(PharmaNewsWire.Com, January 07, 2018 ) The Australia Bariatric surgery market is expected to reach USD 45.8 Billion by 2024 at a CAGR of 11.39%. The Factors which are involved in the growth of Bariatric surgery market include increased awareness on health, increase in the prevalence of Obesity, Insurance Coverage and Increase in long-term diseases due to Obesity.
Sleeve gastrectomy Surgery is increasing at a good pace in 2017
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 Australia holds the huge share of prevalence of obesity in Adults
Considering the report released by World Health Organization, Australia holds the third position in the world with high prevalence of the obesity in adults. Obesity is one of the biggest health issue faced by the people in Australia. More than half of the adult population have an excess body weight that causes serious health risks. In 2014-2015, nearly 63.4% of Australian adults were overweight and almost 10% are severely obese. Around 70% of obese adults are eventually troubled with a health condition such as heart disease, hypertension, stroke, musculoskeletal diseases, type-2 diabetes that increases their healthcare cost by 30%.
Australia holds the highest number of surgical industries in Bariatric surgery market.
Australia has the highest number of surgical industries owing to the increased demand for Bariatric surgeries and increases in funds by the government for developing new surgical devices lead to a significant increase in the number of surgical industries throughout Australia.
The crucial players in the Australia Bariatric Surgery market include EnteroMedics, Endogastric Solutions, Medtronic, Allergan, Johnson and Johnson, ReShape Medical Satiety, Intuitive Surgical and GI Dynamics.
•Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
•Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
•The Regional and Global Variety is taken care of in the report.
•Year on Year basis generation of revenue is studied.
•Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
•The overview and the sustainability of the market are analyzed through SWOT.
•DROC is recognized in the current market scenario and see how its effect on market dynamics.
•The segment-level analysis in terms of type and technology.
•The value chain analysis, value that's created and captured by a company is the profit margin. Value
•Created and Captured – Cost of Creating that Value = Margin
•An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
•Basis on the depth of the study we approach using analytical tools
•Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
About Us:
Envision Inteligence is the Main Supplier of Market Analysis Reviews, Customized Consulting Companies, Information Analytics and Trade Evaluation. Our purpose is to offer the correct data required by the stakeholder on the proper level of time, in a format which assists an clever and knowledgeable resolution making course of!
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Biotechnology & Pharmaceuticals resource center today to browse our selection of 600+ complimentary Biotechnology & Pharmaceuticals magazines, white papers, webinars, podcasts, and more. Get popular titles including:
