$407.6+ Million Obesity Intervention Devices Market to Grow at 5.3% CAGR, Globally, by 2031

Allied Market Research, a renowned industry analysis and market research firm, has recently unveiled a comprehensive report titled, “Obesity Intervention Devices Market by Devices: Gastric Band, Gastric Balloons, and Gastric Stimulation System, and End User: Hospitals and Others – Global Opportunity Analysis and Industry Forecast, 2023-2031.” This report sheds light on the dynamic landscape of the global obesity intervention devices market, offering valuable insights into its past performance and future prospects.

In 2021, the global obesity intervention devices industry displayed a promising financial performance, with a reported revenue of $243.2 million. This noteworthy figure underscores the growing concern and efforts to combat the global obesity epidemic. As the world grapples with the significant health implications associated with obesity, healthcare professionals and the medical device industry have been working diligently to develop innovative solutions.

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Projections for the market’s future are equally promising. The report forecasts that the industry will experience substantial growth, with an anticipated market value of $407.6 million by 2031. This estimated growth is attributed to the rising prevalence of obesity, the increasing adoption of obesity intervention devices, and ongoing advancements in medical technology. The Compound Annual Growth Rate (CAGR) is projected to be 5.3% from 2023 to 2031, reflecting a steady upward trajectory in the market.

The “Obesity Intervention Devices Market” report serves as a valuable resource for industry stakeholders, investors, and healthcare professionals, providing them with critical information to make informed decisions and capitalize on emerging opportunities in the global fight against obesity. It highlights the significance of innovative medical devices, such as gastric bands, gastric balloons, and gastric stimulation systems, in addressing this pressing global health issue.

Leading Market Players: –

• Apollo Endosurgery
• Reshape Lifesciences
• GI Dynamics
• Allergan
• Cousin Surgery
• Johnson & Johnson
• A.M.I. gmbh
• Spatz FGIA Inc
• Allurion Technologies Inc.
• Endalis

The global obesity intervention devices market is undergoing a significant regional transformation, and the dynamics are expected to shift in the coming years. In 2021, North America asserted its dominance in the market by capturing the highest market share in terms of revenue, contributing to over one-third of the total global market revenue. This commanding position can be attributed to several factors, including the relentless pursuit of technological advancements and a well-established healthcare industry that has been at the forefront of addressing the obesity epidemic.

Despite North America’s strong presence in 2021, the Asia-Pacific region is poised for remarkable growth in the coming years. With an anticipated Compound Annual Growth Rate (CAGR) of 6.2% from 2022 to 2031, the Asia-Pacific region is projected to exhibit the fastest growth rate in the obesity intervention devices market. This rapid expansion is expected to propel the Asia-Pacific region into a dominant position during the forecast period.

The driving force behind this shift is the rising prevalence of obesity in the Asia-Pacific region, paralleled by an increase in the number of people suffering from chronic diseases like diabetes. These health challenges have generated a heightened demand for obesity intervention devices in the region, as healthcare providers and patients alike recognize the urgent need for effective solutions.

This transformation of market dynamics suggests that the Asia-Pacific region is primed to become a key player in the global obesity intervention devices market. As the region continues to invest in healthcare infrastructure and technological advancements, it is positioned to offer significant growth opportunities and contribute substantially to the industry’s overall success.

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