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(EMAILWIRE.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 the prevalence of Obesity, insurance Coverage and increase in long-term diseases due to Obesity.
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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, United Kingdom holds the sixth position for high prevalence rate of Obesity
Considering the report released by World Health Organization, United Kingdom holds the second position in the European Union and sixth position throughout the world for the high prevalence rate of Obesity. On an Average 67% of the men and 57% of the women are suffering from Obesity and overweight problems. In the United Kingdom, 27% of the children are suffering from diabetes and heart problems.
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The United Kingdom holds a large number of obese people among Western European Nations
As a result of evolving technology, North America dominates Bariatric surgery market followed by Europe. Among Western European nations, United Kingdom has 25.9% people suffering from obesity every year. Increase in funds by the government for developing new surgical devices lead to a significant increase in the number of surgical industries throughout the United Kingdom.
The crucial drivers in the United Kingdom Bariatric Surgery market include Ethicon Inc, Endogastric Solutions, Medtronic, Allergan, TransEnterix, and USGI Medical among others.
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