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The market is segmented By Device (Assisting Devices, Implantable Devices, and Other Devices)
The major factors contributing to the growth of the bariatric surgery market in United Kingdom includes increase in obesity among people, rising burden of diabetes and heart diseases and rising government initiatives. According to National Health Service (NHS), obesity is a common problem in the UK, which affect around 1 in every 4 adults and around 1 in every 5 children aged 10 to 11. In 2017, around 30% of children aged 2 to 15 in England were overweight or obese, including 17% who were obese. Being overweight or obese is associated with an increased risk of a number of common diseases and causes of premature death, including diabetes and cardiovascular disease. Hence, as the prevalence of obesity is increasing, the bariatric surgeries will also rise, which is expected to propel the market growth.
As per the scope of the report, Bariatric surgery or weight loss surgery is used as one of the major treatment procedures for treating obesity. It is generally the last option for patients who have failed to lose weight by several other means. During this procedure, the size of the stomach is reduced by either removing some parts of the stomach or by using a gastric band.
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Based on Assisting Devices, the market is segmented into Suturing Device, Closure Device, Stapling Device, Trocars and Other Assisting Devices. Closure devices are expected to register high growth, as they are widely used in minimally invasive surgeries that require immediate closure of very small incisions made at the time of surgical procedures. The number of minimally invasive surgical procedures is rising each year and this is helping the market to grow. Closure devices are used for reconnecting tissues during surgical procedures and for closing incisions made by trocars. The laparoscopic port closure device successfully closes port sites in obese patients undergoing bariatric procedures and surgeries. Therefore, the rising number of laparoscopic procedures is expected to increase the usage of closure devices.
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The market studied is moderately competitive and there are several local as well as international medical device companies that are operating in the United Kingdom bariatric surgery market. The major players into the United Kingdom bariatric surgery market are Apollo Endosurgery Inc., B. Braun Melsungen AG, Conmed Corporation, Intuitive Surgical Inc., Johnson and Johnson, Medtronic PLC, Olympus Corporation and The Cooper Companies, Inc.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Burden of Diabetes and Heart Diseases
4.2.2 Increase in Obesity Among People
4.2.3 Rising Government Initiatives
4.3 Market Restraints
4.3.1 High Cost of Surgery
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Device
5.1.1 Assisting Devices
188.8.131.52 Suturing Device
184.108.40.206 Closure Device
220.127.116.11 Stapling Device
18.104.22.168 Other Assisting Devices
5.1.2 Implantable Devices
22.214.171.124 Gastric Bands
126.96.36.199 Electrical Stimulation Devices
188.8.131.52 Gastric Balloons
184.108.40.206 Gastric Emptying
5.1.3 Other Devices
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Apollo Endosurgery Inc.
6.1.2 B. Braun Melsungen AG
6.1.3 Conmed Corporation
6.1.4 Intuitive Surgical Inc.
6.1.5 Johnson and Johnson
6.1.6 Medtronic PLC
6.1.7 Olympus Corporation
6.1.8 The Cooper Companies, Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments