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Industry Insights on Bariatric Surgery Devices Market 2018-2024| Key Players: W. L. Gore & Associates, CONMED Corporation, Integra LifeSciences, Medtronic, Ethicon, Inc.

11-28-2018 02:21 PM CET | Health & Medicine

Press release from: Global Market Insights, Inc

Bariatric Surgery Devices Market

Bariatric Surgery Devices Market

Advances to reduce undesirable effects and complications post-surgery will foster business growth. For instance, in May 2016, Apollo Endosurgery launched a non-surgical incision less Orbera Coach Platform for bariatric surgery. This product offer surgeons to design treatment procedure, thus meeting specific needs of the patient. Such advancements will propel bariatric surgery devices industry growth during the projected timeframe.

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Sleeve gastrectomy segment held largest revenue share of 44.9% in 2017. The segmental growth is attributable to growing burden of obesity coupled with high adoption rate of sleeve gastrectomy. High adoption rate is attributable to high effectiveness and batter patient outcome. Affordability and less complications of sleeve gastrectomy will promote segmental growth in forthcoming period.

Gastric bypass segment will grow with a remarkable rate of 5.8% CAGR during the forecast timeframe. High growth rate is credited to enhanced weight loss provided by gastric bypass procedure. Reduction in length of stay in healthcare facilities is major factor propelling segmental growth. Reduction in appetite will result in significant weight loss, thereby increasing patient preference towards gastric bypass procedure in the future.

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.

Bariatric Surgery Devices Market, by Product
o Minimally invasive surgical devices
o Stapling devices
o Energy/vessel-sealing devices
o Suturing devices
o Others
o Non-invasive surgical devices
Bariatric Surgery Devices Market, by Procedure
o Minimally invasive surgical devices
o Stapling devices
o Energy/vessel-sealing devices
o Suturing devices
o Non-invasive surgical devices

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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