NEW YORK, May 28, 2018 (GLOBE NEWSWIRE) — The obesity/bariatric surgery devices market size is projected to grow at a CAGR of 9.9% during 2017-2023, to reach $2.7 billion by 2023. The market is growing mainly due to rising awareness about bariatric surgery in obese population, increasing prevalence of obesity leading to high demand for obesity surgeries, technological advancements in the obesity surgery devices industry and lifestyle changes leading to high risk of obesity.
Request to get the sample pages: https://www.psmarketresearch.com/market-analysis/obesity-surgery-devices-market/report-sample
It has been observed that various lifestyle related changes increase the risk of developing obesity among general population. Some of these lifestyle changes include sedentary lifestyle and over consumption of junk food. With various technological innovations in the mechanical engineering field, machines have made life for humans easy. These innovations have also given rise to the sedentary attitude and a physically less active lifestyle, especially in the urban areas. Additionally, the eating habits of people in the urban areas have also changed over the past few decades, and the overall consumption of fast food has also increased with time. Therefore, people consuming large amount of junk foods on a daily basis are at an increased risk of developing obesity during their lifetime, further driving the growth of the obesity surgery devices market.
European obesity surgery devices market is projected to account for more than 20% of the worldwide market by 2023. The market growth in Europe is mainly attributable to the increasing aging population and rising number of surgical procedures performed for the treatment of obesity in the region. Among all the European countries, France is expected to project the fastest growth in the European obesity surgery devices market. The growth in the country is mainly due to the increasing prevalence of overweight and obesity, and high ratio of number of bariatric surgeries to the number of obese population in France as compared to other European countries.
Browse Report Description with Detailed TOC on â€śObesity/Bariatric Surgery Devices Marketâ€ť at: https://www.psmarketresearch.com/market-analysis/obesity-surgery-devices-market
The companies in the obesity surgery devices market are undergoing mergers and acquisitions to gain a larger market share and improve their position in the market. For instance, in October 2017, EnteroMedics Inc. acquired ReShape Medical, Inc. for a consideration payment of 2,356,729 shares of common stock, 187,772 shares of series C convertible preferred stock and approximatelyÂ $5.0 million in cash. The acquisition was aimed at combining the complementary expertise and capabilities of both companies to offer better.
Some of theÂ key manufacturers operating in the obesity surgery devices market include Johnson & Johnson, Medtronic plc, W. L. Gore & Associates Inc., Spatz FGIA Inc., Cousin Biotech and ReShape Lifesciences Inc. (formerly EnteroMedics Inc.).
More Reports by P&S Market Research
Anti-Obesity Drugs Market
Geographically, North America leads the global anti-obesity drugs market, due to high incidences of obesity, high healthcare expenditure, and increased awareness about obesity and obesity related risks among patients. In addition, the increasing involvement of government and non-government organizations to educate and aware people about the ill effects of obesity, and extensive research and development activities for the development of anti-obesity drugs are fueling the growth of the anti-obesity drugs market in North America.
About P&S Market Research
P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research-based consulting services across different industry/business verticals.
As one of the top growing market research agency, weâ€™re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.
P&S Market Research
347, 5th Ave. #1402
New York City, NY – 10016
Toll-free: +1-888-778-7886 (USA/Canada)