The global bariatric surgical devices market is predicted to witness
a number of players contending to make their presence known in the
industry. Transparency Market Report (TMR) has recently published a
study that identifies some of the leading names in the bariatric
surgical devices market across the world. Among these names are some
key players such as Apollo Endosurgery Inc., Ethicon Inc., Allergen
Inc., and EnteroMedics Inc. The global market is expected to be a
highly competitive one, and the market participants are anticipated
to face ample rivalry in trying to establish themselves at the top.
These enterprises are contemplated to focus on their technological
advancements and research, to upkeep their industry position.
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The report published by TMR foretells that the global bariatric
surgical devices market is likely to rise at a CAGR of 9.3% during
the forecast period 2017-2025. While the market stood at US$798.3 mn
in 2016, it is envisaged to hit US$1,7441.1 mn by 2025. North America
is predicted to be the leading region in terms of market share on
account of rising FDA approval against bariatric procedures.
The international bariatric surgical devices market may be segmented
on the basis of the type of device, and by the end user. The device
type segment sees further division into sub-segments, among which,
the closure device segment is anticipated to witness a strong CAGR.
In 2016, suturing devices held dominant market share. However, the
forecast period is expected to foresee higher popularity of closure
devices. Closure devices are minimally invasive, require instant
closure of the incision made during surgery. Due to these advantages
over other devices, the closure devices segment is predicted to
register tremendous growth.
Geographically, North America is anticipated to be the leading region
in terms of performance in the worldwide bariatric surgical devices
market. This position could be acquired by the region due to accruing
obesity issues, junk food consumption, sedentary life choices, and
increasing instances of diabetes and sleep apnea. Europe is expected
to be another significant region contributing to market share, due to
enhanced health care facilities and spending capacities on wellness
and health.
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However, on account of rising economies, and in turn changes in
lifestyle, consumption of convenience foods, and economic prosperity
may contribute to Asia Pacific turning out to be the fastest growing
region in the market.
The global market for bariatric surgical devices is predicted to rise
on account of a number of factors, providing ample market
opportunities. The rising prevalence of obesity among people in
developed and even developing nations is a primary factor providing
growth opportunities to the bariatric surgeries market. Prevalence of
obesity and rising health concerns along with increasing spending
abilities are leading to higher demand of bariatric procedures.
Moreover, there is and increasing demand of the procedures to be
less-invasive. There has been a steady rise in qualified surgeons
over the years, leading to competitive availability. The growing
awareness among people about the health risks of obesity, and
governmental initiatives to provide coverage for these surgeries is
also a huge contributing factor.
Bariatric surgeries are slated to be on the costlier side. Lack of
proper awareness among the masses, and still lower amount of people
having disposable incomes could be the considerable challenges faced
by the market. However, with the industry players contributing to
study of co-morbidity surgeries, and rising innovations in the
medical field are expected to overcome the mentioned restraints to
market growth. June 2015 witnessed an investment of US$3.2 mn toward
a study changes in bile acid induced by endobarriers, by GI Dynamics
Inc and GSK. Initiatives by market players is expected to go a long
way in market opportunities and growth.
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