Bariatric Surgery Devices Market 2019| Dynamics, Forecast, Analysis and Supply Demand 2025
U.S. bariatric surgery devices market will grow at 5.6%, owing to high pervasiveness of obesity. According to National Institute of Diabetes and Digestive Kidney Diseases (NIDDK), 1 in 3 adults in U.S. suffer from obesity. High prevalence of obesity coupled with high disposable income and increasing government expenditure on healthcare will further lead to business growth in the future.
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Bariatric Surgery Devices market report provides a comprehensive landscape of the industry, accurate market estimates and forecast split by product, application, technology, region and end-use. All quantitative information is covered on a regional as well as country basis. The report provides valuable strategic insights on the Bariatric Surgery Devices market, analyzing in detail industry impact forces including growth drivers, pitfalls and regulation evolution. The report also includes a detailed outlook on the Bariatric Surgery Devices market competitive environment, diving into the industry position of each major company along with the strategic landscape.
High demand for minimally invasive surgical procedures will significantly drive bariatric surgery devices market growth over the forecast period. Reduction in post-operative trauma and complications with use of minimally invasive surgical procedure is the major growth driver. Reduced hospital stays, and lesser healing time are other advantages of bariatric surgical devices. Such factors will favor considerable growth in the future.
Increasing government funding will spur demand for bariatric surgeries in upcoming years. For instance, National Institute of Diabetes and Digestive Kidney Diseases (NIDDK) provided about USD 1.3 million to Miriam Hospital in US for development of advanced technologies that support bariatric surgery. This will positively impact adoption of bariatric surgical procedures, thereby driving business growth during the forecast period.
Minimally invasive surgical device segment accounted for largest revenue of USD 1,378.1 million in 2017. Patients with gastrointestinal diseases using minimally invasive techniques experience less pain, reduced costs of treatment, and recovery time. Improved design to provide maximum efficiency will favor segmental growth in the future.
Sleeve gastrectomy segment is expected to grow at 6.1% during the forecast timeframe. Segmental growth is attributable to lesser number of complications and higher efficacy. According to American Society for Metabolic and Bariatric Surgery (ASMBS), about 59% of bariatric surgeries performed were sleeve gastrectomy. Increasing patient preference and affordability of sleeve gastrectomy will favor segmental growth over forecast timeframe.
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Chapter 1. Methodology
1.2. Market definitions
1.3. Forecast parameters
1.4. Data sources
22.214.171.124. Paid sources
126.96.36.199. Unpaid sources
Chapter 2. Executive Summary
2.1. Bariatric surgery devices market industry 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Procedure trends
2.1.4. Regional trends
Chapter 3. Bariatric Surgery Devices Market Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry impact forces
3.3.1. Growth drivers
188.8.131.52. Increasing demand for minimally invasive surgical procedures worldwide
184.108.40.206. Rising incidences of obesity in Asia Pacific
220.127.116.11. Technological advancements in developed economies
18.104.22.168. Increasing government funding for bariatric surgery in developed countries
3.3.2. Industry pitfalls & challenges
22.214.171.124. High cost associated with surgical devices
126.96.36.199. Stringent regulatory scenario in developed countries
188.8.131.52. Dearth of skilled healthcare professionals in developing economies
3.4. Growth potential analysis
3.4.1. By product
3.4.2. By procedure
3.5. Regulatory scenario
3.6. Porter’s analysis
3.7. Competitive landscape, 2017
3.7.1. Strategy dashboard
3.8. PESTEL analysis
More Insightful Info @ https://www.marketwatch.com/press-release/bariatric-surgery-devices-market-2018-industry-developments-outlook-current-trends-by-2024-2019-07-31
Some of the prominent players involved in bariatric surgery devices market are Apollo Endosurgery, B. Braun Melsungen AG, CONMED Corporation, Ethicon Inc. (Johnson & Johnson), Integra Life Sciences Holding Corporation, Intuitive Surgical, Medtronic, Olympus Corporation, Reshape Lifesciences, and W. L. Gore & Associates, Inc. These firms adopt strategic initiatives including mergers and acquisitions, new product launch and geographical expansion. For instance, in January 2017, Ethicon acquired Megadyne Medical Products, Inc., a medical device company that develops, manufactures electrosurgical tools. This acquisition will help in broadening its product portfolio as well as business revenue.
Neurostimulation Devices Market: https://www.marketwatch.com/press-release/global-neurostimulation-devices-market-size-2019-growth-research-report-by-2025-2019-11-25
Ambulatory Surgical Centers Market: https://www.marketwatch.com/press-release/2018---2024-ambulatory-surgery-centers-market-projected-to-grow-93-bn-by-2024-2019-04-29
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