Bariatric Surgery Devices Market

Bariatric Surgery Devices Market - Global
Industry Insights, Outlook and Opportunity
Analysis, 2018-2026
Bariatric surgery, also known as weight loss surgery, is a class of bariatrics, which refers to a
minimally- invasive surgical procedure performed on people suffering from obesity. Bariatric
surgery aims to reduce the weight of an individual with the help of a surgery that reduces the
size of stomach by removing a portion of tissues or fats of the stomach. The National Institutes
of Health in the U.S. suggests a person to undergo bariatric surgery depending on the BMI of
the individual. Bariatric surgery is recommended to individuals with a minimum BMI of 40
whereas, people with specific serious coexisting medical conditions such as diabetes can also
undergo bariatric surgery with a BMI of 35.
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According to World Health Organization, the worldwide obesity has more than doubled since
1980. The key facts suggests that in 2014, over 1.9 billion adults were reported to be
overweight, out of which 600 million were reported obese. This trend was observed to persist
even in children under the age group of 5 years, wherein 41 million children were found to be
overweight. This has predominantly increased the rates at which people are undergoing bariatric
surgery, thereby elevating the bariatric surgery devices market. In addition to this, precaution
and preventive measures undertaken by people has resulted in rise of overall expenditure on
weight loss which in turn promotes the global sales of bariatric surgery devices. Moreover, the
regional governments taking initiatives regarding weight assessment and obesity related issues
are also positively influencing the bariatric surgery devices market.
Report includes chapters which deeply display the following deliverable about industry :
• Bariatric Surgery Devices Market Research Objective and Assumption
• Bariatric Surgery Devices Market Purview - Report Description, Executive Summary, and
Coherent Opportunity Map (COM)
• Bariatric Surgery Devices Market Dynamics, Regulations, and Trends Analysis - Market
Dynamics, Regulatory Scenario, Industry Trend, Merger and Acquisitions, New system
Launch/Approvals, Value Chain Analysis, Porter’s Analysis, and PEST Analysis
• Global Bariatric Surgery Devices Market, By Regions
• Bariatric Surgery Devices Market Competition by Manufacturers including Production, Share,
Revenue, Average Price, Manufacturing Base Distribution, Sales Area and Product Type.
• Bariatric Surgery Devices Market Manufacturers Profiles/Analysis including Company Basic
Information, Manufacturing Base and Its Competitors.
• Bariatric Surgery Devices Market Manufacturing Cost Analysis including Key Raw Materials
and Key Suppliers of Raw Materials.
• Industrial Chain, Sourcing Strategy and Downstream Buyers including Upstream Raw Materials
Sourcing and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders including Marketing Channel, Market
Positioning and Distributors/Traders List.
• Market Effect Factors Analysis including Technology Progress/Risk, Consumer Needs/Customer
Preference Change and Economic/Political Environmental Change.
• Bariatric Surgery Devices Market Forecast including Production, Consumption, Import and
Export Forecast by Type, Applications and Region.
• Research Findings and Conclusion
North America to contribute a highest share in the bariatric surgery devices market
North America was reported to be the largest regional contributor to the bariatric surgery
devices market in 2014, followed by the Europe. This is mainly attributed to high rates of
obesity in the U.S. and active government involvement and support to expand research in the
field that is undertaken by various companies manufacturing bariatric surgery devices. For
instance, the German federal ministry has formed a funded research program called as the
Competence Network Obesity and Integrated Research at about USD 26 Million for the years
2012-2015. Government initiatives such as accessibility to the patient population and
distribution of early care strategies and community guide in order to control and treat obesity
in the American and the European countries are playing a pivotal role in the growth of
bariatric surgery devices market. On the other hand, Asia Pacific is the fastest growing potential
market for bariatric surgery devices. This is mainly due to rapidly increasing inclination of the
populace towards fast food, in turn increasing prevalence of obesity. The market in the region
is also characterized by the wide availability of low cost devices. Moreover, major players in
the market are focusing closing studying consumer behavior and accordingly aligning their
strategies to best capitalize on opportunities on offer. For example, Covidien Plc set up a
research facility in India to find out the factors responsible for obesity in India.
High obesity rates in the world regulating the growth for bariatric surgery devices market
The major factor driving the bariatric surgery device market is the rapid growth of obesity
cases across the globe. The Institute of Health Metrics and Evaluation suggests that 2.1 billion
people, which accounts up to 30% of the world population are suffering with obesity and
overweight. Thus, the awareness in these population can be potential to fuel the demand of
these surgical devices. Additionally, a major shift in food habits, fast food preferences,
imbalanced diet and inclination of majority of population towards luxuries and sedentary
lifestyles are major factors leading to obesity that can boost the bariatric surgery devices
industry growth. The medical practitioners and surgeons that are improving their skills to meet
the rising demand for bariatric surgery are also responsible for impacting the market growth.
Moreover, the non- invasive nature of this surgical technique that causes no apprehension to
the patients makes it more viable and feasible thereby resulting in the expansion of the market
at faster rates. However, certain restrains such as chances of internal bleeding, gastric band
slippage, hernias, bowel obstruction and gastrointestinal ulcers can prove to barriers of the
bariatric surgery devices market.
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Allergen, Covidien, Ethicon, Olympus, Medtronic Inc. collaboratively dominating the bariatric
surgery devices market
The major players in this market are Allergan Inc., Cousin Biotech, Covidien PLC, Endogastric
Solutions Inc., EntroMedics Inc, GI Dynamics Inc, Intuitive Surgical Inc., Johnson and Johnson,
Olympus, Pare Surgical, ReShape Medical, Inc., Spatz FGIA Inc., Transenterix, Inc. Allergen,
Covidien, Ethicon, Olympus, Medtronic Inc. are the market leaders. Devices for sleeve
gastrectomy launched by Medtronic has indicated expansion of the bariatric surgery devices
market. The regional governments are also involved in assisting the manufacturers by providing
the companies with a certain capital that can be useful for market expansion.
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Bariatric surgery, also known as weight loss surgery, is a class of bariatrics, which refers to a minimally- invasive surgical procedure performed on people suffering from obesity.