Albany NY, United States: The global bariatric surgical devices market is anticipated to experience high competition among the players, observes Transparency Market Research.
Albany NY, United States: The global bariatric surgical devices market is anticipated to experience high competition among the players, observes Transparency Market Research. Leading players in the market are using different business development strategies to establish themselves in the market and to expand their reach in the global market. Moreover, these players are also putting efforts in research and development activities and are focusing on using advanced technologies to develop advanced surgical devices.
On the other hand, small players in the market are using strategies like acquisition to expand their presence in the global market. TransEnterix Inc., Cousin Biotech, EnteroMedics Inc., Agency for Medical Innovations, Medtronics Plc, Aspire Bariatrics Inc., and Intutive Surgical Inc. are some of the leading players operating in the bariatric surgical devices market.
Request Brochure of Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1369
According to the report published by Transparency Market Research, the global bariatric surgical devices market is projected to rise at a healthy 9.3% CAGR during the forecast period from 2017 to 2025. By rising at this rate, the valuation of the market is expected to touch US$1.74 bn by the end of 2025. In 2016, the valuation of the market was US$0.79 bn.
Among the various end-users, the demand from bariatric surgery clinics was high as compared to other in 2016. This was due to increasing demand for minimally invasive surgeries that were usually performed in bariatric surgery clinics. Based on geography, North America is leading the global market due to the rising incidences of obesity and associated comorbidities such as sleep apnea, diabetes in the region. Thus to address these diseases the demand for bariatric surgical devices has grown largely.
Get COVID-19 Analysis on Bariatric Surgical Devices Market - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=1369
Growing Prevalence of Obesity to Drive Demand for Bariatric Surgical Devices
One of the major factors driving the demand in the bariatric surgical devices market is increasing sedentary lifestyle and growing prevalence of obesity mainly in the developed regions. Nowadays, prevalence of obesity is high in developing nations that have increased health concerns at the global level. The rising demand for minimally invasive procedures has also benefitted the growth in this market.
Furthermore, government initiatives to spread awareness about the unhealthy food and drinks are likely to boost the demand in the bariatric surgical devices market. Sponsored bariatric surgeries by the regional governments in developed countries and increasing reimbursement coverage are expected to surge the demand in this market.
Enquiry Before Buying - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=1369
Lack of Awareness to Limit Growth of Bariatric Surgical Devices Market
On the contrary, the bariatric surgeries are expensive that could restrain the market from growing at its full potential. Moreover, small group of people having high disposable income and lack of awareness about these devices and surgeries are expected obstruct the growth of this market. However, players in the market are making conscious efforts and investing in research that is likely to benefit the market’s growth.
Growing innovation in medical field and increasing study of co-morbidity by the players is projected to reduce the effects of the above-mentioned limitations. Thus, growing efforts by players will increase growth opportunities in the market.
Browse more Reports by Transparency Market Research:
Medical Digital Imaging Systems Market: The global medical digital imaging systems market is likely to be propelled by the rising need for early as well as effective diagnostic methods and a swelling population of the elderly. Increased government spending and technological improvements, notably in developing nations like China and India, are anticipated to augment market expansion in the years to come.
Nanopharmaceuticals Market: Increase in the incidence of chronic diseases such as cancer, infectious diseases, and cardiovascular diseases, is one of the main factors fuelling nano-pharmaceuticals market. Prominent players in the nano-pharmaceuticals market are investing on large scale in order to introduce improved medicines in the market.
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Contact
Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/