Market overview
Gastric bypass is one of the vastly
studied surgeries that can even benefit offering several positive effects in
the treatment of blood pressure, sleep apnea, and certain forms of cancer. This
surgery can also impact diabetes treatments and most importantly with a
remarkably fast weight reduction.
Acknowledging the rapid expansion, the
market is witnessing at present, Market Research Future (MRFR) in its recently
published study analysis asserts that the global gastric bypass market size is expected
to reach USD 1,466.75 Million by 2030 at 4.90% CAGR during the forecast period
2022-2030. The extensive uptake of
gastric bypass surgery is a major factor driving the growth of the market.
During various types of research
conducted on gastric bypass, a drastic reduction (over 90 percent) in new onset
type 2 diabetes was found. Also, in other obesity-related conditions assessed
it was found that gastric bypass can bring a significant reduction in the
occurrence of high blood pressure and dyslipidemia. Such phenomenal outcomes
that the surgery offers are acting as major tailwinds pushing the market on the
global platform.
Additional factors that are
substantiating the growth of the market include the rising prevalence of
obesity, diabetes, and cardiovascular disease, leading to increasing the demand
for minimally invasive procedures for the treatment. Moreover, increasing
adoption of advanced surgical devices across the medical sector is the primary
factor fostering the market growth of the market.
On the other hand, factors such as the
side effects associated with the gastric bypass surgery such as developing
suicidal tendencies are impeding the growth of the market. Nevertheless,
factors such as the full-fledged counseling session conducted before and after
the surgery to highlight the need for considerable attention to patients’
psychological health, are expected to support the growth of the market,
positively influencing the decision for the operation.
Global Gastric Bypass
Market – Competitive Analysis
Highly competitive, the gastric bypass market
appears fragmented due to the presence of several matured players. These
players form a healthy competitive landscape which results in intensifying the
completion in the market. Mergers & acquisitions, innovation, and brand
reinforcement remain the key trends for leading players.
Major Players:
Global gastric
bypass market players include Intuitive Surgical Inc. (US), TransEnterix
Inc. (US), Medtronic (US), USGI Medical
Inc. (US), Cousin Biotech (France), ALLERGAN (Republic of Ireland), Johnson
& Johnson Services, Inc. (US), Mediflex Surgical Product (US), and GI
Dynamics Inc. (US) among others.
Gastric Bypass Market
– Segmentations
For ease of understanding, the analysis has been segmented into four key
dynamics:
By Type : Endoscopic Sleeve Gastroplasty and Intragastric Balloon among others.
By Indication : High
Blood Pressure, Heart Disease, Type 2 Diabetes, and Gastroesophageal Reflux Disease among others.
By End-user : Clinics and Surgical Centers and Hospitals among others.
By Region :
North America, Asia Pacific, Europe, and the Rest-of-the-World.
Gastric Bypass Market
– Geographical Analysis
The North America region,
heading with the increasing prevalence of obesity and cardiovascular diseases
dominates the global gastric bypass market. Factors that are substantiating the
growth in the regional market include the presence of well-established market
players & manufacturing setups for the surgical devices and the
availability of advanced healthcare specialty services.
The U.S. with its
well-developed technology and high healthcare expenditure help the region to
command the largest market share. Continuing with the same growth trends, the
gastric bypass market in North America is expected to retain its dominance
throughout the forecast period.
The gastric
bypass market insights in the European region accounts for the
second-largest market, globally. Factors such as the increasing diabetic
population and the extensive research & development activities in the field
of gastroenterology led by the availability of funds foster the growth in the
regional market. Germany and France backed by the increasing use of minimally
invasive surgical procedures in hospitals, and surgical centers account for the
significant contributors to the growth of the regional market.
The Asia Pacific gastric
bypass is emerging as a profitable market, globally. Factors such as the vast
technological developments are acting as key driving forces behind the growth
of the regional market, meeting the demand for technologically advanced devices
for minimally invasive surgical procedures. The rapidly improving economy in
the region is acting as a major tailwind that is impacting the growth in the
regional market, positively.
Also, the availability of
the low-cost treatment and drugs is facilitating the needed boost to the market
growth, meeting the large unmet clinical needs of the vast population.
Furthermore, factors such as the increasing occurrences of diabetes and
cardiovascular diseases and the rising number of specialty services, provide
impetus to the market growth to an extent.
Simultaneously, the growing
penetration of healthcare insurance mainly in Thailand, Malaysia, and Vietnam
alongside the other South East Asian countries are expected to drive the
gastric bypass market in the APAC region.
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Future (MRFR), enable customers to unravel the complexity of various industries
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Floor, New York,
New York 10013
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America
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