Adjustable Gastric Banding Market Size, Share, Analysis, Trends, Growth, 2032

Adjustable Gastric Banding Industry Perspective:

The global adjustable gastric banding market size accrued earnings worth approximately USD 2.61 Billion in 2023 and is predicted to gain revenue of about USD 4.53 Billion by 2032, is set to record a CAGR of nearly 6.32% over the period from 2024 to 2032.   

The report covers a forecast and an analysis of the adjustable gastric banding market on a global and regional level. The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Million). The study includes drivers and restraints of the adjustable gastric banding market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Adjustable Gastric Banding  market on a global and regional level.

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In order to give the users a comprehensive view of the adjustable gastric banding market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Adjustable Gastric Banding Market: Overview

An adjustable gastric band is used around the top portion of the stomach and is also called LAGB, a lap-band, or A-band. It is a silicone device that is inflatable and treats obesity. It is meant to decrease food consumption and is a form of bariatric surgery, specially created to treat obesity in patients. Obesity is determined by the value of body mass index (BMI), which if 40 or greater indicates obesity. A BMI of value between 35 and 40 indicates certain comorbidities. The ill effects, such as hypertension, diabetes, metabolic syndrome, sleep apnea, GERD, osteoarthritis, or high blood pressure, improve with consistent efforts to lose weight that are known to improve with weight loss.

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The report provides a company market share analysis to give a broader overview of the key players in the adjustable gastric banding market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the adjustable gastric banding market on a global and regional basis.

Adjustable Gastric Banding Market: Growth Factors

Consider some of these growth factors for the market for adjustable gastric banding:

The huge rise in the prevalence of obesity around the world has been a major factor propelling the expansion of the adjustable gastric banding industry in recent years. Diabetes, cardiovascular disease, and issues with the joints are just some of the health problems that have been linked to obesity. As a consequence of this, there has been an increase in demand for efficient methods of losing weight, such as surgical procedures like adjustable gastric banding.

Adjustable gastric banding is considered a minimally invasive surgical treatment when compared to other weight loss surgeries such as gastric bypass or sleeve gastrectomy. This procedure involves the placement of a band around the stomach. Because of this reason, it has become increasingly popular among patients who are looking for methods of weight loss that include fewer dangers associated with surgery and require less time for recuperation.

Procedures such as adjustable gastric banding have gained popularity as individuals have grown more health-conscious and are looking for long-term solutions to their obesity problems. Because many people are willing to make adjustments to their lifestyle and are committed to participating in weight management programs over the long term, such operations are now an option that can be considered.

Technological Advancements: The evolution of surgical techniques, instruments, and medical devices has enhanced the safety and effectiveness of adjustable gastric banding procedures. This is due to the fact that these advancements have been made possible by technological advances. Because of this, an increasing number of patients and healthcare experts are looking into this possibility as a potential treatment.

Growing Healthcare Infrastructure: Improvements in healthcare infrastructure and facilities, particularly in emerging nations, have made weight reduction surgeries more accessible to a wider variety of patients. This is particularly the case with regard to the availability of these procedures. The growth potential of the market has been favorably impacted as a result of this.

Coverage from Health Insurance Companies Because health insurance companies now regard obesity as a medical condition that can lead to consequences, some policies may cover the expenses of weight loss surgeries such as adjustable gastric banding. Patients may find that they are better able to afford these operations if their insurance coverage is increased.

The availability of high-quality medical services at reduced costs in certain countries has led to an increase in medical tourism, which has led to an increase in the number of people seeking weight loss surgery in certain nations. Patients interested in undergoing operations with adjustable gastric bands may choose to visit the aforementioned locations.

Clinical Research and Long-Term Results: Ongoing research into the effects and results of adjustable gastric banding over the long term has served to improve confidence in the procedure's efficacy and safety. If the clinical findings are favorable, then more people may choose to have the operation done.

Adjustable Gastric Banding Market: Report Scope

Adjustable Gastric Banding Market: Segmentation

The study provides a decisive view of the adjustable gastric banding market by segmenting it based on product, end-user, and region.

Based on product, the market is divided into lap-band and realize band.

By end-user, the market for adjustable gastric banding includes hospitals, healthcare facilities, medical diagnostics sector, and others.

The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Adjustable Gastric Banding Market: Regional Insights

North America leads the adjustable gastric banding market, due to the increasing obese population in the U.S., rising awareness among people to focus on their health, and escalating healthcare expenditure. The American Society for Metabolic and Bariatric Surgery (ASMBS) has recommended the use of gastric bands and, in severe cases, bariatric procedures and intragastric balloons.

The European market holds a large share globally, owing to a large number of medical devices approved by the FDA, which are necessary to boost the growth of the adjustable gastric band market in the region. According to the National Bariatric Surgery Registry, the number of surgeries for treating obesity has increased in recent times.

The European region has continuously emphasized the importance of healthcare efficiency and quality. The Asia Pacific will show a significant CAGR in the adjustable gastric banding market in the future, owing to the high obese population and increasing incidence of chronic diseases.

The healthcare sector is expected to flourish in the region’s developing countries, which will fuel medical tourism and affordable surgeries involving gastric bands across the region. This will further drive the region’s adjustable gastric band market.

Adjustable Gastric Banding Market: Competitive Space

Some key players in the adjustable gastric banding market are 

• Aspire Bariatrics
• Olympus Corporation of the Americas
• Apollo Endosurgery
• Ethicon
• SpatzFgia
• Intuitive Surgical
• Mediflex Surgical Product
• ReShape Lifesciences.

This report segments the global adjustable gastric banding market into:

Global Adjustable Gastric Banding Market: By Product

• Lap-Band
• Realize Band

Global Adjustable Gastric Banding Market: By End-User

• Hospitals
• Healthcare Facilities
• Medical Diagnostics Sector
• Others

Global Adjustable Gastric Banding Market: By Region

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa