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Global Sleeve Gastrectomy Devices Market 2017-2021

Global Sleeve Gastrectomy Devices Market 2017-2021

About Sleeve Gastrectomy Devices

Sleeve gastrectomy is the surgical weight loss procedure, in which about 15% of the stomach size is reduced resulting in low appetite for patients. Based on product, the market is segmented into tissue closure devices, and dissection and positioning devices. The global sleeve gastrectomy devices market is expected to grow at a high growth rate during the forecast period due to the rising awareness about obesity treatments and advances in MI procedures and their efficacy. However, complications associated with the procedure, lack of reimbursement, and the inclination of medical professionals toward other bariatric surgical procedures hinder the market growth. Obesity is a growing concern, which is increasing the demand for surgical weight loss procedures. Laparoscopic bariatric surgery has a growing demand in the market, owing to minimal incision, medical tourism, and less cost burden on patients in emerging economies.

Technavio’s analysts forecast the global sleeve gastrectomy devices market to grow at a CAGR of 13.53% during the period 2017-2021 .

Covered in this report

The report covers the present scenario and the growth prospects of the global sleeve gastrectomy devices market for 2017-2021 . To calculate the market size, the report considers the sales/volume/value of sleeve gastrectomy devices.

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

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Sleeve Gastrectomy 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
  • Johnson & Johnson Services
  • Medtronic
Other prominent vendors
  • Baxter
  • Changzhou Ankang Medical Instruments
  • Dextera Surgical
  • Grena
  • MID
  • Silex Medical
Market driver
  • Increasing demand for MI procedures in outpatient facilities
  • For a full, detailed list, view our report
Market challenge
  • Lack of reimbursement
  • For a full, detailed list, view our report
Market trend
  • Growing use of robotic systems in sleeve gastrectomy procedures
  • 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?


Press Release

Technavio Announces the Publication of its Research Report – Global Sleeve Gastrectomy Devices Market 2017-2021

Technavio recognizes the following companies as the key players in the global sleeve gastrectomy devices market: Johnson & Johnson Services and Medtronic

Other Prominent Vendors in the market are: Baxter, Changzhou Ankang Medical Instruments, Dextera Surgical, Grena, MID, and Silex Medical.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Rise in medical tourism. Medical tourism is one of the most potent drivers in the global sleeve gastrectomy devices market. The high procedure cost of the sleeve gastrectomy procedures in the developed countries such as the US, Germany, France, and Canada created a demand for medical tourism in the market. Medical tourism helps in generating high revenue for the developing economies such as India, Italy, and Thailand. The sleeve gastrectomy procedures are low-cost procedures compared with the other bariatric procedures such as gastric bypass surgical procedures.”

According to the report, one of the major drivers for this market is Increasing demand for MI procedures in outpatient facilities. The rising incidence of obesity and metabolic conditions such as Type-2 diabetes have increased the demand for MI bariatric surgeries such as sleeve gastrectomy in the market. Laparoscopic sleeve gastrectomy surgeries can be performed in the outpatient facilities. For this procedure, the patient is required to stay in the ASC for less than 24 hours. However, for some complicated cases, the stay can increase to 2-3 nights. The adoption of gastric band devices is low due to the presence of non-invasive procedures such as intragastric balloon and MI procedures such as sleeve gastrectomy in the market. However, owing to the better clinical effectiveness, there is a rising demand for sleeve gastrectomy devices in the market.

Further, the report states that one of the major factors hindering the growth of this market is Lack of reimbursement. There are limited reimbursements for the sleeve gastrectomy devices in the market, which hampers their adoption. Developed countries such as publicly funded Canada and the US provide medical coverage to the patients undergoing sleeve gastrectomy. In the US, the CMS covers only 20% of the total bariatric cost. Also, the waiting time to conduct bariatric surgery in Canada and the UK is high, which impacts the market growth. In Brazil, total costs of medications and examinations due to RYGB and sleeve gastrectomy decrease progressively with years after surgery. In Spain, the clinical pathway for bariatric surgery, hospitalization complication rates were reduced by 25% and admission costs were reduced by 14%. In France, Germany, Austria, and Italy bariatric surgery was more cost-effective over a five-year period than standard medical management of Type-2 diabetes. In Canada, Finland, and Portugal bariatric surgery was found to be more cost-effective than conventional procedures.

