A study by Triton Market Research with the title ‘Global Bariatric Surgery Market,’ covers the Global Analysis and Forecast for 2019-2028 by Device (Implantable Device [Gastric Emptying, Gastric Balloon, Electrical Stimulation Device, Gastric Band], Assisting Device [Trocars Device, Suturing Device, Stapling Device, Closure Device, Other Assisting Devices], Other Devices), and by Geographical Region (North America, Latin America, Asia-Pacific, Europe, Middle East and Africa).
Bariatric Surgery is a type of surgery that is performed for the treatment of obesity and reduce the risk of having diabetes and heart diseases. This procedure includes making some changes in the digestive system of the patient by changing the size of the stomach.
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As per the report on the global bariatric surgery market is anticipated to reach $4913.1 million by 2028, growing with a CAGR of 9.41% in the projected years 2019-2028.
Obese people are more likely to suffer from cardiac disorders due to the alterations taking place in the heart when an excess of adipose tissue is stored. These people are also more prone to have other disorders like diabetes. Bariatric surgeries are considered as an effective program to treat obesity. Therefore, the increasing cases of diabetes and cardiovascular diseases are estimated to push the demand for bariatric surgery market. However, lack of awareness regarding bariatric surgery, coupled with the insufficient infrastructure and high cost of surgical procedures, is hampering the growth of the global bariatric surgery market.
The bariatric surgery market is segmented based on device, into implantable device, assisting device and other devices. The first sub-segment, implantable device, is divided into gastric emptying, electrical stimulation device, gastric band and gastric balloon. The second sub-segment, assisting device divides into trocars device, suturing device, stapling device, closure device and other assisting devices.
According to the regional landscape, the Asia-Pacific is expected to be the fastest-growing region for the bariatric surgery market during the projected period. The increasing government initiatives regarding the adoption of bariatric surgery are on the rise in countries like India and China. Thus, an increase in the growth of the regional market is witnessed.
Few of the major players in the bariatric surgery market are Allergan, Ethicon Inc (Johnson & Johnson), Olympus Corporation, Lupin, Apollo Endosurgery Inc, GE Healthcare (General Electric Company), Intuitive Surgical, B. Braun Melsungen AG, Conmed Corporation, Aspire Bariatrics, Abbott, The Cooper Companies Inc, Medtronic, and Reshape Lifesciences Inc.
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Question & Answer: Bariatric Surgery Market
Question 1: Which factors are driving the growth of the global bariatric surgery market?
Answer: Obese people are more likely to suffer from cardiac disorders due to the alterations taking place in the heart when an excess of adipose tissue is stored. These people are also more prone to have other disorders like diabetes. Bariatric surgeries are considered as an effective program to treat obesity. Therefore, the increasing cases of diabetes and cardiovascular diseases are estimated to push the demand for bariatric surgery market, thereby driving the growth of the global bariatric surgery market.
Question 2: Which factors are hampering the global bariatric surgery market growth?
Answer: Lack of awareness regarding bariatric surgery, coupled with the insufficient infrastructure and high cost of surgical procedures, is hampering the growth of the global bariatric surgery market.
Question 3: How is Asia-Pacific influencing the bariatric surgery market outlook?
Answer: According to the regional landscape, the Asia-Pacific is expected to be the fastest-growing region for the bariatric surgery market during the projected period. The increasing government initiatives regarding the adoption of bariatric surgery are on the rise in countries like India and China. Thus, an increase in the growth of the regional market is witnessed.
Question 4: Which are a few of the major players in the bariatric surgery market?
Answer: Few of the major players in the bariatric surgery market are Allergan, Ethicon Inc (Johnson & Johnson), Olympus Corporation, Lupin, Apollo Endosurgery Inc, GE Healthcare (General Electric Company), Intuitive Surgical, B. Braun Melsungen AG, Conmed Corporation, Aspire Bariatrics, Abbott, The Cooper Companies Inc, Medtronic, and Reshape Lifesciences Inc.
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