United Kingdom Bariatric Surgical Devices Market, By Type (Implantable Devices v/s Assisting Devices), By Procedure, By End User, By Region, Competition Forecast & Opportunities, 2017-2027

Report
72 Pages
July 2022
Region: United Kingdom
TechSci Research
ID: 5624461

The market growth can be attributed to the rising incidences of obesity and rise in surgical treatments for cosmetic purposes

The United Kingdom bariatric surgical devices market is projected to grow at a formidable CAGR throughout the forecast period. The market growth can be attributed to the rising incidences of obesity and rise in surgical treatments for cosmetic purposes. Excessive consumption of junk foods, excessive alcohol consumption, smoking, sitting for prolonged hours, and less physical activity are contributing to the rising instances of stomach diseases, creating a high demand for bariatric surgical treatment and related devices. The availability of surgeons specializing in bariatric surgical techniques and the growing rate of childhood obesity is anticipated to fuel the growth of the United Kingdom bariatric surgical devices market. The growing focus of manufacturers on developing minimally invasive bariatric surgery devices and reducing implications such as internal bleeding, gastric band slippage, gastrointestinal ulcers, etc., associated with the surgery is expected to influence the market growth positively. Furthermore, growing investments by market players for research & development initiatives towards cutting-edge technology and increasing reimbursement coverage and sponsored bariatric surgeries are expected to fuel the market growth.

The United Kingdom bariatric surgical devices market is segmented by type, procedure, end user, competitional landscape, and regional distribution. Based on type, the market is differentiated between implantable devices and assisting devices. The implantable devices segment is expected to dominate the United Kingdom bariatric surgical devices market, owing to the rising demand for bariatric surgeries that include the use of implantable devices to function in the alteration of the stomach and other gastrointestinal issues. By procedure, the market is fragmented into adjustable gastric banding, Roux-en-Y gastric bypass, sleeve gastrectomy (SG), one anastomosis gastric bypass (OAGB), and others. Sleeve gastrectomy is anticipated to register the fastest growth in the United Kingdom bariatric surgical devices market since it is an incision-less surgery and approved by FDA.

Major players operating in the United Kingdom bariatric surgical devices market are Johnson & Johnson Limited, Medtronic UK, B Braun Medical Limited, Conmed Linvatec UK Limited, Stryker UK Limited, Becton Dickinson UK Limited, Olympus UK Limited, among others.

Years considered for this report:

Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022E
Forecast Period: 2023F-2027F

Objective of the Study:

To analyze the historical growth in the market size of the United Kingdom bariatric surgical devices market from 2017 to 2021.
To estimate and forecast the market size of United Kingdom bariatric surgical devices market from 2022E to 2027F and growth rate until 2027F.
To classify and forecast the United Kingdom bariatric surgical devices market based on type, procedure, end user, region, and company.
To identify the dominant region or segment in the United Kingdom bariatric surgical devices market.
To identify drivers and challenges for the United Kingdom bariatric surgical devices market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the United Kingdom bariatric surgical devices market.
To identify and analyze the profiles of leading players operating in the United Kingdom bariatric surgical devices market.
To identify key sustainable strategies adopted by market players in United Kingdom bariatric surgical devices market.

The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of manufacturers across the country. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher could include the manufacturers who could not be identified due to the limitations of secondary research. The publisher analyzed the manufacturers, distribution channels and presence of all major players across the country.

The publisher calculated the market size of the United Kingdom bariatric surgical devices market using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the publisher.

Key Target Audience:

Bariatric surgical device manufacturers
Market research and consulting firms
Government bodies such as regulating authorities and policy makers
Organizations, forums, and alliances related to bariatric surgical devices

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, United Kingdom bariatric surgical devices market has been segmented into following categories, in addition to the industry trends which have also been detailed below: