Bariatric Surgery Devices Market Analysis 2019 Key News by Top Companies with Latest Technology, Developments, Revenue, Size and Industry Growth Insights to 2023
Bariatric Surgery Devices Market Overview
The Bariatric Surgery Devices Market is presumed to
expand at 5.5 % CAGR during the forecast period (2018-2023) owing to the
growing technical advanced devices, asserts Market Research Future (MRFR).
Bariatric surgery refers to the procedure performed to reduce weight in which
the stomach size is reduced either by cutting a small portion of the stomach,
by using a gastric band, or by resecting small intestine into the stomach.
Undertaking a bariatric surgery has become necessary especially among the obese
and the overweight population.
Drivers and Constraints Impacting the Market
The Bariatric
Surgery Devices Market is mainly driven by the growing technical
advanced devices, increasing prevalence of obesity, rise in the number of
regulatory approvals, and increasing penetration of key market players. Also,
with the increasing healthcare awareness, increasing innovation in R&D of
medical devices, and favorable reimbursement policies along with growing
average income are some of the favorable factors impacting the global market
positively. Moreover, excessive intake of calories along with growing rate of
obesity due to changing lifestyle habits are predicted to propel the market
during the review period.
On the flip side, lack of proper health care infrastructure,
complicated and costly surgical procedures are likely to inhibit the market
growth globally. Additionally, a lack of awareness regarding obesity in
middle-income industries poses a threat to the growth of the market.
Global Bariatric Surgery Devices Market: Segmental
Analysis
The global Bariatric Surgery Devices Industry has been
segmented on the basis of procedure type, devices, end-user, and region.
By mode of devices, the global market has been segmented
into implantable devices, assisting devices, and others. Among these, the
assisting devices segment is sub-segmented into suturing devices, stapling
devices, trocars, incision closure devices, and others. Implantable devices are
further sub-segmented into gastric emptying devices, gastric bands, gastric
balloons, electrical stimulation devices, and others. By mode of procedure, the
global market has been segmented into sleeve gastrectomy, non-invasive
bariatric surgery, biliopancreatic diversion with duodenal switch, gastric
bypass, gastric bypass, adjustable gastric banding, mini-gastric bypass, and
revision bariatric surgery.
By mode of end-users, the global market has been segmented
into ambulatory surgical centers, bariatric surgery clinics, hospital
pharmacies, and others.
Regional Analysis
Geographically, the Bariatric Surgery Devices Industry spans
across regions namely, Europe, America, Asia Pacific, and the Middle East and
Africa.
Among all the regions, America has been considered to be the
global leader in bariatric surgery devices due to the growing prevalence of
obesity in this region. Besides, growing government funding and initiatives for
research and development, abuse of drugs and alcohol, increasing food chain,
coupled with growing demand for technologically advanced treatment are
estimated to foster the market growth during the assessment period.
Europe has been considered to hold the second-largest
position in the market owing to the major factors such as growing expenditure
on healthcare, availability of advanced treatment facilities, government
initiatives for healthcare reforms, and need for better healthcare
infrastructure.
Asia Pacific has been presumed to be the fastest growing
market due to high adoption rate of healthcare technology, initiatives by the
government to increase the quality of healthcare, growing patient-tool due to
obesity and related diseases, favorable reimbursement policies along with the
presence of major market players like Medtronic and Boston Scientific Corporation.
Industry News
A team of surgery doctors from Gleneagles Global Hospitals
at Parel have started endoscopic sleeve gastroplasty. Dr Amit Maydeo, a
renowned gastroenterologist of the Baldota Institute of Digestive Sciences,
Global Hospital claims that this technique has been introduced in the country
for the first time. FDA has approved the use of a device called over stitch,
which is meant for suture perforation.
Bariatric Surgery Devices Market Information: By
Devices (Assisting and Implantable Devices), by Procedure (Sleeve Gastrectomy,
Gastric Bypass, Mini-Gastric Bypass, Revision Bariatric Surgery), by End-User
(Hospitals & Clinics) – Global Forecast Till 2023 @ https://www.marketresearchfuture.com/reports/bariatric-surgery-devices-market-6107
The major players operating the global market
·
Mediflex Surgical Products
·
Intuitive Surgical
·
Medtronic
·
Agency for Medical Innovation
·
TransEnterix, Inc.
·
Aspire Bariatrics
·
ReShape Lifescience
·
EnteroMedics, Inc.
·
Ethicon
·
Apollo Endosurgery
Related Healthcare News
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Future:
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