Bariatric Surgery Devices Market 2020 By Revenue, Top Trend & Regional Growth Forecast
Category: #business  By Ronak Bora  Date: 2021-03-31
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Bariatric Surgery Devices Market 2020 By Revenue, Top Trend & Regional Growth Forecast

Bariatric Surgery Devices Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Global bariatric surgery devices market is estimated to witness a tremendous growth over the projected timeframe of 2019 to 2025, considering the increasing rate of obesity across the globe. According to the WHO statistics, in 2016, over 1.9 billion adults aged 18 years and above were overweight and out of these more than 650 million adults were obese. Also, more than 340 million children and adolescents in the age group of 5 to 19 years were either obese or overweight in 2016. Such considerable rise in obesity cases has increased the number of people opting for bariatric procedures, which in turn will fuel the demand for bariatric surgery devices.

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Moreover, rising government funding coupled with supportive reimbursement policies for bariatric surgeries across developed countries will accentuate the industry growth in the upcoming years. For instance, the American Society for Metabolic and Bariatric Surgery (ASMBS) finances the research activities dedicated towards the development of enhanced solutions. Several organizations provide financial aid to the patients undergoing bariatric surgery and, in some cases, full reimbursement is also provided, which will increase the patient preference for bariatric surgery for weight loss.

According to Global Market Insights, Inc. report, bariatric surgery devices market size is projected to surpass USD 2.2 billion by 2025.

Technological advancements in bariatric surgical devices in terms of high reliability and accuracy level facilitating efficient patient management will serve as a prominent growth factor for the industry expansion. Besides, manufacturers have been developing enhanced bariatric surgery devices to effectively cater to patient needs, which will open new growth avenues for the overall market in the years to follow.

For instance, in 2016, Apollo Endosurgery announced the launch of its non-surgical and incisionless weight loss procedure named Orbera Coach platform. According to the company, this procedure is capable of meeting specific needs of the patients undergoing bariatric surgery.

Adjustable gastric banding segment is projected to register a CAGR of 5.5% over the forecast period attributing to the benefits being offered by this procedure such as rerouting of intestines and minor incision of stomach. Moreover, adjustable gastric banding involves relatively lower post-operative complications which will positively influence its demand over the forthcoming years.

Asia Pacific bariatric surgery devices industry had registered a valuation of over USD 390 million in 2018 and is estimated to observe a substantial growth over the coming years. This can be attributed to the growing adoption of these surgical devices, largely driven by rising prevalence of obesity in the region. In addition, advancements in healthcare infrastructure and increasing patient preference for minimally invasive procedures will further support the industry growth.

Major industry players operating in bariatric surgery devices market such as Olympus, Intuitive Surgical, Reshape Lifesciences, Integra Life Sciences, CONMED, Medtronic, B. Braun, Ethicon, Apollo Endosurgery and W. L. Gore & Associates are focused on implementing effective strategies such as new product launches, mergers and acquisitions in order to gain a competitive edge in the market.

Browse full table of contents (TOC) of this report @ https://www.decresearch.com/toc/detail/bariatric-surgery-devices-market

Partial Chapter of the Table of Content 

Chapter 4. Bariatric Surgery Devices Market, By Product

4.1. Key segment trends

4.2. Minimally invasive surgical devices (MISD)

4.2.1. Market size, by region, 2014 – 2025 (USD Million)

4.2.2. Stapling devices

4.2.2.1. Market size, by region, 2014-2025 (USD Million)

4.2.3. Energy/vessel-sealing devices

4.2.3.1. Market size, by region, 2014-2025 (USD Million)

4.2.4. Suturing devices

4.2.4.1. Market size, by region, 2014-2025 (USD Million)

4.2.5. Others

4.2.5.1. Market size, by region, 2014-2025 (USD Million)

4.3. Non-invasive surgical devices (NISD)

4.3.1. Market size, by region, 2014 – 2025 (USD Million)

Chapter 5. Bariatric Surgery Devices Market, By Procedure

5.1. Key segment trends

5.2. Sleeve gastrectomy

5.2.1. Market size, by region, 2014-2025 (USD Million)

5.3. Gastric bypass

5.3.1. Market size, by region, 2014-2025 (USD Million)

5.4. Revision bariatric surgery

5.4.1. Market size, by region, 2014-2025 (USD Million)

5.5. Non-invasive bariatric surgery

5.5.1. Market size, by region, 2014-2025 (USD Million)

5.6. Adjustable gastric banding

5.6.1. Market size, by region, 2014-2025 (USD Million)

5.7. Mini-gastric bypass

5.7.1. Market size, by region, 2014-2025 (USD Million)

5.8. Others

5.8.1. Market size, by region, 2014-2025 (USD Million)

 

About Author

Ronak Bora    

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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