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Bariatric Devices Market is anticipated to hit $2.9 billion by 2023
by Kalyansri · November 23 Wholesale Vita Vea Jersey , 2018


The American region holds the largest market share and growth in the Bariatric devices Market and is anticipated to reach $1.9 billion by 2023 at a CAGR of 8.2%. However, APAC witnessed the highest growth rate during the forecast period and is expected to reach $0.3 billion by 2023. Increasing nutritional deficiencies due to excess food intake and consumption of high-calorie food are greater in the Americas than in other regions. These irregular food habits contribute much to the increasing bariatric patients in North America and are thus, leading the increased demand for bariatric procedures as well. According to the National Institute of Health, about $75-135 billion is spent directly or indirectly on costs related to obesity and bariatric surgeries.


Selected ProductMarket Life Cycle Analysis done in the full report
鈥?The Bariatric treatments and devices are fabricated using various raw materials ranging from resins to plastics. The lifecycle of a bariatric device comprises of the entire lifespan of a device into account, from the time it is manufactured and assembled to the end of its utility Wholesale Matt Gay Jersey , leading to disposal or recycling. Processing and recycling medical devices have always been an important part of the product lifecycle. But this can be seen more prevalently in developing nations due to weaker economic situations. With respect to bariatric devices, the lifecycle of the equipment lasts as long as the durability of the material. Many of the instruments are reusable and a single instrument can be used for various surgeries.
鈥?Vanguard medical concepts Inc. announces the recycling program for trocars used in bariatric surgery. The company aims at reducing medical waste and increase medical cost savings by reusing and recycling programs. According to Vanguard, about 12,000 trocars and 15,000 DVT (deep-vein thrombosis) have been recycled. The life cycle of a bariatric device Wholesale Anthony Nelson Jersey , particularly custom-made devices, are largely dependent on the type of product and extent of use by a patient. The bariatric devices are composed of metals such as stainless steel, aluminum, etc. and plastic components which are completely recyclable. The general Purchasing Organization at Mercy Medical Center in Baltimore realized that 12,800 oximeter probes and 3 Wholesale Mike Edwards Jersey ,200 trocars and sleeves undergo degradation every year. In order to save money and reduce medical waste, the center takes an opportunity to make contracts with reprocessing companies.
鈥?The usage materials are separated by breaking down the bariatric devices and then recycled to produce other products. Sometimes, a whole part or component is recycled by fitting it into another new bariatric device. Mostly, recycled components of bariatric devices are trocars, staples Wholesale Jamel Dean Jersey , needles, sleeves etc. These are fitted to new parts to produce a new device which is cheaper in cost and hence, affordable. Such bariatric devices are then provided to patients in third world countries and regions, ravaged by war and natural calamities.


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Excerpts on Market Growth Factors
鈥?Increase in the worldwide predominance of obesity with a low attainment rate of physical activities and eating methodology in checking obesity is among the most noteworthy growth driver of the bariatric market.
鈥?Bariatric Devices Market is also driven by the involvement of new technologies that include less invasive processes and concomitant technology.
鈥?As the market is a growing segment Wholesale Sean Bunting Jersey , manufacturers have taken the advancement in manufacturing bariatric products using core products. Thus, suppliers are getting more involved in providing specialized and engineered products into the market with respect to demand. Hence, the power of suppliers is very high in this market.
鈥?The market growth is dependent on the number of patients in a geographic region and their increase every year. Essentially, all the companies are vying for the same limited market and hence, product differentiation Wholesale Devin White Jersey , branding, advertising, pricing are very crucial factors for market share growth or retention.
鈥?In India and China, the penetration rate for miniaturized devices is high, with a vast scope for the growth of invasive bariatric surgeries. Recently Cheap Mike Alstott Jersey , the introduction of Lap-band, the most effective and sophisticated technology by Allergan, helped the developing nations to experience a surge in their revenues.
鈥?US market for bariatric devices holds the largest share in North America. The market is expected to grow for the next six years due to the increased use of laparoscopically adjustable banding systems and also rise in the number of emerging technologies. Intragastric balloons, transoral devices, stimulators Cheap Noah Spence Jersey , vagal blocking systems are few upcoming technologies that drive the growth of the bariatric device market.
鈥?According to research exp