Obesity Surgery Devices Market to See Strong Growth and Business Opportunities

The obesity surgery devices market size is projected to reach $2.8 billion by 2023, growing at a CAGR of 9.9% during 2017-2023.
Spread the Word
Listed Under

* Obesity Surgery Devices Market

* Medical

* Antioch - California - US

* Reports

ANTIOCH, Calif. - Oct. 10, 2019 - PRLog -- he increasing incidence of obesity, leading to significant demand for obesity surgeries, growing awareness toward bariatric surgeries, and dynamic lifestyle are some of the major factors driving the growth of the obesity/bariatric surgery devices market. In 2016, the market generated a revenue of $1.4 billion, and it is predicted to attain a size of $2.8 billion by 2023, progressing at a CAGR of 9.9% during 2017–2023 (forecast period). Obesity surgery devices are medical equipment used in bariatric surgeries for the treatment of obesity.

Based on procedure, the obesity/bariatric surgery devices market (http://bit.ly/2KKSsjt) is bifurcated into non-invasive and minimally invasive surgery. Of these, in 2016, the minimally invasive bifurcation dominated the market in terms of revenue, and it is expected to maintain its dominance during the forecast period. This is attributed to the fact that the demand for these surgeries is increasing, owing to their lower cost and no radiation involvement compared to other surgeries. However, the non-invasive surgery bifurcation is predicted to witness faster growth, at a 17.1% CAGR, during the 2017–2023 period.

Request to Get the Sample Pages at:https://www.psmarketresearch.com/market-analysis/obesity-surgery-devices-market/report-sample (https://www.psmarketresearch.com/market-analysis/obesity-...)

Non-invasive surgeries do not need incisions and cause less complications compared to minimally invasive surgeries. On the basis of type, the obesity/bariatric surgery devices market is categorized into stapling devices, gastric balloons, gastric bands, gastric electrical stimulators, and others. Out of these, during 2017–2023, gastric balloons are predicted to register the fastest growth. This is ascribed to the fact that they do not need any kind of incision and are a cost-effective technique for weight loss.

Hence, the surging prevalence of obesity, rising awareness on bariatric surgeries, and increasing usage of gastric balloons are being witnessed as the key drivers for the market growth.

Read More.. (https://www.psmarketresearch.com/market-analysis/obesity-...)

Pramod Kumar
Posted By:***@psmarketresearch.com Email Verified
Tags:Obesity Surgery Devices Market
Location:Antioch - California - United States
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
P&S Intelligence News
Most Viewed
Daily News

Most Viewed
Daily News
PTC News

Oct 10, 2019 News

Like PRLog?
Click to Share