Source: Emailwire Global Press Release Newswire – Press Release/Statement:
Headline: Australia Bariatric Surgery Market worth USD 45.8 Billion by the Year 2024
(EMAILWIRE.COM, January 07, 2018 ) The Australia Bariatric surgery market is expected to reach USD 45.8 Billion by 2024 at a CAGR of 11.39%. The Factors which are involved in the growth of Bariatric surgery market include increased awareness on health, increase in the prevalence of Obesity, Insurance Coverage and Increase in long-term diseases due to Obesity.
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Sleeve gastrectomy Surgery is increasing at a good pace in 2017
According to the application, Bariatric surgery market is segmented as Gastric Bypass surgery, Sleeve gastrectomy surgery, and Gastric banding surgery. Among these surgeries, sleeve gastrectomy surgery is said to be increasing with a good growth rate, owing to the advantages like reduced hunger, the highest percentage of weight loss and limiting the intake of food by stapling the stomach.
Globally Australia holds the huge share of prevalence of obesity in Adults
Considering the report released by World Health Organization, Australia holds the third position in the world with high prevalence of the obesity in adults. Obesity is one of the biggest health issue faced by the people in Australia. More than half of the adult population have an excess body weight that causes serious health risks. In 2014-2015, nearly 63.4% of Australian adults were overweight and almost 10% are severely obese. Around 70% of obese adults are eventually troubled with a health condition such as heart disease, hypertension, stroke, musculoskeletal diseases, type-2 diabetes that increases their healthcare cost by 30%.
USA Bariatric Surgery Market: https://www.envisioninteligence.com/industry-report/usa-bariatric-surgery-market/
South Korea Bariatric Surgery Market: https://www.envisioninteligence.com/industry-report/south-korea-bariatric-surgery-market-size-outlook-trends-forecasts-2018-2024/
Australia holds the highest number of surgical industries in Bariatric surgery market.
Australia has the highest number of surgical industries owing to the increased demand for Bariatric surgeries and increases in funds by the government for developing new surgical devices lead to a significant increase in the number of surgical industries throughout Australia.
The crucial players in the Australia Bariatric Surgery market include EnteroMedics, Endogastric Solutions, Medtronic, Allergan, Johnson and Johnson, ReShape Medical Satiety, Intuitive Surgical and GI Dynamics.
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