Obesity Surgery Devices Market Estimation, Dynamics, Outlook, Research, Trends and Forecasts to 2028
The global market research report records significant aspects related to business constraints and proceedings that cover inventive technological progresses, acquisitions, mergers and collaboration, introduction of new product, distinct business statistics of the obesity surgery devices market that has been studied in the history and has to be prepared over the forecast period 2019- 2028. The global market report executes a comprehensive study on the past data, present as well as the upcoming market trends in the market and future estimations. However, the market report stands to be explicit in gathering the data that can be viewed by the number of users which include researchers, experts, and advisors.
Obesity is a chronic condition that is increasing in all age groups, and is considered as global epidemic. Obesity results from an imbalance between energy input and energy expenditure. However, weight gain is multifactorial and may be due to identifiable and specific genetic, damage to the hypothalamus, drugs or life changing events. Obesity itself is a health hazard as it impacts the heart, lungs, muscles, and bones of the body. In addition, obesity is a known risk factor to develop diabetes, heart disease and high blood pressure. There are several different types of weight loss surgery that are done on the stomach, intestine or both. According to World Health Organization, obesity is one of leading preventable cause of the death. In 2016, WHO data showed that about 15% of the entire world populations were obese.
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Rising awareness about surgery in obese population, lifestyle changes, increasing prevalence of obesity associated chronic diseases, growing awareness about obesity related complexities, lack of physical activity due to a sedentary lifestyle, changing modes of transportation, excessive consumption of fatty food, increasing prevalence of obesity leading to high demand for obesity surgeries, are factors fuelling demand for obesity surgical devices. High cost of obesity surgery is expected to hinder growth of the global obesity surgery devices market. The global obesity surgery devices market report has been segmented on the basis of surgical procedure, device type and region.
Segmentation on the basis of surgical procedure:
- Gastric Bypass Surgery
- Sleeve Gastrectomy Surgery
- Gastric Banding Surgery
- Others (Including, biliopancreatic diversion with duodenal switch, vertical-banded gastroplasty, long-limb gastric bypass)
Segmentation on the basis of device type:
- Adjustable Gastric Bands
- Intragastric Balloons
- Clip Appliers
- Surgical Staples
- Others (including suction instruments, endoscopic suturing instruments etc.)
North America market is expected to account for major share in the global market in terms of revenue, owing to high expenditure on healthcare and increasing prevalence of obesity in the region. According to the bariatric surgery source in US almost 1 in every 3 people are obese. In 2017, obesity rates had reached with over 25 % of the population being obese in US and followed by over 15 % in Europe. Asia Pacific is the emerging market for obesity surgery devices, owing to rising prevalence of obesity, and booming medical tourism in the region. In 2017, prevalence of obesity in India was up to nearly 50% in women and nearly 30 % in men.
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Prominent market players in global obesity surgery devices market include Johnson & Johnson, Mediflex Surgical Product, TransEnterix, Inc., Aspire Bariatrics, Inc., Apollo Endosurgery, Inc., Cousin Biotech, ReShape Lifesciences Inc., Allergan, Inc., Medtronic, Inc., and USGI Medical Inc.
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