The Global Gastric Bands Market size is expected to grow from USD 3.6 billion in 2018 to USD 10.2 billion by 2028, at an estimated CAGR of 12.8% during the forecast period (2021-2028). The increasing prevalence of obesity coupled with the need for weight loss management has led to a growth in demand for gastric bands globally over the past few years and this trend is expected to continue through 2028.
Gastric Bands are devices that decrease the size of the stomach to reduce appetite. The band is then tightened until it blocks off a small pouch from the rest of the stomach, which reduces food intake and makes you feel full faster.
Some people who have had gastric surgery also wear an adjustable or non-adjustable belt to keep their new weight in check after they've lost all unhealthy pounds. Gastric Bands are considered cosmetic surgeries because there's no medical need for them, but they're still performed every day all over the world in order to improve someone's looks and self-esteem as well as help with pain management issues like endometriosis.
On the basis of Type, the market is segmented into Adjustable Gastric Bands and Non-Adjustable Gastric Bands.
The adjustable gastric bands are filled with saline solution and can be adjusted for better weight management. They are the type of gastric bands that can be adjusted in various ways. This means they have the ability to adjust themselves for a more precise result and it is also possible to remove them if necessary, as opposed to other types of Gastric Bands which are permanent.
Adjustable Gastric Bands are used for both weight loss and surgical management of obesity. They can be adjusted as the patient progresses in their journey to weight loss, with the aim to restrict food intake by limiting stomach size or restricting how much a person feels full after eating. The adjustable gastric bands could also be removed if there is any complication that needs treatment; it should not affect other organs as they have been designed specifically for this purpose.
Non Adjustable Gastric Bands can be defined as a restrictive band that covers the stomach and restricts food intake. Non-Adjustable Gastric Bands are fitted externally to patients in a hospital or clinic setting, who need immediate relief from weight-related medical conditions caused by obesity.
Non-adjustable gastric bands use less invasive surgical procedures than adjustable gastric bands. The patient will be required to visit his doctor for adjustments every few weeks as he reduces excess body fat with an aim of eventually reaching their desired weight goal. Some Non-Adjustable Gastric Band devices have been designed to provide greater restriction such as Lap-Band system while others like Cambridge Weight Plan restrict only part of the stomach.
On the basis of Application, the market is segmented into Hospitals, Clinics, ASCs (ambulatory surgical centers), Obesity Centers, and Others segments. The hospital segment accounted for a major share in 2018 owing to its wider accessibility among patients. Additionally, obesity rates have been increasing at an alarming rate which has led to more than 600 million people worldwide being diagnosed as obese or overweight due to high-calorie intake per day from fast food joints and processed foods containing trans fats.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American region is the most lucrative market due to increasing health awareness among the population coupled with higher disposable income leading to high demand for surgery in this region.
The Asia Pacific market is expected to witness the highest CAGR during the forecast period. The growth in demand for gastric bypass surgery will play a key role in driving this region’s revenue generation over the forecast period. Thailand, China, and India are some of the major countries in the Asia Pacific that will drive this market over the next decade.
The European market is projected to be the second-largest over 2021-2028, mainly due to increasing healthcare expenditure in this region coupled with a high prevalence rate of obesity among adults and adolescents. The Latin American market will witness a decline during the forecast period. The unfavorable economic conditions combined with lower disposable income among consumers are some of the factors hampering growth in gastric bypass surgery procedures at present
The Middle East and Africa (MEA) represent the least lucrative market owing to limited awareness about weight loss surgeries coupled with low availability and access. As per WHO data, nearly 65% population across MEA is obese or overweight as compared to 20%-30% global average for developing regions.
The growth in this market can be attributed to the rise in the prevalence of obesity and associated metabolic disorders, growing demand for minimally invasive surgical procedures with lower risk factors, increasing awareness among patients about bariatric surgery as an effective treatment option for weight loss and its potential health benefits, high patient satisfaction rate due to improved quality of life following surgery, declining hospitalization costs after gastric banding procedure adoption by private healthcare providers (HCP), rising number of obese people seeking preventive measures such as diet control or surgeries. However, there are certain disadvantages that hinder the progress of Gastric Band Market Growth which include socioeconomic disparities across different countries, lack of awareness about the procedure and its benefits in developing nations.
Up Market Research published a new report titled “Gastric Bands Market research report which is segmented by Types (Adjustable Gastric Bands, Non-adjustable Gastric Bands), By Applications (Hospital, Clinic, ASCs, Obesity Center), By Players/Companies Apollo Endosurgery, Cousin Biotech, Ethicon, Helioscopie, Millennium Surgical, Mediflex Surgical, GI Dynamics, Johnson and Johnson, TransEnterix”.
|Report Attributes||Report Details|
|Report Title||Gastric Bands Market Research Report|
|By Type||Adjustable Gastric Bands, Non-adjustable Gastric Bands|
|By Application||Hospital, Clinic, ASCs, Obesity Center|
|By Companies||Apollo Endosurgery, Cousin Biotech, Ethicon, Helioscopie, Millennium Surgical, Mediflex Surgical, GI Dynamics, Johnson and Johnson, TransEnterix|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||228|
|Number of Tables & Figures||160|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Adjustable Gastric Bands, Non-adjustable Gastric Bands and By Application Hospital, Clinic, ASCs, Obesity Center.
Some of the companies that are profiled in this report are:
Gastric Bands Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Gastric Bands Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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