The increasing potential obese population and preference of people for surgical procedures over non-surgical procedures gives the market a prospective outlook. The prevalence of obesity among children is growing rapidly.
The Roux-en-Y Gastric Bypass (RYGB) and Sleeve Gastrectomy are the most preferred procedures. Surgical laparoscopy changed the scope of bariatric surgery and made the gastric band surgery an even more appealing option for the surgical management of obesity. In the current scenario, it is observed that obesity is more common among individuals in low socioeconomic groups when compared to other groups. The increasing number of trained surgeons also helps the growth of the market.
Key Market Trends
Stapling Devices capture the largest market share in the overall market
Stomach stapling is a technique used to either section off or seal the part of the stomach that remains after the other portion is removed. Procedures that utilize stapling include Roux-en-Y-Gastric Bypass, Duodenal Switch, and Gastric Sleeve surgery. Stomach stapling should be considered permanent as compared to other methods like lap-banding and gastric ballooning. It tends to result in greater and more consistent weight loss among patients, along with a greater reduction in obesity-related health problems. The procedures like Vertical Sleeve Gastrectomy (VSG) and Vertical Banded Gastroplasty (VBG) are mostly laparoscopic procedures and are most preferred. Thus, the market for staples is expected to show a comparatively high growth as compared to other devices used in bariatric surgeries.
Competitive Landscape
The presence of major market players, such as GI Dynamics, Johnson & Johnson, Medtronic, and EndoGastric Solutions intensifies the competition. The rising competitive rivalry among the market players can be attributed to rising innovations and increasing R&D investments by major players.
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The Roux-en-Y Gastric Bypass (RYGB) and Sleeve Gastrectomy are the most preferred procedures. Surgical laparoscopy changed the scope of bariatric surgery and made the gastric band surgery an even more appealing option for the surgical management of obesity. In the current scenario, it is observed that obesity is more common among individuals in low socioeconomic groups when compared to other groups. The increasing number of trained surgeons also helps the growth of the market.
Key Market Trends
Stapling Devices capture the largest market share in the overall market
Stomach stapling is a technique used to either section off or seal the part of the stomach that remains after the other portion is removed. Procedures that utilize stapling include Roux-en-Y-Gastric Bypass, Duodenal Switch, and Gastric Sleeve surgery. Stomach stapling should be considered permanent as compared to other methods like lap-banding and gastric ballooning. It tends to result in greater and more consistent weight loss among patients, along with a greater reduction in obesity-related health problems. The procedures like Vertical Sleeve Gastrectomy (VSG) and Vertical Banded Gastroplasty (VBG) are mostly laparoscopic procedures and are most preferred. Thus, the market for staples is expected to show a comparatively high growth as compared to other devices used in bariatric surgeries.
Competitive Landscape
The presence of major market players, such as GI Dynamics, Johnson & Johnson, Medtronic, and EndoGastric Solutions intensifies the competition. The rising competitive rivalry among the market players can be attributed to rising innovations and increasing R&D investments by major players.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
This product will be delivered within 2 business days.
Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Medtronic PLC
- EndoGastric Solutions Inc.
- GI Dynamics
- Intuitive Surgical
- Johnson & Johnson
- Reshape Lifesciences Inc.
- Spatz FGIA
- TransEnterix
- USGI Medical
Methodology
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