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Bariatric Surgery Devices Market Comprehensive Review of its Applications Growth Opportunities and Future Prospects

The market is growing mainly due to increasing prevalence of obesity leading to high demand for obesity surgeries, rising awareness about bariatric surgery in obese population, lifestyle changes leading to high risk of obesity, and technological advancements in the obesity surgery devices industry.

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Bariatric Surgery Devices Market Comprehensive Review of its Applications Growth Opportunities and Future Prospects

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  1. Obesity Surgery Devices Market to Reach $2.8 Billion by 2023

  2. Obesity Surgery Devices Market Global obesity surgery devices market size is forecasted to attain a value of $2.8 billion by 2023 growing at a CAGR of 9.9% during 2017-2023. The boost in demand for the obesity surgery devices is due to various factors such as increasing prevalence of obesity leading to high demand for obesity surgeries, rising awareness about bariatric surgery in obese population, lifestyle changes leading to high risk of obesity, and technological advancements in the obesity surgery devices industry. Explore Report with Detailed TOC at: https://www.psmarketresearch.com/market-analysis/obesity-surgery-devices-market

  3. Obesity Surgery Devices Market Obesity surgery is performed using several devices that are available in the market including stapling devices, gastric bands, gastric balloons, gastric electric stimulators and several others. Stapling devices held the largest share of the global obesity surgery devices market in 2016, owing to their high application in almost all types of bariatric surgeries to staple the stomach and intestine parts. Asia–Pacific is expected to observe the fastest growth in the obesity surgery devices market, due to increasing aging population, rising prevalence of obesity, and booming medical tourism in the region. According to the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), the number of people aged 65 years and above constituted approximately 11.4% of population in 2013, and the count is estimated to reach approximately 20% of the population, by 2050. As a result, an increase in the demand for devices for obesity surgery is expected to increase in the region.

  4. Obesity Surgery Devices Market Globally, the key players in the obesity surgery devices market are launching new products to gain a larger market share. For instance, in April 2017, Intuitive Surgical, Inc., announced that the company had received CE Mark approval in Europe for its da Vinci X Surgical system. This approval expanded the company’s product portfolio and also provided surgeons and hospitals with advanced robotic assisted surgical technology at an affordable range.

  5. Obesity Surgery Devices Market In May 2016, Apollo Endosurgery, Inc., along with Zillion technologies Inc., announced the launch of ORBERA Coach platform that would provide telehealth monitoring of patients undergoing ORBERA Gastric Balloon procedure. ORBERA Coach is a telehealth aftercare program that allows patients to access exercise, nutrition, and other coaching resources via on demand interaction with registered dietitians trained on the ORBERA procedure during the 12 months following placement of the ORBERA gastric balloon. These developments are likely to add to the growth of the obesity surgery devices market. Other key manufacturers operating in the obesity surgery devices industry include Medtronic plc, Johnson & Johnson, Spatz FGIA Inc., W. L. Gore & Associates, Inc., ReShape Lifesciences, Inc. (formerly EnteroMedics Inc.), and Cousin Biotech.

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