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
share is expected to reach USD 1.61 Billion by 2032 at 4.9% CAGR
during the forecast period 2023-2032. 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
outlook 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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