According to the estimations put forth by Inkwood Research, the Global Bariatric Surgery Market is projected to evolve at a CAGR of 9.56% during the forecasting years of 2019-2028.
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Surgery Market Forecast 2019-2028.’’
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Bariatric surgery is a major treatment procedure for treating obesity.
It is usually the last option for patients who failed to lose weight by several
other methods. The size of the stomach is reduced by either removing some parts
of the stomach or by using a gastric band in bariatric surgery. Obesity is
undoubtedly one of the most common causes of diabetes. Thus, bariatric surgery is the most effective method of
treatment.
Surging Burden of Obesity Boosts
Market Growth
Obesity has increased considerably all over
the world, especially in the last few decades. Lifestyle disorders have a
great influence on the body. According to WHO, obesity is the most common
nutritional disorder in the world, which affects both adults and children. The
rate of obesity has tripled globally since 1975. In 2018, 40 million children
under the age of 5 years were overweight or obese. The WHO stated that obesity and overweight kill more people in
the world than being underweight. The incidence of obesity increased from 37.7%
to 42.4%, and the occurrence of severe
obesity increased from 7.7% to 9.2% from 2013 to 2018. Obesity has been linked
with dreadful diseases and disorders, like cardiovascular diseases,
musculoskeletal disorders, and cancer.
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Assisting Device – The Dominating and
Leading Device Segment
The assisting device consists of closure devices,
trocars, suturing devices, stapling devices, and
other assisting devices, which help in performing geriatric surgeries. For
example, suturing devices are used to hold the body tissues together after
surgery or an injury. Closure devices are used for reconnecting the tissues during
surgical procedures. These devices are not only used before the bariatric
procedures but also after the surgery.
Asia Pacific Predicted to record the Fastest CAGR
The bariatric surgery market of the Asia
Pacific region is set to record the highest CAGR during the forecast period,
owing to the growing burden of obesity,
rising prevalence of diabetes, and increasing government initiatives in the
region.
The market constitutes of established
players, and so the competitive rivalry among the manufacturers in the market
is moderate to high. The companies are emphasizing research and development, and
innovations to maximize their market share. Some of the eminent players trying
to consolidate their global position include Abbott Laboratories, B. Braun
Melsungen AG, Allergan Inc, Lupin Ltd, Johnson and Johnson (Ethicon Inc), among
others.
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research are customized across industry verticals such as technology,
automotive, chemicals, materials, healthcare, and energy, with an objective
comprehension that acknowledges the business environments. Our geographical
analysis comprises of North & South America, CEE, CIS, Middle East, Europe,
Asia, and Africa.
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