Global Anti-Obesity Devices Market Projected To Grow With Significant CAGR Over The Forecast Period
Posted: May 03, 2018
Gastric bands and anti-obesity devices market: Obesity is a medical condition where there is abnormal fat accumulation in the body which leads to a negative effect on the health. According to World Health Organization (WHO), a person with BMI (body mass index) more than 30 is considered as obese. Obesity can lead to many chronic diseases such as cardiovascular diseases, diabetes, osteoarthritis, etc. which can be harmful to a long-term life. Obesity is mainly caused to sedentary lifestyle habits such as excessive food intake, lack of physical activity, absence of exercises, genetic inheritance and can also be sometimes associated with other metabolic disorders such as endocrine disorders, medications, etc. while there are several anti-obesity devices which are approved by USFDA, it is advisable to start taking care of food habits and changing the sedentary lifestyle to active.
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According to WHO, obesity has doubled since 2015, leading to increasing number of the younger generation are obese. Demand for less invasive procedures for obesity treatment, approvals from USFDA for newer products for obesity treatment has significantly affected the growth of the anti-obesity devices market. However, some of the side effects include product failure, unavailability of the medications, etc. can hamper the growth of the anti-obesity devices market in the future.
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Anti-obesity treatment market are categorized as further-
1. Product type
- Gastric Bands
- Electrical Stimulation System
- Gastric Balloon System
- Gastric Emptying System
- Appetite Suppressors
2. Method of deployment
Hospitals, gastroenterology clinics and ambulatory surgical centers
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And geographical, anti-obesity devices market are divided as- North America, Europe, Middle East and Africa, Latin America and Asia-Pacific. North America dominates the market owing to the highest number of obese patients. According to the American Heart Association, 70% American adults are either overweight or obese. Following that, in Europe about 50% of adults are suffering from obesity, these are the main anti-obesity devices market due to increasing number of the obese patients. Higher investments are needed to fulfill the healthcare industries in order to provide them best of the facilities and medications, this all can lead to increase in the market growth for anti-obesity devices. Some of the key players in the anti-obesity devices market are Apollo Endosurgery, Inc. (US), Aspire Bariatrics Inc. (US), Obalon Therapeutics Inc. (US), Enteromedics Inc. (US), etc. In 2017, GI Dynamics Inc.’s EndoBarrier was granted reimbursement status 1 for Type-2 diabetes and obesity therapy.
Since the global anti-obesity devices market is still in initial stages, many local and international companies are operating and making their place in the market. The market is expected to dominate with obesity treatment which will be less in cost, easier administration and minimal invasive will definitely open up the market for anti-obesity devices. For e.g. in 2015, FDA approved Entromedics Inc.’s Vbloc Maestro system to treat morbid level of obesity. In addition to that Allergan got approved for Lap-land, an anti-obesity device which is an adjustable gastric band used to treat obesity.
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