Gastric Bands Market Analysis | United States | 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: United States
- Published Date: 9/1/2017
- Pages: 125
- Type: MedCore
Massive declines in market growth of the gastric devices were first observed in 2008, as many
surgeons switched to gastric bypass and sleeve gastrectomy procedures. Surgeons felt that the fitting of a
gastric band was not only more dangerous than a sleeve gastrectomy or gastric bypass procedure, but not as profitable as the other options. Unlike a sleeve gastrectomy procedure, which does not require any follow up, the fitting of a gastric device requires the surgeon to check up on the patient up to 3 times a year over a 2-year period in order to monitor patient progress. Although this arrangement is beneficial for the patient, surgeons find that these follow-ups are not cost-effective, and subsequently default to the sleeve gastrectomy procedure. The decrease was mostly due to drastic declines in unit sales, and partly due to small decreases in ASP.
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.
Segments Covered in This Market
- Gastric Band Market
- Gastric Balloon 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
Appollo Endosurgery entered this market through a strategic acquisition. On October 29, 2013, Apollo Endosurgery announced the acquisition of Allergans obesity intervention division for $110 million. Apollo Endosurgery has since acquired ownership rights of the LAP-BAND® and ORBERA devices. ReShape Medical offers the ReShape® Dual Weight Loss Balloon which received FDA-approval in August 2015, around the same time as the ORBERA. Ethicon brought innovation into their product line in 2007, introducing the REALIZE Band-C, which accommodates larger patients and has a relockable closure for repositioning.
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This MedCore is also found in the full report suite titled U.S. Market Report Suite for Laparoscopic Devices – MedSuite
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