Global Obesity Surgery Devices Market: Obesity Endemic Worldwide Noticed by Variant Market Research
Added: (Wed Feb 07 2018)
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According to the latest report published by Variant Market Research, the global obesity surgery devices market size is projected to reach $3,567 Million by 2024 from $1,728 Million in 2016. In this report, obesity surgery devices market forecast says that the global market is growing at 9.5% CAGR from 2017 to 2025.
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Growing occurrence of childhood obesity to drive the global market
The global obesity surgery devices market trend includes rising consumption of fast-food, obesity endemic worldwide, rising disposable income, and growing occurrence of childhood obesity. With a rapid increase in the population suffering from the problem of obesity and related comorbidities, the Brazil obesity surgery devices market is expected to grow over the forecasted period. Though, factors including selective nature of obesity surgery and high procedural costs may hinder the obesity surgery devices market growth. Moreover, growing awareness and mounting demand for less invasive surgeries would provide an opportunity for players of market.
The global obesity surgery devices market is classified into Procedure, device, and geography. Procedure (i.e. bariatric surgery for obesity) segment includes sleeve gastrectomy, Roux-en-Y gastric bypass, adjustable gastric banding, biliopancreatic diversion with as duodenal switch, and other procedures. Further, the market is classified on basis of obesity surgery medical devices into staples, gastric electrical stimulator, gastric bands, intragastric balloon, and other devices. North America (United States, Mexico, and Canada), Europe (France, Italy, Germany, Russia, United Kingdom, and Rest of Europe), Asia-Pacific (Japan, China, South Korea, India, and Rest of Asia-Pacific) and RoW (Middle East, South America, and Africa) are the key geographical regions included in this market.
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Roux-en-Y gastric bypass, by procedure dominated the global market in 2017
Roux-en-Y gastric bypass held for the highest market share in 2017, and expected to continue its dominance over the forecast period, 2017– 2025. The growth is attributed to its minimally invasive nature.
Staples, by device dominated the global market in 2017
Staples held for the highest market share in 2017, and expected to continue its dominance over the forecast period, 2017– 2025. The ongoing development of staples and its high adoption is the driving factor for the growth of the segment.
Asia-Pacific is estimated to witness fastest CAGR from 2017 to 2025
Asia-Pacific is predicted to grow at a fastest CAGR of over the forecast period 2017 to 2025. The growth is attributed to rising popularity of medical tourism, high consumption of fast food, and improved healthcare infrastructure in the region (including Australia, among others).
Key players are offering innovative products and services to increase their obesity surgery devices market share. Major players of the market are Allergan Inc., Mediflex Surgical Products, Johnson and Johnson, Cousin Biotech, Aspire Bariatrics, Inc., Spatz FGIA Inc., TransEnterix Inc., IntraPace Inc., Medtronic Inc., and EnteroMedics Inc., among others.
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Scope of Obesity Surgery Devices Market
• Roux-en-Y Gastric Bypass
• Sleeve Gastrectomy
• Adjustable Gastric Banding
• Biliopancreatic Diversion with As Duodenal Switch
• Other Procedures
• Gastric Bands
• Gastric Electrical Stimulator
• Intragastric Balloon
• Other Devices
• North America
o South Korea
o South America
o Middle East
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About Variant Market Research
Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy &Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
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