- The bariatric surgery devices market was valued around USD 1, 300 million in 2014. It is estimated to witness more than 10 percent CAGR in the seven years ahead. Factors that add market revenues include rising obesity incidences leading to altering life styles and chronic illnesses. Along with this, the market will expand in view of technological innovations by participants and incision-less surgeries.
For Market Research Report on “Bariatric Surgery Devices Market” Visit -http://www.grandviewresearch.com/industry-analysis/bariatric-surgery-devices-industry
For example, as per the World Health Organization assessment of May 2014, over 2.7 million people die annually due to obesity-related complications. There were over 1.5 billion obese cases in the U.S. in 2013. The nation spent more than USD 146 million on weight loss and approximately USD 240 million on medical amenities for obesity.
The bariatric surgery devices market is divided into procedures, devices, and regions. In terms of procedures, the market was led by Roux-en-Y Gastric Bypass in 2014. This procedure collected more than USD 500 million in 2014. It began in 1960 and is being carried out since then. Laparoscopic bypass surgery replaced conventional procedures and involved least and small incisions.
Additionally, gastric bypass surgery is performed on patients with gastric reflux and diabetes issues. Though, it leads the market, the sector of sleeve gastrectomy would expand most swiftly in the future. Sleeve gastrectomy is an incision-free surgical procedure and was recently sanctioned by the FDA. It has experienced several developments.
With respect to devices, staplers and sutures led the bariatric surgery devices market in 2014. Surgical incisions are stitched with their help. With the sanction of Reshape Dual Balloon by FDA in 2015, demand for intragastric balloon devices is estimated to grow tremendously in the coming years. These devices are non-invasive and save costs and time, thus more popular.
In terms of geographical regions, North America was the biggest bariatric surgery devices market in 2014. This was due to high obesity incidences and governmental research and funding by market participants to assess the efficacy of their obesity surgeries. There is a sharp increase in obesity in Europe, Ireland topping the region. Asia Pacific, with over 10% CAGR, is growing most rapidly due to increasing obese population and healthcare tourism.
Some players in the worldwide bariatric surgery devices market encompass Mediflex Surgical Procedures, Allergan Inc., Cousin Biotech, Covidien Plc, and Semiled Ltd.
Information Source: Grand View Research
To request a sample copy of this report, please complete the form below.
To purchase a copy of this report, please contact at
28 2nd Street, Suite 3036
San Francisco, CA 94105
Toll Free: 1-888-202-9519