Global Bariatric Surgery Market Growth Company Share, Industry Size, Strategies and Forecast to 2030
"Browse 41 market Data Tables and 41 Figures spread over 169 Pages, along with an in-depth TOC on Global Bariatric Surgery Market Forecast 2019-2028.''
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Bariatric surgery is a major treatment procedure for treating obesity. It is usually the last option for patients who failed to lose weight by several other methods. The size of the stomach is reduced by either removing some parts of the stomach or by using a gastric band in bariatric surgery. Obesity is undoubtedly one of the most common causes of diabetes. Thus, bariatric surgery is the most effective method of treatment.
Surging Burden of Obesity Boosts Market Growth
Obesity has increased considerably all over the world, especially in the last few decades. Lifestyle disorders have a great influence on the body. According to WHO, obesity is the most common nutritional disorder in the world, which affects both adults and children. The rate of obesity has tripled globally since 1975. In 2018, 40 million children under the age of 5 years were overweight or obese. The WHO stated that obesity and overweight kill more people in the world than being underweight. The incidence of obesity increased from 37.7% to 42.4%, and the occurrence of severe obesity increased from 7.7% to 9.2% from 2013 to 2018. Obesity has been linked with dreadful diseases and disorders, like cardiovascular diseases, musculoskeletal disorders, and cancer.
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Assisting Device - The Dominating and Leading Device Segment
The assisting device consists of closure devices, trocars, suturing devices, stapling devices, and other assisting devices, which help in performing geriatric surgeries. For example, suturing devices are used to hold the body tissues together after surgery or an injury. Closure devices are used for reconnecting the tissues during surgical procedures. These devices are not only used before the bariatric procedures but also after the surgery.
Asia Pacific Predicted to record the Fastest CAGR
The bariatric surgery market of the Asia Pacific region is set to record the highest CAGR during the forecast period, owing to the growing burden of obesity, rising prevalence of diabetes, and increasing government initiatives in the region.
The market constitutes of established players, and so the competitive rivalry among the manufacturers in the market is moderate to high. The companies are emphasizing research and development, and innovations to maximize their market share. Some of the eminent players trying to consolidate their global position include Abbott Laboratories, B. Braun Melsungen AG, Allergan Inc, Lupin Ltd, Johnson and Johnson (Ethicon Inc), among others.
GLOBAL COSMETIC SURGERY AND PROCEDURE MARKET
GLOBAL CYSTIC FIBROSIS THERAPEUTICS MARKET
GLOBAL ALZHEIMERS DISEASE THERAPEUTICS AND DIAGNOSTICS MARKET
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