Sleeve Gastrectomy Devices Market Forecasts, Market Trends and Impact Analysis (2024 - 2031)

Market Overview and Report Coverage

Sleeve gastrectomy devices are surgical instruments used in bariatric surgeries to perform sleeve gastrectomy procedures, where a portion of the stomach is removed to promote weight loss in obese individuals. These devices help surgeons safely and effectively perform the surgery by reducing the size of the stomach.

The Sleeve Gastrectomy Devices Market is experiencing steady growth and is expected to continue expanding at a CAGR of 5.40% during the forecasted period. The rising prevalence of obesity and related health issues worldwide is driving the demand for sleeve gastrectomy procedures, thereby fueling the growth of the market. Additionally, advancements in technology and improvements in surgical techniques are also contributing to the market's growth.

Furthermore, increasing awareness about the benefits of bariatric surgery, coupled with a growing emphasis on healthy living and weight management, is expected to further propel the market forward. As the healthcare industry continues to prioritize obesity management and preventive healthcare, the sleeve gastrectomy devices market is anticipated to witness significant development in the coming years.

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Market Segmentation 2024 to 2031

The Sleeve Gastrectomy Devices Market Analysis by types is segmented into:

• Tissue Closure Devices
• Dissection and Positioning Devices

Sleeve gastrectomy devices market includes tissue closure devices, dissection devices, and positioning devices. Tissue closure devices are used to securely close incisions made during the surgery. Dissection devices help in separating tissues during the surgery, ensuring precision and efficiency. Positioning devices assist in securing the patient in the appropriate position for the procedure. These different types of devices play a crucial role in facilitating sleeve gastrectomy surgeries, ensuring successful outcomes for patients.

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The Sleeve Gastrectomy Devices Market Industry Research by Application is segmented into:

• Hospitals and Clinics
• ASCs and Obesity Centers

The Sleeve Gastrectomy Devices Market finds application in various healthcare settings, including Hospitals and Clinics, Ambulatory Surgical Centers (ASCs), and Obesity Centers. These devices are utilized in these settings to perform sleeve gastrectomy procedures for weight loss and obesity management. Hospitals and Clinics are primary sites for these procedures due to their advanced infrastructure and comprehensive medical services. ASCs offer a convenient and cost-effective alternative for patients requiring outpatient procedures. Obesity Centers specialize in providing comprehensive care and support for individuals with obesity.

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In terms of Region, the Sleeve Gastrectomy Devices Market Players available by Region are:

North America:
• United States
• Canada

Europe:
• Germany
• France
• U.K.
• Italy
• Russia

Asia-Pacific:
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia

Latin America:
• Mexico
• Brazil
• Argentina Korea
• Colombia

Middle East & Africa:
• Turkey
• Saudi
• Arabia
• UAE
• Korea


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What are the Emerging Trends in the Global Sleeve Gastrectomy Devices market?

- Emerging technologies: Advancements in minimally invasive surgical techniques and robotic-assisted surgeries are revolutionizing the sleeve gastrectomy procedure, leading to quicker recovery times and reduced complications.

- Consumer preferences: Increasing demand for less-invasive weight loss procedures, coupled with the rise in obesity rates worldwide, is driving the growth of the sleeve gastrectomy devices market.

- Industry disruptions: The introduction of innovative devices such as adjustable gastric bands and intragastric balloons is reshaping the competitive landscape of the sleeve gastrectomy devices market, offering patients additional options for weight loss treatment.

Overall, the sleeve gastrectomy devices market is expected to experience significant growth in the coming years, fueled by the adoption of cutting-edge technologies, evolving consumer preferences, and industry disruptions.

Sleeve Gastrectomy Devices Market Competitive Analysis

One of the key players in the Sleeve Gastrectomy Devices Market is Johnson & Johnson, a multinational corporation focused on healthcare products. The company has a strong history of innovation and has been at the forefront of developing advanced surgical technologies. With a market presence in over 60 countries, Johnson & Johnson has experienced steady growth in the Sleeve Gastrectomy Devices Market due to its high-quality products and commitment to improving patient outcomes. The company's sales revenue in the Sleeve Gastrectomy Devices Market is estimated to be in the range of millions of dollars.

Another prominent player in the market is Medtronic, a global leader in medical technology. Medtronic has a history of delivering innovative solutions for a range of medical conditions, including obesity. The company's Sleeve Gastrectomy Devices have gained popularity among surgeons and patients alike, driving market growth and contributing to its strong sales revenue in the Sleeve Gastrectomy Devices Market.

Additionally, Silex Medical is a key player in the Sleeve Gastrectomy Devices Market, known for its cutting-edge surgical instruments and devices. With a focus on precision and efficiency, Silex Medical has established itself as a trusted provider of Sleeve Gastrectomy Devices, leading to significant market growth and revenue generation.

Overall, the Sleeve Gastrectomy Devices Market is highly competitive, with several key players driving innovation and growth. Companies like Johnson & Johnson, Medtronic, and Silex Medical have a strong market presence and continue to expand their product offerings to meet the evolving needs of healthcare providers and patients. Sales revenue for these companies in the Sleeve Gastrectomy Devices Market is substantial, reflecting the significant demand for high-quality and effective devices in the treatment of obesity.

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