The South Korea bariatric surgery market size is expected to expand at a significant CAGR during the forecast period, 2021-2028. The growth of the market is attributed to rising prevalence rate of Type 2 diabetes and heart diseases.
A bariatric medical procedure is a surgical procedure performed on obese people to make changes to their digestive system in order to help them reduce weight. The surgery effectively reduces the risks of type 2 diabetes, hypertension, sleep apnea, osteoarthritis, dyslipidemia, asthma, and gastro esophageal reflux disease (GERD), which are the common side-effects of obesity.
Bariatric medical procedure or weight reduction medical procedure is utilized as one of the significant therapy methods for obesity. During this method, the size of the stomach is diminished by removing some piece of the stomach or utilizing a gastric band. Gastric bypass, sleeve gastrostomy, adjustable gastric band, and biliopancreatic redirection with a duodenal switch are most broadly involved equipment in bariatric systems. Body Mass Index (BMI) assumes a significant part in determining whether a person is obese. Bariatric medical procedure is generally suggested for individuals with BMI over 40. It utilized to work on the wellbeing of the patients with weight in lessening reducing the risk of life-threatening diseases
The report on the South Korea bariatric surgery market includes an assessment of the market, trends, segments, and Geography markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
South Korea bariatric surgery market - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Devices (Assisting Devices [Suturing Device, Closure Device, Stapling Device, Trocars and Others] and Implantable Devices [Gastric Bands, Electrical Stimulation Devices, Gastric Balloons, Gastric Emptying and Others]) |
Country Scope |
South Korea |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Conmed Corporation Apollo Endosurgery Inc.; Ethicon Inc.(Johnson and Johnson); Aspire Bariatrics Inc.; Intuitive Surgical Inc.; B.Braun Melsungen AG; Olympus Corporation; and The Cooper Companies. |
Based on devices, the market is segregated into assisting devices and implantable devices. The assisting devices segment is further classified as suturing device, closure device, stapling device, trocars and others. The implantable devices segment is further segmented into gastric bands, electrical stimulation devices, gastric balloons, gastric emptying and others. The closure device sub segmented anticipated to account for a significant market share during the forecast period. Closure devices are utilized for reconnecting tissues during surgical procedures and for closing incisions made by trocars. The laparoscopic port closure device effectively and safely closes port sites in obese patients going through bariatric procedures and medical procedures. The main factors driving the segment is wide use in minimally invasive surgeries that require immediate closure of very small incisions made at the time of surgical procedures.
Segments Covered in the report
The South Korea bariatric surgery market has been segmented on the basis of
Devices
Country
Key Players
Key players competing in the South Korea bariatric surgery market are Conmed Corporation Apollo Endosurgery Inc.; Ethicon Inc(Johnson and Johnson); Aspire Bariatrics Inc.; Intuitive Surgical Inc.; B.Braun Melsungen AG; Olympus Corporation; and The Cooper Companies.
In August 2019, Sentinel Capital Partners, a private equity firm, declared that it has gained SSJA Bariatric Management, LLC. SSJA is the main supplier of authoritative help administrations to bariatric medical procedure workplaces in New York. The organization assists SSJA in growing business geographically and extend its service offerings into different business sectors also.
Segments Covered in the report
The South Korea bariatric surgery market has been segmented on the basis of
Devices
Country
Key Players
Key players competing in the South Korea bariatric surgery market are Conmed Corporation Apollo Endosurgery Inc.; Ethicon Inc(Johnson and Johnson); Aspire Bariatrics Inc.; Intuitive Surgical Inc.; B.Braun Melsungen AG; Olympus Corporation; and The Cooper Companies.
In August 2019, Sentinel Capital Partners, a private equity firm, declared that it has gained SSJA Bariatric Management, LLC. SSJA is the main supplier of authoritative help administrations to bariatric medical procedure workplaces in New York. The organization assists SSJA in growing business geographically and extend its service offerings into different business sectors also.
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