Gastric band devices are medical devices used by surgeons to treat obesity and thus reduce the consumption of food. These devices are placed around the upper part of the stomach, which results in a smaller stomach pouch. Gastric banding is one of the least invasive surgeries performed using laparoscopic surgery.
The major factors that contribute to the growth of the gastric band devices market include increasing prevalence of diabetes & obesity, high demand for minimally invasive surgeries & laparoscopic bariatric surgeries, better healthcare infrastructure, and increasing medical tourism in developing countries. However, high costs of gastric band device and limited reimbursement policies restrain the market growth. The high demand for robotic systems for gastric banding as they are more efficient and emerging untapped markets provide numerous opportunities for the market growth during the forecast period.
The global gastric band devices market is segmented on the basis of product, end-user, and region. On the basis of product, the market is segmented into adjustable gastric bands and non-adjustable gastric bands. Based on end-user, the market is categorized into hospitals, clinics, ambulatory surgical centers, and obesity centers. Geographically, the market has been analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players that operate in this market include Ethicon US, LLC, Cousin Biotech S.AS, Apollo Endosurgery, Inc., Johnson and Johnson, Medtronic Plc., Millennium Surgical Corp, Intuitive Surgical, Mediflex Surgical Products, TransEnterix, Inc., and GI Dynamics, Inc.
- The study provides an in-depth analysis of the global gastric band devices market with current trends and future estimations to elucidate imminent investment pockets.
- The report provides information about the current and upcoming trends in the global gastric band devices market from 2016 to 2023, which helps determine prevailing opportunities.
- Comprehensive analysis of factors that drive and restrict the growth of the global gastric band devices market has been provided.
- Identification of factors that are instrumental in changing the market scenario, rise in opportunities, and identification of key companies that can influence this market on a global and regional scale have been provided.
- Key market players within the market have been profiled in this report and their strategies thoroughly analyzed, which help understand the competitive outlook of the global gastric band devices market.
Gastric Band Devices Market Key Segments:
- Adjustable Gastric Bands
- Non-Adjustable Gastric Bands
By End User
- Ambulatory Surgical Centers
- Obesity Centers
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA