The North America Bariatric Surgery Market has been estimated at USD 589.24 million in 2016 and is projected to reach USD 1,155 million by 2021, at a CAGR of 11.6% during the forecast period from 2016 to 2021. Bariatric surgery is a procedure of weight loss performed in obese people. The surgical procedure includes both invasive and non invasive techniques and can be performed in both open and laparoscopic types.
The bariatric surgery causes significant long-term loss of weight, recovery from diabetes, improvement in cardiovascular risk factors and a significant reduction in mortality. It has also been found that psychological health can improve after a bariatric surgery in patients with severe depression due to their weight concerns. . The U.S. National Institutes of Health recommends bariatric surgery for obese people with a body mass index (BMI) of at least 40, and for people with BMI 35 and serious coexisting medical conditions such as diabetes.
The market is driven by a number of factors like a steady increase in the number of obese patients high prevalence rate of Type 2 Diabetes and heart ailments, emerging Government initiatives to curb obesity, changes in insurance policy, public awareness, improved surgical training and a shift in trends to fast food and sedentary lifestyle. However, the market is restrained by the high cost affiliated to the surgical procedure, post surgery complications like gastrointestinal ulcers or bleeding, small bowel obstruction and hernia and the preference and the rapid growth of weight loss diet like food, low calorie beverages and supplements.
The bariatric surgery market can be broadly segmented on the basis of products and type of surgery. The product segment is further sub segmented into adjustable gastric bands (realize band, lap band, heliogast and midband), intragastric balloons, implantable gastric stimulators, two techniques, surgical clamps, gastric surgery clamps, clip appliers, endo stitch and surgical staples and trocars. Based on the type it is sub segmented as gastric bypass, gastric banding and sleeve gastrectomy.
The North America bariatric Surgery Market has been broadly divided geographically into the USA and Canada market.
The key players in the bariatric surgery market in North America are Covidien plc, Ethicon Endo-Surgery Inc., Allergan Inc., EndoGastric Solutions, Inc. , GI Dynamics among many others.