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Sleeve gastrectomy is a surgical weight loss methodology that removes some part of stomach and limits the measure for nourishment that can be consumed. Similar to other metabolic surgeries, it promotes weight reduction by changing hormonal signs between the stomach, brain, and liver. Clinical study shows that the surgery, significantly reduces weight, as well as improves blood pressure. Gastric sleeve surgery may be an option for one who are quite obese and have not been able to shed weight through diet and exercise.

Based on device type, the global sleeve gastrectomy devices market can be segmented into assisting devices and implantable devices. Assisting devices can be further categorizes into suturing devices, closure devices, stapling devices, and others. High acceptance of suturing devices by surgeons, is attributed to the high growth of the segment. On the other hand, the closure devices segment is likely to expand significantly at a high CAGR, these are widely used in minimally invasive surgeries that need immediate closing of very small opening created at the time of surgical procedure Implantable devices can be classified into gastric bands, and gastric balloons. The gastric bands sub- segment holds the leading share, these have been approved by various regulatory agencies and well accepted among physicians. In the terms of end-user, the sleeve gastrectomy devices market can be divided into hospitals, and clinics. Hospitals was the leading segment of the market due to increasing in acceptance of minimally invasive surgeries.  Additionally, hospitals are preferred by both patients and physicians as they are well modernized with all the types of equipment for handling different conditions. Rise in prevalence of diseases related to obesity and awareness about obesity treatments and advances in MI (Minimally invasive) procedures are the major factors that likely to drive the sleeve gastrectomy devices market during the forecast period. Moreover, demand for laparoscopic surgery is increasing, due to minimal incision and low cost burden on patients in emerging economies. However, lack of reimbursement, and complication associated with the surgical procedure are expected to hamper the market growth.

In terms of region, the global sleeve gastrectomy devices market can be segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America is the leading regional market for sleeve gastrectomy devices due to increase in obesity and associated diseases such as diabetes and sleep apnea. Inactive lifestyle and rise in intake of junk food have been the major factors for increase in obesity. To address this, large number of individuals are undergoing sleeve gastrectomy for weight loss to avoid further complications. Europe is also a significant market for sleeve gastrectomy devices due to a well-developed healthcare infrastructure and increased spending on health. However, the sleeve gastrectomy devices market in Asia Pacific is expected to witness strong growth during forecast period. Economic growth in countries such as China and India has led to increased spending on convenience foods, leading to lifestyle diseases such as obesity. This, in turn, has led to high demand for gastrectomy. Technological advancements, increased per capita income, rise in expenditure on personal care and growing incidences of diseases related to obesity are likely to augment the sleeve gastrectomy devices market in Middle East & Africa during the forecast period.

Major players operating in the global sleeve gastrectomy devices market are Intutive Surgical Inc., Apollo Endosurgery Inc., TransEnterix Inc., Cousin Biotech, EnteroMedics Inc., Medtronics Plc., Agency for Medical Innovations,  Aspire Bariatrics Inc.,  Mediflex Surgical Products. and Ethicon Inc.,

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
  • Europe
  • 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.

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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?

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Sleeve Gastrectomy Devices Market