The bariatric surgery market has witnessed substantial growth in recent years, driven by an increasing global prevalence of obesity and related health concerns. Bariatric surgery, a medical intervention for weight management, has gained popularity as an effective solution for individuals struggling with severe obesity. Several reports on the bariatric surgery market provide a comprehensive market overview analysis.
These reports delve into the market dynamics, including key drivers, challenges, and opportunities. The rising awareness about the long-term health risks associated with obesity, coupled with advancements in surgical techniques, contributes to the market's expansion. Moreover, the reports outline the competitive landscape, profiling major players, and assessing their strategies to gain a competitive edge.
Factors such as technological advancements in minimally invasive procedures and the growing acceptance of bariatric surgeries as a mainstream treatment option contribute to the market's positive outlook. Additionally, the reports analyze market segmentation based on procedure types, end-users, and regions, offering valuable insights for stakeholders to make informed decisions.
Competitive Analysis:
Leading global market for bariatric surgery players include Apollo Endosurgery Inc., Olympus Corporation, TransEnterix Surgical Inc., EndoGastric Solutions Inc., Medtronic, Aspire Bariatrics, Mediflex Surgical Products, Intuitive Surgical, ReShape Lifesciences Inc., Cousin Biotech, Allergan, and Johnson & Johnson Services Inc.
Segmentation of Bariatric Surgery Market
The global bariatric surgery market is segmented on the basis of device, type, and end user.
On the basis of the device, the bariatric surgery market is segmented into surgical stapler gastric bands, gastric balloons, gastric emptying systems, electrical stimulation systems, and others.
On the basis of the type, the market is segmented into gastric bypass, sleeve gastrectomy, adjustable gastric band, biliopancreatic diversion with duodenal switch, and others.
On the basis of the end user, the bariatric surgery market is segmented into hospital & clinics, surgical centers, and others.
Regional Analysis:
Due to the high incidence of obesity in the region, the Americas account for the majority of the global market for obesity treatment. Due to the rising incidence of obesity among both urban and rural populations in the region, North America is expected to have a significant impact on the global market for bariatric surgery in the years to come. Over the course of the projection period, the bariatric surgery market in the region is anticipated to increase steadily due to the region's consumers' increasing awareness of the need of preserving a youthful appearance. The high disposable income of consumers in the region is also likely to be a major driver for the global bariatric surgery market over the forecast period. According to the CDC, one third of the U.S. population were obese in 2014, leading to strong prospects for the bariatric surgery market in the region.
Europe is also likely to emerge as a major regional market for bariatric surgery in the coming years due to the growing prevalence of obesity in advanced Western economies and the growing availability of government funding for research.
Asia Pacific is expected to experience a rapid growth in the bariatric surgery market over the next few years, while having a relatively modest market share globally. The main reason for this is that diabetes is spreading throughout the area.
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