Bariatric Surgery Market Analysis
Global bariatric surgery market trends is predicted to grow at a 6.5% CAGR over the forecast period (2017-2023) state the new Market Research Future (MRFR) report. Bariatric surgery, simply put, is a surgery which helps an individual to lose weight through changes in their digestive system. There are some surgeries that make the stomach smaller thereby allowing a person to drink and eat less at one time which makes them feel full sooner while there are others that will change their small intestine, a part of the body which absorbs nutrients and calories from beverages and foods.
This surgery is an option for people with severe obesity and was unsuccessful in losing weight or gaining back the weight they lost through medications or lifestyle treatment. Bariatric surgery can also help during serious health issues such as sleep apnea or type 2 diabetes related to obesity.
Various factors are propelling the bariatric surgery market growth. These factors, as per the new MRFR report, include increasing incidence of obesity worldwide due to excessive calorie intake and changing lifestyle habits, demand for minimally invasive techniques, favorable government initiatives, and growing awareness about unhealthy drinks and food and their effect on BMI.
On the flip side, the high price of surgery may deter the bariatric surgery market growth over the forecast period.
Bariatric Surgery Market Segmentation
The MRFR report provides a complete segmental analysis of the bariatric surgery market report on the basis of type, device, and end user.
Based on device, the bariatric surgery market is segmented into electrical stimulation systems, gastric emptying systems, gastric balloons, gastric bands, surgical stapler, and others.
Based on type, the bariatric surgery market is segmented into biliopancreatic diversion with duodenal switch, adjustable gastric band, sleeve gastrectomy, gastric bypass, and others. Of these, the gastric bypass segment will have the largest share in the market over the forecast period due to growing preference for gastric bypass diet and gastric bypass surgeries worldwide.
Based on end user, the bariatric surgery market is segmented into surgical centers, hospital and clinics, and others.
Bariatric Surgery Market Regional Analysis
By region, the bariatric surgery market report covers the latest trends and growth opportunities across the Americas, Europe, the Asia Pacific, and The Middle East and Africa. Of these, the Americas will lead the market over the forecast period. Factors aiding growth in the region include rapidly growing healthcare sector, the presence of several key market players, and extensive usage of surgical devices for bariatric surgery. The US is the key contributor in this region owing to the growing awareness about physical fitness and obesity and overall demand for innovative and latest healthcare solutions.
The bariatric surgery market in Europe is predicted to have a healthy growth over the forecast period. Factors aiding growth in the region include increasing diabetic population, growing investment in the medical device sector, and the expanding healthcare industry. France, Germany, and Europe are the key contributors in this region.
The bariatric surgery market in the APAC region is predicted to grow at the fastest pace over the forecast period. Factors aiding growth in the region include the emergence of new market players, huge patient population, increasing per capita income, and rise in the healthcare share in the GDP. China is the key contributor here owing to the rising geriatric population having various health conditions such as cardiovascular diseases, obesity, and diabetes.
The bariatric surgery market in the MEA is predicted to have a favorable growth over the forecast period. Factors aiding growth in the region include a growing number of surgical centers and the growing prevalence of chronic diseases.
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Bariatric Surgery Market Key Players
Leading players profiled in the bariatric surgery market report include Mediflex Surgical Products, Aspire Bariatrics, Intuitive Surgical, Medtronic, ReShape Lifesciences, Inc., EndoGastric Solutions, Inc., Cousin Biotech, TransEnterix Surgical, Inc., ALLERGAN, Olympus Corporation, Johnson & Johnson Services Inc., and Apollo Endosurgery Inc., among others.
September 2019: Ethicon has launched a new powdered circular stapler, ECHELON CIRCULAR which uses 3D stapling technologies and innovative gripping surface.
Bariatric Surgery Market OverviewGlobal bariatric surgery market size is expected to exhibit a robust 6.5% CAGR over the forecast period, according to a new research report from Market Research Future (MRFR).
The global bariatric surgery market is driven mainly by the growing demand for bariatric surgeries from the urban population in developed economies.
The growing prevalence of obesity in urban centers in the West is likely to drive the global bariatric surgery market over the forecast period.Bariatric surgery is performed to pinch off the patient’s stomach so that their food intake is reduced without compensating on their hunger.
Thus, cases of intense obesity with a chance of turning into morbid obesity are mostly the ideal application for bariatric surgeries.The growing prevalence of obesity around the world is likely to be the major driver for the global bariatric surgery market over the forecast period.
The global prevalence of obesity has been driven in the last few decades by the growing popularity of junk food and the growing prevalence of a sedentary lifestyle that doesn’t provide for exercise and active recreation.
Bariatric surgery is one of the most direct ways of combating obesity, as the capacity for food intake is itself reduced, leading to smooth weight loss after the surgery.Advances in bariatric surgery are also likely to drive the demand for bariatric surgery over the forecast period.
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The whole globe has experienced the adverse effect of coronavirus and every industry has faced setbacks especially the real estate industry.
Market growth is driven mainly by factors such as the increased funds & grants by government bodies worldwide for the development of novel biomaterials, rising demand for medical implants, and the rising incidence of cardiovascular diseases, increasing research on regenerative medicine.
In addition, high growth is expected for plastic surgery and wound healing applications, which will further drive the growth of the biomaterials market in the coming years.
[298 Pages Report] The global biomaterials market size is projected to reach USD 47.5 billion by 2025 from USD 35.5 billion in 2020, at a CAGR of 6.0% during the forecast period.This study involved four major activities in estimating the current size of the biomaterials market.
Exhaustive secondary research was carried out to collect information on the market, its peer markets, and its parent market.
The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research.Market DynamicsIncreased funds and grants by government bodies and universities for the development of novel biomaterials Increasing demand for implantable devices Growing demand for biomaterials in plastic surgery and wound healing applicationsRising incidence of cardiovascular diseasesIncreasing research on regenerative medicineCOVID-19 impact on the biomaterials marketCOVID-19 is an infectious disease caused by the most recently discovered novel coronavirus.
With the World Health Organization (WHO) officially declaring the outbreak of COVID-19 a pandemic, a mix of established pharmaceutical and biopharmaceutical companies, as well as small startups, have stepped forward to develop treatments and vaccines that target the infection caused by the novel coronavirus.The coronavirus outbreak disrupted business and economic activities globally in the first quarter of 2020.
The report "Covid-19 Impact On Cybersecurity Market by Technology (Network Security, Application Security, Endpoint Security, Cloud Security, Database Security, Web Security, ICS Security), Vertical, Region - Global Forecast to 2021", size is expected to grow from USD 183.2 billion in 2019 to USD 230.0 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 12.0% during the forecast period.
The market growth can be attributed to increasing focus on cybersecurity-driven business continuity plans to provide optimized security to customer data and operations that are being handled by the companies.
Increasing focus on cybersecurity as a critical business imperative and not just as a support function is expected to further drive the market with a higher wallet share for security policies and infrastructure.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=128702677Manufacturing vertical to see less growth during the forecast period in the cybersecurity marketAs the COVID-19 crisis continues to expand, manufacturers would likely face challenges on numerous fronts.
Manufacturing companies would be looking for immediate measures to keep their workforces safe and their businesses solvent.
As the COVID-19 pandemic intensifies, manufacturers would likely face continued downward pressure on demand, production, and revenues.
They would also face cash-flow liquidity challenges and difficulties in managing debt obligations.China is the manufacturing hub for almost all raw material requirements across the globe; the COVID-19 pandemic has affected the global economy and disrupted supply chains.
