Below are some of the key findings from the bariatric surgery devices market research report
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from the report.
Global bariatric surgery devices industry overview
The increasing number of bariatric surgeries is one of the key factors expected to trigger the market’s growth in the forthcoming years. Owing to the sedentary lifestyle, the obese population has increased rapidly across the world. The introduction of laparoscopic surgical technique for the treatment of obesity has further paved the way for the rising prevalence of bariatric surgeries. It is the most effective and durable treatment option for obese patients. This will further propel the demand for these devices in the forthcoming years. The procedure is also gaining traction owing to the growing awareness and education about risk factors associated with obesity. The growing awareness and education about risk factors associated with obesity also contributed to the prevalence of the procedure and increasing the bariatric surgery market size. This will further drive the bariatric surgery devices market to register a CAGR of close to 10% during the forecast period.
Furthermore, several emerging technological advances in weight loss surgery will gain prominence in the market throughout the forecast period. The technological advances are further likely to improve the reliability of frequently performed procedures. There are also promising new procedures and techniques that could be readily available in the future. Procedures such as Primary Obesity Surgery Endolumenal (POSE), Laparoscopic greater curvature plication (LGCP), and hand-assisted laparoscopic surgery (HALS) are gaining popularity in the US and the UK. Such advances will further propel the bariatric surgery devices market growth during the next few years.
Top companies covered in the bariatric surgery devices market research report
The bariatric surgery devices market is moderately fragmented with companies focusing on launching innovative and high-quality products to cater to the evolving end-user requirements. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, the industry analysis report will allow clients to assess the market potential and make informed business decisions for strengthening their position in the market.
The report offers a complete analysis of various companies including:
- Apollo Endosurgery, Inc.
- Intuitive Surgical
- Johnson & Johnson Services, Inc.
- Medtronic
- Olympus Corporation
- ReShape Lifesciences, Inc.
Bariatric surgery devices market segmentation based on geographic regions
- North America
- ROW
- Europe
- Asia
With a complete study of the growth opportunities for the companies, North America accounted for the highest bariatric surgery devices market share during 2018 owing to the high prevalence of obesity in the region. Also, the increasing preference of the patients towards minimally invasive techniques for weight loss is driving the growth of the market in the region. The ROW segment, however, will account for the highest incremental growth in the forthcoming years.
Bariatric surgery devices market segmentation based on the procedure
- Sleeve gastrectomy (SG)
- Roux-en-Y gastric bypass (RYGB)
- Adjustable gastric banding (AGB)
- Other bariatric surgeries
The SG segment will account for the highest market share during the forecast period. Additionally, the report also provides an accurate prediction of the contribution of the various procedure segments to the growth of the bariatric surgery devices market size.
Key highlights of the global bariatric surgery devices market for the forecast years 2019-2023:
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the bariatric surgery devices market during the next five years
- Precise estimation of the global bariatric surgery devices market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on the factors that will challenge the growth of the companies
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