3 significant trends reinforcing bariatric surgery devices market growth over 2019-2025
Publisher : Fractovia | Published Date : 2019-09-13Request Sample
Rising obesity levels and growing demand for minimally invasive surgeries for weight management are anticipated to drive bariatric surgery devices market size. Moreover, limited long-term success of pharmacologic treatments in cases involving morbid obesity has resulted in increasing interest in bariatric surgery.
Bariatric surgery basically includes a variety of procedures performed on people with obesity. The weight loss in obese patients is achieved through removal of a portion of the stomach, by reducing the size of the stomach with a gastric band or by resecting & re-routing the small intestine to a small stomach pouch.
Obesity has become one of the major global health problems and is contributing to various disabling and life-threatening diseases such as coronary artery disease and type 2 diabetes mellitus. The long-term results of traditional weight loss therapies, including medication, exercise and diet are relatively poor. For morbidly obese patients, bariatric surgery is among the most effective treatments as it enables substantial and sustained weight loss to improve or resolve obesity-associated issues and hence reduces mortality rate.
With growing preference for bariatric surgeries to treat obesity over traditional weight loss methods is expected to increase demand for minimally invasive surgical procedures and hence will also boost bariatric surgery devices market trends over the forecast period.
Enumerated below is an insightful summary of the top trends which are likely to offer impetus to bariatric surgery devices market share over 2019-2025:
Growing prevalence of obesity to provide impetus to bariatric surgery devices market outlook
More of the global population succumbs to disease directly or indirectly related to obesity and overweight than underweight. According to WHO, 39% of adults aged 18 years and over (40% of women and 39% of men) were overweight in 2016, and overall a total of around 13% of the world’s adult population (15% of women and 11% of men) were obese in the same year.
Obesity rates have increased in all ages and both sexes irrespective of ethnicity, socioeconomic status or geographical locality. Changing dietary patterns and physical inactivity are the major factors leading to obesity in the masses. With rising obesity cases, bariatric surgeries are gaining a lot of popularity. To date, bariatric surgery is a major weight management option that produces the greatest degree of weight loss that can be maintained in the long term along with a reduction in obesity-related chronic health problems such as cardiovascular disorders and diabetes.
According to U.S. practice guidelines, patients with a body mass index of 40 kg/m2 qualify for bariatric surgery. As a procedure, bariatric surgery is safe and has a mortality rate of only 0.3%. Bariatric surgery is one of the fastest growing operative procedures performed globally. In 2011, more than 340,000 bariatric operations were performed. The procedure aids weight loss through two fundamental mechanisms: malabsorption and restriction of food intake. With rise in the number of bariatric operations, bariatric surgery devices market share is projected to gain traction.
Development of minimally invasive surgical tools to fuel bariatric surgery devices industry
Owing to post-operation trauma and complication, development of high-dexterity, non-invasive surgery instruments is gaining traction. Minimally invasive surgical devices are preferred over invasive ones, due to minimized cost of treatment and less recovery time. In 2018, minimally invasive surgical devices segment was valued more than $1 billion.
The development of less invasive non-surgical devices and techniques is on the rise and is crucial for physicians as well as patients in this relentless wave of obesity and diabetes. Usage of non-invasive surgical devices is rapidly increasing in bariatric surgeries due to various benefits including small incisions, less scarring, less pain, quick recovery time and reduced blood loss. Preference for non-invasive/minimal-invasive surgeries is increasing, which is projected to directly influence bariatric surgery devices market outlook.
Rising obesity rate in the U.S. to fuel bariatric surgery devices market share
Obesity levels across the U.S. are reaching epidemic proportions with resultant strain on healthcare systems as well as individual wellbeing. As per WHO reports, between 2015 and 2016, the prevalence of obesity among U.S. adults was 39.8%.
Moreover, a research paper published by the WHO demonstrates that rise in fast food sales is correlated to rise in body mass index, and fast-food consumption in Americans is at its peak; such food makes up around 11% of the average American diet. Another study states that added sugars from energy drinks and soda are wreaking havoc on American wellbeing.
Excess body weight is estimated to be responsible for about 8% of all cancers in the U.S., as well as about 7% of all cancer-related deaths. In 2018, around $12 million worth of grant was approved by the American Cancer Society for obesity-related research in labs across the U.S.
U.S. citizens are choosing bariatric surgeries for weight loss and improved quality of life, which is resulting in exponential growth in bariatric surgeries and hence that of bariatric surgery devices market. For instance, in 2018, North America bariatric surgery devices market was worth around $500 million.
Bariatric surgery can result in considerable weight loss, resolution of co-occurring conditions and improved quality of life. With growing prevalence of obesity, bariatric surgery devices market has an expanded growth scope in future. As per Global Market Insights estimates, bariatric surgery devices market size is projected to surpass $2 billion by 2025.
