The global bariatric surgery devices market is expected to see rapid growth over the next few years, according to a report by Grand View Research.
Here are seven trends:
1. The market is expected to reach $2.8 billion by 2022.
2. Gastric bypass surgery dominated the market in 2014 due to its early adoption.
3. The sleeve gastrectomy surgery is expected to see a rapid increase in demand due to the procedure's incision-less nature.
4. In 2014, North America was the largest regional market with revenue share estimated at over 50 percent.
5. Europe was the second largest market in 2014.
6. Increasingly, manufacturers are conducting collaborative studies to examine the effect of surgeries on comorbidities.
7. Key players of this market include Covidien, Intuitive Surgical, Allergan, USGI Medical and GI Dynamics.