Bariatric surgery can be described as a set of procedures performed on patients who are suffering from severe obesity. These FDA approved weight loss procedures are achieved through the reduction of gut or cutting off a part of the stomach. Other weight loss surgery options include altering the direction of the small intestine. Various research studies have proved that obesity surgery results in long-term weight reduction and reduces the risk of contracting a cardiovascular disease. Weight loss procedures are undertaken by people who have a Body Mass Index (BMI) of 40. The latest guidelines indicate an individual with a BMI in excess of 30 can undergo surgical weight loss. Hence, the Bariatric Devices Market is in an excellent position to undergo significant growth during the forecast period of 2016-2022.
Scope & Regional Forecast of the Bariatric Devices Market
The Bariatric Devices Market has been aided by the fact that obesity is such a visual and prevalent problem. Now more than ever, the general public is aware about stomach reduction surgery procedures. With a reduction in bariatric surgery cost, a significant amount of demand has been registered for less or non-invasive weight loss procedures. Government initiatives are also making more people aware about the need to maintain a healthy diet and the respective corrective measures if in trouble.
After a few years of observation, the Bariatric Devices Market has come to the conclusion that 95% of all bariatric surgeries are invasive. The demand for invasive procedures is set to exhibit a CAGR of 17% till 2022. Despite having several advantages, non-invasive procedure demand is expected to take a little time to develop. Once technology improves, its benefits are expected to be too good to pass on.
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Segmentations & Key Players Involved in the Bariatric Devices Market
The Bariatric Devices Market can be broken down into various segmentations on the basis of –
Type: Invasive and Less/Non-Invasive.
Procedure: Restriction Surgery, Combined Surgery and Malabsorptive Procedures.
Cause: Calorie Intake, Hereditary, Disease or Disorders and Others.
Device: Gastric Banding, Gastric Bypass, Sleeve Gastrectomy and Laparoscopic Graspers.
Geographical Location: North America, Europe, Asia-Pacific and Rest of the World.
Some of the key players involved in the Bariatric Devices Market are as follows:
Gi Dynamics, Inc.
Johnson & Johnson
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