Gastric Bands Market Strategies and Share 2031
Increasing prevalence of obesity, changing lifestyle, rising demand for weight loss surgeries among population, and technological advancement in medical devices are the major factors driving the growth of this market. New product development and increasing number of FDA approvals are anticipated to offer growth opportunities for gastric bands during the forecast period.
The "Global Gastric Bands Market Analysis to 2031" is a specialized and in-depth study of the medical device industry with a focus on the global market trend. The report aims to provide an overview of global gastric bands market with detailed market segmentation by type, end user, and geography. The global gastric bands market is expected to witness high growth during the forecast period. The gastric bands market report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
The global gastric bands market is segmented on the basis of type and end user. Based on type, the market is segmented into adjustable gastric bands and non-adjustable gastric bands. On the basis of end user, the market is segmented into hospitals, ambulatory surgical centers, and others.
The gastric bands market report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global gastric bands market based on type, and end user. It also provides market size and forecast till 2031 for overall gastric bands market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 13 counties globally along with current trend and opportunities prevailing in the region.
North America dominates the gastric bands market. This is primarily attributed to the increasing demand for minimally invasive surgical procedures, rising importance of health management, and huge population base with chronic disease. As per The American Society for Metabolic and Bariatric Surgery (ASMBS), in 2016, nearly 216,000 bariatric surgeries were performed in the U.S. out of which 3.4% were gastric bands. Asia Pacific is expected to witness significant growth rate during the forecast period. The increasing rate of obesity and diabetes and rising awareness about treatment options for weight management are the major factors to drive the growth of the Asia Pacific market in coming years.
The gastric bands market report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions.
The gastric bands market report also includes the profiles of key gastric bands manufacturing companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years. Some of the key players influencing the gastric bands market are Cousin Biotech, Helioscopie Ethicon USA, LLC, Apollo Endosurgery, Inc., Medtronic, TransEnterix Surgical, Inc, A.M.I. GmbH, Bariatric Partners, Inc., Murfreesboro Surgical Specialists, PLLC, and Obtech Medical AG among others. REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
1.1. SCOPE OF STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
2. KEY TAKEAWAYS
3. GASTRIC BANDS MARKET LANDSCAPE
3.1. MARKET OVERVIEW
3.2. MARKET SEGMENTATION
3.2.1. Gastric Bands Market - By Type
3.2.2. Gastric Bands Market - By End User
3.2.3. Gastric Bands Market - By Region
3.2.3.1. By Country
3.3. PEST ANALYSIS
