Analysis of the Bariatric Surgeries Market: Exploring Dynamics and Trends
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The basic principle of bariatric surgery is restricting food intake and reducing food absorption in the intestines and stomach. Bariatric surgery is done when exercise and diet fail to reduce weight or when a patient has serious health problems because of the patient's weight. Bariatric surgery procedures include sleeve gastrectomy, gastric bypass, gastric band, and duodenal switch. These procedures have proven results in treating class III obesity. They also help normalize a patient's metabolism, including blood pressure, cholesterol, and blood sugar. Some different types of bariatric devices are Gastric balloons, gastric bands, electrical stimulation devices, Gastric emptying devices, and assisting devices such as Suturing devices, Stapling devices, Closure devices, and Others.
The bariatric surgeries market key players majorly consist of companies such as Intuitive Surgicals Inc, Integra Lifesciences Holdings Corp, Apollo Endosurgery Inc., Conmed Corp., Medtronic Plc, Ethicon USA LLC, Olympus Corp, Reshape Lifesciences Inc., Spartz FGIA Inc., Helioscopie SA.
The companies have been implementing various strategies that have helped the company's growth and, in turn, have brought about various changes in the market. The companies have utilized product launches, expansions, and upgrades to grow their organizations. The companies have adopted several inorganic and organic strategies to accelerate their growth and improve their market position.
Below is the list of growth strategies done by the players operating in the bariatric surgeries market:
Intuitive Surgical (Sep-2022): Intuitive got clearance from Japan’s Ministry of Health, Labour, and Welfare (MHLW) for the da Vinci SP surgical system for minimally invasive surgeries. Intuitive Japan will begin the product launch of SP in the near future.
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Standard Bariatrics (Sept- 2022): Teleflex Incorporated announced the acquisition of Standard Bariatrics, Inc., which has commercialized an innovative powered stapling technology for bariatric surgery.
Apollo Endosurgery, Inc. (Nov- 2022): Boston Scientific Corporation acquired Apollo Endosurgery, Inc., with an enterprise value of approximately $615 million. This acquisition will help Boston expand its endoluminal surgery portfolio and add differentiated technologies for endo-bariatric procedures.
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