Increasing Obesity Prevalence To Drive Obesity/Bariatric Surgery Devices Market

AL GARHOUD, UAE - Sept. 3, 2021 - PRLog -- A number of factors, such as the surging prevalence of obesity due to lifestyle changes, growing awareness about bariatric surgeries among people across the world, government support for research programs, technological advancements in obesity surgery devices, and rising need for minimally invasive surgeries, are projected to boost the growth of the obesity/bariatric surgery devices market at a CAGR of 9.9% in the forecast period (2017–2023).

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Another key factor driving the demand for obesity/bariatric surgery devices is the growing awareness about bariatric surgeries among people. Several organizations are conducting awareness programs to raise alertness about bariatric surgeries. For example, a U.S.-based non-profit organization, Campaign to End Obesity, conducts awareness programs regarding comprehensive obesity treatment methods, which include exercise, proper diet, and bariatric surgery. Similarly, the American Association of Physicians of Indian Origin (AAPI) introduced the Childhood Obesity Awareness Program in June 2013. Thus, these awareness programs are expected to drive the market growth in the future.

Moreover, the obesity/bariatric surgery devices market is categorized into gastric electric stimulators, stapling devices, gastric balloons, gastric bands, and others, based on type. Among these, the stapling devices category held the largest revenue share in the market in 2016. This is attributed to the wide application area of these devices in bariatric surgeries, including the stapling of the stomach and intestine parts. Whereas, the demand for gastric balloons is projected to observe the highest growth rate in coming years, as they help in reducing the weight and do not require any incision.

Thus, the surging prevalence of obesity and growing awareness about bariatric surgeries are expected to propel the growth of the market during the forecast period.