Global Laparoscopic Gastric Bypass Surgery Equipment Market Opportunities and Forecast 2023-2030

Laparoscopic Gastric Bypass Surgery Equipment Market Overview

The global Laparoscopic Gastric Bypass Surgery Equipment market is expected to grow at a moderate rate during the forecast period. Growing incidence rates of obesity in combination with the adoption of sedentary lifestyle, mainly excessive intake of calories help in the growth of the market. In addition, the increase in awareness regarding the need for having an appropriate ratio of Body Mass Index would help the laparoscopic gastric bypass surgery equipment market to grow. Furthermore, there has been an increase in the advancements in the equipment used for gastric bypass surgery, propelling the market growth during the forecast period.

Moreover, government support and growing awareness about unhealthy food and drinks accessibility is a key aspect expected to boost the growth of the Laparoscopic Gastric Bypass Surgery Equipment market in near future. In addition to this, growing health care expenditure is further driving the expansion of this market globally.

On the other hand, the high cost of laparoscopic gastric bypass surgery along with the challenges associated with the handling of equipment is expected to hamper the global Laparoscopic Gastric Bypass Surgery Equipment market during the forecast period.

Covid-19 Impact on Laparoscopic Gastric Bypass Surgery Equipment Market:

In addition, the current Laparoscopic Gastric Bypass Surgery Equipment Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Laparoscopic Gastric Bypass Surgery Equipment Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.

The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.

Laparoscopic Gastric Bypass Surgery Equipment Market Segment Overview

According to types, the market is segmented into sleeve gastrectomy equipment, adjustable gastric banding, vertical banded gastroplasty equipment, and others. Among these sleeves, gastrectomy equipment holds the largest share of the market mainly because it offers various advantages such as effectiveness and minimally invasive nature of the equipment.  The sleeve gastrectomy is observed to be more effective than the gastric band and needn’t require placement of a foreign device or needle adjustments which the band does. These advantages over other equipment or accessories would help the segment gain higher revenue shares during the forecast period.

Based on end-user, the market is categorized into bariatric surgical centres, hospitals, and others. Furthermore, the hospital's segment is expected to grow at the highest rate in the coming years. This owes to the growth in the flow of outpatients and inpatients boosting the demand for Laparoscopic Gastric Bypass Surgery Equipment in the hospital segment globally. In addition, the availability of advanced equipment would help the segment gain traction in the laparoscopic gastric bypass surgery equipment during the forecast period.

Market Analysis, Insights and Forecast – By Types

·       Sleeve Gastrectomy Equipment
·       Adjustable Gastric Banding
·       Vertical Banded Gastroplasty Equipment
·       Others

Market Analysis, Insights and Forecast – By End User

·       Bariatric Surgical Centres
·       Hospitals
·       Others

Laparoscopic Gastric Bypass Surgery Equipment Market Regional Overview

Region-wise, North America dominated the global Laparoscopic Gastric Bypass Surgery Equipment market and is expected to continue its dominance during the forecast period. Factors such as increase in government-supported funding and investment for accomplishing research activities and growth in investment undertaken by the industry players to assess the efficiency of surgeries to treat obesity around the world would help the market grow during the commenced period. In addition, increase in health care expenditure fuels the growth of the market in North America. Additionally, Asia Pacific is also expected to account for the fastest growth in the global market owing to well-established health care infrastructure. Factors such as presence of the targeted population, rising awareness about health, a surge in investment in healthcare sectors, and growing adoption of laparoscopic gastric bypass surgery equipment are expected to escalate the growth of the Laparoscopic Gastric Bypass Surgery Equipment market in the Asia Pacific region.

Laparoscopic Gastric Bypass Surgery Equipment Market, By Geography

·       North America (US & Canada)
·       Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
·       Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
·       LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)

Laparoscopic Gastric Bypass Surgery Equipment Market Competitor overview

Some key developments and strategies adopted by manufacturers in the Laparoscopic Gastric Bypass Surgery Equipment are highlighted below.

·       In May 2021, Standard Bariatrics announced that its novel Titan SGS stapling technology, designed specifically for bariatric sleeve surgery, has been cleared by the US Food and Drug Administration (FDA).

Laparoscopic Gastric Bypass Surgery Equipment Market, Key Players

·       Medtronic
·       Intuitive Surgical
·       Ethicon Inc.
·       Apollo Endosurgery Inc.
·       Integra Life Sciences Holding Corporation
·       Aspire Bariatrics Inc.
·       Covidien Plc
·       Olympus Corporation
·       ReShape Lifesciences
·       Allergan
·       Silimed Ltd.