Increasing prevalence of obesity among adults along with rising sedentary lifestyle are anticipated to drive bariatric surgery devices market size.
Increasing prevalence of obesity among adults along with rising sedentary lifestyle are anticipated to drive bariatric surgery devices market size. Many countries are witnessing a greater risk of people developing chronic diseases and health conditions including diabetes, stroke, and other heart disorders owing to high intake of unhealthy foods, high calorie diets, and growing urbanization.
According to WHO, over 1.9 million adults, 18 years and older were overweight in 2016 and out of these over 650 million were obese. Rising cases of obesity lead to rapid increase in other chronic diseases such as high blood pressure and cancer, which will create substantial opportunities for bariatric surgery devices market worldwide.
In recent years it has been observed that surgical options for obesity treatment have become more common. Of late, bariatric surgery has proven successful in treating not only obese conditions but also considerably reducing overall obesity-related morbidities and enhancing quality of life of patients.
Enumerated below are certain factors likely to influence the adoption of bariatric surgical devices over the estimated timeline:
Consistent adoption of robotic surgery procedures
In terms of procedure, bariatric surgery includes following types of surgeries - gastric bypass, adjustable gastric banding, non-invasive bariatric surgery, and sleeve gastrectomy, among others. From these, sleeve gastrectomy is a widely adopted surgery among patients to combat severe obesity and effectively maintain weight loss in the long run.
Reports suggest that in 2018, sleeve gastrectomy segment had registered nearly 44% of global bariatric surgery devices market share in terms of revenues and is expected to depict considerable CAGR over the coming years. However, lower surgical risk, faster weight loss, and fewer complications will propel the need for efficient surgery devices, including robotic assistance.
With the advancement in technologies, several healthcare companies are enhancing their portfolio by introducing advanced robotic surgery to assure a healthier post-operative life, shorter hospital stays, and making many aspects of the procedure more precise.
In February 2019, Ethicon Inc., a subsidiary of Johnson’s & Johnson’s had acquired robotic technology developer Auris Health for around $3.4 billion in cash. This acquisition was aimed at ramping up Johnson & Johnson’s entry into robotics with potential for expansion into other interventional applications.
Similar moves by manufacturers and healthcare providers to adopt robotic procedures could highlight the trend in medical devices, subsequently boosting bariatric surgery devices market forecast.
To access sample pages of this report titled, “Bariatric Surgery Devices Market Size By Product (Minimally Invasive Surgical Devices [Stapling Devices, Energy/Vessel-sealing Devices, Suturing Devices], Non-invasive Surgical Devices), By Procedure (Sleeve Gastrectomy, Gastric Bypass, Revision Bariatric Surgery, Non-invasive Bariatric Surgery, Adjustable Gastric Banding, Mini-gastric Bypass), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents, please click on the link below:
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Prevalence of obesity in North America
In terms of the regional landscape, obesity has become a severe health problem in the United States and reports suggest that nearly $147 billion is spent on additional medical expenses within the country and is projected to increase significantly every year.
With the rising incidences of obesity in children and adults, various healthcare units in the region are massively adopting bariatric surgery for weight loss, which is considered a safe and durable treatment option. As obese patients continue to grow in number in conjunction with growing healthcare expenditure in the region, North America bariatric surgery devices market outlook will witness a considerable momentum.
Companies based in the region as consistently attempting to meet an increased demand for effective bariatric treatment procedures. Texas-based Apollo Endosurgery had recently unveiled results from a study involving 1,000 patients who underwent surgery to lose weight using the company’s OverStitch device. The study concluded the procedure as appealing for patients and now is an accessible option.
Demand for minimally invasive surgical devices
Nowadays, several hospitals, pharmaceutical companies have shifted their preference towards minimally invasive medical devices as they have transformed surgical procedures to a great extent by speeding recovery times and enhancing overall patient outcomes.
Medical device manufacturers are constantly looking to create smaller and smarter tools for surgical applications that aid to provide best results to patients without compromising safety. Substantial measures undertaken by various industry players are certain to generate profitable avenues for bariatric surgery devices market, across myriad geographies.
In 2017, Medtronic plc, the world’s largest medical device company had launched Signia Stapling System which also provides real time feedback and automated responses to that real time data. With the advent of newly launched devices, the company will certainly be able to expand various treatment options for patients across the healthcare domain.
Growing demand for bariatric surgery devices will significantly expand production capacities and R&D expenditure globally. As per research compiled by Global Market Insights, Inc., global bariatric surgery devices market is expected to surpass total annual revenues of USD 2 billion by 2025.
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