Obesity Surgery Devices Market - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019
Obesity
can be defined as a medical condition where excess fat deposition leads to
adverse health conditions. Obesity increases the chances of diseases related
with heart, certain type of cancer, diabetes and osteoarthritis. Obesity has
become one of the serious leading healthcare problems across the globe. It is
mainly caused by increased fatty intake, reduced physical exercises and
sometimes genetic inheritance. Physical exercise and diet management are the
main components for the treatment of obesity whereas anti-obesity drugs are
also available for fat reduction. However, sometimes diet control, exercise and
medication are not effective in weight reduction in such scenarios obese people
opt for surgical procedures for weight management. Obesity surgery treats
obesity by removal of a portion of the stomach or reduction in size of stomach
through application of gastric bands or sleeve gastrectomy.
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The
market for obesity surgical devices is driven by changing lifestyles, hectic work
schedules, less physical exercise and increasing uptake of fast food. As
estimated approximately 200 million adults are categorized as obese or
overweight and is resulting in 112,000 deaths annually. This presents an
enormous need for less invasive weight loss treatments. The obesity surgical
devices market is segmented on the basis of various surgery devices and type of
surgical procedures. Surgical devices segment comprises adjustable gastric
band, intragastric balloon, clip applier, surgical staples, trocars and others.
Surgical procedures section comprises restrictive procedures, malabsorptive
procedures and mixed procedures.
Geographically,
North America dominates the markets followed by Europe and Asia. This
dominance in North American region is being witnessed owing to rise in number
of obese patients and mounting public awareness. However, high procedural
costs are expected to restraint the market growth. On the contrary, growing
demand for less invasive procedures and obesity treatment has significantly
boosted the market growth. Similarly, increase in disposable income in
developing nations is also a major contributing factor towards market
growth.
Some
of the major players engaged in obesity surgical devices market include
Allergan, Inc., Covidien PLC, EnteroMedics, Inc., Cousin Biotech, Surgical IOC,
PARE Surgical and other key players.
This
research report analyzes this market depending on its market segments, major
geographies, and current market trends.
Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This
report is a complete study of current trends in the market, industry growth
drivers, and restraints. It provides market projections for the coming years.
It includes analysis of recent developments in technology, Porter’s five force
model analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing market
players and new entrants along with detailed value chain analysis.
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- It helps in understanding the key product segments and their future
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