Bariatric Surgery Devices Market - Outlook 2025
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Adjustable gastric bands to capture highest sales in the bariatric surgery devices market
Based on the devices, the market can be segmented as:
Adjustable gastric bands,Intra- gastric balloons,Implantable gastric stimulators,Gastric surgery clamps,Surgical staples,Others (Clip appliers, Endo stitch, Trocars)
On the basis surgery, the market can be segmented as:
Adjustable gastric bands (AGB),Vertical sleeve gastrectomy (VSG),Roux-en-Y Gastric Bypass (RYGB),Biliopancreatic Diversion with duodenal switch (BPD- DS)
North America to contribute a highest share in the bariatric surgery devices market
North America was reported to be the largest regional contributor to the bariatric surgery devices market in 2014, followed by the Europe. This is mainly attributed to high rates of obesity in the U.S. and active government involvement and support to expand research in the field that is undertaken by various companies manufacturing bariatric surgery devices. For instance, the German federal ministry has formed a funded research program called as the Competence Network Obesity and Integrated Research at about USD 26 Million for the years 2012-2015. Government initiatives such as accessibility to the patient population and distribution of early care strategies and community guide in order to control and treat obesity in the American and the European countries are playing a pivotal role in the growth of bariatric surgery devices market. On the other hand, Asia Pacific is the fastest growing potential market for bariatric surgery devices. This is mainly due to rapidly increasing inclination of the populace towards fast food, in turn increasing prevalence of obesity. The market in the region is also characterized by the wide availability of low cost devices. Moreover, major players in the market are focusing closing studying consumer behavior and accordingly aligning their strategies to best capitalize on opportunities on offer. For example, Covidien Plc set up a research facility in India to find out the factors responsible for obesity in India.
High obesity rates in the world regulating the growth for bariatric surgery devices market
The major factor driving the bariatric surgery device market is the rapid growth of obesity cases across the globe. The Institute of Health Metrics and Evaluation suggests that 2.1 billion people, which accounts up to 30% of the world population are suffering with obesity and overweight. Thus, the awareness in these population can be potential to fuel the demand of these surgical devices. Additionally, a major shift in food habits, fast food preferences, imbalanced diet and inclination of majority of population towards luxuries and sedentary lifestyles are major factors leading to obesity that can boost the bariatric surgery devices industry growth. The medical practitioners and surgeons that are improving their skills to meet the rising demand for bariatric surgery are also responsible for impacting the market growth. Moreover, the non- invasive nature of this surgical technique that causes no apprehension to the patients makes it more viable and feasible thereby resulting in the expansion of the market at faster rates. However, certain restrains such as chances of internal bleeding, gastric band slippage, hernias, bowel obstruction and gastrointestinal ulcers can prove to barriers of the bariatric surgery devices market.
Allergen, Covidien, Ethicon, Olympus, Medtronic Inc. collaboratively dominating the bariatric surgery devices market
The major players in this market are Allergan Inc., Cousin Biotech, Covidien PLC, Endogastric Solutions Inc., EntroMedics Inc, GI Dynamics Inc, Intuitive Surgical Inc., Johnson and Johnson, Olympus, Pare Surgical, ReShape Medical, Inc., Spatz FGIA Inc., Transenterix, Inc. Allergen, Covidien, Ethicon, Olympus, Medtronic Inc. are the market leaders. Devices for sleeve gastrectomy launched by Medtronic has indicated expansion of the bariatric surgery devices market. The regional governments are also involved in assisting the manufacturers by providing the companies with a certain capital that can be useful for market expansion.
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