Companies Mentioned

Johnson & Johnson Services, Medtronic, Baxter, Changzhou Ankang Medical Instruments, Dextera Surgical, Grena, MID, Silex Medical

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Category of obesity and bariatric surgery
  • Market landscape
    • Market overview
      • Table Global sleeve gastrectomy devices market: Overview 2016-2021
    • Market size and forecast
      • Table Global sleeve gastrectomy devices market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Market overview
      • Table Global sleeve gastrectomy devices market by product: Overview
    • Tissue closure devices
      • Table Global tissue closure devices market 2016-2021 ($ millions)
      • Table Global tissue closure devices market: Year-over-year growth 2017-2021 (%)
    • Dissection and positioning devices
      • Table Global dissection and positioning devices market 2016-2021 ($ millions)
      • Table Global dissection and positioning devices market: Year-over-year growth 2017-2021 (%)
  • Market segmentation by end-user
    • Market overview
      • Table Global sleeve gastrectomy devices market by end-users: Overview
    • 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
  • Regional landscape
    • Geographical segmentation
      • Table Global sleeve gastrectomy devices market: Segmentation by geography 2016-2021 (%)
    • Regional comparison
      • Table Global sleeve gastrectomy devices market: Regional comparison
    • Americas
      • Table Sleeve gastrectomy devices market in Americas: Overview 2016-2021
      • Table Sleeve gastrectomy devices market in Americas 2016-2021 ($ millions)
      • Table Cost analysis for sleeve gastrectomy procedures in Americas
      • Table Sleeve gastrectomy devices market in Americas: Year-over-year growth 2017-2021 (%)
      • Table Sleeve gastrectomy devices market in Americas: Top 3 countries
      • Table Proportional overweight population in US
      • Table Proportional overweight population in Canada
    • EMEA
      • Table Sleeve gastrectomy devices market in EMEA: Overview 2016-2021
      • Table Sleeve gastrectomy devices market in EMEA 2016-2021 ($ millions)
      • Table Sleeve gastrectomy devices market in EMEA: Year-over-year growth 2017-2021 (%)
      • Table Sleeve gastrectomy devices market in EMEA: Top 3 countries
      • Table Proportional overweight population in France
      • Table Proportional overweight population in Spain
    • APAC
      • Table Sleeve gastrectomy devices market in APAC: Overview 2016-2021
      • Table Sleeve gastrectomy devices market in APAC 2016-2021 ($ millions)
      • Table Sleeve gastrectomy devices market in APAC: Year-over-year growth 2017-2021 (%)
      • Table Sleeve gastrectomy devices market in APAC: Top 3 countries
      • Table Proportional overweight population in Australia
    • Market opportunity
  • 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
    • Market challenges
  • Market trends
    • Growing use of robotic systems in sleeve gastrectomy procedures
    • Rise in medical tourism
      • Table Cost comparison between sleeve gastrectomy and gastric bypass procedures in few countries
    • Introduction of Touch Surgery Simulations in emerging markets
  • Vendor landscape
    • Competitive scenario
      • Table Competitive structure of global sleeve gastrectomy devices market 2016
      • Table Strategic success factors of companies in global sleeve gastrectomy devices market
  • Key vendor analysis
    • Johnson & Johnson Services
      • Table Johnson & Johnson Services: Key highlights
      • Table Johnson & Johnson Services: Strength assessment
      • Table Johnson & Johnson Services: Strategy assessment
      • Table Johnson & Johnson Services: Opportunity assessment
    • Medtronic
      • Table Medtronic: Key highlights
      • Table Medtronic: Strength analysis
      • Table Medtronic: Strategy assessment
      • Table Medtronic: Opportunity assessment
    • Key company to watch
      • Table Gore Medical: Company analysis
      • Table Intuitive Surgical: Company analysis
    • Other prominent vendors
      • Table Global sleeve gastrectomy devices market: Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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