According to Stratistics MRC, the Global Bariatric Surgery Devices Market is accounted for $1.35 billion in 2015 and is expected to reach $2.96 billion by 2022 growing at a CAGR of 11.9%. Huge technological advancements in obesity healthcare is creating a buzz among obesity struck people, who are opting for Bariatric Surgery Devices as treatment. However increasing demand for such procedures had created opportunities for introducing specialized devices in market which are favoring the market growth. Whereas post-surgical complications and Hernias associated with the market are acting as barrier for the growth of market.
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Stapling Devices and Gastric Balloons in the device segment is estimated to drive the market because of introduction of minimally invasive Gastric Banding System. Moreover North America and Western Europe will dominate the global bariatric surgery devices market in terms of market revenue. Asia Pacific countries are projected to expand at a substantial growth and will contribute to the global bariatric surgery devices market value exhibiting a robust growth during the forecast period.
Some of the major key players of the market are Cousin Biotech , Intuitive Surgical, Inc., Endogastric Solutions, Inc., EnteroMedics, Inc., Covidien PLC, USGI Medical, Inc, Olympus, Johnson & Johnson, ReShape Medical, Inc., Ethicon-Endosurgery , Transenterix, Inc., Satiety, Inc., Pare Surgical, Inc, Spatz FGIA, Inc., Allergan, Inc. and GI Dynamics, Inc.
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