The global market for bariatric surgery devices grew at an average of about 34% for 2004-2007, and is expected to continue to grow at a strong rate. Revenues are forecast to reach about $1.5 billion by 2015, with a compound annual growth rate of just over 28%. The unit growth rate is expected to be 25.5% for 2004-2015.
During the first five years or so of the forecast period, this market will consist primarily of stomach banding devices, dominated by Allergan’s Lap-Band, and complemented by other brands of similar devices, as well as the intra-gastric balloon. Ethicon Endo-Surgery (Johnson & Johnson) is expected to launch its own version of a stomach banding system by late 2008. The company expects to expand the market for stomach banding, rather than taking market share from Allergan.
On a country-by-country basis, the expected compound annual growth rate in sales of bariatric surgical devices through 2015 varies considerably, from a high in the United Kingdom, excess of 45% to a low in France, under 5%.
Source: Report #S825. "Worldwide Market for the Clinical Management of Obesity, 2007-2015."
Comments 1
I believe that the reason the demand going up is mainly due to inpatience of people. Rarely individuals go through their designated diets, instead they start to search for “fast” methods to lose weight.
Posted 21 Jan 2009 at 10:04 am ¶Post a Comment