(PharmaNewsWire.Com, January 08, 2018 ) The Brazil Bariatric surgery market is expected to reach USD XX Billion by 2024 from USD XX Billion in 2017, at a CAGR of XX%. The major factors which are involved in the growth of Bariatric surgery market are the increase in awareness level 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
According to the application, Bariatric surgery market is segmented as gastric bypass surgery, sleeve gastrectomy surgery and gastric banding surgery. Among these bariatric 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.
In Brazil, public sector got the highest priority for bariatric surgery
The obesity rates in Brazil are raised from 17.57% in 2018 to 25.96% in 2024. According to National survey 11% of the female population and 7.5% of adult population have BMI (Body Mass Index) greater than 35kg/m3. In Brazil, around 6million people are suffering from obesity and are eligible for bariatric surgery. Among them, 4 million people are benefited by this type of surgery. 75% of the total population are preferring public sector for bariatric surgery. Due to this reason, public sector holds the foremost position among all other sectors.
Brazil accommodates the highest share in Bariatric surgery market
In market segmentation by geography South America shows the dominance over other regions followed by Europe. Rising demand for bariatric surgeries and growing number of people who are suffering from obesity are the major constraints responsible for the growth of bariatric surgery market in Brazil.
The top players in Brazil Bariatric Surgery market are GI Dynamics Inc., Covidien Plc, Johnson & Johnson, Intuitive Surgical Inc., Allergan Inc., USGI Medical Inc.,
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