DUBLIN–(BUSINESS WIRE)–The “Global Bariatric Surgery Devices Market Size, Share & Industry Trends Analysis Report by Devices Type, Procedure, Regional Outlook and Forecast, 2022-2028” report has been added to ResearchAndMarkets.com’s offering.
The Global Bariatric Surgery Devices Market size is expected to reach $2.4 billion by 2028, rising at a market growth of 5.3% CAGR during the forecast period.
A treatment called bariatric surgery involves operating on the digestive system primarily for weight-loss purposes. By reducing the number of meals that the stomach can consume or limiting the number of nutrients that are absorbed in the intestinal canal, bariatric surgery devices change the gastrointestinal tract. Numerous operations are being carried out for obese patients as a part of bariatric surgery.
The standard of care treatments for long-term weight loss (sleeve gastrectomy, Roux en-Y bypass, and biliopancreatic diversions with duodenal switch) primarily work by changing the levels of the gut hormones that regulate satiety and hunger, creating a new hormonal weight set point. In these operations, bariatric surgery is a hormonal surgery in which the shift in gut hormones occurs as a result of the restriction and malabsorption of the process.
Market Growth Factors
Rising Prevalence Of Obesity All Over The World
Formerly regarded as a last alternative for weight loss, bariatric surgery has gained a lot of popularity over time due to the fact that it is both safer and more efficient than conventional medical techniques, such as prescription drugs and dietary counseling. Bariatric surgery has increased steadily in recent years all over the world.
The American Society for Metabolic and Bariatric Surgery (ASMBS) estimates that there were 158,000 bariatric procedures carried out in the US in 2011 as opposed to 198,851 in 2020. The market for bariatric surgery devices is predicted to develop as a consequence of the rising demand for related equipment & devices brought on by the rising number of performed bariatric procedures.
Helps In Preventing A Number Of Fatal Disorders
Obesity brings on a number of other diseases with it, including diabetes, liver cirrhosis, and cardiovascular disorders. According to the Cleveland Clinic, Type 2 diabetes can go into long-term remission after bariatric surgery.
According to the study’s findings, the technique is very successful in treating type 2 diabetes in obese people because it almost always leads to a three-year absence from insulin as well as other related medications. A person’s risk of coronary heart disease, peripheral heart disorder, and stroke is considerably lowered post weight loss surgery. This factor is stimulating the growth of the bariatric surgery market.
Market Restraining Factors
Complex Go-To-Market Procedures Along With The Dearth Of Skilled Personnel
One of the biggest factors, which is restricting the growth of the market is the increasing number of complications in the process of receiving approvals for the clinical use of these devices. Developing markets are working hard to establish a regulatory framework that will discriminate between pharmaceutical products and medicinal devices and equipment.
The approval process is currently unstable and causes delays because there is no definite line between pharmaceuticals and devices. Therefore, it is anticipated that unstable regulatory frameworks will lengthen the clearance process for surgical equipment, somewhat restricting the market’s expansion.
Scope of the Study
Market Segments Covered in the Report:
By Devices Type
Minimally Invasive Surgical Devices
Accessories
Suturing Devices
Stapling Devices
Energy/Vessel-sealing Devices
Noninvasive Surgical Devices
By Procedure
Sleeve Gastrectomy
Noninvasive Bariatric Surgery
Adjustable Gastric Banding
Gastric Bypass
Revision Bariatric Surgery
Mini-gastric Bypass
Biliopancreatic Diversion with Duodenal Switch (BPD/DS)
By Geography
North America
US
Canada
Mexico
Rest of North America
Europe
Germany
UK
France
Russia
Spain
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Singapore
Malaysia
Rest of Asia Pacific
LAMEA
Brazil
Argentina
UAE
Saudi Arabia
South Africa
Nigeria
Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
Johnson & Johnson
ReShape Lifesciences, Inc.
Apollo Endosurgery, Inc.
Medtronic PLC
Olympus Corporation
Intuitive Surgical, Inc.
B. Braun Melsungen AG
Spatz FGIA, Inc.
Cook Medical, Inc. (Cook Group)
Richard Wolf GmbH
For more information about this report visit https://www.researchandmarkets.com/r/qe575z
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