Bariatric Surgery Market Analysis By Key Vendors, Segmentation, Region-wise Analysis Forecast To 2028
Obesity is a condition where a person has accumulated so much body fat that creates a negative effect on their health. If a person has a body mass index (BMI) of 30 or over he/she is considered obese. Moreover, obese patients have a high risk of serious health conditions such as hypertension, coronary heart disease, breathing and sleep related issues. Furthermore, the fact that obesity is one of the most prevalent and endangering health disorder, has increased the awareness about bariatric surgery and devices. Bariatric surgery is primarily used for reducing weight of an obese patient, by decreasing the swelling capacity of stomach to accommodate food. The process of gastric restriction and malabsorption are followed in these types of surgeries. Moreover, bariatric surgery is performed by the use of minimally invasive techniques.
High incidence of obesity cases around the globe is the primary driver for growth of global bariatric surgery market. In addition, the growing awareness among the obese population about bariatric surgery and devices, availability of specialised surgeons in bariatric surgical techniques and availability of less incisive methods for bariatric surgeries are all major factors propelling the growth of global bariatric surgery market.
However, high cost of bariatric surgery is a key restraint for the global bariatric surgeries market. Furthermore, health related risks after the surgery, both in case of short-term and long-term surgery and doubtfulness among the obese population about the bariatric surgeries due to complex procedures involved in bariatric surgeries are major factors affecting the growth of global bariatric surgery market.
Government initiatives in regional markets, rising expenditure on weight loss procedures and increase in adoption of bariatric surgeries in emerging economies will provide the lucrative opportunity for market players in global bariatric surgery market.
The global bariatric surgery market report has been segmented on the basis of device, procedure, and region.
North America market leads the global bariatric surgery market in terms of revenue, on account of high obesity levels in the U.S. and Canada followed by the markets in Europe, and Asia Pacific. Asia Pacific market is expected to witness the highest CAGR over the forecast period, owing to rise in adoption of bariatric surgeries and rise in awareness about bariatric procedures among the general population in the region. Emerging economies in Asia pacific including India, Japan, and China are expected to grow with the highest CAGR over the forecast period.
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Some prominent players in the global bariatric surgery market include Allergan Inc., Covidien Plc., Johnson & Johnson, Intuitive Surgical Inc., GI Dynamics Inc., TransEnterix Inc., USGI Medical Inc., SemiLEDs Ltd., Cousin Biotech and Mediflex Surgical Procedures.
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