Global Gastric Bands Market by Type (Adjustable Gastric Bands, Non-adjustable Gastric Bands), By Application (Hospital, Clinic, ASCs, Obesity Center) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
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.
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:
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.
Growth Factors For The Global Gastric Bands Market:
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 Scope
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 |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
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.
Global Gastric Bands Market Report Segments:
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:
- Apollo Endosurgery
- Cousin Biotech
- Ethicon
- Helioscopie
- Millennium Surgical
- Mediflex Surgical
- GI Dynamics
- Johnson and Johnson
- TransEnterix
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.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Gastric Bands Market
Overview of the regional outlook of the Gastric Bands Market:
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.
Highlights of The Gastric Bands Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Gastric Bands Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
- By Type:
1. Adjustable Gastric Bands
2. Non-adjustable Gastric Bands
7. By Application:1. Hospital
2. Clinic
3. ASCs
4. Obesity Center
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
Reasons to Purchase the Gastric Bands Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Gastric Bands Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Gastric Bands Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Gastric Bands Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Gastric Bands Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Gastric Bands Market Size & Forecast, 2018-2028
4.5.1 Gastric Bands Market Size and Y-o-Y Growth
4.5.2 Gastric Bands Market Absolute $ Opportunity
Chapter 5 Global Gastric Bands Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Gastric Bands Market Size Forecast by Type
5.2.1 Adjustable Gastric Bands
5.2.2 Non-adjustable Gastric Bands
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Gastric Bands Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Gastric Bands Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.2.3 ASCs
6.2.4 Obesity Center
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Gastric Bands Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Gastric Bands Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Gastric Bands Analysis and Forecast
9.1 Introduction
9.2 North America Gastric Bands Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Gastric Bands Market Size Forecast by Type
9.6.1 Adjustable Gastric Bands
9.6.2 Non-adjustable Gastric Bands
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Gastric Bands Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.10.3 ASCs
9.10.4 Obesity Center
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Gastric Bands Analysis and Forecast
10.1 Introduction
10.2 Europe Gastric Bands Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Gastric Bands Market Size Forecast by Type
10.6.1 Adjustable Gastric Bands
10.6.2 Non-adjustable Gastric Bands
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Gastric Bands Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.10.3 ASCs
10.10.4 Obesity Center
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Gastric Bands Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Gastric Bands Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Gastric Bands Market Size Forecast by Type
11.6.1 Adjustable Gastric Bands
11.6.2 Non-adjustable Gastric Bands
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Gastric Bands Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.10.3 ASCs
11.10.4 Obesity Center
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Gastric Bands Analysis and Forecast
12.1 Introduction
12.2 Latin America Gastric Bands Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Gastric Bands Market Size Forecast by Type
12.6.1 Adjustable Gastric Bands
12.6.2 Non-adjustable Gastric Bands
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Gastric Bands Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.10.3 ASCs
12.10.4 Obesity Center
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Gastric Bands Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Gastric Bands Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Gastric Bands Market Size Forecast by Type
13.6.1 Adjustable Gastric Bands
13.6.2 Non-adjustable Gastric Bands
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Gastric Bands Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.10.3 ASCs
13.10.4 Obesity Center
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Gastric Bands Market: Competitive Dashboard
14.2 Global Gastric Bands Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Apollo Endosurgery
14.3.2 Cousin Biotech
14.3.3 Ethicon
14.3.4 Helioscopie
14.3.5 Millennium Surgical
14.3.6 Mediflex Surgical
14.3.7 GI Dynamics
14.3.8 Johnson and Johnson
14.3.9 TransEnterix