Industry Report “Bariatric Surgery Devices Market Research Report – Forecast to 2023| MRFR” provides a clear picture of the Current Market Scenario which includes past and estimated future size with respect to value and volume, technological advancement. The report provides detail information and strategies of top key players in the industry. The report also gives a broad study about different markets segments and regions.
The bariatric surgery devices market is presumed to expand at 5.5 % CAGR during the forecast period (2018-2023) owing to the growing technical advanced devices, asserts Market Research Future (MRFR). Bariatric surgery refers to the procedure performed to reduce weight in which the stomach size is reduced either by cutting a small portion of the stomach, by using a gastric band, or by resecting small intestine into the stomach. Undertaking a bariatric surgery has become necessary especially among the obese and the overweight population.
Drivers and Constraints Impacting the Market
The bariatric surgery devices market is mainly driven by the growing technical advanced devices, increasing prevalence of obesity, rise in the number of regulatory approvals, and increasing penetration of key market players. Also, with the increasing healthcare awareness, increasing innovation in R&D of medical devices, and favorable reimbursement policies along with growing average income are some of the favorable factors impacting the global market positively. Moreover, excessive intake of calories along with growing rate of obesity due to changing lifestyle habits are predicted to propel the market during the review period.
Bariatric surgeries are procedures used for reducing stomach size by using different methods. It is extensively used for weight loss and is likely to benefit from the increasing prevalence of obesity. Technological developments are poised to dictate the trajectory of growth in the years to come. The study offered by Market Research Future (MRFR) asserts that the global bariatric surgery devices market is anticipated to exhibit developmental opportunities and expand at 5.5% CAGR during the forecast period 2018 to 2023. The study also reveals that the market is projected to value at over USD 2200 Mn by 2023.
Based on product, the global bariatric surgery devices market has been segmented into implantable devices, assisting devices, and others. The implantable devices segment has been further sub-segmented into gastric bands, electrical stimulation devices, gastric balloons, and gastric emptying devices. The assisting devices segment has been sub-segmented into stapling devices, trocars, suturing devices, incision closure devices, and others
On the basis of procedure, the bariatric surgery devices market has been segmented into revision bariatric surgery, non-invasive bariatric surgery, sleeve gastrectomy, gastric bypass, adjustable gastric banding, biliopancreatic diversion with duodenal switch, mini-gastric bypass, and gastric bypass.
By end-user, the bariatric surgery devices market has been segmented into bariatric surgery clinics, hospital pharmacies, ambulatory surgical centers, and others.
Get Detailed Analysis of Bariatric Surgery Devices Market Information: By Devices (Assisting and Implantable Devices), by Procedure (Sleeve Gastrectomy, Gastric Bypass, Mini-Gastric Bypass, Revision Bariatric Surgery), by End-User (Hospitals & Clinics) – Global Forecast Till 2023
The top players operating in the bariatric surgery devices market include Ethicon, Medtronic, Apollo Endosurgery, Intuitive Surgical, Aspire Bariatrics, ReShape Lifesciences, Mediflex Surgical Products, EnteroMedics, Inc., Agency for Medical Innovation, and TransEnterix, Inc.
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