Obesity Surgery Devices Market

Obesity Surgery Devices Market - An Overview

The global obesity surgery devices market is expected to witness strong growth during the forecast period between 2021 and 2031.

Obesity has emerged as one of the critical healthcare disorders globally in the last few years. It occurs mainly because of increased consumption of foods rich in fat content and decreased physical exercise, among large population sections.

An obesity surgery device helps to perform obesity surgeries which involves the removal of some parts of the stomach with the help of a gastric band.

Obesity surgery devices that involve non-invasive procedures have witnessed a rise in demand in recent times owing to fewer incisions caused on the body and lesser complications, post-surgery.

Obesity Surgery Devices Market-Trends and Opportunities

Rising prevalence of obesity among different population sections is expected to be the key growth driver for the global obesity surgery devices market.

In addition to this, increasing awareness about the ill effects of obesity, particularly among the obesity population, is anticipated to drive the growth in the obesity surgery devices market, in the coming years.

Also, increased expenditure on weight-loss surgeries by large population sections is expected to propel the obesity surgery devices market, in the years ahead.

Government initiatives and measures promoting the use of obesity surgery devices are expected to bolster the demand for obesity surgery devices, in future. The availability of personnel equipped to employ obesity surgery devices could drive product demand in future, too.

The gastric bypass procedure is expected to make the largest contribution to the overall obesity surgery devices market in future owing to the minimally invasive nature of the process.

The stapling product segment is expected to contribute the most to the obesity surgery devices market in the years ahead owing to the cost-effective nature of the product.

Obesity Surgery Devices Market - Competitive Landscape

The global obesity surgery devices market is extremely competitive. It is expected that many leading players will account for a large share in the overall market, in the years ahead.

Research and development undertakings to develop an improved quality of obesity surgery devices could be a key growth strategy for leading players in the obesity surgery devices market, in future.

Prominent players in the obesity surgery devices market could also collaborate with the lesser-known players in a bid to expand their market presence and increase their consumer base.

Some of the leading players in the obesity surgery devices market include Johnson and Johnson, MetaCure, Medtronic Inc., Apollo Endosurgery Inc., and Aspire Bariatrics.

Obesity Surgery Devices Market - Regional Assessment

The global obesity surgery devices market is classified into four regions, namely, North America, Asia Pacific, Europe, and the rest of the world.

North America is expected to be the dominant region in the global obesity surgery devices market in future owing to the rise in obesity cases in countries such as the U.S and Canada and increased public awareness about obesity surgery devices, in these countries.

Asia Pacific is expected to witness substantial growth in the obesity surgery devices market due to increasing cases of obesity in developing economies such as India and Indonesia and rising disposable income among various population sections in these countries.

Europe is expected to witness strong growth in the obesity surgery devices market owing to the extensive research and development undertakings in countries such as UK and Germany to produce improved quality of devices.

Leading market players could look to establish R&D centers, which exclusively function to produce improved quality of products in countries such UK and Germany, in the coming years.

The rest of the world is expected to witness moderate growth in the obesity surgery devices market, in the years ahead.