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Bariatric Surgery Devices Market Industry Insights 2018-2024| Key Players: Medtronic, Ethicon, Inc., Olympus Corporation of the Americas, W. L. Gore & Associates, CONMED Corporation, Integra LifeSciences
Bariatric Surgery Devices Market
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Medtronic
• Ethicon, Inc.
• Olympus Corporation of the Americas
• W. L. Gore & Associates
• CONMED Corporation
• Integra LifeSciences
• Apollo Endosurgery
• Cousin Biotech
• Aspire Bariatrics
• Grena Limited
• ReShape Lifesciences Inc.
• Mediflex Surgical Products
Minimally invasive surgical device segment dominated in 2017, with segmental revenue of USD 1,378.1 million owing to high adoption rate. Prevention of post operation trauma and other complications such as delayed wound healing will spur the demand for minimally invasive surgical devices. Employment of minimally invasive surgical devices helps reducing recovery time along with prevention of blood loss. These benefits will facilitate accelerating demand for minimally invasive surgical devices in forthcoming years.
Non-invasive surgical device segment will grow at a momentous rate of 6.1% during the forecast timeframe owing to high prevalence of obesity. According to World Health Organization, more than 10% of the world population suffer from obesity. High pervasiveness of obesity will drive the need for development of advanced and innovative surgical devices for treatment of obesity. Shorter recovery time and low post-operative complication are few of the advantages offered by non-invasive surgical devices. Such factors will favour segmental growth in recent years.
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U.S. bariatric surgery devices market contributed to largest revenue of USD 504.8 million in North America in 2017. High disposable income and various reimbursement policies will enable patients to opt bariatric surgical procedures. Bariatric surgery is widely opted treatment procedure for obesity in U.S. due to growing influence for minimally invasive surgical procedures. This will foster regional growth in foreseeable years.
Global Market Insights Inc. is a global market research and management consulting company catering to leading corporations, non-profit organizations, universities and government institutions. Our main goal is to assist and partner organizations to make lasting strategic improvements and realize growth targets. Our industry research reports are designed to provide granular quantitative information, combined with key industry insights, aimed at assisting sustainable organizational development.
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