Bariatric Surgery Devices Market Size, Trends, Shares, Insights and Forecast – 2018-2026

SEATTLE - Oct. 8, 2020 - PRLog -- North America accounted for the largest market share in the global Bariatric Surgery Devices Market, owing to increasing cases of obesity in the region. According to the Centers for Disease Control and Prevention (CDC), in 2015-2016, the prevalence of obesity was 39.8% in adults and 18.5% in youth.

Bariatric surgery, also known as weight loss surgery, is a class of bariatrics, which refers to a minimally-invasive surgical procedure performed on people suffering from obesity. Bariatric surgery aims to reduce the weight of an individual with the help of a surgery that reduces the size of stomach by removing a portion of tissues or fats of the stomach. The National Institutes of Health in the U.S. suggests a person to undergo bariatric surgery depending on the BMI of the individual.

According to the World Health Organization, the facts state that worldwide obesity has tripled since 1975. The key facts suggest that in 2016, over 1.9 billion adults were reported to be overweight, out of which 650 million were reported obese. This trend was observed to persist even in children under the age group of 5 years, wherein 40 million children were found to be overweight in 2018.

Factors such as high obesity rates is expected to fuel growth of the bariatric surgery devices market. According to the World Health Organization, in 2016, 39.0% of adults aged 18 years and over were overweight and around 13.0% of the world's adult population were obese.

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According to the Centers for Disease Control and Prevention (CDC), during 2017-2018, the global prevalence of obesity was 42.4%, which increased from 30.5% during 1999-2000. It also states that the global prevalence of severe obesity increased from 4.7% during 1999-2000 to 9.2% during 2017-2018.

Asia Pacific is expected to witness significant growth rate over the forecast period, owing to the rising patient pool of obesity. According to the World Health Organization, in 2018, almost half of the children under 5 who were overweight or obese lived in Asia. According to the Asian Development Bank Institute, the article published in 2017 states that around 1 billion people in Asia Pacific were overweight or obese.

Key players operating in the global bariatric surgery devices market include Allergan Inc., Cousin Biotech, Covidien PLC, Endogastric Solutions Inc., EntroMedics Inc, GI Dynamics Inc, Intuitive Surgical Inc.

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