Bariatric Surgery Devices Market Analysis 2019: Growth Factors, Industry Opportunities, Development Status and Outlook 2023

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

Market Outlook

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.

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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.

Key Players

The major players operating the global market are Mediflex Surgical Products, Intuitive Surgical, Medtronic, Agency for Medical Innovation, TransEnterix, Inc., Aspire Bariatrics, ReShape Lifesciences, EnteroMedics, Inc., Ethicon, Apollo Endosurgery, and others

Market Segmentation:

The global bariatric surgery devices market 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.

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Regional Insights

Geographically, the bariatric surgery devices market 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.

Moreover, the Middle East and African region are predicted to showcase the least growth rate owing to factors like lack of awareness and limited access to treatment facilities.

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About Market Research Future: MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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This release was published on openPR.