Bariatric surgery, also known as weight loss
surgery, is a class of bariatrics, which refers to a minimally-
invasive surgical procedure performed on people suffering from
obesity. Bariatric surgery aims to reduce the weight of an individual
with the help of a surgery that reduces the size of stomach by
removing a portion of tissues or fats of the stomach. The National
Institutes of Health in the U.S. suggests a person to undergo
bariatric surgery depending on the BMI of the individual. Bariatric
surgery is recommended to individuals with a minimum BMI of 40
whereas, people with specific serious coexisting medical conditions
such as diabetes can also undergo bariatric surgery with a BMI of 35.
According to World Health Organization, the
worldwide obesity has more than doubled since 1980. The key facts
suggests that in 2014, over 1.9 billion adults were reported to be
overweight, out of which 600 million were reported obese. This trend
was observed to persist even in children under the age group of 5
years, wherein 41 million children were found to be overweight. This
has predominantly increased the rates at which people are undergoing
bariatric surgery, thereby elevating the bariatric surgery devices
market. In addition to this, precaution and preventive measures
undertaken by people has resulted in rise of overall expenditure on
weight loss which in turn promotes the global sales of bariatric
surgery devices. Moreover, the regional governments taking
initiatives regarding weight assessment and obesity related issues
are also positively influencing the bariatric surgery devices market.
Fill the form for an exclusive sample of this
report :
https://www.coherentmarketinsights.com/insight/request-sample/429
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.
Request to view table of content @
https://www.coherentmarketinsights.com/ongoing-insight/toc/429
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.
About Coherent Market Insights:
Coherent Market Insights is a
prominent market research and consulting firm offering action-ready
syndicated research reports, custom market analysis, consulting
services, and competitive analysis through various recommendations
related to emerging market trends, technologies, and potential
absolute dollar opportunity
No comments:
Post a Comment