Bariatric surgery devices are clinical instruments used for performing weight loss surgeries by restricting the amount of food being held in the stomach, causing mal-absorption of nutrients. They also help in enhancing the production of gut hormones, which helps reduce appetite and provide the feeling of satiety.
There are numerous bariatric surgery and implantable devices available in the market, such as trocars, stapling, vessel sealing and suturing devices, and adjustable gastric bands, gastric balloons, and electrical simulators.
The global bariatric surgery devices market is primarily driven by a significant increase in the obese and overweight demographic. This can be attributed to unhealthy eating habits, along with the prevalence of chronic diseases and sedentary lifestyles. Consequently, this has led to a rise in the expenditure on weight-loss procedures, which has provided a positive impact on the market. Besides this, the demand for bariatric surgery devices has increased with the growing preference for minimally invasive procedures. Moreover, technological advancements have resulted in improvements and development of surgical tools with minimal pain and enhanced cosmetic results. These factors are expected to create a positive outlook for the market in the coming years.
Key players in the global bariatric surgery devices market include Apollo Endosurgery Inc., GI Dynamics, Intuitive Surgical Inc., Johnson & Johnson Services Inc., Medtronic Inc., Olympus Corporation, Reach Surgical Inc., Reshape Lifesciences Inc., Spatz Fgia Inc., TransEnterix Inc., and USGI Medical Inc.
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Key Segments of the Report
Market Breakup Procedure Type: Minimally Invasive Surgical Procedures, Non-Invasive Surgical Procedures. Market Breakup by Device Type: Assisting Devices (Stapling Devices, Energy Based Vessel Sealing Devices, Suturing Devices, Trocars, Clip Appliers, and Others) and Implantable Devices (Gastric Bands, Electrical Stimulators, Gastric Balloons, Transpyloric Shuttle, and Others). Market Breakup by Procedure: Sleeve Gastrectomy, Adjustable Gastric Banding, Roux-en-Y Gastric Bypass, Biliopancreatic Diversion with Duodenal Switch, and Others.
Market Breakup by Application: Weight Loss, Hereditary Disease, and Other Disorders. Market
Breakup by End-User: Bariatric Surgery Clinics, Hospitals, and Others.
Regional Analysis is by North America (United States, Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and Others), Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others), Latin America (Brazil, Mexico, Others), Middle East and Africa.
As the novel coronavirus (COVID-19) crisis commands the world’s attention, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
There are 110 pages in this report which was published on May 6, 2020.