margin of safety and effectiveness for conditioning weight loss, at least more significant than the result obtained from treatment based on exercise and diet. Emerging new therapies include devices that are endoscopically placed and removed, classified as space-occupying devices, endoluminal bypass, restrictive or anatomic-remodeling procedures, and duodenal mucosal resurfacing.

In April 2019, the U.S. FDA authorized marketing for Plenity, a new weight management device to help overweight or obese adults. It is the first FDA approved weight loss product  for people with a body mass index (BMI) of 25 or greater whereas other therapies can only be prescribed for people with a BMI of 30 or higher.

High cost and lack of awareness of the devices will hamper the weight-loss devices market

The weight-loss devices include gastric band devices, gastric space-occupying devices, and gastric emptying devices. The weight-management devices include oral removable palatal space-occupying devices and ingested transient gastric space-occupying devices. The effectiveness, safety, and cost of anti-obesity medical devices vary considerably by the type of medical device.

Health professionals and physicians have a unique opportunity to raise awareness of their weight status and its associated health risks in obese patients' and offer advice on weight management. Doctors are recommended to screen for obesity in the USA and refer all obese patients for weight loss treatment. Despite these recommendations, the current figures indicate that only a minority of health professionals routinely give weight advice. A range of barriers, including lack of time, lack of training or confidence, inadequate knowledge and teaching materials which are inadequate, have been identified as contributing to the relatively low rates of weight control advice from health professionals.

COVID-19 Impact Analysis

After facing disruption in the supply chain due to the Covid-19, induced lockdown, the weight-loss devices market is shaping its strategies to bank on rising in-home use and consumers' enhanced focus on health and wellness. The weight-loss devices segment relies on manufacturing and regulatory approvals for sales, which have been severely impacted due to the pandemic.

Weight-Loss Devices Market Segment Analysis

The gastric balloon system segment will dominate the weight-loss devices market

A weight-loss procedure called intragastric balloon placement involves placing a saline-filled silicone balloon in the stomach. This procedure helps to lose weight by limiting how much one can eat and making one feel fuller faster.The gastric balloons are designed to remain temporarily in the stomach for a period ranging from 16 weeks up to 12 months. Endoscopically placed balloons are then deflated and removed by way of another endoscopy. The 'procedure less balloon is designed to self-deflate and is then passed naturally into the toilet. Gastric balloons effectively reduce appetite and improve the feel of fullness (or satiety) after eating.  They are regarded as effective training wheels – they are temporary devices to help kick start weight loss and institute long-lasting dietary and lifestyle changes. The intragastric balloon is more effective when combined with a comprehensive lifestyle program delivered by the doctor and specialist dietitian, behavioral and exercise professionals.

The new ORBERA™, FDA-approved Managed Weight Loss System showed that within six months the average person lost 3.1 times the weight compared with diet and exercise alone. With over 220,000 balloons distributed in over 80 countries, ORBERA™ is documenting positive results.

The hospitals segment will dominate the market

Obesity is a major drive in the development of diabetes and cardiovascular disease. Weight reduction and maintenance are key therapeutic goals in managing obesity and its associated comorbidities, type 2 diabetes in particular. The ultimate goal in developing medical devices for obesity is to create a semi-permanent or permanent intervention associated with little or no side effects. To provide a long-term solution for the treatment of obese patients the procedures need to be easy and safe to perform with the efficacy of the device maintained for long treatment periods. Most of these therapies described are in their investigational stages still and at present, are not likely to displace bariatric surgery in the treatment algorithm of obesity. It requires proper guidance and care, which is available in hospitals. To promote initial weight loss in patients before them undergoing elective surgery to reduce their intraoperative risk these devices may be used as an adjunct to surgery. Hospitals provide the best medical practitioner and advanced medical devices for weight loss. Hence, this segment will dominate the market.

