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Gastric Bands Market worth $86.89 million by 2030, growing at a CAGR of 4.66% - Exclusive Report by 360iResearch
Gastric Bands Market | 360iResearch
The Global Gastric Bands Market to grow from USD 63.15 million in 2023 to USD 86.89 million by 2030, at a CAGR of 4.66%.
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Gastric bands, a surgical solution for weight loss, involve the placement of an adjustable silicone band around the upper part of the stomach, creating a smaller stomach pouch. This procedure, known as laparoscopic adjustable gastric banding (LAGB), aims to restrict food intake and promote satiety with less food. The major factors driving the expansion of their use include the rising global prevalence of obesity and its associated health risks such as diabetes, heart disease, and hypertension. Furthermore, public awareness and acceptance of bariatric surgery as a viable option for weight loss contribute to its growing demand. However, potential disadvantages associated with gastric bands, such as slippage of the band, infection, or intolerance, necessitate a consideration of risks. Addressing these concerns involves rigorous pre-surgical assessment, postoperative follow-up, and advancements in surgical techniques to minimize complications. Looking into the future, the gastric band market holds promising opportunities through technological innovations that improve the safety and effectiveness of the procedure. Additionally, there is a potential for growth in less penetrated markets, coupled with the evolving landscape of healthcare policies and increasing accessibility to bariatric surgeries.
In the Americas, the gastric band market is driven by a high prevalence of obesity. Advanced healthcare infrastructure, high healthcare spending, and an increasing inclination towards minimally invasive surgeries contribute to the market growth. Recent research and development efforts aim to enhance gastric bands' efficacy and safety. Strategic investments and initiatives targeting obesity management underscore the region's commitment to combating obesity. Furthermore, EMEA countries exhibit a growing demand for gastric bands, motivated by rising obesity rates and growing awareness of bariatric procedures. European nations benefit from well-established healthcare systems and favorable reimbursement policies, encouraging the adoption of gastric bands. In addition, the Middle East, with its developing healthcare infrastructure and growing medical tourism, sees a particular surge in demand. In contrast, Africa's market growth is gradual, facing challenges like limited healthcare access and awareness. Investments in healthcare infrastructure and initiatives aimed at public health education are key to unlocking the market's potential in these regions. In APAC, China, Japan, and India are experiencing fast-paced growth due to increasing obesity rates, burgeoning middle-class populations, and rising disposable incomes. China and India, in particular, show significant market potential due to their vast populations and increasing investment in healthcare facilities. Japan, with its advanced healthcare technology and high standards of medical care, leads in innovation, reflected in recent gastric band patents and research projects aimed at enhancing surgical outcomes and patient satisfaction.
Market Segmentation & Coverage:
This research report categorizes the Gastric Bands Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Adjustable Gastric Bands and Non-adjustable Gastric Bands. The Non-adjustable Gastric Bands is projected to witness significant market share during forecast period.
Based on Material, market is studied across Polyethylene Gastric Bands and Silicone Gastric Bands. The Polyethylene Gastric Bands is projected to witness significant market share during forecast period.
Based on End-User, market is studied across Ambulatory Surgical Centers, Hospitals, and Specialty Clinics. The Ambulatory Surgical Centers is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 36.91% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Gastric Bands Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Gastric Bands Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Gastric Bands Market, highlighting leading vendors and their innovative profiles. These include Apollo Endosurgery, Inc., Cousin Biotech, Endo Tools Therapeutics S.A., EndoGastric Solutions, Inc., Hologic, Inc., JOHNSON & JOHNSON SERVICES, INC., Karl Storz SE & Co. KG, Mediflex Surgical Products, Medline Industries, LP, Medtronic Plc, New York Bariatric Group's, ReShape Lifesciences Inc., SILIMED INDUSTRIA DE IMPANTES LTDA, Spatz FGIA Inc., Surgical Tools, Inc., TedPella Inc., USGI Medical, and W. L. Gore & Associates, Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Gastric Bands Market, by Type
7. Gastric Bands Market, by Material
8. Gastric Bands Market, by End-User
9. Americas Gastric Bands Market
10. Asia-Pacific Gastric Bands Market
11. Europe, Middle East & Africa Gastric Bands Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Gastric Bands Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Gastric Bands Market?
3. What is the competitive strategic window for opportunities in the Gastric Bands Market?
4. What are the technology trends and regulatory frameworks in the Gastric Bands Market?
5. What is the market share of the leading vendors in the Gastric Bands Market?
6. What modes and strategic moves are considered suitable for entering the Gastric Bands Market?
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