Article -> Article Details
Title | Gastric Bypass Market Research Analysis, Strategies, Business Plan, Revenue & forecast by 2023 |
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Category | Fitness Health --> News & Media |
Meta Keywords | Gastric Bypass Market |
Owner | vinit |
Description | |
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. During the multiple researches conducted, a drastic reduction (more
than 90 percent) in new onset type 2 diabetes was found. Also in
other obesity-related conditions assessed, a significant reduction in the
occurrence of both high blood pressure and dyslipidemia was found. Owing to
these phenomenal outcomes that the surgery offers, the market for Gastric Bypass is growing pervasively,
witnessing an extensive uptake all around the world. 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). Ever-increasing population, along with the growing urbanization is
dictating the demand for the effective healthcare more than ever.
Simultaneously, improving economic conditions are acting as a growth
propellant, meeting the demand by proliferating the number of healthcare
facilities. Substantial investments made in the field of development of
medicines and supporting devices have brought up novelties in the surgery,
widening its uptake which further leads to increasing the market size of
Gastric Bypass worldwide. Despite demonstrating the positive overall effects and strong benefits,
there are some side effects associated with the 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 – 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. Increasing funding support from the private and public bodies are paying
off well, increasing R&D activities, and eventually are supporting the
market growth in the region. Owing to the availability of new treatment methods
that are increasingly meeting the growing demand for the treatments the APAC
region is expected to become the fastest growing market for the Gastric Bypass.
Key
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. Industry/Innovation/Related News: June 12,
2018 – Scientists
at the Brigham and Women’s Hospital (USA) published the study of a pill they
have developed in the magazine - Nature Materials. According to the
scientists the pill can mimic the gastric bypass surgery and treat obesity and
diabetes further eliminating the need for the surgery. The pill is
administered orally, to temporarily coat the patient’s intestines with a
substance that reduces blood sugar levels. ‘LuCl’, the engineered substance is
called as and is evaluated to be effective in lowering the blood sugar response
post-meal. Also, this is a far less invasive option compared to gastric bypass
surgery, which has known positive effects on obesity and diabetes. |