Geographical Analysis

North America region will dominate the weight-loss devices market

Approximately two out of three U.S. adults are obese or overweight (69%), and one out of three is obese (36%). NHANES show that 39.6% of adults, 18.5 % of children ages 2 to 19 in America have obesity. The State of Obesity report noted that "these are the highest rates ever documented by NHANES. Approximately 70% of American adults are obese or overweight. Being obese or overweight is a serious health issue associated with some leading causes of death, including heart disease, stroke, diabetes, and it is also linked with an increased risk of a specific type of cancer.

Allurion Technologies, an established leader in developing proven, innovative and trusted weight loss experiences, announced the flagship Elipse gastric balloon by submission of Premarket Approval (PMA). Previously it had announced the successful completion of its landmark FDA pivotal study and the hiring of key personnel who will be leading the US market launch. For the eventual entry into the US market, the company has laid the foundation of these mildstones.

Source: DataM Intelligence Analysis (2020)

Competitive Landscape

Some key players in the weight-loss devices market are ReShape Lifesciences, Inc, Helioscopie Medical Implants,  Allurion, Spatz FGIA, Obalon Therapeutics, Inc, Medsil, Endalis, Silimed, Ethicon, Inc, Millenium Surgical Corporation, Zhengzhou YKinspection Enterprise Co., Ltd., Chongqing Xishan Science & Technology Co., Ltd, Guangzhou Lety Medical Limited

Weight-Loss Devices Market Key Companies to Watch

ReShape Lifesciences, Inc

Overview: ReShape Lifesciences Inc. is America's premier weight-loss and metabolic health solutions company, offering an integrated approach to managing and treating obesity.

The FDA-approved Lap-Band® program for weight loss is an alternative to more invasive surgical stapling procedure such as gastric bypass or sleeve gastrectomy that provides minimally invasive, long-term treatment of obesity. The ReShape Vest™ System is an investigational minimal invasive medical device, laparoscopically implanted that wraps around the stomach, emulating the gastric volume reduction effect of conventional weight-loss surgery. It helps with rapid weight loss in obese and morbidly obese patients without permanently changing patient anatomy. The recently launched 𝗋𝖾𝗌𝗁𝖺𝗉𝖾𝗰𝗮𝗿𝗲™ virtual health coaching program is a reimbursed, virtual telehealth, weight-management program that supports lifestyles changes for all weight-loss patients to help them keep the weight off over time. 

Product Portfolio: The company comprises Medical Devices, Minimally Invasive, Obesity, Metabolic Diseases, Gastrointestinal Disorders, Weight Loss, Bariatric Surgery, Gastric Vest System, Weight Management, Virtual Health Coaching, Virtual Weight Management, and Weight loss Surgery.

Key Development: On January 20, 2021, ReShape Lifesciences Inc., a global weight-loss solutions leader, announced that it has entered into a definitive merger agreement with Obalon Therapeutics, Inc., which is listed on the NASDAQ Capital Market, a company focused on developing and commercializing novel technologies for weight loss, under which ReShape and Obalon will combine in an all-stock transaction.

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The weight-loss devices market report would provide an access to an approx. 53 market data table, 45  figures and 200 pages. 

Target Audience

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers

Market Segmentation

Weight-Loss Devices Market- By Type

  • Gastric balloon system
  •  Gastric band
  • Electrical stimulation system
  • Gastric emptying system
  • Others

Weight-Loss Devices Market- By Application

  • Hospital
  • Clinics
  • Household
  • Others

Weight-Loss Devices Market- By Region

  • North America
  • South America
  • Europe
  • Asia
  • Middle East & Africa

Table of Contents

  1. Weight-Loss Devices Market Methodology and Scope

    1. Research Methodology
    2. Research Objective and Scope of the Report
  2. Weight-Loss Devices Market– Market Definition and Overview

  3. Weight-Loss Devices Market– Executive Summary

    1. Market Snippet By Type
    2. Market Snippet By Application
    3. Market Snippet by Region
  4. Weight-Loss Devices Market– Market Dynamics

    1. Market Impacting Factors
      1. Drivers
        1. The increasing prevalence of obesity will drive the weight-loss devices market
        2. Technological advancements in the healthcare system will drive the market in the forecast period
      2. Restraints:
        1. High cost and lack of awareness of the devices will hamper the weight-loss devices market
      3. Opportunity
      4. Impact Analysis
  5. Weight-Loss Devices Market– Industry Analysis

    1. Porter's Five Forces Analysis
    2. Epidemiology Analysis
    3. Supply Chain Analysis
    4. Pricing Analysis
    5. Regulatory Analysis
    6. Reimbursement Analysis
    7. Unmet Needs
  6. Weight-Loss Devices Market– COVID-19 Analysis

    1. Analysis of Covid-19 on the Market
      1. Before COVID-19 Market Scenario
      2. Present COVID-19 Market Scenario
      3. After COVID-19 or Future Scenario
    2. Pricing Dynamics Amid Covid-19
    3. Demand-Supply Spectrum
    4. Government Initiatives Related to the Market During Pandemic
    5. Manufacturers Strategic Initiatives
    6. Conclusion 
  7. Weight-Loss Devices Market– By Type

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type Segment
      2. Market Attractiveness Index, By Type Segment
    2. Gastric band*
      1. Introduction
      2. Market Size Analysis, US$ Million, 2018-2028 and Y-o-Y Growth Analysis (%), 2020-2028
    3.  Gastric balloon system
    4. Electrical stimulation system
    5. Gastric emptying system
    6. Others
  8. Weight-Loss Devices Market– By Application

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application Segment
      2. Market Attractiveness Index, By Application Segment
    2. Hospitals *
      1. Introduction
      2. Market Size Analysis, US$ Million, 2018-2028 and Y-o-Y Growth Analysis (%), 2020-2028
    3. Clinics
    4.  Household
    5. Others
  9. Weight-Loss Devices Market– By Region

    1. Introduction
      1. Market Size Analysis, US$ Million, 2018-2028 and Y-o-Y Growth Analysis (%), 2020-2028, By Region
      2. Market Attractiveness Index, By Region
    2. North America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. U.S.
        2. Canada
        3. Mexico
    3. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Germany
        2. U.K.
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    4. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    5. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. Rest of Asia Pacific
    6. Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
  10. Weight-Loss Devices Market– Competitive Landscape

    1. Key Developments and Strategies
    2. Company Share Analysis
    3. Product Benchmarking
    4. Key Companies to Watch
    5. Company with disruptive technology
    6. Start Up Companies
  11. Weight-Loss Devices Market–Company Profiles

    1. ReShape Lifesciences,Inc*
      1. Company Overview
      2. Product Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. Helioscopie Medical Implants
    3. Allurion
    4. Spatz FGIA
    5. Obalon Therapeutics,Inc
    6. Medsil
    7. Millenium Surgical Corporation
    8. Zhengzhou YKinspection Enterprise Co., Ltd.
    9. Chongqing Xishan Science & Technology Co., Ltd
    10. Guangzhou Lety Medical Limited(*LIST NOT EXHAUSTIVE)
  12. Weight-Loss Devices Market– DataM  

    1. Appendix
    2. About Us and Services
    3. Contact Us

List of Tables & Figures

List of Tables

Table 01 Weight-Loss Devices MarketValue, By Type, 2020, 2024 & 2028($ Million)

Table 02 Weight-Loss Devices MarketValue, By Application, 2020, 2024 & 2028($ Million)

Table 03 Weight-Loss Devices MarketValue, By Region, 2020, 2024 & 2028($ Million)

Table 04 Weight-Loss Devices MarketValue, By Type, 2020, 2024 & 2028($ Million)

Table 05 Weight-Loss Devices MarketValue, By Type, 2018-2028 ($ Million)

Table 06 Weight-Loss Devices MarketValue, By Application, 2020, 2024 & 2028($ Million)

Table 07 Weight-Loss Devices MarketValue, By Application, 2018-2028 ($ Million)

