Obesity Surgery Devices Market 2021 Global Industry Growth Analysis, Segmentation, Size, Future Demand and Leading Players Updates by Forecast to 2030

In a recent published report, Kenneth Research has updated the market report for Obesity Surgery Devices Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Obesity Surgery Devices Market products.

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According to a report by the World Health Organization (WHO), the total health spending is growing with an annual average rate of 6% in the low- and middle-income nations, and close to 4% in the high-income countries. Further, in the year 2016, the expenditure made on health reached close to 10% of the GDP of the world and crossed a value of USD 7 trillion.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Global Obesity Surgery Devices Market is estimated to reach $3,567 Million by 2024; growing at a CAGR of 9.5% from 2016 to 2024. Obesity is accumulation of excess fat that would deteriorate the health of humans. Primary cause of obesity is reduced physical activity, high fat intake, and genetic inheritance. As stated by WHO, around 1.9 billion adults globally were overweight, out of them, about 600 million were found to be obese. Moreover, 41 million children below the age of 5 were found to be obese. Extreme obesity can be reduced by removing portion of stomach or decrease in size of stomach through sleeve gastrectomy or gastric bands. Furthermore, obesity surgeries also aid in many medical conditions including diabetes, sleep apnea, acid reflux, urinary stress incontinence, low back pain, hypertension, and polycystic ovary syndrome (PCOS).

The global obesity surgery devices market is propelled by factors such as rising disposable income, growing popularity of fast foods, rising obesity endemic worldwide and increasing commonness of child obesity. Though, high cost of procedure and selective nature of obesity surgery may hamper the growth of the market. Furthermore, rising government initiatives to increase awareness about the ill effects of obesity and need for minimum invasive procedures could offer future market scope in coming years.
The global obesity surgery devices market is categorized into devices, procedure, and geography. The device segment is bifurcated as gastric electrical stimulator, staples, gastric bands, intragastric balloon, and others. Furthermore, the market is segmented by procedure as Roux-en-Y gastric bypass, biliopancreatic diversion with as duodenal switch, adjustable gastric banding, sleeve gastrectomy, and others.

Based on geography, global obesity surgery devices market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe segment consist of UK, Russia, Germany, France, Italy, and others. Asia-Pacific is segmented into India, China, Japan, South Korea, and others while RoW is bifurcated into South America, Middle East, and Africa.

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The key market players include TransEnterix Inc., Allergan Inc., Mediflex Surgical Products, Johnson and Johnson, Aspire Bariatrics, Inc., IntraPace Inc., Medtronic Inc., Cousin Biotech, Spatz FGIA Inc., and EnteroMedics Inc., among others.

The key takeaways from the report:
The report will provide detailed analysis of Obesity Surgery Devices Market with respect to major segments such as devices, and procedure
The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024. Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Obesity Surgery Devices Market has been included in the report. Profile of the key players in the Obesity Surgery Devices Market will be provided, which include key financials, product & services, new developments and business strategies.

Scope of Obesity Surgery Devices Market:
Device Segments
Gastric Electrical Stimulator
Gastric Bands
Intragastric Balloon
Other Devices
Procedure Segments
Roux-en-Y Gastric Bypass
Biliopancreatic Diversion with As Duodenal Switch
Adjustable Gastric Banding
Sleeve Gastrectomy
Others Procedures

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Geographical Segments
North America
South Korea
South America
Middle East

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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Christophe Rude
Christophe Rude
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