Sleeve Gastrectomy Devices Market: Competitive Analysis, Market Trends and Forecast to 2031

Market Overview and Report Coverage

Sleeve Gastrectomy Devices are medical tools used during sleeve gastrectomy surgery to reduce the size of the stomach and limit food intake. The devices include staplers, trocars, and other instruments necessary for the procedure. The increasing prevalence of obesity and related co-morbidities has driven the demand for these devices in recent years.

The Sleeve Gastrectomy Devices Market is expected to grow at a CAGR of % during the forecasted period. The market is projected to witness significant growth due to the rising adoption of minimally invasive surgical procedures, technological advancements in bariatric surgery devices, and increasing awareness about the benefits of sleeve gastrectomy.

Key market trends include the development of advanced surgical instruments, increasing investments in research and development, and the expansion of healthcare infrastructure in emerging economies. The market players are focusing on strategic collaborations, mergers, and acquisitions to expand their product portfolios and strengthen their market presence.

Overall, the sleeve gastrectomy devices market is poised for substantial growth in the coming years, driven by the increasing prevalence of obesity and the growing demand for weight loss surgeries.

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Market Segmentation

The Sleeve Gastrectomy Devices Market Analysis by types is segmented into:

• Tissue Closure Devices
• Dissection and Positioning Devices

Sleeve Gastrectomy Devices market includes Tissue Closure Devices and Dissection and Positioning Devices. Tissue Closure Devices are used to seal and close the incision sites during the surgery. They help in reducing blood loss and post-operative complications. Dissection and Positioning Devices are used to dissect and position tissues during the surgery for a more precise and efficient procedure. Both types of devices play a crucial role in ensuring successful sleeve gastrectomy surgeries by providing effective tools for surgeons to perform the procedure accurately.

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The Sleeve Gastrectomy Devices Market Industry Research by Application is segmented into:

• Hospitals and Clinics
• ASCs and Obesity Centers

Sleeve gastrectomy devices are primarily utilized in hospitals and clinics, ASCs, and obesity centers for treating obesity. Hospitals and clinics offer a wide range of medical services, including weight loss surgeries such as sleeve gastrectomy. ASCs provide outpatient surgical procedures in a more cost-effective and convenient setting. Obesity centers focus specifically on managing and treating obesity-related conditions, making them a key market for sleeve gastrectomy devices. These facilities play a crucial role in addressing the growing global obesity epidemic.

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In terms of Region, the Sleeve Gastrectomy Devices Market Players available by Region are:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

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What are the Emerging Trends in the Global Sleeve Gastrectomy Devices market?

The global sleeve gastrectomy devices market is witnessing several emerging and current trends, including the growing prevalence of obesity worldwide driving the demand for minimally invasive weight loss procedures, technological advancements leading to the development of innovative and efficient sleeve gastrectomy devices, increasing adoption of sleeve gastrectomy as a preferred bariatric surgery option due to its safety and effectiveness, rising healthcare expenditure in developing countries, and expanding awareness about the benefits of sleeve gastrectomy for long-term weight management. Additionally, the trend towards personalized and customized solutions for better patient outcomes is expected to further drive market growth in the coming years.

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Major Market Players

Sleeve gastrectomy devices market is highly competitive with key players including Johnson & Johnson, Medtronic, Silex Medical, Baxter, MID, Changzhou Ankang Medical Instruments, Dextera Surgical, and Grena. Johnson & Johnson is a prominent player in the market with a wide range of sleeve gastrectomy devices. The company has been focusing on product innovation and strategic collaborations to maintain its market position.

Medtronic is another major player in the sleeve gastrectomy devices market, known for its advanced technologies and high-quality products. The company has witnessed significant growth in recent years due to its strong distribution network and efficient marketing strategies. Similarly, companies like Silex Medical and Baxter have also been expanding their market presence through product development and strategic acquisitions.

The sleeve gastrectomy devices market is experiencing a surge in demand due to the rising prevalence of obesity and related complications. Technological advancements in minimally invasive procedures and the increasing adoption of bariatric surgeries have further fueled market growth. Additionally, the growing focus on patient safety and improved surgical outcomes is driving the demand for innovative sleeve gastrectomy devices.

As per recent estimates, the global sleeve gastrectomy devices market size is projected to reach USD billion by 2025, with a CAGR of 8.4% during the forecast period. Companies like Johnson & Johnson and Medtronic have reported substantial sales revenue in this segment, with annual revenues exceeding USD 500 million. With the increasing adoption of bariatric surgeries and ongoing research and development activities, the sleeve gastrectomy devices market is poised for significant growth in the coming years.

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