(PharmaNewsWire.Com, January 07, 2018 ) The Global Bariatric surgery market is expected to reach USD 2.8 Billion by 2024 from USD 1.7 Billion in 2017, at a CAGR of 9.81%. Factors which are involved in the growth of Bariatric surgery market include increased awareness on health, increase in prevalence of Obesity, insurance Coverage and increase in long-term diseases due to Obesity.
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.
Globally, UAE holds the thirteenth position for high prevalence of obesity in children
Considering the report released by World Health Organization, UAE holds the thirteenth position in the world with high prevalence of the Obesity among children. On an Average 30% of the children aged 6-19 years are suffering from obesity and overweight problems. In UAE, 40% of the adult population is suffering from diabetes and heart problems.
UAE stands third in Middle East Countries for high obesity rate
As a result of evolving technology, North America dominates Bariatric surgery market followed by Europe. Among Middle East Countries, UAE holds the 3rd position with an Average Obesity rate of 38%. Because of the increased demand for Bariatric surgeries and increase in funds by the government for developing new surgical devices lead to a significant increase in the number of surgical industries throughout UAE.
The crucial drivers in the UAE Bariatric Surgery market include EnteroMedics, Endogastric Solutions, Medtronic, Allergan, TransEnterix, and USGI Medical among others.
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