Gastric Band Devices Market Analysis | Europe | 2017-2023 | MedCore
Until 1980, fewer than one in ten people were obese. Since then, incidence rates have doubled or tripled. Although growth rates have declined from their historic highs, bariatric surgery is still the fastest growing procedure in laparoscopy. Bariatric surgery, also known as metabolic surgery, is a surgical procedure that removes parts of the stomach or small intestine to induce weight loss. Gastric banding is the least invasive form of bariatric surgery, and is performed laparoscopically. The gastric band is an inflatable silicone band that is placed around the top exterior portion of the stomach. This placement reduces the size of the stomach pouch, thereby restricting the amount of food that the stomach can hold. The band also increases the amount of time required for food to enter the stomach, giving the opportunity for the sense of satiety to be met with the release of peptide YY.
- Year: 2017
- Scope: 2013-2023
- Region: Europe
- Published Date: 8/1/2017
- Pages: 139
- Type: MedCore
The gastric band market has been decreasing rapidly since 2008 with the advent of new and more efficient procedures such as gastric balloons, sleeve gastrectomy and gastric bypass. Most surgeons find that the newer procedures are safer and more profitable compared to gastric bands. In addition, gastric bands requires a follow-up appointment up to three times a year over a two year period. The surgeons that still use gastric bands are the older and more traditional surgeons.
Obesity is considered by multiple leading health organizations such as the Center for Disease Control (CDC) as a prevalent disease both globally and in the United States. According to the CDC, over the past 25 years there has been a considerable increase in the incidence of obesity. The prevalence of obesity has grown at such a rate that bariatric surgery is the fastest growing laparoscopic procedure in Europe.
Segments Covered in This Market
- Gastric Band Device Market
Report Data Types Included
- Unit Sales, Average Selling Prices, Market Value & Growth Trends
- 10 Year Scope (3 Year Historical + 7 Year Forecast Period)
- Market Drivers & Limiters for Each Segment
- Competitive Analysis with Market Shares
- Product Portfolios
- Related Press Releases from Top Competitors
Apollo Endosurgery announced the acquisition of Allergans obesity intervention division. Apollo Endosurgery has since acquired ownership rights of the LAP-BAND® and ORBERA devices. Apollo Endosurgery was the market leader in 2016. As this is a declining market, there should be no real changes in this market and Apollo Endosurgery should maintain their lead. Other companies include Helioscopie and MID.
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This MedCore is also found in the full report suite titled Europe Market Report Suite for Laparoscopic Devices – MedSuite
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