Rising global burden of obesity across the globe will drive the market growth over the forecast timeline. According to World Health Organization (WHO), in 2016, there were 39% overweight adults and 13% obese adults. Alcoholism, unhealthy eating habits, lack of physical exercise and unhealthy lifestyle are widely augmenting risk of obesity. In addition, obesity rate increased to 18.5% in 2015-2016 and is estimated to continue over the forecast period. Growing trend in prevalence of obesity and associated risk factors will garner significant market share in upcoming years.
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Technological advancements will largely impact market growth owing to improved benefits such as less invasive procedures and efficacy. Novel technologies offer quick recovery and lesser complications. For instance, laparoscopic surgery causes few complications and heals at a significantly faster rate. Similarly, robot-assisted surgery for obesity enhancing efficacy and safety will exhibit positive impact on business growth. Moreover, reimbursements for surgeries by certain technologies will substantially boost industry growth over forecast timeframe.
Increasing access to bariatric surgery along with rising government initiatives will drive market growth during forthcoming years. Government funding coupled with encouragement of less invasive procedures will significantly increase adoption of bariatric surgery devices industry growth in foreseeable years.
However, risk of infections from devices as well as post-operative effects such as hernia, internal bleeding and other effects can hamper market growth. Moreover, product recalls may restrict growth opportunities in forthcoming years.
Non-invasive segment will grow at a momentous rate owing to better benefits offered to patients. Reduced complexities, scars and better rehabilitation after surgical procedure will assist in greater adoption of non-invasive surgery, thereby fostering segmental growth.
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