According to an analysis by Triton Market Research, the bariatric surgery market in North America is likely to augment at a CAGR of 9.53% over the forthcoming period between 2019 and 2028.
The countries evaluated in the North American bariatric surgery market are:
• Canada
• The United States
As per the researchers from Cleveland Clinic, sleeve gastrectomy has become one of the popular methods of weight loss surgery in the United States, surpassing laparoscopic gastric bypass. Penn Medicine launched its first app for bariatric surgery patients in December 2017, which was built using a software framework, Apple CareKit. It allows patients of bariatric surgery to collate their health data. Therefore, due to the growing prevalence of obesity and the rising product approvals, the bariatric surgery market is anticipated to augment in the United States.
In Canada, obesity is a major population health issue, which is affecting one in five adults of the total population in the country. As per the data provided by the Canadian government, the number of overweight or obese people has tremendously increased in the past several years. With the rising rates of obesity in the country, various initiatives are implemented in order to provide more people access to bariatric surgery. Ontario established a bariatric treatment program, including the Ontario Bariatric Network and four other centers in the province. It is reported that the number of procedures has tripled due to the establishment of this program. All these initiatives are aiding regional market growth.
Intuitive Surgical is a company that is involved in designing, manufacturing and marketing Da Vinci surgical systems and associated instruments. The robotic system consists of a surgeon’s console, a vision system and a patient-side cart. It translates the hand movements of the surgeon, performing on the console, into corresponding micro-instruments movements inside the patient through small incisions. The company is headquartered in California, the US.
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.