Bariatric Surgery Devices Market
Bariatric Surgery Devices Market (Device - (Assisting Devices (Suturing Device, Closure Device, stapling Device, Trocars), Implantable Devices ( Gastric Bands, electrical Stimulation Devices, Gastric Balloons, Gastric Emptying); End-user -Bariatric Surgery Clinics, Hospital Pharmacies, Ambulatory Surgical Centers)) -Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
Global Bariatric Surgery Devices Market: Overview
Developing Healthcare Sector Propels the Growth
Amidst the outbreak of COVID-19, the healthcare sector is adopting new technology that can help the hospitals not just overcome the current pandemic but also for the future medical emergencies. Owing to the growing adoption of new tools and technologies, the global bariatric surgery devices market is projected to grow substantially during the tenure of 2017 to 2025.
A recent report by Transparency Market Research states that global bariatric surgery devices market is projected to witness 9.3% CAGR during the tenure of 2017 to 2025. As per the report the global bariatric surgery devices market stood at US$ 798.3 Mn during 2016 and is expected to offer significant growth potential to the players of the global bariatric surgery devices market in coming years.
Global Bariatric Surgery Devices Market: Key Trends
COVID-19 Outbreak Stimulates the Medical Offices to be on the Front Foot
COVID-19 has become a global pandemic and consumed more than million lives. This has stimulated healthcare companies are developing innovative tools and technologies that can help the doctors and medical officers to overcome the present and future medical emergencies. Owing to this the global bariatric surgery devices market is projected to grow exponentially in coming years.
Global Bariatric Surgery Devices Market: Key Drivers
Rising Cases of Global Hemorrhoid Treatment to Boost the Growth
Over the period of time, people are experiencing major stress and various gastrointestinal disorders. Due to these disorders the veins near the anal area gets swollen. Due to this swelling formations of hemorrhoids occur which can lead to bleeding and other infections. Due to this there is a major demand for hemorrhoid treatment devices across countries. Owing to this demand the global bariatric surgery devices market is expected to witness extensive growth during the tenure of 2017 to 2025. As per the report the hemorrhoid cases are witnessing significant rise. This growth in the incidences of the hemorrhoid is calling for new devices and treatments which is propelling the growth of global bariatric surgery devices market during the tenure of 2017 to 2025.
Demand for Cost Effective Treatment Devices to Propel the Growth
Treatment devices are costly and can cost a hefty amount for both the patients and hospitals. Owing to this there is a major demand for cost effective treatment devices. Hemorrhoids are becoming prevalent which is calling for new treatment devices which in turn is propelling the growth of global bariatric surgery devices market during the tenure of 2017 to 2025.
Hospitals and Clinics Segment to Witness Significant Growth
Developing countries are investing massive amounts in healthcare sector. The developing healthcare sector is propelling the hospital and clinics segment is projected to dominate the global bariatric surgery devices market during the tenure of 2017 to 2025. Moreover, the dominance of the segment is also attributed to the availability of multiple service options & devices and tie-ups with health care companies in order to enhance health care products and service offerings. The segment is projected to expand at a high CAGR, especially in developed economies, due to rise in geriatric population and increase in health care infrastructure and support. Moreover, rise in demand for hemorrhoid treatment devices in ambulatory surgical centers during medical emergency is anticipated to drive the segment.
Global Hemorrhoid Treatment Devices Market: Regional Analysis
North America had a significant dominance over the regional front of the global bariatric surgery devices market in 2017. The market in the region is driven by highly developed healthcare sector, increasing awareness among medical services providers about bariatric surgery devices, and persistent improvement of bariatric surgery devices. North America presents significant opportunities in the bariatric surgery devices market.
The global bariatric surgery devices market is highly competitive and has a moderately fragmented landscape. This landscape is the result of dominance of handful of players over the dynamics of the global bariatric surgery devices market. However, due to this landscape, the new players are unable to enter the global bariatric surgery devices market.
The new players are merging and collaborating with some of the established players of the market to overcome this challenge. This strategy allows the new players to accommodate their resource banks with technology and market exposure so that they can have a sustainable future in the global bariatric surgery devices market.