3.3.1. North America - PEST Analysis
3.3.2. Europe - PEST Analysis
3.3.3. Asia Pacific - PEST Analysis
3.3.4. Middle East and Africa - PEST Analysis
3.3.5. South and Central America- PEST Analysis
4. GASTRIC BANDS MARKET - KEY INDUSTRY DYNAMICS
4.1. KEY MARKET DRIVERS
4.2. KEY MARKET RESTRAINTS
4.3. KEY MARKET OPPORTUNITIES
4.4. FUTURE TRENDS
4.5. IMPACT ANALYSIS
5. GASTRIC BANDS MARKET - GLOBAL ANALYSIS
5.1. GLOBAL GASTRIC BANDS MARKET OVERVIEW
5.2. GLOBAL GASTRIC BANDS MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
5.3. MARKET POSITIONING/MARKET SHARE
5.4. PERFORMANCE OF KEY PLAYERS
5.5. EXPERT OPINIONS
6. GASTRIC BANDS MARKET- GLOBAL REGULATORY SCENARIO
6.1. OVERVIEW
6.2. NORTH AMERICA
6.3. EUROPE
6.4. ASIA PACIFIC
6.5. MIDDLE EAST & AFRICA
6.6. SOUTH AND CENTRAL AMERICA
7. GASTRIC BANDS MARKET REVENUE AND FORECASTS TO 2028 - BY TYPE
7.1. OVERVIEW
7.2. TYPE MARKET REVENUE AND FORECASTS ANALYSIS (US$ MN)
7.3. ADJUSTABLE GASTRIC BANDS MARKET
7.3.1. Overview
7.3.2. Adjustable Gastric Bands Market Revenue Forecasts and Analysis (US$ Mn)
7.4. NON-ADJUSTABLE GASTRIC BANDS MARKET
7.4.1. Overview
7.4.2. Non-Adjustable Gastric Bands Market Revenue Forecasts and Analysis (US$ Mn)
8. GASTRIC BANDS MARKET REVENUE AND FORECASTS TO 2028 - BY END USER
8.1. OVERVIEW
8.2. END USER MARKET REVENUE AND FORECASTS ANALYSIS (US$ MN)
8.3. HOSPITALS MARKET
8.3.1. Overview
8.3.2. Hospitals Market Revenue Forecasts and Analysis (US$ Mn)
8.4. AMBULATORY SURGICAL CENTERSMARKET
8.4.1. Overview
8.4.2. Ambulatory Surgical Centers Market Revenue Forecasts and Analysis (US$ Mn)
8.5. OTHERS MARKET
8.5.1. Overview
8.5.2. Others Market Revenue Forecasts and Analysis (US$ Mn)
9. NORTH AMERICA GASTRIC BANDS MARKET REVENUE AND FORECASTS TO 2028 - COUNTRY ANALYSIS
9.1. NORTH AMERICA GASTRIC BANDS MARKET OVERVIEW
9.2. NORTH AMERICA GASTRIC BANDS MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
9.3. NORTH AMERICA GASTRIC BANDS MARKET REVENUE AND FORECASTS ANALYSIS - BY TYPE (US$ MN)
9.4. NORTH AMERICA GASTRIC BANDS MARKET REVENUE AND FORECASTS ANALYSIS - BY END USER (US$ MN)
9.5. NORTH AMERICA GASTRIC BANDS MARKET REVENUE AND FORECASTS ANALYSIS - BY COUNTRY
9.6. US MARKET OVERVIEW
9.6.1. US Gastric Bands Market Revenue Forecasts and Analysis - By Type (US$ Mn)
9.6.2. US Gastric Bands Market Revenue and Forecasts Analysis - By End User (US$ Mn)
9.7. CANADA MARKET OVERVIEW
9.7.1. Canada Gastric Bands Market Revenue Forecasts and Analysis - By Type (US$ Mn)
9.7.2. Canada Gastric Bands Market Revenue and Forecasts Analysis - By End User (US$ Mn)
9.8. MEXICO MARKET OVERVIEW
9.8.1. Mexico Gastric Bands Market Revenue Forecasts and Analysis - By Type (US$ Mn)
9.8.2. Mexico Gastric Bands Market Revenue Forecasts and Analysis - By End User (US$ Mn)
10. EUROPE GASTRIC BANDS MARKET REVENUE AND FORECASTS TO 2028 - COUNTRY ANALYSIS
10.1. EUROPE GASTRIC BANDS MARKET OVERVIEW
10.2. EUROPE GASTRIC BANDS MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
10.3. EUROPE GASTRIC BANDS MARKET REVENUE AND FORECASTS ANALYSIS - BY TYPE (US$ MN)
10.4. EUROPE GASTRIC BANDS MARKET REVENUE AND FORECASTS ANALYSIS - BY END USER (US$ MN)
10.5. EUROPE GASTRIC BANDS MARKET REVENUE AND FORECASTS ANALYSIS - BY COUNTRY
