Gastric bypass is one of the vastly studied surgeries that can even benefit offering several positive effects in the treatment of blood pressure, sleep apnea, and certain forms of cancer. This surgery can also impact diabetes treatments and most importantly with a remarkably fast weight reduction.
During various types of research conducted on gastric bypass, a drastic reduction (over 90 percent) in new onset type 2 diabetes was found. Also, in other obesity-related conditions assessed it was found that gastric bypass can bring a significant reduction in the occurrence of high blood pressure and dyslipidemia. Such phenomenal outcomes that the surgery offers are acting as major tailwinds pushing the market on the global platform. market report offers comprehensive study of the Gastric Bypass Market Statistics ,Overview, Regional Overview, Segments. Gastric Bypass Industry growth is significant during forecast period.
Acknowledging the rapid expansion, the market is witnessing at present, Market Research Future (MRFR) in its recently published study analysis asserts that the global gastric bypass market would garner exponential accruals by 2023; posting a CAGR of 6.1% throughout the review period (2017 – 2023). The extensive uptake of gastric bypass surgery is a major factor driving the growth of the market.
Additional factors that are substantiating the growth of the market include the rising prevalence of obesity, diabetes, and cardiovascular disease, leading to increasing the demand for minimally invasive procedures for the treatment. Moreover, increasing adoption of advanced surgical devices across the medical sector is the primary factor fostering the market growth of the market.
On the other hand, factors such as the side effects associated with the gastric bypass surgery such as developing suicidal tendencies are impeding the growth of the market. Nevertheless, factors such as the full-fledged counseling session conducted before and after the surgery to highlight the need for considerable attention to patients’ psychological health, are expected to support the growth of the market, positively influencing the decision for the operation.
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Gastric Bypass Market – Segmentations
For ease of understanding, the analysis has been segmented into four key dynamics:
By Type : Endoscopic Sleeve Gastroplasty and Intragastric Balloon among others.
By Indication : High Blood Pressure, Heart Disease, Type 2 Diabetes, and Gastroesophageal Reflux Disease among others.
By End-user : Clinics and Surgical Centers and Hospitals among others.
By Region : North America, Asia Pacific, Europe, and the Rest-of-the-World.
Gastric Bypass Market – Geographical Analysis
The North America region, heading with the increasing prevalence of obesity and cardiovascular diseases dominates the global gastric bypass market. Factors that are substantiating the growth in the regional market include the presence of well-established market players manufacturing setups for the surgical devices and the availability of advanced healthcare specialty services.
The U.S. with its well-developed technology and high healthcare expenditure help the region to command the largest market share. Continuing with the same growth trends, the gastric bypass market in North America is expected to retain its dominance throughout the forecast period.
The gastric bypass market in the European region accounts for the second-largest market, globally. Factors such as the increasing diabetic population and the extensive research development activities in the field of gastroenterology led by the availability of funds foster the growth in the regional market. Germany and France backed by the increasing use of minimally invasive surgical procedures in hospitals, and surgical centers account for the significant contributors to the growth of the regional market.
The Asia Pacific gastric bypass is emerging as a profitable market, globally. Factors such as the vast technological developments are acting as key driving forces behind the growth of the regional market, meeting the demand for technologically advanced devices for minimally invasive surgical procedures. The rapidly improving economy in the region is acting as a major tailwind that is impacting the growth in the regional market, positively.
Also, the availability of the low-cost treatment and drugs is facilitating the needed boost to the market growth, meeting the large unmet clinical needs of the vast population. Furthermore, factors such as the increasing occurrences of diabetes and cardiovascular diseases and the rising number of specialty services, provide impetus to the market growth to an extent.
Simultaneously, the growing penetration of healthcare insurance mainly in Thailand, Malaysia, and Vietnam alongside the other South East Asian countries are expected to drive the gastric bypass market in the APAC region.
Global Gastric Bypass Market – Competitive Analysis
Highly competitive, the gastric bypass market appears fragmented due to the presence of several matured players. These players form a healthy competitive landscape which results in intensifying the completion in the market. Mergers acquisitions, innovation, and brand reinforcement remain the key trends for leading players.
Key players leading the global gastric bypass market include Intuitive Surgical Inc. (US), TransEnterix Inc. (US), Medtronic (US), USGI Medical Inc. (US), Cousin Biotech (France), ALLERGAN (Republic of Ireland), Johnson Johnson Services, Inc. (US), Mediflex Surgical Product (US), and GI Dynamics Inc. (US) among others.
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