According to the latest research by Future Market Insights, Gastric Bands Market is set to experience 4.1% growth during the year 2021-2031. The growth of gastric band market is attributed due to growing awareness about obesity treatments globally and advancements in MI proceedings along with there efficacy. Furthermore, a bariatric surgery is done with the usage of laparoscope. This helps in reducing hunger, which further helps in the reduction of the body weight.
What is driving Demand for Gastric Bands Market?
Major factor leading towards the positive growth of the gastric band devices market is the growing prevalence of obesity and diabetes, advanced healthcare structure, growing demand for laparoscopic bariatric surgeries and growing medical tourism in various developing countries. Furthermore, sedentary and changing lifestyle and various technological advancements in medical sector is one of the major factors for the growth of the gastric band devices market.
Moreover, Various product development and growing number of FDA approvals are attributed to offer lucrative opportunities for gastric band devices market over the forecast period.
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High Installation Cost is one of the major factor restraining the Gastric Band devices market
High installation cost and limited reimbursements rules and policies are considered to be one of the major factors pulling down the market growth over the forecast period.
Furthermore, less rate of weight loss as compared to other surgical procedures is hampering the market growth. Moreover, gastric band requires foreign device to remain working in the body, which is considered to be one of the factors hampering the market growth.
U.S. and Canada Gastric Bands Market Outlook
U.S. and Canada are expected to have the highest share and therefore will dominate the Gastric Bands Market. This is due to the increasing demand for the minimal invasive surgery proceedings, growing importance of healthcare sector and huge amount of population suffering from chronic diseases. Therefore, the demand for gastric band is rapidly increasing in this region.
For instance, according to American Society for Metabolic and Bariatric Surgery (ASMBS) nearly 216,000 bariatric surgery took place in U.S. out of which 3.4 % were relate to gastric bands.
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Europe Demand Outlook for Gastric Bands Market
The European market for veterinary home diagnostics is estimated to grow at a considerable rate during the forecast period. This surge in growth is due to the growing expenditure on people spending on reducing obesity and diabetes. along with growing awareness about various treatment options for the purpose of weight management are the major factor driving the regional growth of gastric bands market.
Who are the Key Manufacturers and Suppliers of Veterinary Home Diagnostics?
Some of the key players operating in the
Gastric Bands Market are Cousin Biotech
Medtronic
TransEnterix Surgical
Helioscopie Ethicon USA
LLC
Apollo Endosurgery Inc.
Murfreesboro Surgical Specialists
PLLC Inc
A.M.I. GmbH
Bariatric Partners Inc.
and Obtech Medical AG
Manufacturers in the market focus on carrying out certain strategic activities such as acquisitions and merger, expansion, product launch, etc.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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