Global Adjustable Gastric Banding Market: Snapshot
Adjustable laparoscopic gastric banding has gained currency in populations for whom other non-surgical interventions to reduce obesity have not shown results, or the results are not consistent over a period of time. The adjustable gastric banding had seen growing acceptance as an outpatient procedure. They are used in patients with severe obesity or those with BMI of 30 or more but with several comorbidities such as diabetes, cardiovascular conditions, and sleep apnea.
However, the market may have suffered due to several factors. Firstly, those undergoing adjustable gastric banding must complement by following dietary guidelines, Secondly, in many cases, frequent post-surgery visits may be needed. And, most importantly, the surgery may fail to show outcome due to various reasons; short-term complications are also a significant concern. Most importantly, over the past few years, finding suitable candidates for surgery in the adjustable gastric banding market may be plainly ineffective.
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Global Adjustable Gastric Banding Market: Growth Dynamics
Growing demand for bariatric surgeries, especially in developed nations, is a key factor underpinning the evolution of the adjustable gastric banding market. Growing awareness of the minimal risk involved in this type of bariatric surgery is also boosting the market. This is because numerous aspects make the surgery minimally invasive and hence attractive for patient populations around the world. Obesity has put a huge burden on the primary health care in several countries across the world.
Over the past few years, the market has gained momentum from the regulatory impetus, especially from the approval of the procedure from the Food and Drug Administration and the U.K. NICE guidelines. The most attractive proposition boosting the demands in the adjustable gastric banding market are that the procedure doesn’t appear to alter the digestive capability of the body of the patient. This is due to the fact that the process doesn’t involve stapling of the stomach and bowel.
Global Adjustable Gastric Banding Market: Notable Developments
Expanding options for surgical management of morbid obesity in patients has made a large bearing on the growth trajectories of the adjustable gastric banding market, and will continue to define its contours. However, weight loss surgery in adults hasn’t receive adequate attention for researchers to come with a potential review of the outcomes and side-effects in patients. This in a way has also hindered finding the most suitable candidates for adjustable gastric banding.
One of the areas that have seen notable advancement in the adjustable gastric banding market are on the back of research and studies to help surgeons decide the laparoscopic lap band placement. This has led to the advent of pars flaccida technique. Researchers in recent years have conducted systematic review of pars flaccida technique and have demonstrated improvements in them. One way they achieved this is by reducing the chance of band slippage. Numerous studies have also focused on improving placement of the gastric band.
Some of the key companies incessantly working toward consolidating their positions are:
- ReShape Lifesciences
- Mediflex Surgical Product
- Intuitive Surgical
- Apollo Endosurgery
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Global Adjustable Gastric Banding Market: Regional Assessment
Among the various regional markets, the adjustable gastric banding market is witnessing sizable prospects in North America, Europe, and Asia Pacific. North America with a robust health care paradigm and a large patient pool has been contributing large streams of revenues in the global market. On the other hand, extensive studies has been made by researchers in the region to understand the banding technique and the complications associated with the procedure. This has considerably expanded the prospects over the past few years.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.