The global bariatric surgery devices market is poised to reach USD 2.3 billion by the end of 2020, growing at a CAGR of 9.6%. Bariatric surgery is a generic term commonly used for the surgical treatment of obesity. These procedures could be invasive or noninvasive and performed in both open and laparoscopic types.
Global Bariatric Surgery Devices Market-Market Dynamics
The report details several driving and restraining factors for the market. Some of these are listed below.
Some of the key factors contributing to the growth of the market are:
Rapid increase in the global obese population
Increase in chronic disease populations
Increase in public awareness about the potential hazards of being obese
Government initiatives to curb obesity
Insurance coverage for the surgery procedures
The lack of awareness, lower disposable incomes in the developing nations and highly expensive surgeries are the major challenges faced by the market.
North America currently dominates the global market owing to the fact that the population in this region has higher disposable income compared to others since the surgery procedures are highly expensive. Following North America is Europe, which is the second largest market in the world. Emerging economies are expected to show good growth in the future.
The global bariatric surgery market can be segmented on the basis of type of product (adjustable gastric bands, intragastric balloons, implantable gastric simulators, two techniques, surgical clamps, gastric surgery clamps, clip appliers endo stitch, surgical staples and trocars), and by geography (North America, Europe, APAC and RoW).
Some of the key players in the market are:
EndoGastric Solutions, Inc.
GI Dynamics, Inc.
What the Report Offers
Market definition along with identification of key drivers and restraints for the market.
Market analysis for the bariatric surgery devices market, with region-specific assessments and competition analysis on a global and regional scale.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies that can influence the market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
Identification and analysis of the macro and micro factors that affect the bariatric surgery devices market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
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