The global market for bariatric surgery devices was worth nearly $1.5 billion in 2016 and will reach by $2.6 billion by 2021 with an estimated CAGR of 9.6% in a period of 2016-2021.
Bariatric surgery is a generic term commonly used for the surgical treatment of obesity.These procedures could be invasive or noninvasive and performed in both open and laparoscopic types.
With a rapid increase in the population suffering from the problem of obesity and related comorbidities, there is a critical and growing need for new and improved treatments for obesity. Increase in obesity patients, Increase in public awareness, Government initiatives to curb obesity, and insurance coverage are the driving factors for the market growth. Further, Increase prevalence rate of Type 2 Diabetes and heart diseases are also contributing to the growth of the market. The market is constrained by lack of knowledge and awareness in developing nations, less disposable income in developing nations, and very high cost of surgery.
Market is segmented based on products( Adjustable gastric bands, Intragastric Balloons, Implantable gastric Simulators, Surgical clamps, Clip appliers, Endo Stitch, Surgical staples), and based on geography( USA, Europe, Asia-Pacific, Row( Rest of world)).
Company profiles discussed in the report are Allergan, Inc, Covidien PLC, Endogastric Solutions, EnteroMedics, Inc, GI Dynamics, Inc., Intuitive Surgical,Inc, Johnson & Johnson, ReShape Medical, Satiety, Inc, Spatz FGIA, Inc, TransEnterix, Inc,.
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