HOME Research Insight Product Launches & Approvals; Acquisitions; and Partnerships, Agreements, and Collaborations were the Key Strategies Adopted by the Bariatric Surgery Devices Market Key Players Between 2015 and 2018.



Product Launches & Approvals; Acquisitions; and Partnerships, Agreements, and Collaborations were the Key Strategies Adopted by the Bariatric Surgery Devices Market Key Players Between 2015 and 2018.


The global bariatric surgery devices market is projected to reach USD 2.16 Billion by 2023 from an estimated value of USD 1.64 Billion in 2018, at a CAGR of 5.7%. The bariatric surgery devices market is rapidly emerging with many regional as well as international companies. Players in this market compete with each other to deliver minimally invasive and non-invasive medical equipment which are of superior quality for weight-loss surgeries. In 2017, the bariatric surgery devices market was dominated by a few large players, namely, Ethicon (US), Medtronic (Ireland), Intuitive Surgical (US), and Apollo Endosurgery (US).

Product Launches & Approvals; Acquisitions; and Partnerships, Agreements, and Collaborations were the Key Strategies Adopted by Key Players Between 2015 And 2018. The players that adopted these strategies are Ethicon (US), Medtronic (Ireland), Intuitive Surgical (US), Apollo Endosurgery (US), ReShape Lifesciences (US), Aspire Bariatrics (US), and Olympus Corporation of the Americas (US).

Ethicon held the first position in the global bariatric surgery devices market in 2017. Its leading position in the market is attributed to its wide and diverse portfolio of minimally invasive instruments and equipment for bariatric surgery. The company’s product portfolio includes advanced stapling devices, suturing devices, and energy devices for gastric bypass and laparoscopic sleeve gastrectomy, the two most commonly performed procedures for weight loss. The company undertook organic and inorganic growth strategies to improve its market share. For instance, in 2017, the company launched its ECHELON FLEX GST System and PROXISURE advanced suturing system in order to strengthen its existing product portfolio. The firm also collaborated with Google’s Life Sciences’ team, in 2015, for evolving surgical robotics, thus, aiming to enhance surgical procedures.

Medtronic was also a major contributor to the global bariatric surgery devices market in 2017. The company offers a comprehensive range of bariatric & metabolic health products through its Minimally Invasive Therapies Group. To maintain its leading position in the market and increase its customer base, the company mainly focuses on product launches and partnerships. For instance, in 2017, the firm launched its new Signia Stapling System, an addition to its surgical stapling segment. Similarly, the company partnered with American Well (US), in 2017, to enhance patient service by allowing them access to American Well's telemedicine services on Medtronic Care Management Services video-enabled platforms.

Some of the other players competing in this market are Intuitive Surgical (US), Apollo Endosurgery (US), ReShape Lifesciences (US), Aspire Bariatrics (US), Mediflex Surgical Products (US), Spatz FGIA, Inc. (US), Cousin Biotech (France), and Olympus Corporation of the Americas (US).

Related Reports:

Bariatric Surgery Devices Market by Type (Minimally Invasive (Stapling, Suturing), Non-Invasive), Procedure (Sleeve Gastrectomy, Gastric Bypass, Revision Surgery, Adjustable Gastric Banding, Mini Gastric Bypass) - Global Forecast to 2023

Contact:
Mr. Rohan
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441 
sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports