Global Obesity Intervention Devices Market Overview:
Medical devices used to manage obesity are called obesity intervention devices. These tools are meant to help you lose weight by lowering your calorie intake or changing the way your body breaks down food. Weight loss that ameliorates or alleviates type 2 diabetes leads to the approval of obesity intervention devices. Gastric bands, gastric balloons, and gastric stimulation systems are examples of obesity intervention techniques. The increasing prevalence of obesity is expected to propel the growth of the obesity intervention devices market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Government Initiatives for Appropriate Management for Obese Patients
Market Growth Drivers:
Increase in the Prevalence of Obesity and Increasing Number of Product Launches for Obesity Intervention Device Drugs
Challenges:
Increase in Awareness among the People Regarding the Adverse Effects of Obesity
Restraints:
High Production Costs and Limited Financial Support for Surgery and High Cost of Available Obesity Treatment Alternatives
Opportunities:
Increasing Need For Continuous Improvement in Technology
Competitive Landscape:
Obesity Intervention Devices is a fragmented market due to the presence of a large number of established competitors. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge
Some of the key players profiled in the report are Apollo Endosurgery (United States), Cousin Surgery (France), Spatz FGIA Inc. (United States), GI Dynamics (United States), Abbvie Inc. (Allergan) (United States), Endalis Laboratoire (France), Allurion Technologies, Inc. (United States), A.M.I. GmbH (Austria), ReShape Lifesciences Inc. (United States) and Johnson & Johnson (United States). Additionally, following companies can also be profiled that are part of our coverage like Medtronic, EnteroMedics and Aspire Bariatrics. Considering Market by End User, the sub-segment i.e. Hospitals will boost the Obesity Intervention Devices market.
Latest Market Insights:
In May 2020, research-based global biopharmaceutical company AbbVie (NYSE: ABBV) acquired Allergan plc. after obtaining regulatory approvals from all government authorities and Irish High Court approvals required for the transaction agreement. A diversified leader in many important therapeutic categories with both market and pipeline assets and financial strength.
What Can be Explored with the Obesity Intervention Devices Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Obesity Intervention Devices Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Obesity Intervention Devices
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Obesity Intervention Devices market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Obesity Intervention Devices market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Research and Development (R&D) companies, Government Agencies and End User Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.