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 assoc...