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Bariatric Surgery Devices Market Size, Demand & Trends Forecast 2022 to 2032 | FMI

The Bariatric Surgery Devices Market is expanding gradually, with a CAGR of 6.2% predicted for the years 2022-2032.

Future Market Insights (FMI) adopted a multidisciplinary approach during the pandemic-era to focus on the growth and development of the Bariatric Surgery Devices Market. The study features insights on the current growth dynamics and the major revenue reforms prevailing in the market as of 2021 along with the key takeaways over the forecast period.

Healthcare Industry

The team of analysts at Future Business Insights are focussing on research and market study to produce different Bariatric Surgery Devices Market forecasts and predictions at both national and international levels. They have considered several leads of information pertaining to the industry like market figures and merger estimations to assess and produce reliable and informative insights on the Bariatric Surgery Devices Market.

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What are the Main Factors Affecting the Market Development for Bariatric Surgery Devices?

The market for bariatric surgical devices is thought to be primarily driven by the increased prevalence of obesity situations. The market for bariatric surgery equipment is anticipated to increase as the obsess population becomes more aware of the issue. Other factors influencing the growth of the market for bariatric surgery equipment include the availability of surgeons trained in bariatric surgical methods. Due to the increased demand for bariatric procedures, both experienced and newly trained medical surgeons are honing and qualifying their surgical techniques. As a result, there is an increase in demand for bariatric surgery equipment. preventing dangers associated with obesity

Access to surgeons trained in bariatric surgical procedures

Due to the increased demand for bariatric procedures, both experienced and newly trained medical surgeons are honing and qualifying their surgical techniques. As a result, there is an increase in demand for bariatric surgery equipment.

Preventing dangers associated with obesity

Obese patients are at an increased risk of developing diabetes, hypertension, gastric reflux diseases, and blood pressure difficulties. The need for bariatric surgery equipment has greatly increased because the operations are meant to avoid the development of these disorders.

Less cutting techniques

Lower incisions are required for some bariatric procedures, such the small sleeve gastrectomy, which allows patients undergo the procedures without fear. Hospitals and weight-loss clinics use bariatric surgery equipment more as a result.

Key Players 

Johnson & Johnson, Covidien Plc, Cousin Biotech, and Pare Surgical, Inc., among others are the some of the key companies in the global bariatric surgery devices market. Pharmaceutical and medical devices leaders such as Medtronic has launched flagship devices for sleeve gastrectomy, indicating the positive expansion of the global market. The government funding is also playing a major role in providing manufacturers with the capital required to produce enhanced devices for bariatric surgeries.

Segmentation 

The global market for bariatric surgery devices can be segmented on the basis the type of

bariatric surgery

device used

Based on the different kinds of bariatric surgery procedures, the market is classified into,

Gastric Bypass Surgery

Sleeve Gastrectomy Surgery

Gastric Banding Surgery

Others

By device-type, the global market is further segmented into,

Stapling Devices

Gastric Bands

Gastric Balloons

By Region

North America

Latin America

Western Europe

Eastern

Asia Pacific

Japan

Middle East and Africa

Clinical Chemistry Analyzers Market Size, Share & Trends – 2032

The global market for Clinical Chemistry Analyzers is anticipated to reach US$ 13.6 billion in 2022. The market is anticipated to reach US$ 21.7 billion from 2022 to 2032 with a CAGR of 4.8%. The market has expanded as a result of the growing elderly population and the incidence of chronic diseases.

Crucial information and forecast statistics covered in the Clinical Chemistry Analyzers Industry report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.

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COVID-19 Impact Analysis on Clinical Chemistry Analyzers Industry

The recent outbreak of COVID-19 has turned the spotlight on the healthcare industry and subsequently impacted the Clinical Chemistry Analyzers Industry. Severe shortages of critical medical supplies and a rapid rise in a number of COVID-19 cases have resulted in a revolution rather than an evolution in the healthcare ecosystems. Consequently, the impact is noticeable in the Clinical Chemistry Analyzers market.

Following government’s measures, particularly social distancing norms and stay-at-home orders, doctors are delaying or postponing elective surgeries unless critical to prevent the spread of the virus to individuals with comorbidities or chronic conditions. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace.

The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on theClinical Chemistry Analyzers Industry. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.

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Clinical Chemistry Analyzers Industry: Segmentation

Valuable information covered in the FMI’s Clinical Chemistry Analyzers market report has been segregated into key segments and sub-segments.

