The China Bariatric Surgery Market is expected to register a CAGR of 14.2% during the forecast period. The key factors propelling the growth of the China bariatric surgery market is the increase in obese patients and the prevalence rate of type-2 diabetes and heart diseases.
Obesity is considered a metabolic dysfunction and is often associated with a wide range of chronic illnesses that cause significant increases in mortality. Obesity is found to be associated with substantial increases in premature mortality, impaired quality of life, and a substantial amount of healthcare costs.
According to a study report by Youfa Wang et al., published in The Lancet Global health 2019, stated that China has the largest number of affected people with obesity, with about 46% of adults and 15% of children being obese or overweight. Moreover, it indicates that the overweight population are high in China. In addition, there is also the emergence of new technologies in bariatric surgery and growing demand for minimally invasive surgical procedures that are acting as the key drivers for the market growth during the forecast period. Thus, bariatric surgery market in China is expected to show significant growth over the forecast period.
Key Market Trends
Stapling Devices Segment is Expected to Hold a Major Market Share in the China Bariatric Surgery Market
The stapling devices segment is expected to show a comparatively higher growth rate over the forecast period, as compared to other devices used in the bariatric surgeries. It is the most commonly used device, as it tends to result in greater and more consistent weight loss among patients, along with a greater reduction in obesity-related health problems. In China, around 10.8% of the male population and about 15% of the female population were overweight, as per UK Medical Journal the Lancet 2019. This represents over 43 million men and more than 46 million women having obesity-related health issues in China. Thus, owing to the increasing prevalence of obesity the segment is expected to show significant growth in the coming years.
The China Bariatric Surgery Market is consolidated competitive. The manufacturers are innovating new technologies, which are non-invasive, for reducing patients’ time in the hospitals, decreasing the chances of infection, and saving the cost. Additionally, smaller players are implementing strategies, such as acquisitions, to expand their product portfolio and gain roots in the industry.
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