On the flip side, the established players are investing on industries such as healthcare where devices can be manufactured easily. Also these players are other businesses that can help them expand their production capacity. This allows the players to maintain their dominance in the global bariatric surgery devices market. With the help of these strategies, the established players can gain a competitive edge over the rivals and establish a firm stronghold over the global bariatric surgery devices market during the tenure of 2017 to 2025.
Some of the Prominent players in Global Bariatric Surgery Devices Market are:
- Boston Scientific Corporation
- Medtronic plc
- Cook Medical
- Johnson & Johnson
- Integra LifeSciences Corporation
- CONMED Corporation
- Medline Industries, Inc.
- Privi Medical
- Sklar Surgical Instruments
- Surkon Medical Co., Ltd.
Global Bariatric Surgery Devices Market: Overview
Bariatric surgery devices are the surgical devices used in the surgeries related to obesity for people with body mass index of more than 40 and more than 35 if they are suffering from comorbidities such as dyslipidemia, type II diabetes mellitus, gastroesophageal reflux, sleep apnea, asthma, and hypertension. Devices which were earlier used for bariatric surgery were the devices used for open surgeries. Recently there is lot of innovation in terms of minimally invasive bariatric surgery devices owing to the convenience and quick surgery. There are two types of bariatric surgery devices assisting and implantable devices. There is lot of innovation in the space of implantable devices which require very less incision. This report studies the current scenario as well as future market potential for bariatric surgery devices globally. This report provides an elaborate executive summary, which includes the market snapshot that provides market dynamics of various segments and sub-segments that are included in the report in a precise manner.
This report provides in-depth analysis of the bariatric surgery devices market. The stakeholders for this report include companies involved in the manufacturing of bariatric surgery devices, companies providing raw material for manufacturing bariatric surgery devices, and companies providing equipment for manufacturing. For providing the snapshot of the market to stakeholders, an executive summary section has been included in the report, which mainly summarizes the market trends, competition and size of different regions.
The market overview section of this report analyzes market dynamics such as drivers, restraints and opportunities that influence the bariatric surgery devices market in the current and future scenario. Market share analysis among the market players is analyzed to signify percentage share of the major players operating in the bariatric surgery devices market. All these factors will help the market players to decide about the business strategies and plans to be incurred in future for strengthening their position in the global market.
Global Bariatric Surgery Devices Market: Market Segmentation
The bariatric surgery devices market has been segmented based on devices type, assisting devices type, implantable devices type, and end-user. Based on assisting devices type, the global bariatric surgery devices market has been segmented into suturing devices, stapling devices, closure devices, trocars, others. Based on implantable devices type, the global bariatric surgery devices market has been segmented into gastric bands, gastric balloons, electrical stimulation devices, and gastric emptying. Based on end-user, the global bariatric surgery devices market has been segmented into bariatric surgery clinics, ambulatory surgical centers, hospital pharmacies, and others.
Geographically, the bariatric surgery devices market has been categorized into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Moreover, analysis for the major countries comprising U.S. Canada, Germany, U.K., Japan, China, Brazil, Mexico, Saudi Arabia and India have also been provided in the report. A detailed qualitative analysis of the factors responsible for driving and restraining the growth of the bariatric surgery devices market in various regions has been provided in this section.
The report provides market estimation of bariatric surgery devices market in terms of revenue (US$ Mn) for all the segments and sub segments with CAGR % for period 2017 to 2025, considering 2016 as the base year. The report also provides the volume of bariatric surgery devices products for all the segments and sub segments with CAGR % for period 2017 to 2025. Furthermore, the report incorporates market attractiveness analysis by geography category that depicts the most attractive region in the global market during the forecast period from 2017 to 2025.
Global Bariatric Surgery Devices Market: Competitive Landscape
This report also includes recommendations section that will assist new companies in establishing their presence and market players in expanding their market share in the bariatric surgery devices market. The report concludes with the company profile section which includes company overview, financial overview, product portfolio, business strategies and recent developments for market players. The major players that are profiled in the report include Apollo Endosurgery Inc., EnteroMedics Inc., Ethicon Inc., Medtronics Plc., TransEnterix Inc., Intuitive Surgical Inc., Agency for Medical Innovations, Aspire Bariatrics Inc., Cousin Biotech, and Mediflex Surgical Products.
The global bariatric surgery devices market has been segmented into:
by Device Type