Bariatric Surgery Devices Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.
Bariatric surgery devices market will exceed USD 2.2 billion by 2025; as per a new research report. Increasing government funding along with favorable reimbursement scenario for bariatric surgeries in developed economies is one of the major drivers fostering bariatric surgical devices industry growth. For instance, the American Society for Metabolic and Bariatric Surgery (ASMBS) provides research funding, that proves beneficial for the business growth. Additionally, rising research funding and huge investments in R&D activities by notable industry players will bolster the bariatric surgery devices market growth.
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Rapid technological advancement leading to development of bariatric surgical devices with high accuracy level and reliability for efficient patient management will serve to be another major impact rendering factor in the business growth. Recurrent upgradation of technology allows introduction of incision less and minimally invasive bariatric surgery solutions. Moreover, focus of manufacturers on developing minimally invasive bariatric surgery devices to cater to patient needs will offer ample growth opportunities. For instance, in May 2016, Apollo Endosurgery launched Orbera Coach platform, a non-surgical, incision-less weight loss procedure designed to meet specific needs of patients undergoing bariatric surgery. Availability of such devices to improve overall health conditions should augment industry growth over the forecast period. However, strict regulatory guidelines may impede the demand for minimally invasive bariatric surgical devices.
Minimally invasive surgical devices accounted for more than 85% revenue share in 2018 and should witness considerable growth during the foreseeable future. Various benefits associated with minimally invasive surgical instruments including less scarring, increased accuracy, minimum discomfort after procedure and smaller incisions among others make it a preferable treatment option among patients. Moreover, advancements in stapling devices, energy/vessel-sealing devices and suturing devices will increase the demand for minimally invasive bariatric surgery devices.
Adjustable gastric banding segment is anticipated to witness around 5.5% CAGR over the analysis period. Segment growth can be attributable to advantages associated with adjustable gastric banding including minor incision of stomach and rerouting of intestines. In addition, this procedure has lowest risk of post-operative complications as compared to others, thereby augmenting its demand during the forthcoming years.
Asia Pacific bariatric surgery devices market was valued over USD 390 million in 2018. Increasing adoption of surgical devices along with rising prevalence of obesity will drive the regional business growth. Several advancements in healthcare facilities and growing patient preference towards minimally invasive procedures should further spur Asia Pacific bariatric surgery devices industry.
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Few notable business players operating in bariatric surgery devices market include Intuitive Surgical, Olympus, Integra Life Sciences, Reshape Lifesciences, CONMED, B. Braun, Medtronic, Ethicon, W. L. Gore & Associates and Apollo Endosurgery. Business players focus on various strategies including collaborations, mergers and novel product launches to sustain market competition. For instance, in June 2016, Aspire Bariatrics, Inc announced its U.S. FDA approval for the AspireAssist, a weight loss device. The new product approval helped company to expand its bariatric surgery product portfolio and capitalize on market opportunities.
Partial Chapter of the Table of Content
Chapter 2. Executive Summary
2.1. Bariatric surgery devices industry 3600 synopsis, 2014 – 2025
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Procedure trends
2.1.4. Regional trends
Chapter 3. Bariatric Surgery Devices Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2014 – 2025
3.3. Industry impact forces
3.3.1. Growth drivers
18.104.22.168. Increasing demand for minimally invasive surgeries (MIS) worldwide
22.214.171.124. Rising incidences of obesity in Asia Pacific
126.96.36.199. Technological advancements in developed economies
188.8.131.52. Increasing government funding for bariatric surgery in developed countries
3.3.2. Industry pitfalls and challenges
184.108.40.206. High cost associated with surgical devices
220.127.116.11. Stringent regulatory scenario in developed countries
18.104.22.168. Dearth of skilled healthcare professionals in developing economies
3.4. Growth potential analysis
3.4.1. By product
3.4.2. By procedure
3.5. Regulatory landscape
3.6. Porter’s analysis
3.7. Competitive landscape, 2018
3.7.1. Strategy dashboard
3.8. PESTEL analysis
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