- Cousin Biotech
- INTUITIVE SURGICAL
- ENDOGASTRIC SOLUTIONS
- ENTEROMEDICS
- Covidien PLC
- USGI Medical
- Olympus
- Johnson And Johnson
- ReShape Medical
- Ethicon-Endosurgery
(Note: The list of the major players will be updated with the latest market scenario and trends)
Recent developments by key players in Bariatric Surgery Devices Market:
In January 2022- In a first-of-its-kind procedure for the Telugu states, Apollo Hospital in Hyderabad, India announced on that it has just completed its first Full Robotic Bariatric surgery. Hibibo Abdulle Mohamed, a Somalian patient 40 years old who weighed a massive 180 kg and had several health issues, underwent the procedure.
The significant increase in obesity poses a hazard to humanity on a worldwide scale. Recently, medical technology has advanced to aid in the fight against the obesity epidemic. A body mass index (BMI) of more than 30 kg/m2 indicates obesity, which is associated with the formation of co-morbid disorders such as type 2 diabetes, hypertension, and sleep apnea. Studies show that overweight and obesity contribute to 2.8 million deaths annually. The traditional method of treating obesity has focused on medications and dietary & activity modifications, which typically yield extremely poor weight loss results. Additionally, there aren't many medications approved for the treatment of obesity and those that may have unfavorable side effects that decrease patient compliance. The IFSO urges individuals who have not responded to medical treatment for obesity to consider having bariatric surgery as a treatment option. Bariatric surgery offers superior advantages over non-surgical treatments in terms of weight loss and comorbidities associated with excess weight. The elements as mentioned above are projected to fuel the market growth for bariatric surgery devices. Furthermore, recent years have seen the development of novel data mining techniques, which show considerable promise. Intriguing insights are emerging through the application of AI-based technologies in business analytics, and these technologies are also becoming more prevalent in several healthcare subspecialties. AI algorithms have been implemented at every step of the clinical route for candidates for Bariatric Surgery, from presurgical assessment and intraoperative treatment through complications and outcome prediction. AI-enhanced technological advancements are projected to allow players to broaden their product offerings to appeal to a wider consumer base, boosting opportunities for this target market's revenue growth. However, risks associated with the treatment, such as excessive bleeding, infection, poor anesthesia reactions, blood clots, lung or breathing problems, and gastrointestinal system leakage, significantly impact the bariatric surgery device market. The risks mentioned above discourage potential patients from having bariatric surgery, which restricts the market's capacity to expand