Rising Incidence of Obesity & Increasing Demand for Sleeve Gastrectomy Drive the Global Bariatric (Obesity) Surgical Devices Market
Growing
incidence of obesity among adults and children, improved success rate of
laparoscopic surgeries, better reimbursement coverage, and technological
advancements are poised to drive the global
market for Bariatric (Obesity) Surgical Devices to reach US$2 billion by 2024.
Surgical intervention for obesity treatment is mainly through the
established methods of Roux-en-Y Gastric Bypass (RYGB), Adjustable Gastric
Banding (AGB), and Sleeve Gastrectomy (SG). Laparoscopy is a key trend
pervading the bariatric surgery domain. Over the last decade, bariatric
surgeries have been increasingly performed by laparoscopic techniques. While
traditional bariatric procedures are performed through a midline incision on the
upper abdomen and instrumental retraction of viscera to expose the target area,
laparoscopic surgeries usually involve up to 5 small incisions and creation of
pneumoperitoneal space between abdominal wall and viscera. Compared to open
surgery, laparoscopic
surgery is associated with reduced length of hospitalization and lower
hospital charges, reduced infection and post-operative pain, faster recovery,
and reduced post-operative mortality as well. Reported incidences of cardiac
arrhythmia, blood transfusion, sepsis, pulmonary embolism, and gastrointestinal
leaks were also fewer with laparoscopic RYGB when compared to open RYGB.
RYGB is considered to be the gold standard of
bariatric surgeries. In this surgery, the stomach is divided into a small upper
pouch and a larger lower pouch; the intestine is rerouted and connected to the
upper pouch. The stomach size is reduced by cross-stapling the upper section of
the stomach and subsequently separating the proximal and distal sections. The
new stomach pouch is then directly attached to the small intestine through a “Roux
limb”. This procedure reduces
the amount of food that can be eaten and absorbed, by by-passing a large
section of the stomach and intestines. However, symptoms such as pain and
nausea may arise especially when high-energy food is ingested, because food
directly reaches the jejunum after ingestion. Behavioural therapy and diet
monitoring is therefore vital after the surgery.
Adjustable
Gastric Banding (AGB) is the least invasive method which is also reversible
and is usually performed in mid-level obese patients and in older patients.
Laparoscopic method is increasingly used for this surgery. A band is placed
around the upper part of the stomach and connected to a port beneath the skin.
Saline solution is added or removed through the port to inflate or deflate the
band respectively to control the rate of passage of food into the stomach.
Slowing down the rate of passage of food causes a feeling of satiety and
therefore reduced caloric intake of food. Sleeve Gastrectomy (SG) procedure is
rapidly overtaking the RYGB and AGB as the bariatric surgery of choice. Though
initially meant to be the first stage of biliopancreatic diversion (BPD)
process, SG later evolved into a standalone procedure because several patients
lost enough weight with only this procedure without the need for any further
surgery. In this procedure, a section of the stomach is removed to leave just a
sleeve-like tube with reduced size. This leads to faster onset of fullness and
reduced food intake. Both gastric bypass and SG procedures use surgical
staplers as the primary tool. Therefore, large suppliers of surgical staplers
including Ethicon (J&J) and Medtronic are in favour of these procedures.
As
stated by the new market research report on Bariatric
(Obesity) Surgical Devices, the United States represents the largest
regional market worldwide supported by a large base of obese population and easy
availability and access to advanced healthcare services. Developing economies
present strong opportunities for future growth led by growing number of overweight
people, increasing prevalence of diabetes, improving healthcare infrastructure,
and increased per capita healthcare spends. Led by China and India,
Asia-Pacific is forecast to record the fastest CAGR of 14.4% over the analysis
period.
Major
players in the market include Apollo Endosurgery Inc., Agency for Medical
Innovations GmbH, Bariatric Solutions GmBH, Cousin Biotech, Medtronic Plc,
Ethicon US LLC, Helioscopie SA, and Médical Innovation Développement.
The
research report titled “Bariatric
(Obesity) Surgical Devices: A Global Strategic Business Report” announced
by Global Industry Analysts Inc.,
provides a comprehensive review
of market trends, issues, drivers, and strategic industry activities of major
companies worldwide. The report provides market estimates and projections for
all major geographic markets such as the US, Canada, Europe (France, Germany,
Italy, UK, Spain, and Rest of Europe), Asia-Pacific, Latin America, and Rest of
World. The US market for Bariatric (Obesity) Surgical Devices is analyzed by
the segments - Gastric Bypass, Gastric Banding, and Sleeve Gastrectomy.
For
enquiries e-mail us at rsd@strategyr.com
or info411@strategyr.com.
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