Gastric Band Devices Market Size, Share, Industry Trends and Forecast to 2030

Market Size & CAGR of Gastric Band Devices Market in 2021

The global gastric band devices market had a considerable market size in 2021, with a Compound Annual Growth Rate (CAGR) expected at 5.2% from 2021 to 2026. The market was valued at approximately USD 320 million in 2021 and is projected to reach over USD 450 million by 2026. The increasing prevalence of obesity and related health issues is a key driver for the growth of this market.

COVID-19 Impact on the Gastric Band Devices Market

The COVID-19 pandemic had a significant impact on the gastric band devices market. Due to lockdowns and restrictions on elective surgeries, the market saw a temporary decline in surgical procedures for obesity treatment, including gastric banding. However, as healthcare systems adapted to the new normal, the market is gradually recovering, with an increasing number of patients opting for gastric band devices to manage their weight.

Gastric Band Devices Dynamics

The gastric band devices market is driven by the increasing prevalence of obesity, rising awareness about the health risks associated with obesity, and the growing demand for minimally invasive weight loss procedures. Patients are opting for gastric band devices as a safer and more effective alternative to traditional weight loss methods.

Segments and Related Analysis

The gastric band devices market can be segmented based on the type of device, material, end-user, and region. The key segments include adjustable gastric bands, non-adjustable gastric bands, silicone bands, and saline bands. Each segment caters to different patient needs and surgical preferences, providing a wide range of options for healthcare providers.

By Region Analysis

The gastric band devices market is segmented into various regions, including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the market due to the high prevalence of obesity and the presence of advanced healthcare infrastructure. However, the Asia Pacific region is expected to witness significant growth in the coming years due to the rising adoption of minimally invasive weight loss procedures.

Key Market Players and Competitive Landscape

Key players in the gastric band devices market include Apollo Endosurgery, Cousin Biotech, Helioscopie, and ReShape Lifesciences. These companies are focused on developing innovative gastric band devices with enhanced functionality and patient outcomes. The market is competitive, with players striving to gain a competitive edge through product differentiation and strategic partnerships.

Recent Happenings in the Gastric Band Devices Market

In recent years, the gastric band devices market has witnessed several developments, including the introduction of adjustable gastric bands with advanced features for improved patient outcomes. Companies are also investing in research and development to enhance the efficacy and safety of gastric banding procedures. Additionally, the market is seeing collaborations between manufacturers and healthcare providers to expand the reach of gastric band devices globally.