iCrowdNewswire Jan 25, 2021 6:00 AM ET
Gastric bypass is one of the best-studied surgeries that can lead to several benefits including positive effects for sleep apnea, blood pressure, certain forms of cancer, and improvement in diabetes along with the remarkably fast weight reduction.
Acknowledging the growth, this market perceives currently; Market Research Future (MRFR) in its recently published study report asserts that the global Gastric Bypass market will grow exponentially by 2023; posting a CAGR of 6.1% during the review period (2017 – 2023).
Despite demonstrating the positive overall effects and strong benefits, there are some side effects associated with gastric bypass which are hindering the market growth. For instance; suicidal tendencies are reported in people who have this surgery. Nevertheless, a full-fledged counselling session are conducted before and after the surgery highlighting the need for greater attention to patients’ psychological health.
Gastric Bypass Market – Segmentations
The report – The Gastric Bypass market is segmented into four key dynamics, for the convenience of the report and enhanced understanding:-
By Types: Comprises Endoscopic Sleeve Gastroplasty, and Intragastric Balloon, among others.
By Indications: Heart Disease, High Blood Pressure, Type 2 Diabetes, and Gastroesophageal Reflux Disease, among others.
By End-Users: Hospitals, Clinics, and Surgical Centers, among others.
By Regions: North America, Europe, APAC, and Rest-of-the-World (RoW).
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Gastric Bypass Market – Geographical Analysis
The North America market dominates the global Gastric Bypass market commanding the largest market share, followed by Europe & Asia Pacific market, respectively. Factors substantiating the market growth in the region include the increasing prevalence of obesity and cardiovascular diseases, availability of healthcare specialty services and the presence of well-established market players and manufacturing set ups for the surgical devices.
The significantly growing market of the US backed by the well-developed technology and high healthcare expenditure accounts for the key contributor to the growth of the market in the region. Following the same growth trends in the future, the region is expected to retain its dominance.
Whereas, the Europe market for Gastric Bypass, holding the second position in global space, is growing due to the increasing diabetic population, extensive research & development activities in the field of gastroenterology along with the availability of funds for research.
Germany and France among other European countries account for the largest contributors to the market growth owing to the increasing use of minimally invasive surgical procedures in hospitals, and surgical centers.
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Gastric Bypass Market – Competitive Landscape
Gastric Bypass market witnesses intensified completion owing to the several matured & small key players forming a competitive landscape. Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for leading players.
Some of the leaders driving the Global Gastric Bypass Market include Intuitive Surgical Inc. (US), Medtronic (US), TransEnterix Inc. (US), USGI Medical Inc. (US), ALLERGAN (Republic of Ireland), Cousin Biotech (France), Johnson & Johnson Services, Inc. (US), GI Dynamics Inc. (US), and Mediflex Surgical Product (US). Profiling them in its analysis MRFR finds out their strategies placing them at the forefront of completion.
About Market Research Future:
Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.
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