DUBLIN--(BUSINESS WIRE)--The "Bariatric Surgery Devices Market by Type (Minimally Invasive (Stapling, Suturing), Non-Invasive), Procedure (Sleeve Gastrectomy, Gastric Bypass, Revision Surgery, Adjustable Gastric Banding, Mini Gastric Bypass) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global bariatric surgery devices market is projected to reach USD 2.16 billion by 2023 from an estimated value of USD 1.64 billion in 2018, at a CAGR of 5.7%.
The key factors driving the growth of this market are affordable care and shorter waiting periods offered by bariatric surgery devices, growing investments in urgent care, increasing geriatric population, and strategic developments between urgent care providers and hospitals. On the other hand, the lack of a skilled workforce could be a challenging factor for this market.
Based on procedure, the bariatric surgery devices market is segmented into sleeve gastrectomy, gastric bypass, revision bariatric surgery, non-invasive bariatric surgery, adjustable gastric banding, mini-gastric bypass, and biliopancreatic diversion with duodenal switch. The sleeve gastrectomy segment is expected to grow at the highest CAGR during the forecast period. The high growth of this segment can be attributed to the advantages of sleeve gastrectomy - safety, effectiveness, and affordability and limited complications as compared to other bariatric procedures.
Asia Pacific is expected to grow at the highest CAGR during the forecast period of 2018-2023. Factors such as the growing adolescent and adult population, increasing number of bariatric surgeries, rapidly rising co-morbidities such as diabetes, and government initiatives to curb obesity are expected to drive market growth during the forecast period.
- Intuitive Surgical
- Apollo Endosurgery
- Reshape Lifesciences
- Olympus Corporation of the Americas
- Aspire Bariatrics
- Spatz Fgia
- Mediflex Surgical Products
- Cousin Biotech
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Bariatric Surgery Devices Market, By Type
7 Bariatric Surgery Devices Market, By Procedure
8 Bariatric Surgery Devices Market, By Region
9 Competitive Landscape
10 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/lz8tzj/global_bariatric?w=4