Gastric Bypass Market Overview, Share and Development by 2017-2023

Gastric bypass is one of the best-studied surgeries that can lead to several benefits including positive effects for sleep apnea, blood pressure, certain forms of cancer, and improvement in diabetes along with the remarkably fast weight reduction. During the multiple researches conducted, a drastic reduction (more than 90 percent) in new onset type 2 diabetes was found.

Acknowledging the growth, this market perceives currently; Market Research Future (MRFR) in its recently published study report asserts that the global Gastric Bypass market will grow exponentially by 2023; posting a CAGR of 6.1% during the review period (2017 – 2023). 

Factors substantiating the market growth include the rising prevalence of diabetes, obesity, and cardiovascular disease, and the increasing demand for minimally invasive procedures to treat these aforementioned diseases. Moreover, increasing uses of technologically advanced devices in the surgical procedure across the medical sector is the major factor driving the market growth.

Despite demonstrating the positive overall effects and strong benefits, there are some side effects associated with the gastric bypass which are hindering the market growth. For instance; suicidal tendencies are reported in people who have this surgery. Nevertheless, a full-fledged counselling session are conducted before and after the surgery highlighting the need for greater attention to patients’ psychological health.

Gastric Bypass Market – Geographical Analysis

The North America market dominates the global Gastric Bypass market commanding the largest market share, followed by Europe & Asia Pacific market, respectively. Factors substantiating the market growth in the region include the increasing prevalence of obesity and cardiovascular diseases, availability of healthcare specialty services and the presence of well-established market players and manufacturing set ups for the surgical devices.

The significantly growing market of the US backed by the well-developed technology and high healthcare expenditure accounts for the key contributor to the growth of the market in the region. Following the same growth trends in the future, the region is expected to retain its dominance.

Whereas, the Europe market for Gastric Bypass, holding the second position in global space, is growing due to the increasing diabetic population, extensive research & development activities in the field of gastroenterology along with the availability of funds for research.

Markets in India and China backed by the large diabetic patient pool and increasing number of specialty services, provide impetus to the market growth to an extent. Simultaneously, the growing penetration of healthcare insurance mainly in the countries such as Thailand, Malaysia, and Vietnam among the other South East Asian countries is expected to drive the Gastric Bypass market in the in the Asia Pacific region.

Increasing funding support from the private and public bodies are paying off well, increasing R&D activities, and eventually are supporting the market growth in the region. Owing to the availability of new treatment methods that are increasingly meeting the growing demand for the treatments the APAC region is expected to become the fastest growing market for the Gastric Bypass.

Article source: https://article-realm.com/article/Health-and-Fitness/12722-Gastric-Bypass-Market-Overview-Share-and-Development-by-2017-2023.html