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Global Gastric Band Devices Market 2017-2021

Global Gastric Band Devices Market 2017-2021

About Gastric Band Devices

The global gastric band devices market is expected to grow at a moderate pace due to the rising awareness about obesity treatments and advances in MI procedures and their efficacy. However, complications associated with the gastric band, lack of reimbursement, and the inclination of medical professionals toward other bariatric surgical procedures hinder the growth of the market. A bariatric surgery is performed by using a laparoscope, where a gastric band device is implanted in the upper part of the stomach. This helps to reduce hunger, which, in turn, helps in reducing body weight.

Technavio’s analysts forecast the global gastric band devices market to grow at a CAGR of 3.74% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global gastric band devices market for 2017-2021. To calculate the market size, the report considers the revenue generated from sales, volume and value of gastric band devices.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Gastric Band Devices Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Apollo Endosurgery
  • COUSIN BIOTECH.
Other prominent vendors
  • Ethicon
  • Helioscopie
  • Millennium Surgical
  • MID (Médical Innovation Développement)
Market driver
  • Reduced complications by using laparoscopic adjustable gastric bands
  • For a full, detailed list, view our report
Market challenge
  • High cost of gastric band device and lack of reimbursement
  • For a full, detailed list, view our report
Market trend
  • Increase in MI surgeries and robotic systems
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Gastric Band Devices Market 2017-2021

Technavio recognizes the following companies as the key players in the global gastric band devices market: Apollo Endosurgery and COUSIN BIOTECH.

Other Prominent Vendors in the market are: Ethicon, Helioscopie, Millennium Surgical, and MID (Médical Innovation Développement).

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increase in MI surgeries and robotic systems. Laparoscopic MI procedures are gaining more attention from the patients, as these have revolutionized the surgical procedure by reducing hospital stay, recovery time, and postoperative pain. Surgeons often use robotics to perform complicated MI procedures because they allow precise movement of instruments and give a better view of the area than other techniques. Therefore, robotic surgeries are preferred over traditional open surgeries and are rapidly replacing bariatric surgeries.”

According to the report, one of the major drivers for this market is Reduced complications by using laparoscopic adjustable gastric bands. Laparoscopic bariatric surgeries reduce the complications associated with them by increasing patient safety and decreasing the rate of mortality. A study conducted by the Department of Surgical Sciences, Uppsala University, Sweden in 2014 showed that laparoscopic bariatric surgeries could reduce the rate of mortality compared with open surgeries. To reduce the post-surgery complications associated with sleeve gastrectomy, people are adopting gastric band devices. At present, the adoption of gastric band devices is low owing to the presence of non-invasive procedures such as an intragastric balloon. However, the demand for the gastric band is still growing in the market due to its enhanced clinical effectiveness.

Further, the report states that one of the major factors hindering the growth of this market is High cost of gastric band device and lack of reimbursement. Although gastric band device is a cost-effective way to reduce weight, it can increase cost burden on patients if the gastric band fails. In such cases, they require a revision surgery to remove the gastric band and perform other alternative surgeries such as sleeve gastrectomy. This surgery costs around $28,000 and prolongs the hospital stay.

Companies Mentioned

Apollo Endosurgery, COUSIN BIOTECH, Ethicon, Helioscopie, Millennium Surgical, and MID (Médical Innovation Développement).

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Bariatric surgery: Market dynamics analysis
      • Table Category of obesity and bariatric surgery
  • Market landscape
    • Market overview
    • Market size and forecast
      • Table Global gastric band devices market 2016-2021 ($ millions)
      • Table Market impact factors in global gastric band devices market 2016
      • Table Global gastric band devices market scenario analysis 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Table Global gastric band devices market by end-user 2016
    • Hospitals and clinics
      • Table Market impact analysis: Hospitals and clinics in Americas
      • Table Market impact analysis: Hospitals and clinics in EMEA
      • Table Market impact analysis: Hospitals and clinics in APAC
    • ASCs and obesity centers
      • Table Market impact analysis: ASCs in Americas
      • Table Market impact analysis: ASCs in Europe
      • Table Market impact analysis: ASCs in APAC
      • Table Buying criteria of gastric band devices
  • Geographical segmentation
    • Table Global gastric band devices market by geography 2016 and 2021 ($ millions)
    • Gastric band devices market in Americas
      • Table Market overview: Gastric band devices market in Americas
      • Table Obese population in 2000 and 2013 (%)
      • Table Gastric band devices market in Americas 2016-2021 ($ millions)
      • Table Gastric band devices market in Americas: Metric analysis in few countries
      • Table Key takeaway: Gastric band devices market in US
      • Table FDA approved gastric bands in US
    • Gastric band devices market in EMEA
      • Table Market overview: Gastric band devices market in EMEA
      • Table Obese population in some countries in Europe 2000 and 2013 (%)
      • Table Bariatric surgery in European countries
      • Table Gastric band devices market in EMEA 2016-2021 ($ millions)
      • Table Gastric band devices market in EMEA: Metric analysis in few countries
      • Table Market impact analysis of bariatric surgery and usage of gastric band devices in UK
      • Table Funding for different types of devices used for bariatric surgeries 2011-2013
      • Table Estimated post-operative excess weight loss in UK 2003-2013
    • Gastric band devices market in APAC
      • Table Market overview: Gastric band devices market in APAC
      • Table Increasing number of obese population in APAC in 2000 and 2013
      • Table Gastric band devices market in APAC 2016-2021 ($ millions)
      • Table Gastric band devices market in APAC: Metric analysis in few countries
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Government programs and funding for obesity in US
      • Table Government programs and funding for obesity in UK
      • Table Government programs and funding for obesity in New Zealand
      • Table Number of M&A between hospitals in US 2010-2015
    • Market challenges
      • Table Market impact analysis: Clinical studies on complications related to gastric band devices
  • Market trends
    • Rise in evidence-based studies
      • Table Evidence-based clinical study and market impact analysis
    • Growing use of robotic systems for gastric banding
    • Increasing medical tourism in emerging countries for bariatric surgeries
  • Vendor landscape
    • Competitive landscape
      • Table Competitive structure of global gastric band devices market
      • Table Competitive landscape analysis of global gastric band devices market 2016
      • Table Strategic recommendation for service providers in global gastric band devices market
  • Key vendor analysis
    • Apollo Endosurgery
      • Table Apollo Endosurgery: Strength assessment
      • Table Apollo Endosurgery: Strategy assessment
      • Table Apollo Endosurgery: Opportunity assessment
    • COUSIN BIOTECH
      • Table COUSIN BIOTECH: Strength assessment
      • Table COUSIN BIOTECH: Strategy assessment
      • Table COUSIN BIOTECH: Opportunity assessment
    • Other prominent vendors
      • Table Other prominent vendors: Global gastric band devices market
  • Appendix
    • List of abbreviations
  • Explore Technavio

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