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The demand for minimally invasive (MI) bariatric surgeries such as sleeve gastrectomy is increasing due to the rising incidence of obesity and metabolic conditions such as Type-2 diabetes. Research analysis on the global sleeve gastrectomy devices market identifies that increasing demand for MI procedures in outpatient facilities will be one of the major factors that will have a positive impact on the sleeve gastrectomy devices market growth. Patients undergoing laparoscopic sleeve gastrectomy surgeries are required to stay in the ASC for less than 24 hours. Also, the availability of MI procedures such as sleeve gastrectomy and non-invasive procedures such as intragastric balloon is minimizing the adoption of gastric band surgery devices. The demand for sleeve gastrectomy devices will further increase due to its better clinical effectiveness. Technavio’s market research analysts predict that this market will grow at a CAGR of close to 14% by 2021.
The obesity rate is rising in the US due to the increase in childhood obesity. This makes the US the largest contributor to this obesity surgery devices market in the Americas. In addition, the rate of obesity will continue to increase in the region due to the improper diet and health problems. The prevalence of chronic diseases is increasing in Canada due to the growing rate of obesity. Consequently, the sales volume of sleeve gastrectomy devices will increase and will propell the sleeve gastrectomy devices market value. Furthermore, the adoption of sleeve gastrectomy devices will increase throughout the estimated period in the Americas due to the complications associated with Roux-en-Y gastric bypass (RYGB) and biliopancreatic diversion/duodenal switch procedures.
The sleeve gastrectomy devices market is characterized by the presence of limited regional and global players. These vendors are increasingly competing against each other based on factors such as device cost, services offered, insurance coverage, patient waiting period, partnership with universities, and research and development funding. Vendors in this obesity surgery devices market are focusing on expanding into emerging markets by diversifying their product portfolio and increasing their investments in the acquisition of advanced technologies.
Key vendors in this market are -
Other prominent vendors in the market include Baxter, Changzhou Ankang Medical Instruments, Dextera Surgical, Grena, MID, and Silex Medical.
Tissue closure devices are gaining popularity because they are used for other surgeries apart from the sleeve gastrectomy procedures. Silex Medical is one of the vendors focusing on the production of reusable surgical staplers for laparoscopic procedures. Surgical staplers, hemostasis devices, precision devices, and tissue sealants are some of the tissue closure devices used in the sleeve gastrectomy procedure.
A large number of patients rely on hospitals because they engage closely with many suppliers, reimbursement authorities, and government organizations. The number of bariatric surgeries performed in hospitals and clinics is increasing and this will in turn drive the sales of sleeve gastrectomy devices.
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PART 01: EXECUTIVE SUMMARY
PART 02: RESEARCH METHODOLOGY
PART 03: INTRODUCTION
PART 04: MARKET LANDSCAPE
PART 05: MARKET SEGMENTATION BY PRODUCT
PART 06: MARKET SEGMENTATION BY END-USER
PART 07: REGIONAL LANDSCAPE
PART 08: DECISION FRAMEWORK
PART 09: DRIVERS AND CHALLENGES
PART 10: MARKET TRENDS
PART 11: VENDOR LANDSCAPE
PART 12: KEY VENDOR ANALYSIS
PART 13: APPENDIX
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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