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2019 Industry Insights on Bariatric Surgery Devices Market| Key Players: Ethicon, Inc., Apollo Endosurgery, CONMED Corporation, BKK B. Braun Melsungen AG, Johnson & Johnson
Bariatric Surgery Devices Market
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.
Technological advances in bariatric surgery devices providing effective treatment is expected to boost market growth in the foreseeable future. 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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Increasing number of obesity cases will potentially spur market growth. As a result, number of surgeries performed in hospitals, clinics and ambulatory surgical centers is huge. For instance, according to a study published in Obesity Surgery journal, in 2013 about 486 thousand bariatric surgeries were performed across the globe. Increasing number of bariatric surgeries will thereby lead to higher demand for bariatric surgery devices over the forecast timeframe.
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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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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
Ethicon, Inc.
Apollo Endosurgery
CONMED Corporation
BKK B. Braun Melsungen AG
Johnson & Johnson
Integra LifeSciences
Intuitive Surgical Devices
Medtronic
Olympus Corporation of the Americas
ReShape Lifesciences Inc
W. L. Gore & Associates
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.
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Indian bariatric surgery devices market is forecasted to grow at a rapid rate of 7.2%, owing to escalating rate of obesity. According to a study published in International Journal of Community Medicine and Public Health in 2016, about 100 million people suffered from obesity in India. Increasing healthcare expenditure, R&D activities and growing per-capita income, will contribute to boost industry growth.
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