(PharmaNewsWire.Com, January 06, 2018 ) The major drivers of the market are increasing the prevalence of obesity, rise in awareness level and others.
Bariatric surgeries are used for weight loss by decreasing the enlarging capability of the abdomen to accommodate food with the method of gastric restriction and malabsorption. Moreover, increase in adoption of bariatric surgeries within the rising markets offers profitable opportunities for market growth. There are several types of devices used for obesity surgery in the market such as stapling devices, gastric bands, gastric balloons and others. Gastric balloons are anticipated to register the fastest market growth in the obesity surgery devices during the forecast period.
Sleeve gastrectomy surgery is increasing at a good pace
According to the application, Bariatric surgery market is segmented as gastric bypass surgery, sleeve gastrectomy surgery, and gastric banding surgery. Among these surgeries, sleeve gastrectomy surgery is said to be increasing with a good growth rate, owing to the advantages like reduced hunger, the highest percentage of weight loss and limiting the intake of food by stapling the stomach.
Mexico held the appreciable position in bariatric surgery market
Large-scale economic reforms are taken by the Mexican government which aims to help ensure the safety of investment operations. Mexico has served as a low manufacturing cost base with direct, duty-free access to the United States. There are certain challenges to the Mexican government such as comparatively high-interest rate for a country with a growing banking sector. US economy plays a vital role in Mexican economic stability. Many organizations are conducting obesity awareness programs to increase the awareness about various treatments available for obesity and other health conditions.
The major key players in Mexico bariatric surgery market are Intuitive Surgical, Johnson & Johnson, Medtronic, and EnteroMedics.
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