Clinical Chemistry Analyzers Industry Market by Product:

Clinical Chemistry Analyzers

Small

Medium

Large

Very Large

Clinical Chemistry Reagents

Calibrators

Controls

Standards

Others

Other Clinical Chemistry Analyzer Products

Clinical Chemistry Analyzers Industry Market by Test:

Basic Metabolic Panel Clinical Chemistry Analyzers

Electrolyte Panel Clinical Chemistry Analyzers

Liver Panel Clinical Chemistry Analyzers

Lipid Profile Clinical Chemistry Analyzers

Renal Profile Clinical Chemistry Analyzers

Thyroid Function Panel Clinical Chemistry Analyzers

Specialty Chemical Tests Clinical Chemistry Analyzers

Clinical Chemistry Analyzers Industry by End Use:

Clinical Chemistry Analyzers for Hospitals

Clinical Chemistry Analyzers for Academic Research Centers

Clinical Chemistry Analyzers for Diagnostics Laboratories

Clinical Chemistry Analyzers for Diagnostics Laboratories

Clinical Chemistry Analyzers for Other End Uses

Clinical Chemistry Analyzers Industry: Competition Analysis

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Clinical Chemistry Analyzers market. Competitive information detailed in the Clinical Chemistry Analyzers market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Clinical Chemistry Analyzers market report.

Hospital Supplies Market Surges at 3.7% CAGR to Hit US$ 42.3 Billion by 2032

The worldwide demand for hospital supplies is projected to exhibit a Compound Annual Growth Rate (CAGR) of 3.7% during the forecast period spanning from 2022 to 2032. In 2022, the hospital supplies market is poised to achieve an estimated valuation of US$ 29.5 Billion. Findings from the study indicate that hospitals maintained a significant market share of 47.2% in 2021 within the global hospital supplies industry.

According to WHO statistics, approximately 15% of all hospitalized patients suffer from these healthcare-associated infections. Rising prevalence of hospital-acquired infection results in prolonged hospital stay, disability and economic burden. Predisposing factors such as excessive antibiotic consumption and severe illness prevalence will lead to an increase in nosocomial infection rate, which will further push the usage of surgical kits, diagnostic kits and surgical consumables.

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The development of the hospital supplies market is reliant on the increasing adoption of sterile products, growing incidence of hospital-acquired infections and rising awareness about safe health and hygiene practices in developing countries.

“Rising awareness regarding medical sterilization and hygiene in developing nations, along with technological advancements hospital supplies will auger well for the growth in the market,” says an FMI analyst.

Key Takeaways:

Based on product type, the hypodermic and radiology products segment accounted for 17.6% of the total market in 2021, and demand is expected to increase at a 3.6% CAGR through 2032.

In terms of end-user, hospitals are expected to register a CAGR of 3.9% in the forthcoming years.

The U.S. is anticipated to dominate the North America hospital supplies market over the forecast period, accounting for a lion’s share.

Sales in the Germany hospital supplies market are slated to increase at a 3.5% CAGR over the assessment period.

Demand in the China hospital supplies market will grow at a 4.1% CAGR in the forthcoming years.

India will emerge as a lucrative pocket, with demand growing at a 4% CAGR through 2032.

Competition Landscape

The key players in the hospital supplies market are focusing on tapping market potential through entering into strategic mergers & acquisitions agreements. They are also improving their product portfolios to gain a competitive edge in the market. For instance:

In March 2021, Cardinal Health entered into a partnership with FourKites to improve the tracking of medical supplies and equipment’s along with pharmaceutical products, first aid supplies and personal protective equipment (PPE) kits in hospitals, pharmacies and other healthcare settings across the globe.

In December 2020, 3M launched its next generation of silicon adhesive tapes, the 2480 3M Single coated medical nonwoven tape with silicon adhesive liner. It offers more and secure adhesion, avoids trauma to patient skin and aids a longer wear time. Hence, rising incidents of hazardous situations and chronic disease prevalence will propel market growth in future.

Key Market Segments Covered in Hospital Supplies Industry Research By Product:

Sterilization Consumables

Wound Care Products

Dialysis Products

Infusion Products

Hypodermic & Radiology Products

Intubation & Respiratory Supplies

Surgical Procedure Kits & Trays

Blood Management & Diagnostic Supplies

General Disposable Products

By End User:

Hospitals

Ambulatory Surgical Centres

Clinics

Diagnostic Centres

Long Term Care Centres

Nursing Facilities