Bariatric Surgery Market to grow at a CAGR of 8.4% over the period 2015 to 2021
Knowledge Sourcing Intelligence announces the publication of a new report on “Bariatric Surgery Market - Forecasts from 2016 to 2021 " to their offering. The report has segmented the Bariatric Surgery market by surgery type (minimally invasive and non- invasive), by technique of surgery (gastric bypass, sleeve gastrectomy, adjustable gastric band and biliopancreatic diversion, by type of device (bands, balloons and others), and by geography and estimates that the global market for bariatric surgery will grow from US$1.721 billion in 2015 to US$2.792 billion by 2021, at a CAGR of 8.4% over the forecast period.
Bariatric Surgery is a weight loss procedure undertaken by reducing the size of the stomach with the help of gastric bands, by removing a part of the stomach or by rerouting the small intestine to a stomach pouch. The surgery is mostly undertaken by people who are suffering from morbid obesity to eliminate or reduce the risks of conditions like osteoarthritis, heart disease, blood lipid abnormalities, stroke, type 2 diabetes, sleep apnoea reproductive problems and so on. The number of bariatric surgeries being performed world over has witnessed an incline over the years, given the rising complication associated with changing lifestyles and food habits.
Minimally Invasive surgery has gained a large market share since the spread of laparoscopic techniques. This type of surgery has also reported higher success rate, making it the most preferred option. By technique of surgery, gastric bypass dominates the market as it is associated greater efficacy in controlling type 2 diabetes, high blood pressure and high cholesterol.
Asia Pacific is anticipated to witness the highest growth in bariatric surgery market with a CAGR of 13.04% during the forecast period. This growth is attributed to growing awareness regarding the surgery, enhanced technology spill over from mature markets and rising healthcare expenditures.
The key players of global bariatric surgery market covered in this report include Allergan, Covidien Ltd, Ethicon Inc., Medtronic Plc., EnteroMedics, Inc., Intuitive Surgical Inc, GI Dynamics Inc. and Olympus.
This report contains the market analysis on the current trends in the Bariatric Surgery Market and the opportunities for the vendors over the next six years. It provides deep insights into the drivers and restraints of the industry. Bariatric Surgery Market report also consists of in-depth regional analysis. A lot of statistically relevant tools and detailed industry analysis models such as scenario analysis have been used to forecast the market trends and forecasts up to the year 2021.
The report also talks about the strategies adopted by the industry leaders to gain advantage over competitors and the recent deals that they have gone into to position themselves better in this market.
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Knowledge Sourcing Intelligence is a market research and consulting firm based out of India. Driven by industry experts, the company provides syndicated reports, custom research, and consulting services. Our proprietary data analytics model blended with quality primary and secondary research data assists in generating quality reports providing crucial insights to managers and decision makers. The services offered by us help companies to gain required competitive edge. Our expertise across 10 industries such as ICT, Chemicals, Semiconductors, Healthcare among others caters to diverse client needs.
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