10.6. UK MARKET OVERVIEW
10.6.1. UK Gastric Bands Market Revenue Forecasts and Analysis - By Type (US$ Mn)
10.6.2. UK Gastric Bands Market Revenue Forecasts and Analysis - By End User (US$ Mn)
10.7. GERMANY MARKET OVERVIEW
10.7.1. Germany Gastric Bands Market Revenue Forecasts and Analysis - By Type (US$ Mn)
10.7.2. Germany Gastric Bands Market Revenue Forecasts and Analysis - By End User (US$ Mn)
10.8. FRANCE MARKET OVERVIEW
10.8.1. France Gastric Bands Market Revenue Forecasts and Analysis - By Type (US$ Mn)
10.8.2. France Gastric Bands Market Revenue Forecasts and Analysis - By End User (US$ Mn)
11. ASIA PACIFIC GASTRIC BANDS MARKET REVENUE AND FORECASTS TO 2028 - COUNTRY ANALYSIS
11.1. ASIA PACIFIC GASTRIC BANDS MARKET OVERVIEW
11.2. ASIA PACIFIC GASTRIC BANDS MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
11.3. ASIA PACIFIC GASTRIC BANDS MARKET REVENUE AND FORECASTS ANALYSIS - BY TYPE (US$ MN)
11.4. ASIA PACIFIC GASTRIC BANDS MARKET REVENUE AND FORECASTS ANALYSIS - BY END USER (US$ MN)
11.5. ASIA PACIFIC GASTRIC BANDS MARKET REVENUE AND FORECASTS ANALYSIS - BY COUNTRY
11.6. JAPAN MARKET OVERVIEW
11.6.1. Japan Gastric Bands Market Revenue Forecasts and Analysis - By Type (US$ Mn)
11.6.2. Japan Gastric Bands Market Revenue Forecasts and Analysis - By End User (US$ Mn)
11.7. CHINA MARKET OVERVIEW
11.7.1. China Gastric Bands Market Revenue Forecasts and Analysis - By Type (US$ Mn)
11.7.2. China Gastric Bands Market Revenue Forecasts and Analysis - By End User (US$ Mn)
11.8. INDIA MARKET OVERVIEW
11.8.1. India Gastric Bands Market Revenue Forecasts and Analysis - By Type (US$ Mn)
11.8.2. India Gastric Bands Market Revenue Forecasts and Analysis - By End User (US$ Mn)
12. MIDDLE EAST AND AFRICA (MEA) GASTRIC BANDS MARKET REVENUE AND FORECASTS TO 2028 - COUNTRY ANALYSIS
12.1. MIDDLE EAST AND AFRICA GASTRIC BANDS MARKET OVERVIEW
12.2. MIDDLE EAST AND AFRICA GASTRIC BANDS MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
12.3. MIDDLE EAST AND AFRICA GASTRIC BANDS MARKET REVENUE AND FORECASTS ANALYSIS - BY TYPE (US$ MN)
12.4. MIDDLE EAST AND AFRICA GASTRIC BANDS MARKET REVENUE AND FORECASTS ANALYSIS - BY END USER (US$ MN)
12.5. MIDDLE EAST AND AFRICA GASTRIC BANDS MARKET REVENUE AND FORECASTS ANALYSIS - BY COUNTRY
12.6. SOUTH AFRICA MARKET OVERVIEW
12.6.1. South Africa Gastric Bands Market Revenue Forecasts and Analysis - By Type (US$ Mn)
12.6.2. South Africa Gastric Bands Market Revenue Forecasts and Analysis - By End User (US$ Mn)
12.7. SAUDI ARABIA MARKET OVERVIEW
12.7.1. Saudi Arabia Gastric Bands Market Revenue Forecasts and Analysis - By Type (US$ Mn)
12.7.2. Saudi Arabia Gastric Bands Market Revenue Forecasts and Analysis - By End User (US$ Mn)
12.8. UAE MARKET OVERVIEW
12.8.1. UAE Gastric Bands Market Revenue Forecasts and Analysis - By Type (US$ Mn)
12.8.2. UAE Gastric Bands Market Revenue Forecasts and Analysis - By End User (US$ Mn)
13. SOUTH AND CENTRAL AMERICA GASTRIC BANDS MARKET REVENUE AND FORECASTS TO 2028 - COUNTRY ANALYSIS
13.1. SOUTH AND CENTRAL AMERICA GASTRIC BANDS MARKET OVERVIEW
13.2. SOUTH AND CENTRAL AMERICA GASTRIC BANDS MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
