The globalbariatric surgery market playersis expected to exhibit a robust 8.8% CAGR over the forecast period, according to a new research report from Market Research Future (MRFR). The main driver of the global market for this operation is the rising demand for bariatric surgeries from the urban population in developed economies. The increased prevalence of obesity in Western metropolitan areas is expected to fuel growth in the global market for bariatric surgery over the course of the forecast period.
During bariatric surgery, the stomach is cut off in order to decrease the patient's food intake without increasing their appetite. A BMI of 40 or above is typical for people undergoing bariatric surgery. Thus, people with severe instances of obesity who run the risk of developing morbid obesity are typically the best candidates for bariatric surgery.
The predicted period will see an increase in the prevalence of obesity, which is expected to have a major impact on the global market for bariatric surgery. The prevalence of sedentary lifestyles devoid of physical activity and rising fast food consumption have both increased obesity rates globally over the past few decades. One of the best ways to manage obesity is through bariatric surgery, which lowers one's caloric intake capacity and encourages quick weight loss after the treatment.
Over the projected period, improvements in bariatric surgery are also likely to increase demand. Over the course of the forecast period, the market for bariatric surgery is anticipated to experience innovation as a result of the rising desire for lessinvasive procedures. Manufacturers will be rushing to meet this need as quickly as they can. Over the projected period, the global market for bariatric surgery is likely to be driven by the rising number of patients choosing this procedure.
Competitive Analysis:
Leading global bariatric surgery market Players include Apollo Endosurgery Inc., Olympus Corporation, TransEnterix Surgical Inc., EndoGastric Solutions Inc., Medtronic, Aspire Bariatrics, Mediflex Surgical Products, Intuitive Surgical, ReShape Lifesciences Inc., Cousin Biotech, Allergan, and Johnson Johnson Services Inc.
Segmentation of Bariatric Surgery Market
The globalbariatric surgery marketis segmented on the basis of device, type, and end user.
On the basis of the device,the bariatric surgery market is segmented into surgical stapler gastric bands, gastric balloons, gastric emptying systems, electrical stimulation systems, and others.
On the basis of the type,the market is segmented into gastric bypass, sleeve gastrectomy, adjustable gastric band, biliopancreatic diversion with duodenal switch, and others.
On the basis of the end user, the bariatric surgery market is segmented into hospital clinics, surgical centers, and others.
Regional Analysis:
Due to the high incidence of obesity in the region, the Americas account for the majority of the global market for bariatric surgery. Due to the rising incidence ofobesityamong both urban and rural populations in the region, North America is expected to have a significant impact on the global market for bariatric surgery in the years to come. Over the course of the projection period, the bariatric surgery market in the region is anticipated to increase steadily due to the region's consumers' increasing awareness of the need of preserving a youthful appearance. The high disposable income of consumers in the region is also likely to be a major driver for the global bariatric surgery market over the forecast period. According to the CDC, one third of the U.S. population were obese in 2014, leading to strong prospects for the bariatric surgery market in the region.
Europe is also likely to emerge as a major regional market for bariatric surgery in the coming years due to the growing prevalence of obesity in advanced Western economies and the growing availability of government funding for research.
Asia Pacific is expected to experience a rapid growth in the bariatric surgery market over the next few years, while having a relatively modest market share globally. The main reason for this is that diabetes is spreading throughout the area.
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