Surging Obesity Rates Drives Demand for Bariatric (Obesity) Surgical Devices, According to New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Bariatric (Obesity) Surgical Devices markets. Global market for Bariatric (Obesity) Surgical Devices is projected to reach US$2 billion by 2020, driven by high prevalence of obesity among adults and children, cutting edge developments in surgical techniques, improved success rate of surgeries and better reimbursement coverage.

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Bariatric (Obesity) Surgical Devices: A Global Strategic Business Report

San Jose, California (PRWEB) July 23, 2014

Follow us on LinkedIn – A global health crisis, obesity is reaching pandemic proportions in both developed and developing countries alike. Rising income levels, increasing affluence, changing lifestyles and dietary habits, growing preference for processed food, and sedentary lifestyles present key factors fuelling the increase in obesity. Though not regarded a disease by itself, obesity is known to increase the risk of chronic health conditions such as diabetes, hypertension, cardiovascular risks as well as cancer. The condition is also known to significantly enhance the risk of developing type 2 diabetes, cancer, obstructive sleep apnea, heart disease, and chronic musculoskeletal problems, among others. Surgical intervention as a means to treat obesity is gaining in popularity, particularly for morbidly obese patients. Government focus on reducing costs associated with obesity-related healthcare is also benefiting the acceptance bariatric surgeries. Increasing availability of clinical data supporting the safety of bariatric surgical procedures and their long-term efficacy in reducing weight and minimizing risk of co-morbidities, is helping drive patient acceptance of bariatric surgical treatment.

As stated by the new market research report on Bariatric (Obesity) Surgical Devices, the United States represents the largest regional market worldwide supported by a large base of obese population and easy availability and access to advanced healthcare services. Developing economies present strong opportunities for future growth led by growing number of overweight people, increasing prevalence of diabetes, improving healthcare infrastructure, and increased per capita healthcare spends. Led by China and India, Asia-Pacific is forecast to record the fastest CAGR of 12.5% over the analysis period.

Bariatric surgical procedures involve use of an implantable gastric band or an intragastric balloon to reduce the size of the stomach to limit food intake. Gastric bypass, also known as stomach stapling, is the most common procedure for obesity treatment. Gastric bands offer the flexibility of future adjustments to control the amount of food being consumed. Rising popularity of new alternate surgical procedures and lack of evidence supporting the long-term effectiveness of the treatment are however challenging growth of gastric banding procedures. Laparoscopic sleeve gastrectomy and gastric bypass are rapidly growing at the expense of banding procedures.

Major players covered in the report include Apollo Endosurgery Inc., Agency for Medical Innovations GmbH, Bariatric Solutions, Cousin Biotech, Covidien plc, Ethicon Endo-Surgery Inc., Helioscopie SA, Médical Innovation Développement, and Silimed Ltda.

The research report titled “Bariatric (Obesity) Surgical Devices: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, and strategic industry activities of major companies worldwide. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Europe (France, Germany, Italy, UK, Spain, and Rest of Europe), Asia-Pacific, Latin America, and Rest of World. The US market for Bariatric (Obesity) Surgical Devices is analyzed by the segments - Gastric Bypass, Gastric Banding, and Sleeve Gastrectomy. European market for Bariatric (Obesity Surgical Devices) is analyzed by the segments, Adjustable Gastric Banding, Gastric Bypass Devices, and Intragastric Balloon Devices.

For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Bariatric_Obesity_Surgical_Devices_Market_Report.asp.

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
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Email: press(at)StrategyR(dot)com
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  • Raghu Gopal
    Global Industry Analysts Inc
    +1 408-528-9966
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