Obesity is a medical condition
wherein there is an excess accumulation of body fat. According to the World
Health Organization (WHO), a person having body mass index (BMI) of 30 or more
is generally considered as obese. It has been characterized as an epidemic. Obesity
in children and adults is associated with serious health risks that include
hypertension, dyslipidemia, diabetes, fatty liver disease, obstructive sleep
apnea, and psychosocial complications. Bariatric surgery is the treatment
procedure used to treat obesity.
Increase
in the incidence of obesity among the population worldwide, has led to an
increase in the demand for bariatric devices for the treatment of obesity and
effective weight loss.
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Segmentation of the Market:
Based
on various factors, the Bariatric Devices Market is broadly segmented into:
- Type: Invasive and Non-Invasive.
- Classification: by Procedure and Cause.
- Device: Gastric Banding, Gastric Bypass, Sleeve Gastrectomy and Laparoscopic Graspers.
- And Geography: North America, Europe, APAC and RoW.
Logical estimates:
The Bariatric
Surgery Devices Market is
all se to grow at a CAGR of 8.21 percent over the period 2013-2018. Around
95% of the bariatric surgeries use invasive device while remaining 5% use
non-invasive devices. The procedures or treatments which make use of bariatric
devices are classified into 3 types, i.e., restriction surgery, combined
surgery and malabsorptive procedures. Each of these has been analyzed in
a detailed manner by geography (North America, Europe, Asia-Pacific, and Rest
of the World) to provide in-depth information about the global scenario.
At
present, Invasive surgery is opted by many as it helps reduce the postoperative
pain, blood loss and also decreases scarring pain. Non-invasive surgery causes
less damage to the skin and is performed at minute risks. Currently the demand
for non-invasive surgery is low but expected to grow significantly in the near
future. Non-invasive market is expected to grow at a CAGR of 17% for the next
five years.
Table of contents and insights:
Consider
a living example to understand the scope of this market:
It
is expected that the US market for surgical obesity devices will surpass US$300
million by 2016.
The
report, “Analysis of the U.S. Obesity Surgery Devices Market”, states that the
total revenue generated by sales of obesity surgery devices in the US in 2011
was approximately US$156.2 million, representing a 2.5% increase over 2010.
The
report clams that the market will see dramatic growth and that revenue in the
US obesity surgery devices market will grow at a compound annual growth rate of
15.7% from 2011 to 2016, reaching US$301.7 million in 2016.
Key Players:
- Allergan, Inc.
- Aspire Bariatrics
- C.R. Bard
- Cousin Biotech
- Covidien Plc
- Endogastric Solutions, Inc.
- Enteromedics, Inc.
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