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 USD 1.64 Billion in 2018, at a CAGR of 5.7% during the forecast period.
The growth of this market is driven by factors such as the growing obese population, increasing number of bariatric surgeries, and increasing preference for minimally invasive procedures.
The report describes and studies the global bariatric surgery devices market by type, procedure, and region. It provides detailed information regarding the major factors influencing the growth of this market and the regulatory analysis impacting market dynamics.
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 this period.
However, product recalls of various bariatric devices could restrain the market in the forecast period. Post-operative complications of bariatric surgeries could be a challenging factor for this market. On the other hand, the emerging markets such as China and India to offer significant growth opportunities for this market in the near future.
Ethicon (US), Medtronic (Ireland), Intuitive Surgical (US), Apollo Endosurgery (US), and ReShape Lifesciences (US) are the key players in the bariatric surgery devices market.
Other players included in this market are Aspire Bariatrics (US), Mediflex Surgical Products (US), Spatz FGIA (US), Cousin Biotech (France), and Olympus Corporation of the Americas (US).
Market Dynamics
Drivers
- Growing Obese Population
- Increasing Number of Bariatric Surgeries
- Increasing Preference for Minimally Invasive Procedures
Restraints
- Product Recalls
Opportunities
- Emerging Markets to Offer High-Growth Opportunities
Challenges
- Post-Operative Complications of Bariatric Surgery
For more information about this report visit https://www.researchandmarkets.com/research/gljq7m/2_16_bn?w=4