Table 08  Weight-Loss Devices MarketValue, By Region, 2020, 2024 & 2028($ Million)

Table 09 Weight-Loss Devices MarketValue, By Region, 2018-2028 ($ Million)

Table 10 North America Weight-Loss Devices MarketValue, By Type, 2018-2028 ($ Million)

Table 11  North America Weight-Loss Devices MarketValue, By Application, 2018-2028 ($ Million)

Table 12 North America Weight-Loss Devices MarketValue, By Country, 2018-2028 ($ Million)

Table 13 South America Weight-Loss Devices MarketValue, By Type, 2018-2028 ($ Million)

Table 14 South America Weight-Loss Devices MarketValue, By Application, 2018-2028 ($ Million)

Table 15 South America Weight-Loss Devices MarketValue, By Country, 2018-2028 ($ Million)

Table 16 Europe Weight-Loss Devices MarketValue, By Type, 2018-2028 ($ Million)

Table 17  Europe Weight-Loss Devices MarketValue, By Application, 2018-2028 ($ Million)

Table 18 Europe Weight-Loss Devices MarketValue, By Country, 2018-2028 ($ Million)

Table 19 Asia-Pacific Weight-Loss Devices MarketValue, By Type, 2018-2028 ($ Million)

Table 20 Asia-Pacific Weight-Loss Devices MarketValue, By Application, 2018-2028 ($ Million)

Table 21 Asia-Pacific Weight-Loss Devices MarketValue, By Country, 2018-2028 ($ Million)

Table 22 Middle East & Africa Weight-Loss Devices MarketValue, By Type, 2018-2028 ($ Million)

Table 23 Middle East & Africa Weight-Loss Devices MarketValue, By Application, 2018-2028 ($ Million)

Table 24 ReShape Lifesciences,Inc: Overview

Table 25 ReShape Lifesciences,Inc: Product Portfolio

Table 26 ReShape Lifesciences,Inc: Key Developments

Table 27 Helioscopie Medical Implants: Overview

Table 28 Helioscopie Medical Implants: Product Portfolio

Table 29 Helioscopie Medical Implants: Key Developments

Table 30 Allurion: Overview

Table 31 Allurion: Product Portfolio

Table 32 Allurion: Key Developments

Table 33 Spatz FGIA: Overview

Table 34 Spatz FGIA: Product Portfolio

Table 35 Spatz FGIA: Key Developments

Table 36 Obalon Therapeutics,Inc: Overview

Table 37 Obalon Therapeutics,Inc: Product Portfolio

Table 38 Obalon Therapeutics,Inc: Key Developments

Table 39 Medsil: Overview

Table 40 Medsil: Product Portfolio

Table 41 Medsil: Key Developments

Table 42 Millenium Surgical Corporation Overview

Table 43 Millenium Surgical Corporation: Product Portfolio

Table 44 Millenium Surgical Corporation: Key Developments

Table 45 Zhengzhou YKinspection Enterprise Co., Ltd.: Overview

Table 46 Zhengzhou YKinspection Enterprise Co., Ltd.: Product Portfolio

Table 47 Zhengzhou YKinspection Enterprise Co., Ltd.: Key Developments

Table 48 Chongqing Xishan Science & Technology Co., Ltd.: Overview

Table 49 Chongqing Xishan Science & Technology Co., Ltd.: Product Portfolio

Table 50 Chongqing Xishan Science & Technology Co., Ltd.: Key Developments

Table 51 Guangzhou Lety Medical Limited: Overview

Table 52 Guangzhou Lety Medical Limited: Product Portfolio

Table 53 Guangzhou Lety Medical Limited: Key Developments

   List of Figures

Figure 01 Weight-Loss Devices MarketShare, By Type, 2020 & 2028(%)

Figure 02 Weight-Loss Devices MarketShare, By Application, 2020 & 2028(%)

Figure 03 Weight-Loss Devices MarketShare, By Region, 2020 & 2028(%)

