Bariatric Surgery Devices Market by Type (Minimally Invasive (Stapling, Suturing), Non-Invasive)
The global bariatric surgery devices market was valued at USD 1.51 Billion in 2017 and is projected to reach USD 2.16 Billion by 2023, at a CAGR of 5.7%
(EMAILWIRE.COM, September 01, 2018 ) The growth of this market is driven by factors such as the growing obese population, increasing number of bariatric surgeries, and increasing preference for minimally invasive procedures.
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The report describes and studies the global bariatric surgery devices market by type, procedure, and region. It provides detailed information regarding the major factors influencing the growth of this market and the regulatory analysis impacting market dynamics.
On the basis of type, the global bariatric surgery devices market is segmented into minimally invasive surgical devices (stapling devices, energy/vessel sealing devices, suturing devices, and accessories) and non-invasive surgical devices. The minimally invasive surgical devices segment is expected to register the highest CAGR during the forecast period. The increasing prevalence of obesity worldwide, the demand for fewer incisions and scars, and the need for minimal discomfort and trauma are the factors driving the non-invasive weight loss surgical equipment market.
Based on procedure, the market is segmented into sleeve gastrectomy, gastric bypass, revision bariatric surgery, non-invasive bariatric surgery, adjustable gastric banding, mini-gastric bypass, and biliopancreatic diversion with duodenal switch. The sleeve gastrectomy segment is expected to account for the largest share and register the highest CAGR during the forecast period.
The geographic segments in this report include North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Of these, the North American segment is expected to account for the largest share of the market in 2018.
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