Sarasota, FL, Aug. 03, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Obesity Surgery Devices Market by Surgery Procedure (Gastric Bypass Surgery, Sleeve Gastrectomy Surgery, Gastric Banding Surgery and Others) and By Devices (Adjustable Gastric Bands, Intragastric Balloons, Clip Appliers, Surgical Staples, Trocars and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 - 2022”. According to the report, the global obesity surgery devices market was valued at approximately USD 1.64 billion in 2016 and is expected to generate revenue of around USD 2.83 billion by 2022, growing at a CAGR of around 9.5% between 2017 and 2022.
Obesity is a major public concern across the globe and is associated with many chronic health disorders such as diabetes, heart disease, stroke, sleep disorders etc.
Browse through 29 Market Tables and 25 Figures spread through 110 Pages and in-depth TOC on "Global Obesity Surgery Devices Market: By Device Type, Surgery, Size, Share, Trends and Forecast 2016 – 2022”.
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Obesity is developed as a result of abnormal or excess fat deposition in the body. Lack of physical activity due to a sedentary lifestyle, changing modes of transportation, excessive consumption of fatty food are the main causes of obesity along with genetic factors. As per World Health Organization, obesity is one of leading preventable cause of the death. Obesity can be overcome by limiting energy intake from total fats and sugars, increasing consumption of fruits and fiber rich vegetables along with the regular physical activity. Treatments for obesity range from healthy eating and exercise to prescription medicine and surgery. Various obesity surgeries performed are gastric bypass surgery, sleeve gastrectomy surgery, gastric banding surgery etc.
Global obesity surgery devices market is primarily driven by growing prevalence of obesity across the globe. Other major driving factors are increasing the prevalence of obesity associated chronic diseases and growing awareness about obesity related complexities. However, the high cost of surgeries and lower disposable incomes are the major restraints that may limit the growth of the market. Nonetheless, government initiatives to curb the obesity coupled with a huge investment in obesity surgery devices across the globe are likely to disclose the new avenues for obesity surgery devices market in the near future.
Browse the full " Obesity Surgery Devices Market by Surgery Procedure (Gastric Bypass Surgery, Sleeve Gastrectomy Surgery, Gastric Banding Surgery and Others) and By Devices (Adjustable Gastric Bands, Intragastric Balloons, Clip Appliers, Surgical Staples, Trocars and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 - 2022" report at https://www.zionmarketresearch.com/report/obesity-surgery-devices-market
The obesity surgery devices market is segmented on the basis of different surgical procedures such as gastric bypass surgery, sleeve gastrectomy surgery, gastric banding surgery and others. Gastric bypass surgery segment holds a maximum share of global obesity surgery devices market.
Based on device type, obesity surgery devices market is classified into adjustable gastric bands, intragastric balloons, clip appliers, surgical staples, trocars and others.
North America represents developed regional markets for obesity surgery devices and is expected to see the rapid growth in the years to come. The U.S. is by far the leading obesity surgery devices market by country in North America. The U.S. market is expected to grow at the highest CAGR during the forecast period. This growth is mainly due to the well-developed healthcare infrastructure and increasing awareness about obesity related chronic diseases and complexities. Moreover, the government initiatives to curb obesity and insurance coverage for surgery procedures promote the growth of obesity surgery devices market.
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Europe was the second largest regional market and is expected to show significant growth in the years to come. This growth is mainly due to increase in a number of obese population.
Asia Pacific is expected to witness noticeable growth in the near future. In Asia, China, India, and Japan will continue to be the fastest growing markets in obesity surgery devices market. Growth in Asia Pacific market is expected to be driven by increasing health awareness, growing population with obesity and related chronic diseases and increasing disposable income.
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In Middle East & Africa; African region is projected to register moderate growth rate due to lack of awareness. Latin America is another important regional market and is expected to experience moderate growth over the forecast period. Thus, all the aforementioned parameters are expected to propel the market growth in this region.
Some of the key players in obesity surgery devices market include Allergan, Inc., Medtronic, Inc., EnteroMedics, Inc., Cousin Biotech, Johnson & Johnson, Mediflex Surgical Products, TransEnterix Inc., Aspire Bariatrics and Spatz FGIA Inc. among others.
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This report segments the global obesity surgery devices market as follows:
Global Obesity Surgery Devices Market: By Surgery Procedure
- Gastric Bypass Surgery
- Sleeve Gastrectomy Surgery
- Gastric Banding Surgery
- Others
Global Obesity Surgery Devices Market: By Device Type
- Adjustable Gastric Bands
- Intragastric Balloons
- Clip Appliers
- Surgical Staples
- Trocars
- Others
Global Obesity Surgery Devices Market: By Region
- North America
- U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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