13.3. SOUTH AND CENTRAL AMERICA GASTRIC BANDS MARKET REVENUE AND FORECASTS ANALYSIS - BY TYPE (US$ MN)
13.4. SOUTH AND CENTRAL AMERICA GASTRIC BANDS MARKET REVENUE AND FORECASTS ANALYSIS - BY END USER (US$ MN)
13.5. SOUTH AND CENTRAL AMERICA GASTRIC BANDS MARKET REVENUE AND FORECASTS ANALYSIS - BY COUNTRY
13.6. BRAZIL MARKET OVERVIEW
13.6.1. Brazil Gastric Bands Market Revenue Forecasts and Analysis - By Type (US$ Mn)
13.6.2. Brazil Gastric Bands Market Revenue Forecasts and Analysis - By End User (US$ Mn)
14. INDUSTRY LANDSCAPE
14.1. ORGANIC GROWTH STRATEGIES
14.1.1. New Product Launches
14.1.2. Marketing & Promotional Activities
14.2. INORGANIC GROWTH STRATEGIES
14.2.1. Partnerships, Collaborations, and Joint Ventures
14.2.2. Mergers & Acquisitions
15. GASTRIC BANDS MARKET, KEY COMPANY PROFILES
15.1. COUSIN BIOTECH
15.1.1. Key Facts
15.1.2. Business Description
15.1.3. Financial Overview
15.1.4. Product Portfolio
15.1.5. Product Pipeline
15.1.6. SWOT Analysis
15.1.7. Key Developments
15.2. HELIOSCOPIE
15.2.1. Key Facts
15.2.2. Business Description
15.2.3. Financial Overview
15.2.4. Product Portfolio
15.2.5. Product Pipeline
15.2.6. SWOT Analysis
15.2.7. Key Developments
15.3. ETHICON USA, LLC
15.3.1. Key Facts
15.3.2. Business Description
15.3.3. Financial Overview
15.3.4. Product Portfolio
15.3.5. Product Pipeline
15.3.6. SWOT Analysis
15.3.7. Key Developments
15.4. APOLLO ENDOSURGERY, INC.
15.4.1. Key Facts
15.4.2. Business Description
15.4.3. Financial Overview
15.4.4. Product Portfolio
15.4.5. Product Pipeline
15.4.6. SWOT Analysis
15.4.7. Key Developments
15.5. MEDTRONIC
15.5.1. Key Facts
15.5.2. Business Description
15.5.3. Financial Overview
15.5.4. Product Portfolio
15.5.5. Product Pipeline
15.5.6. SWOT Analysis
15.5.7. Key Developments
15.6. TRANSENTERIX SURGICAL, INC
15.6.1. Business Description
15.6.2. Financial Overview
15.6.3. Product Portfolio
15.6.4. Product Pipeline
15.6.5. SWOT Analysis
15.6.6. Key Developments
15.7. A.M.I. GMBH
15.7.1. Key Facts
15.7.2. Business Description
15.7.3. Financial Overview
15.7.4. Product Portfolio
15.7.5. Product Pipeline
15.7.6. SWOT Analysis
15.7.7. Key Developments
15.8. BARIATRIC PARTNERS, INC.
15.8.1. Key Facts
15.8.2. Business Description
15.8.3. Financial Overview
15.8.4. Product Portfolio
15.8.5. Product Pipeline
15.8.6. SWOT Analysis
15.8.7. Key Developments
15.9. MURFREESBORO SURGICAL SPECIALISTS, PLLC
15.9.1. Key Facts
15.9.2. Business Description
15.9.3. Financial Overview
15.9.4. Product Portfolio
15.9.5. Product Pipeline
15.9.6. SWOT Analysis
15.9.7. Key Developments
15.10. OBTECH MEDICAL AG
15.10.1. Key Facts
15.10.2. Business Description
15.10.3. Financial Overview
15.10.4. Product Portfolio
15.10.5. Product Pipeline
15.10.6. SWOT Analysis
15.10.7. Key Developments
16. APPENDIX
16.1. ABOUT THE INSIGHT PARTNERS
16.2. GLOSSARY OF TERMS
16.3. RESEARCH METHODOLOGY
1. Cousin Biotech
2. Helioscopie
3. Ethicon USA, LLC
4. Apollo Endosurgery Inc.
5. Medtronic
6. TransEnterix Surgical, Inc
7. A.M.I. GmbH
8. Bariatric Partners, Inc.
9. Murfreesboro Surgical Specialists, PLLC
10. Obtech Medical AG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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