, January 09, 2018 ) The Canada Bariatric surgery market
is expected to reach USD 45.8 Billion by 2024 from USD 26.9 Billion in 2017, at a CAGR of 11.39% during the forecast period. The major factors which are involved in the growth of Bariatric surgery market include increase in awareness level on health, increase in 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, highest percentage of weight loss and limiting the intake of food by stapling the stomach.
In Canada, women are majorly suffering from obesity
In Canada many of the people are suffering with obesity, this grows the demand of bariatric surgery market. According to Canadian Institute for health Information (CIHI), in past years 1600 bariatric surgeries were done and now the count increases to 6000 bariatric surgeries all over the country per year. In recent study it is stated that, majority of the woman are suffering with obesity. According to Canada community health survey, 29% of Canada people who are suffering with obesity are above 18 years and 41% of people are overweight. In children it is observed that 8% were obese and 18% are suffering with overweight.
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North America is recognized as the foremost region in bariatric surgery market
North America is anticipated to be the quickest growing market to reach the highest CAGR during the forecast period. In market segmentation by geography North America shows the dominance over the other regions in bariatric surgery market. Rising demand for bariatric surgeries and growing number of people who are suffering from obesity are the major attributes responsible for the growth of bariatric surgery market in North America.
The crucial drivers in the Canada Bariatric Surgery market include Allergan, EnteroMedics, GI Dynamics, Johnson & Johnson, Medtronic, Endogastric Solutions, ReShape Medical Satiety.
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