European Markets for Obesity Surgery Devices

Frost & Sullivan
June 22, 2005
SKU: MC1130542
License type:
Countries covered: Europe

European Markets for Obesity Surgery Devices

 

Rising Concern Regarding Obesity as a Major Disease Drives Market Growth

The World Health Organisation’s (WHO) report on obesity concludes that there has been an increase in the occurrence of this condition by about 10-40 per cent in most of the European countries over the past decade. With obesity reaching epidemic proportion, there is tremendous scope for the development of new technologies and solutions that can help counter its impact. Although obesity surgeries have gained many takers over the past few years, the changing healthcare structures and reimbursement infrastructure across Europe have limited their widespread popularity. As the European Union and the different national healthcare organisations start recognising the increasing proportion of obese population and the danger of co-morbidities (associated disease such as hypertension, type II diabetes and cardiovascular diseases, among others), new obesity management initiatives are expected to bolster further acceptance of these surgeries.

This Frost & Sullivan research service analyses the European markets for obesity surgery devices, segmenting them into adjustable gastric banding gastric bypass, vertical banded gastroplasty, gastric stimulator and intragastric balloon devices. It also discusses the various market trends and opportunities while providing in-depth analysis of market share, forecasts, drivers, restraints and revenues. The comprehensive focus of this study will enable companies to align their positioning strategies to benefit from the changing markets and obtain maximum return on investment.

Obesity Surgery Devices Proving to be a Growing Market

In 2004, adjustable gastric banding (AGB) emerged as the most popular procedure in Europe, registering the highest revenue growth among the segments of the European obesity surgery devices market and was followed by gastric bypass (GB). Being a more drastic and malabsorptive procedure that requires more recovery time compared to AGB, the European market for GB is still in a growing stage. However, GB has proven to be marginally more effective during long-term treatment of morbid obesity and combating co-morbidities such as type II diabetes.

Participants can drive future growth by providing customers with long-term solutions and specialised medical support after obesity surgeries. "Surgeon training has become vital to increase the efficiency of obesity surgeries," says the analyst of this research. "The ability to provide follow-ups and to recommend support for post-operative maintenance has become a significant challenge in the provision of these surgeries."

Increasing Interest Shown by Venture Capitalist Firms

In recent years, venture capitalists have increased their funding for a number of start-ups catering to the moderately obese population, where the risk of surgery is lower and where technological solutions such as the gastric stimulator and intragastic balloon devices can result in moderate weight loss. "Interest by venture capitalists means greater technological advances, more competition in the provision of solutions and, eventually, an expansion of the market in terms of its scope and application," says the analyst.


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