Obesity Surgery Devices Market 2022
Surgical procedures are witnessing an influx of new-fangled technology, so as to help the surgeons in eliminating challenges pertaining to conventional or laparoscopic applications. There are surgical robots being increasingly deployed to reduce the error on human grounds. In other words, advancements in surgical instruments have opened the doors for a novel era with respect to surgical research. To put it simple, visual technology would be used sophistically in surgeries in the near future. This would be the overall outlook of the surgery market in the upcoming period.
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Persistence Market Research Released New Market Report on “Global Market Study on Obesity Surgery Devices: Asia-Pacific to Witness Highest Growth by 2020” the global obesity surgery devices market was valued at USD 1,432.4 million in 2014 and is expected to grow at a CAGR of 9.6% from 2014 to 2022, to reach an estimated value of USD 2,489.5 million in 2022.
Globally, the obesity surgery devices market is witnessing significant growth due to increasing obesity epidemic and increasing sedentary lifestyle and junk food habits. Increasing prevalence of obesity among children and adults is posing a threat in both developed and developing nations. Excess body weight directly contributes to increasing risk of stroke, heart diseases, type-2 diabetes and some forms of cancer.
Obesity surgery is a broadly available treatment for persons with severe and complex obesity. However, inadequate insurance coverage for the procedure and excessive cost of surgery often makes it unaffordable. In addition, selective nature of obesity surgery, due to its complications, restricts growth of obesity surgery devices market. The global obesity surgery device market is estimated at USD 1,432.4 million in 2014. It is likely to grow at a CAGR of 9.6% from 2014 to 2020 to reach USD 2,489.5 million in 2020.
North America is facing serious public health problems due to obesity. The U.S. accounted for 13% of obese persons worldwide in 2013. Similarly, according to the Centers for Disease Control and Prevention (CDC), 24.5% of Americans were suffering from obesity in 2004 and this increased to 35.7% in 2011. In 2011, Roux-en-Y gastric bypass was the most common procedure in North America.
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In Europe, obesity is a major public health challenge in Europe. According to the Organization for Economic Co-operation and Development (OECD) in 2010, approximately 52% of the population in the European Union was obese or overweight.
However, in Asia obesity has reached epidemic proportions in many countries in Asia Pacific. South East Asia and Western Pacific regions are facing an epidemic of obesity-associated diseases such as cardiovascular disorders and diabetes. China and India accounted for around 15% of the world’s obese population worldwide in 2013.
Johnson & Johnson, Medtronic, Inc., Apollo Endosurgery Inc, Aspire Bariatrics, Spatz FGIA Inc., MetaCure and IntraPace Inc are some of the major players of obesity surgery devices market.
The obesity surgery devices market is segmented as follows:
Obesity Surgery Devices Market, By Procedure
- Roux-en-Y Gastric Bypass
- Sleeve Gastrectomy
- Adjustable Gastric banding
- Biliopancreatic diversion with duodenal switch
Obesity Surgery Devices Market, By Devices
- Intragastric Balloons
- Gastric Electrical Stimulation
- Gastric Bands
- Staples
Obesity Surgery Devices Market, by Geography
North America
- S.
- Canada
Europe
- Germany
- France
- K.
- Belgium
- Spain
- Italy
- Sweden
Asia Pacific
- China
- Australia
- Japan
- India
Rest of the World (Row)
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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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