Figure 04 Weight-Loss Devices MarketValue, 2018-2028 ($ Million)

Figure 05 Weight-Loss Devices MarketY-o-Y Growth, By Type, 2020-2028 (%)

Figure 06 Gastric balloon system: Weight-Loss Devices MarketValue, 2018-2028 ($ Million)

Figure 07 Gastric band: Weight-Loss Devices MarketValue, 2018-2028 ($ Million)

Figure 08          Electrical stimulation system: Weight-Loss Devices MarketValue, 2018-2028 ($ Million)

Figure 09 Gastric emptying system: Weight-Loss Devices MarketValue, 2018-2028 ($ Million)

Figure 10 Others : Weight-Loss Devices Market Value, 2018-2028 ($ Million)

Figure 11  Weight-Loss Devices Market Y-o-Y Growth, By Application, 2020-2028 (%)

Figure 12 Hospitals: Weight-Loss Devices Market Value, 2018-2028 ($ Million)

Figure 13 Clinics: Weight-Loss Devices Market Value, 2018-2028 ($ Million)

Figure 14 Household: Weight-Loss Devices Market Value, 2018-2028 ($ Million)

Figure 15 Others: Weight-Loss Devices Market Value, 2018-2028 ($ Million)

Figure 16 Weight-Loss Devices Market Y-o-Y Growth, By Region, 2020-2028 (%)

Figure 17  North America Weight-Loss Devices MarketValue, 2018-2028 ($ Million)

Figure 18 North America Weight-Loss Devices MarketShare, By Type, 2020 & 2028(%)

Figure 19 North America Weight-Loss Devices MarketShare, By Application, 2020 & 2028(%)

Figure 20 North America Weight-Loss Devices MarketShare, By Country, 2020 & 2028(%)

Figure 21 South America Weight-Loss Devices MarketValue, 2018-2028 ($ Million)

Figure 22 South America Weight-Loss Devices MarketShare, By Type, 2020 & 2028(%)

Figure 23 South America Weight-Loss Devices MarketShare, By Application, 2020 & 2028(%)

Figure 24 South America Weight-Loss Devices MarketShare, By Country, 2020 & 2028(%)

Figure 25 Europe Weight-Loss Devices MarketValue, 2018-2028 ($ Million)

Figure 26 Europe Weight-Loss Devices MarketShare, By Type, 2020 & 2028(%)

Figure 27 Europe Weight-Loss Devices MarketShare, By Application, 2020 & 2028(%)

Figure 28 Europe Weight-Loss Devices MarketShare, By Country, 2020 & 2028(%)

Figure 29 Asia-Pacific Weight-Loss Devices MarketValue, 2018-2028 ($ Million)

Figure 30 Asia-Pacific Weight-Loss Devices MarketShare, By Type, 2020 & 2028(%)

Figure 31 Asia-Pacific Weight-Loss Devices MarketShare, By Application, 2020 & 2028(%)

Figure 32 Asia-Pacific Weight-Loss Devices MarketShare, By Country, 2020 & 2028(%)

Figure 33 Middle East & Africa Weight-Loss Devices MarketValue, 2018-2028 ($ Million)

Figure 34 Middle East & Africa Weight-Loss Devices MarketShare, By Type, 2020 & 2028(%)

Figure 35 Middle East & Africa Weight-Loss Devices MarketShare, By Application, 2020 & 2028(%)

Figure 36 ReShape Lifesciences,Inc: Financials

Figure 37 Helioscopie Medical Implants: Financials

Figure 38 Allurion: Financials

Figure 39 Spatz FGIA: Financials

Figure 40 Obalon Therapeutics,Inc: Financials

Figure 41 Medsil: Financials

Figure 42 Millenium Surgical Corporation Financials

Figure 43 Zhengzhou YKinspection Enterprise Co., Ltd.: Financials

Figure 44 Chongqing Xishan Science & Technology Co., Ltd.: Financials

Figure 45 Guangzhou Lety Medical Limited: Financials

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