Obesity Surgery Devices Market 2022
Global Obesity Surgery Devices Market Will Reach $2.48 Billion in 2022.
Challenges pertaining to healthcare like optimization of costs of care along with facilitation of personalized interventions and shippable services do persist, but the changes are expected to surface soon. The pandemic has had its ramifications, especially with various responses from insurance and medical organizations. This has also impacted the changing regulatory mandates and standards. The research regarding healthcare is moving along these dimensions. This would be the behaviour of healthcare research vertical in the near future.
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Persistence Market Research has released a new research report on obesity-related medical devices, titled “Global Market Study on Obesity Surgery Devices: Asia-Pacific to Witness Highest Growth by 2022”. According to the report, the global obesity surgery devices market is rising at a CAGR of 9.60% between 2016 and 2022. The market was valued at US$1.4 bn in 2016. By the end of 2022, the global obesity surgery devices market is expected to reach US$2.5 bn.
As per findings released in the report, the global obesity surgery devices market is growing primarily due to the increase in the global population of the obese. The major factors that are contributing to the obesity epidemic are the increasingly sedentary lifestyles that the working-class population is experiencing, along with a growing attraction towards fast foods and junk foods. The prevalence of obesity is increasing in both adults as well as children, severely influencing the future of the global obesity surgery devices market.
The global obesity surgery devices market is directly related to the prevalence of the health complications that commonly occur among the obese. These include type-2 diabetes, multiple cardiac diseases, heightened risk of stroke, and certain types of cancer. The healthcare industry is experiencing a rise in the number of patients that are afflicted by these problems owing to their obesity.
Some of the major players in the obesity surgery devices market:
- Johnson & Johnson.
- Medtronic, Inc.
- Apollo Endosurgery Inc.
- Aspire Bariatrics.
- Spatz FGIA Inc.
- MetaCure.
- IntraPace Inc.
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The global obesity surgery devices market is therefore expected to grow rapidly as long as the unhealthy lifestyle is followed by people across the world. However, the global obesity surgery devices market is restrained due to several reasons, including the limited scope when it comes to using the devices. Owing to the selective nature of obesity surgeries, the tools created are highly unique and cannot be utilized in other obesity-related illnesses.
From the perspective of the patient, the global obesity surgery devices market may be hampered due to the insufficient insurance coverage for obesity. This creates financial problems for those who are not insured.
Geographically, the global obesity surgery devices market is led by North America owing to the high rate of obesity in the region. Over 13% of the global population of the obese in 2013 were located in North America.
The CDC recently released a report, which is cited in the market study. According to the CDC, by 2004, 24.5% of Americans had contracted obesity-related issues, which further increased to 35.7% in 2011.
Owing to these conditions, the North America obesity surgery devices market was led by the Roux-en-Y gastric bypass surgery in terms of medical procedures.
Almost 52% of the population in the EU was overweight or obese in 2010, according to the Organization for Economic Co-operation and Development. This makes the Europe obesity surgery devices market a rapidly growing one for the time being.
Key geographies evaluated in this report are:
North America – U.S, Canada
Europe – France, Germany, Italy, Spain, and the UK, Eastern Europe, CIS
APAC – China, India, Japan, Australia, Others
Latin America – Argentina, Brazil, Others
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Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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