(PharmaNewsWire.Com, January 08, 2018 ) The South Korea Bariatric surgery market is expected to reach USD 45.8 Billion by 2024 from USD 26.9 Billion in 2017, at a CAGR of 11.39%. 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 steady growth rate, owing to the advantages like reduced hunger, highest percentage of weight loss and limiting the intake of food by stapling the stomach.
Globally, South Korea has the least problems for prevalence of obesity in children Considering the report released by World Health Organization, the obesity problem is minimum in the South Korea. On an Average 0.7% of the children are suffering from obesity and overweight problems.4% of the East Asia nations between the ages of 21 and 79 is suffering from diabetes and heart problems.
South Korea holds the highest number of surgical industries among East Asia Nations Among East Asia Nations, South Korea has the highest number of surgical industries owing to the increased demand for Bariatric surgeries and increase in funds by the government for developing new surgical devices lead to a significant increase in number of surgical industries throughout South Korea. The crucial drivers in the South Korea Bariatric Surgery market include Intuitive Surgical, Medtronic, Allergan, TransEnterix, EnteroMedics, Endogastric Solution and USGI Medical among others.
Scope Of The Report •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.
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