Reports > Life Sciences > Gastric Band Devices Market Report
Gastric Band Devices Market Size, Share, Industry Trends and Forecast to 2033
This report offers a comprehensive analysis of the Gastric Band Devices market, covering insights into market trends, segmentation, regional analysis, and growth forecasts from 2023 to 2033.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $500.00 Million |
| CAGR (2023-2033) | 6% |
| 2033 Market Size | $908.32 Million |
| Top Companies | Allergan, Medtronic, Apollo Endosurgery, Ethicon |
| Last Modified Date | 15 Nov 2024 |
Gastric Band Devices Market Report (2023 - 2033)
Gastric Band Devices Market Overview
What is the Market Size & CAGR of Gastric Band Devices market in 2023-2033?
Gastric Band Devices Industry Analysis
Gastric Band Devices Market Segmentation and Scope
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Gastric Band Devices Market Analysis Report by Region
Europe Gastric Band Devices Market Report:
Europe's gastric band device market is also robust, starting with a size of $124.15 million in 2023 and projected to grow to $225.54 million by 2033. The region benefits from a well-established healthcare system and increasing acceptance of bariatric surgeries.Asia Pacific Gastric Band Devices Market Report:
The Asia Pacific region is expected to witness significant growth, driven by a rising prevalence of obesity and increased surgical interventions. The market size estimated at $101.30 million in 2023 is projected to grow to $184.03 million by 2033, reflecting a strong demand for gastric band devices.North America Gastric Band Devices Market Report:
North America holds a substantial share of the Gastric Band Devices market, with a market size of $170.65 million in 2023, forecasting growth to $310.01 million by 2033. High obesity rates, advanced healthcare infrastructure, and prominent bariatric centers drive this expansion.South America Gastric Band Devices Market Report:
In South America, market progress is steady, primarily influenced by an increase in healthcare access and awareness of obesity-related health risks. The market size of $40.95 million in 2023 is expected to reach $74.39 million by 2033.Middle East & Africa Gastric Band Devices Market Report:
In the Middle East and Africa, the market is expanding due to increasing healthcare investments and rising obesity rates. The market is forecasted to grow from $62.95 million in 2023 to $114.36 million by 2033.Request a custom research report for industry.
Gastric Band Devices Market Analysis By Device Type
Global Gastric Band Devices Market, By Device Type Market Analysis (2023 - 2033)
The market for Gastric Band Devices by device type is dominated by adjustable gastric bands, which account for approximately 86.78% of the market share in 2023, expected to maintain this position through 2033 with a market size increase from $433.90 million to $788.24 million. Non-adjustable gastric bands, while accounting for a smaller share at 13.22%, are projected to grow from $66.10 million to $120.08 million.
Gastric Band Devices Market Analysis By Surgical Technique
Global Gastric Band Devices Market, By Surgical Technique Market Analysis (2023 - 2033)
Laparoscopic surgery is the leading surgical technique segment within the Gastric Band Devices market, representing about 86.78% of the market in 2023 and anticipated to grow in response to minimal recovery times and lower complication rates. Open surgery comprises the remaining share, projected to increase from $66.10 million to $120.08 million.
Gastric Band Devices Market Analysis By Application
Global Gastric Band Devices Market, By Application Market Analysis (2023 - 2033)
In terms of applications, the weight loss segment dominates, currently holding 68.39% of the market share in 2023, expected to maintain its share through 2033. Bariatric surgery and other applications, such as specialized obesity treatments, also contribute effectively to market growth.
Gastric Band Devices Market Analysis By End User
Global Gastric Band Devices Market, By End-User Market Analysis (2023 - 2033)
Hospitals are the primary end-user for Gastric Band Devices, making up approximately 68.39% of the market share in 2023, predicted to grow from $341.95 million to $621.20 million. Clinics constitute a significant share as well, benefiting from advancements in outpatient surgeries.
Gastric Band Devices Market Analysis By Region
Global Gastric Band Devices Market, By Region Market Analysis (2023 - 2033)
Each region presents unique dynamics affecting the Gastric Band Devices market, with North America and Europe leading due to advanced healthcare and higher obesity rates. Emerging regions like Asia Pacific show promising potential due to rising awareness and increased health expenditures.
Gastric Band Devices Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Gastric Band Devices Industry
Allergan:
A leader in the gastric band device manufacturing sector, Allergan has developed innovative adjustable gastric bands, contributing significantly to market growth.Medtronic:
Medtronic specializes in advanced medical technologies and has a strong portfolio of bariatric solutions, including laparoscopic gastric band devices, enhancing patient outcomes.Apollo Endosurgery:
Apollo Endosurgery provides minimally invasive surgical solutions for weight loss, offering a range of gastric band products tailored for individualized patient care.Ethicon:
A part of Johnson & Johnson, Ethicon develops surgical devices and tools and has a strong presence in the market through its innovative bariatric solutions.We're grateful to work with incredible clients.
