Triton Market Research, in its report on the bariatric surgery market in the Asia-Pacific region, states that it will expand at a CAGR of 9.68% in the forecasted period 2019-2028.
The countries studied in the Asia-Pacific bariatric surgery market are:
• South Korea
• China
• ASEAN countries
• Japan
• India
• Australia & New Zealand
• Rest of APAC countries
In Japan, obesity prevalence is one of the lowest in the world. But with the changing lifestyles and food trends, there is an increase in the consumption of unhealthy fast foods. The emergence of different fast food options in the past decades is a major factor in the changing trends. This has led to growing cases of obesity in the country. As per the data provided by the International Diabetes Federation (IDF), there were more than 7,234,200 cases of diabetes in the country in the year 2017. In addition, the presence of big players of the market, including Allergan, EnteroMedics, J&J, EndoGastric Solutions and Medtronic, increases the competition. The growing competition among these companies has been contributing to the increasing innovations and escalating R&D investments. All these factors are anticipated to drive the bariatric surgery market in Japan in the forecasted years.
In India, the government is taking several initiatives to curb the rising number of obese patients in the country. There is an increasing need for more effective management for controlling obesity and other related disorders. Hence, the bariatric surgery market is expected to grow in India over the forthcoming period.
Olympus Corporation is a company that is involved in the manufacturing and sales of medical equipment. The company has four major business segments, namely, medical, scientific, imaging and others. The medical segment involves the manufacturing and sale of gastrointestinal endoscopes, endoscopic treatment instruments, surgical endoscopes and ultrasonic endoscopes. The company is headquartered in Shinjuku City, Tokyo, Japan.
Some key players in the bariatric surgery market are B. Braun Melsungen AG, The Cooper Companies Inc, Apollo Endosurgery Inc, Olympus Corporation, GE Healthcare (General Electric Company), Aspire Bariatrics, Lupin, Intuitive Surgical, Conmed Corporation, Reshape Lifesciences Inc, Medtronic, Abbott, Ethicon Inc (Johnson & Johnson) and Allergan.