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Strategically Analyze the Obesity Surgery Devices Market With Respect to Their Individual Growth Trends, Prospects, and Contributions to the Overall Market | P&S Intelligence
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Non-invasive surgeries do not need incisions and cause less complications compared to minimally invasive surgeries. On the basis of type, the obesity/bariatric surgery devices market is categorized into stapling devices, gastric balloons, gastric bands, gastric electrical stimulators, and others. Out of these, during 2017-2023, gastric balloons are predicted to register the fastest growth. This is ascribed to the fact that they do not need any kind of incision and are a cost-effective technique for weight loss.
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Many companies across the globe are organizing obesity awareness programs to educate people about the various treatment options available, such as bariatric surgeries, which, in turn, is accelerating the growth of the obesity/bariatric surgery devices market. For instance, the Obesity Action Coalition (OAC), a non-profit organization, organizes programs to spread awareness related to the prevention as well as treatment of obesity and offers evidence-based education. There have been instances of various popular personalities going for body transformation through bariatric surgery, such as Ralphie May, Diego Maradona, and Randy Jackson.
Hence, the surging prevalence of obesity, rising awareness on bariatric surgeries, and increasing usage of gastric balloons are being witnessed as the key drivers for the market growth.
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