Global Sleeve Gastrectomy Devices Market – Industry Trends and Forecast to 2029

Sleeve Gastrectomy Devices Market Analysis and Size

The rising prevalence of obesity and metabolic diseases like Type-2 diabetes is driving demand for minimally invasive (MI) bariatric procedures like sleeve gastrectomy. According to research analysis of the global sleeve gastrectomy devices market, one of the key reasons that would positively affect the growth of the sleeve gastrectomy devices market is the rising demand for MI operations in outpatient facilities. Patients undergoing laparoscopic sleeve gastrectomy procedures must spend fewer than 24 hours in the ASC. Additionally, the use of gastric band surgery devices is being curtailed by the availability of MI procedures like sleeve gastrectomy and minimally invasive treatments like intragastric balloon.

Data Bridge Market Research analyses that the sleeve gastrectomy devices market which was USD 2.0 billion in 2021, would rocket up to USD 3.16  billion by 2029, and is expected to undergo a CAGR of 5.90% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Report Scope and Market Segmentation

Market Definition

The sleeve gastrectomy is a surgical weight loss technique that reduces the amount of food that may be consumed by removing a portion of the stomach. It stimulates weight loss by altering hormonal signals between the stomach, brain, and liver, similar to other metabolic operations. According to a clinical investigation, surgery considerably reduces weight and raises blood pressure.

Global Sleeve Gastrectomy Devices Market Dynamics

Drivers

• Increasing investment for healthcare infrastructure

Another significant factor influencing the market growth rate is the rising healthcare expenditure which helps improve its infrastructure. Also, various government organizations aim to improve the healthcare infrastructure by increasing funding, which will further influence the market dynamics.

• Rise in obesity disorders

Increased awareness of obesity treatments, the incidence of disorders linked to obesity, and advancements in MI (Minimally Invasive) operations are the main drivers predicted to propel the sleeve gastrectomy devices market during the forecast period. Laparoscopic surgery is also becoming more popular as a result of its small incision and low financial load on patients in developing nations.

Opportunities

• Technological improvements

During the forecast period, the global sleeve gastrectomy devices market is expected to develop due to technological improvements, rising per capita income, rising personal care spending, and an increase in the prevalence of disorders linked to obesity.

Restraints/Challenges

On the other hand, the lack of reimbursement, and complication associated with the surgical procedure will obstruct the market's growth rate. The dearth of skilled professionals and lack of healthcare infrastructure in developing economies will challenge the sleeve gastrectomy devices market.

This sleeve gastrectomy devices market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the sleeve gastrectomy devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Sleeve Gastrectomy Devices Market Scope

The sleeve gastrectomy devices market is segmented on the basis of type, application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Tissue Closure Devices
• Dissection and Positioning Devices

Application

• Hospitals and Clinics
• ASCs and Obesity Centers

Sleeve Gastrectomy Devices Market Regional Analysis/Insights

The sleeve gastrectomy devices market is analysed and market size insights and trends are provided by country, type, application as referenced above.

The countries covered in the sleeve gastrectomy devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the sleeve gastrectomy devices market due to the increasing number of geriatric population along with adoption of innovative medical technology.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to increased spending on convenience foods, leading to lifestyle diseases such as obesity.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Healthcare Infrastructure growth Installed base and New Technology Penetration

The sleeve gastrectomy devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for sleeve gastrectomy devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the sleeve gastrectomy devices market. The data is available for historic period 2010-2020.

Competitive Landscape and Sleeve Gastrectomy Devices Market Share Analysis

The sleeve gastrectomy devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to sleeve gastrectomy devices market.

Some of the major players operating in the sleeve gastrectomy devices market are:

• Intuitive Surgical Inc (U.S.)
• Stryker (U.S.)
• Medrobotics Corporation (U.S.)
• Johnson & Johnson Private Limited (U.S.)
• Globus medical (U.S.)
• NuVasive Inc. (U.S.)
• Smith+Nephew (U.K.)
• Titan Medical Inc (Canada)
• TransEnterix Inc (U.S.)
• University of Pittsburgh Medical Center (U.S.)
• Mazor Robotics (Israel)
• Auris Health Inc. (U.S.)
• Corindus Inc. (U.S.)
• Renishaw plc (U.K.)

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