Adjustable gastric band, commonly called a lap-band is an inflatable silicone device placed around the top portion of the stomach to treat obesity, intended to decrease food consumption. Adjustable gastric band surgery is a type of bariatric surgery designed for obese patients with a body mass index (BMI) of 40 and above or within the range of 35 and 40 in cases of patients with certain comorbidities that are known to improve with weight loss, such as sleep apnea, diabetes, osteoarthritis, GERD, hypertension (high blood pressure), or metabolic syndrome, among others. In February 2011, the United States Food and Drug Administration (FDA) has approved adjustable gastric bands to patients with a BMI between 30 and 40 and one weight-related medical condition, such as diabetes or high blood pressure. However, an adjustable gastric band may be used only after failure of other methods such as diet and exercise.
MARKET DYNAMICS
Adjustable Gastric Banding market is driving due to factors such as increasing prevalence of diabetes and obesity, high demand for minimally invasive surgeries & laparoscopic bariatric surgeries, better healthcare infrastructure, and increasing medical tourism in developing countries. However, factors such as, the high costs of gastric band device and limited reimbursement policies is expected to hamper the market growth.
MARKET SCOPE
The Adjustable Gastric Banding market analysis to 2028 is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of Adjustable Gastric Banding market with detailed market segmentation by product and end user. The Adjustable Gastric Banding market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in Adjustable Gastric Banding market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The Adjustable Gastric Banding market is segmented on the basis of product and end user. Based on product, the market is segmented as lap-band, realize band. Based on end user market can be segmented into Hospitals, Medical Diagnostic Center, Others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Adjustable Gastric Banding market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Adjustable Gastric Banding market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Adjustable Gastric Banding market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Adjustable Gastric Banding market in these regions.
MARKET PLAYERS
The report covers key developments in the Adjustable Gastric Banding market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Adjustable Gastric Banding market are anticipated to have lucrative growth opportunities in the future with the rising demand for Adjustable Gastric Banding in the global market. Below mentioned is the list of few companies engaged in the Adjustable Gastric Banding market.
The report also includes the profiles of key players in Adjustable Gastric Banding market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Aspire Bariatrics
- Olympus Corporation of the Americas
- Apollo Endosurgery
- Ethicon
- SpatzFgia
- Intuitive Surgical
- Mediflex Surgical Product
- ReShape Lifesciences
- GI Dynamics, Inc.
- TransEnterix, Inc.
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