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WELLESLEY, MA --(Marketwired - February 11, 2016) - Although gastric bypass procedures are decreasing in the U.S. and Asia, this procedure type still remains the gold standard weight loss procedure among all bariatric procedures. BCC Research reveals in its new report that adoption of minimally invasive (MIS) laparoscopic procedures is growing as a bariatric surgery procedure.
Bariatric surgery (weight loss surgery) is a combined term used for a variety of weight-loss surgical procedures that deal with surgical treatment of people who are morbidly/severely obese and prescribed to lose weight to treat, as well as prevent, obesity-related comorbidities. The three most commonly performed procedures are gastric bypass, sleeve gastrectomy and gastric banding.
The global market for bariatric surgery devices is expected to reach $1.4 billion and $2.2 billion in 2015 and 2020, respectively, reflecting a five-year compound annual growth rate (CAGR) of 9.8%. (These figures include implanted gastric devices, gastric bypass devices and gastric removal devices used in bariatric surgery.) Gastric bypass devices (endocutter, stapling devices, curved shears, and other instruments), which is the largest product segment of the market, accounted for about a 43.4% share in 2014. Gastric removal devices are the fastest-growing device segment due to increasing acceptance of sleeve gastrectomy (SG) procedures.
The global epidemic of obesity and type-2 diabetes has accelerated the growth of the bariatric surgery devices market. The incidence of bariatric surgeries continues to rise, increasing the global market for bariatric surgical devices, along with increased reimbursement for key bariatric procedures such as SG and gastric bypass. However, the gastric banding procedure is declining from waning interest in restrictive devices involving gastric bands and intragastric balloons. But gastric removal devices are boosting the overall bariatric surgery devices market.
Patients and surgeons are more inclined toward less invasive/noninvasive procedures. New technologies also are reducing the invasiveness of existing procedures and are expanding the patient population, for whom surgery is a realistic option, on cost and/or medical grounds. As a result, the trend from open procedures to minimally invasive (MIS) laparoscopic procedures is leading market growth.
"MIS procedures are widely accepted and in use for bariatric procedures. However, improved techniques, or the development of new surgical technologies, can alter the cost-difficulty equation for a typical procedure over time, so it is used more widely," says BCC Research analyst Ritu Thakur. "Endoscopic bariatric surgeries can potentially fulfill the need for a minimally invasive option in one or more different capacities. For example, they may be used as an early intervention to offer weight loss or weight stabilization for those patients who do not yet qualify for traditional bariatric surgery."
Bariatric Surgery: Global Markets for Services and Devices (HLC153B) examines types of obesity, etiology and pathophysiology, risk factors, economic burden, epidemiology, and obesity treatment and management. Analyses of global market drivers and trends, with data from 2014, estimates for 2015, and projections of CAGRs through 2020 are provided.
About BCC Research
BCC Research publishes market research reports that make organizations worldwide more profitable with intelligence that drives smart business decisions. These reports cover today's major industrial and technology sectors, including emerging markets. For more than 40 years we've helped customers identify new market opportunities with accurate and reliable data and insight, including market sizing, forecasting, industry overviews, and identification of significant trends and key market participants. We partner with analysts who are experts in specific areas of industry and technology, providing unbiased measurements and assessments of global markets. Recently selected as the world's greatest market research company, BCC Research is a unit of Eli Global, LLC. Visit our website at www.bccresearch.com. Contact us: (+1) 781-489-7301 (U.S. Eastern Time), or email firstname.lastname@example.org.
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