Global Minimally Invasive Bariatric Surgery Equipment Market, By Device Type (Assisting Devices, [Stapling Device, Suturing Device, Closure Device, Trocars, Others], Implantable Devices [Gastric Balloons, Electrical Simulation Devices, Gastric Bands, Gastric Emptying, Others]), By End User (Hospital Pharmacies, Ambulatory Surgical Centers, Bariatric Surgery Clinics) and opportunities and forecast 2020-2027
Minimally Invasive Bariatric Surgery Equipment Market Overview
The global Minimally Invasive Bariatric Surgery Equipment market is projected to expand at a high growth rate in the forecast period. Increasing sedentary lifestyles and the growing prevalence of obesity are major factors driving the growth of the Minimally Invasive Bariatric Surgery Equipment market. Currently, the prevalence of obesity is high in developing nations that have increased health concerns at the global level. According to World Health Organization, most of the world's population live in countries where overweight and obesity kill more people than underweight. 39 million children under the age of 5 were overweight or obese in 2020.
In addition, the rising demand for minimally invasive procedures across the world further boosting the growth of the market. As well, sponsored bariatric surgeries by the regional governments in developed countries and increasing reimbursement coverage are anticipated to propel the growth of the Minimally Invasive Bariatric Surgery Equipment market in the coming years.
On the downside, bariatric surgeries are expensive that could hamper the growth of the market. Moreover, a lack of awareness about these devices and surgeries also holds back the market’s development.Covid-19 Impact on Minimally Invasive Bariatric Surgery Equipment Market:
In addition, the current Minimally Invasive Bariatric Surgery Equipment Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Minimally Invasive Bariatric Surgery Equipment Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.Minimally Invasive Bariatric Surgery Equipment Market Segment Overview
Based on the end-user, the Bariatric Surgery Clinics segment has significant growth in the market. This is due to the increasing demand for minimally invasive bariatric surgery that is usually performed in bariatric surgery clinics. Additionally, several prominent players are operating in the market are continuously working on product development and investing more in research that is likely to benefit the market’s growth. As well, increasing innovation in the medical field and increasing study of co-morbidity by the players also support the market expansion. Hence, growing efforts by players will increase growth opportunities in the market over the forecast period.
Minimally Invasive Bariatric Surgery Equipment Market, By Device Type
- Assisting Devices
- Stapling Device
- Suturing Device
- Closure Device
- Implantable Devices
- Gastric Balloons
- Electrical Simulation Devices
- Gastric Bands
- Gastric Emptying
Minimally Invasive Bariatric Surgery Equipment Market, By End User
· Hospital Pharmacies
· Ambulatory Surgical Centers
· Bariatric Surgery ClinicsMinimally Invasive Bariatric Surgery Equipment Market Regional Overview
Region-wise, North America is leading the Minimally Invasive Bariatric Surgery Equipment market. This is due to the rising incidences of obesity and associated comorbidities such as sleep apnea, diabetes in this region. Thus, to address these diseases the demand for minimally invasive bariatric surgery equipment has grown largely. Similarly, the market in Asia-Pacific is expected to witness significant growth during the forecast period. This can be attributed to the increasing development in the healthcare sector and rapid economic growth in this region.
Minimally Invasive Bariatric Surgery Equipment Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)Minimally Invasive Bariatric Surgery Equipment Market, Key Players
· TransEnterix Inc.
· Cousin Biotech
· EnteroMedics Inc.
· Agency for Medical Innovations
· Medtronics Plc
· Aspire Bariatrics Inc.
· Intutive Surgical Inc.
· Apollo Endosurgery
· ReShape Lifesciences
· Mediflex Surgical Products
· Spatz FGIA
· Olympus Corporation of the Americas
· Climeworks AG