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Weight Loss Surgery Market Size – US $ 2.41 billion in 2020, Market Growth Rate – CAGR 9.0%
Vancouver, Canada, April 6, 2022 /EINPresswire.com/-Increased demand for weight loss surgery market products is expected to drive demand in the weight loss surgery market, thereby boosting industry growth. In addition, the report will also study the impact of the COVID-19 pandemic on the market. The report also describes changes in demand and new trends that are expected to drive market growth.
According to the latest analysis by Emergen Research, the global weight loss surgery market is expected to reach US $ 4.81 billion in 2028 with a stable CAGR of 9.0%. Increasing numbers of patients requiring surgery and increasing demand for minimally invasive surgery are several key factors driving revenue growth in the global bariatric surgery market. Increasing prevalence of type 2 diabetes and heart disease is also driving market revenue growth.
Rapid urbanization, lack of physical activity, and a poor or unhealthy diet contribute to the increase in obesity. However, the high cost of these surgeries and procedures is an important factor that negatively impacts market revenue growth.
The main participants are Medtronic PLC, Allergan Inc., B. Includes Braun Melsungen AG, Johnson and Johnson, Olympus, Apollo Endosurgery, Inc., Conmed Corporation, Intuitive Surgical, Inc., Mediflex Surgical Procedures, and GIDynamics Inc.
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Advances in technology have led to the development of more innovative surgical devices with improved treatment outcomes. In addition, the rapid integration of surgical robots and obesity equipment is supporting market growth, and this trend is expected to continue. The increasing need for weight loss surgery is increasing the demand for skilled professionals. The availability of specialist surgeons for weight loss surgery has a positive impact on the market. The government’s lucrative initiative on research programs to treat obesity and provide insurance for treatment opens up significant growth opportunities for the market.
Gastric bypass surgery helps to lose weight by changing the way the stomach and small intestine process food. After surgery, the stomach will become smaller and the patient will feel full with less food consumption. This procedure is performed for patients who are severely obese and have failed to achieve the desired weight loss with diet.
Minimally invasive surgery allows the completion of weight loss surgery without the need for a wide open incision. There are various types of minimally invasive surgery, including single-site weight loss surgery, laparoscopic weight loss surgery, robotic weight loss surgery, and endoscopic technology.
Market drivers:
The constant efforts of prominent players to develop new and up-to-date technology and product advances are expected to drive the growth of the industry in the coming years. The report studies R & D activities and a wide range of business expansion plans and advances in the product portfolio. The report provides a clear understanding of market partnerships such as mergers and acquisitions, joint ventures, collaborations, partnerships, contracts, product launches and brand promotions, and corporate transactions.
Browse all report descriptions and indexes @ https://www.emergenresearch.com/industry-report/bariatric-surgery-market
Emergen Research has segmented the global weight loss surgery market as follows:
Emergen Research has segmented the global weight loss surgery market based on devices, surgery, procedures, end-uses, and regions.
Device outlook (Revenue, US $ 1 billion, 2018-2028)
Embedded device
Electrical stimulator
Stomach band
Stomach content drainage system
Gastric balloon system
Auxiliary device
Closing device
Suture device
Trocar
Stapler device
others
Surgical Outlook (Revenue, US $ 1 Billion, 2018-2028)
Invasive surgery
Non-invasive surgery
Prospects for Procedures (Revenue, US $ 1 Billion, 2018-2028)
Gastric sleeve surgery
Adjustable stomach band
Gastric bypass
Bile and pancreatic duct conversion by duodenal switch
End-use outlook (Revenue, US $ 1 billion, 2018-2028)
hospital
Weight Loss Surgery Clinic
Outpatient Surgery Center
Regional branches of the weight loss surgery market include:
North America (USA, Canada)
Europe (UK, Italy, Germany, France, other EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Other APAC)
Latin America (Chile, Brazil, Argentina, and other Latin America)
Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, other MEAs)
The Weight Loss Surgery Market Report is useful when:
Understand the structure of the weight loss surgery market by identifying its various subsegments.
Share detailed information on the key factors that influence the growth of the weight loss surgery market: growth potential, opportunities, drivers, industry-specific challenges and risks.
Focus on the major global bariatric surgery markets to define, explain and analyze sales volume, value, market share, market competitiveness, and recent developments.
Forecast the value and volume of Organs on Chipsa Market for key regions.
Analyze competitive developments such as market expansions, agreements, new product launches and acquisitions.
Investigate and analyze the global weight loss surgery market (value and quantity) by company, key region, product, end user, breakdown data for the last five years, and forecasts up to 2028.
Important questions answered in this survey:
Which are the top 5 players in the weight loss surgery market?
How will the weight loss surgery market change over the next five years?
Which products and applications will dominate the weight loss surgery market?
What are the driving forces and restraints of the weight loss surgery market?
Which regional market will show the highest growth?
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