Global Gastric Band Devices Market 2017-2021

Gastric band devices market forecast

According to the gastric band devices market analysis, the global gastric band devices market will grow at a CAGR of close to 4% during the forecast period. One of the key factors that will stimulate the growth of the market during the forecast period is the increasing demand for laparoscopic bariatric surgeries in outpatient procedures. The demand for bariatric surgeries is increasing in the market due to the rising prevalence of obesity and type 2 diabetes. This drives the need to perform bariatric surgeries using laparoscopic adjustable gastric band devices in outpatient facilities. However, only selected obese patients to undergo gastric band surgery based on their age and BMI levels in the outpatient settings of hospitals and ASCs.

The patient is required to stay in ASCs during the procedure for less than 24 hours and the stay can be extended to 2-3 nights under complicated conditions. The laparoscopic adjustable gastric bands are highly preferred by various surgeons to perform laparoscopic bariatric surgeries because they increase the patient safety and reduce the mortality rate. Patients highly adopt gastric band devices because they can reduce the post-surgery complications associated with sleeve gastrectomy. The demand for the gastric bands will continue to increase in the market for the next four years due to its enhanced clinical effectiveness.

Gastric band devices market trends

The growing use of robotic systems for gastric banding is one of the key trends that will gain traction in the global gastric band devices market until the end of 2021. Surgeons are increasingly using robotics for gastric banding because they are more efficient than invasive or other laparoscopic surgeries. Additionally, the use of robotics also reduces the rate of complication.

Gastric band devices market worth: Competitive landscape and key vendors

The gastric band devices market is characterized by the presence of many vendors. These vendors compete against each other based on factors such as the cost of laparoscopic gastric band devices, services offered, insurance coverage, waiting period, partnership with universities, funding, and medical expos and trade shows. To enhance their customer base, the vendors are increasingly focusing on product innovations and extended product lines.

Key vendors in this market are -

• Apollo Endosurgery
• COUSIN BIOTECH

Gastric band devices market segmentation by end-user

• Hospitals and clinics
• ASCs and obesity centers

The majority of patients prefer hospitals and clinics over other healthcare units because they are closely engaged with many suppliers, reimbursement authorities, and government organizations. The purchase volume of gastric band devices will continue to increase for the next four years due to the rising adoption of bariatric surgeries in hospitals and clinics.

Gastric band devices market value by geography

• Americas
• APAC
• EMEA

In terms of geography, the Americas contributed to the maximum shares during 2016 due to the increased sales volume of gastric band devices in various countries such as the US and Canada in North America and Brazil in South America. The rising number of specialty hospitals and the growing prevalence of obesity in these countries will drive the gastric band devices market size and share until the end of 2021.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global gastric band devices market?
• What are the key market trends impacting the growth of the global gastric band devices market?
• What are the challenges to market growth?
• Who are the key vendors in the global gastric band devices market?
• What are the market opportunities and threats faced by the vendors in the global gastric band devices market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global gastric band devices market?

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