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According to the latest report published by Credence Research, Inc. “Bariatric Surgery Devices Market - Growth, Future Prospects and Competitive Analysis, 2018-2026,” the global bariatric surgery devices market was estimated at US$ 2,006.0 MN in 2017, and anticipated to reach US$ 3,163.5 MN by 2026, growing at a CAGR of 5.1% from 2018 to 2026.Market Insights
Global bariatric surgery market was estimated at US$ 2,006.0 MN in 2017 and anticipated to reach US$ 3,163.5 MN in 2026 at a CAGR of 5.1% during the projection period. High prevalence of obesity and the increased number of overweight population in developed as well as developing countries, and escalating burden on healthcare expenditure and infrastructure have raised the demand for bariatric surgery procedures.
According to the Center for Disease Control and Prevention (CDC), more than one-third (36.5%) of the United States adults have obesity in 2014 corresponding to more than 72 million people. Furthermore, the prevalence of obesity was higher among women (38.3%) than men (34.3%) in 2014. Additionally, in 2008, the medical cost of obesity was considered $ 149 billion annually in the United States. Furthermore, CDC has predicted that obesity rate will reach 42% by 2030 with an added $550 billion in medical expenses.
Browse the full report Bariatric Surgery Devices Market - Growth, Future Prospects and Competitive Analysis, 2018-2026 report at https://www.credenceresearch.com/report/bariatric-surgery-devices-market
In several countries, the government is structuring strategic initiatives to reduce the cases of obesity. For instance, the British Government had introduced ‘Healthy Weight, Healthy Lives’ strategy to reverse the rising tide of obesity and overweight in the population primarily focusing on the children. Coupled with such initiatives, the governments of developed nations are also funding some of the prominent institutions to develop interventions for obesity treatment.
According to a study issued by Genre Business School, the prevalence of obesity in Asia Pacific vary from 28.3% in New Zealand to 1.7% in Vietnam in 2008. Further, the prevalence of obesity in China increased to 27.9% in 2013 from 11.3% in 1980. Such high growth of obesity coupled with increased prevalence in the region contributes to the growth of the Asia Pacific market. Additionally, Asia Pacific expected to be the most lucrative market owing to growing urban population, favorable government initiatives, increasing medical tourism and high prevalence of obesity. Furthermore, growth in the Middle East & Africa is higher than the global growth rate of the market tailing Latin America.
Market Synopsis
Surgical Staples and Trocars are leading the global bariatric surgery market (Full Report)
The Asia-Pacific expected to experience the fastest growth during the forecast period (Full Report)
Manufactures/Key players riding high on stapling devices as major revenue contributors (Full Report)
Historical & Forecast Period
2016 – Historical Year
2017 – Base Year
2018-2026 – Forecast Period
Market report for the period from 2016 to 2026 is shown along with the Compounded Annual Growth Rate (CAGR) for the forecast period while considering 2017 as the base year.
Product Segment (2016–2026; US$ Mn)
• Adjustable Gastric Bands
• Clip Appliers
• Implantable Gastric Stimulators
• Intragastric Balloons
• Gastric Surgery Clamps
• Sutures
• Surgical Staples and Trocars
• Others (Closure Devices, Pouches, Shears, Scalpel)
Table of content:
Chapter 1. Preface
Chapter 2. Executive Summary
2.1. Global Bariatric Surgery Devices Market Portraiture
2.1.1. Global Bariatric Surgery Devices Market, by Type, 2017 (US$ Mn)
2.1.2. Global Bariatric Surgery Devices Market, by Geography, 2017 (US$ Mn)
Chapter 3. Bariatric Surgery Devices Market: Market Dynamics and Outlook
3.1. Market Overview
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Challenges
3.2.3. Opportunities
3.3. Attractive Investment Proposition, by Geography, 2017
3.4. Competitive Landscape
3.4.1. Competitive Landscape, by Key Players, 2017
Chapter 4. Bariatric Surgery Devices Market, by Type, 2016 – 2026 (US$ Mn)
4.1. Overview
4.2. Attractive Investment Proposition: Global Bariatric Surgery Devices Market, by Type, 2017
4.3. Adjustable Gastric Bands
4.4. Intragastric Balloons
4.5. Implantable Gastric Stimulators
4.6. Gastric Surgery Clamps
4.7. Clip Appliers
4.8. Sutures
4.9. Surgical Staples and Trocars
4.10. Others (Closure Devices, Pouches, Shears, Scalpel)
………
Chapter 6. Company Profiles
6.1. Apollo Endosurgery, Inc.
6.1.1. Business Description
6.1.2. Financial Information (Subject to data availability)
6.1.3. Application Portfolio
6.1.4. Key Developments
6.2. Covidien Plc
6.3. EnteroMedics, Inc.
6.4. Ethicon, Inc.
6.5. Intuitive Surgical, Inc.
6.6. Reach Surgical, Inc.
6.7. Spatz FGIA, Inc.
6.8. TransEnterix, Inc.
6.9. USGI Medical, Inc.
Browse the full report Bariatric Surgery Devices Market - Growth, Future Prospects and Competitive Analysis, 2018-2026 report at https://www.credenceresearch.com/report/bariatric-surgery-devices-market
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