The U.S. Bariatric Market Will Generate Over $1 Billion in Revenues by
2010, According to a New Report from Millennium Research Group
WALTHAM, Mass., Oct. 31 /PRNewswire/ -- Millennium Research Group
(MRG), the global authority on medical technology market intelligence, has
conducted a detailed and thorough analysis of the US bariatric equipment
and devices market. The report finds that rising rates of morbid obesity in
the US are obliging hospitals to accommodate extremely overweight
individuals for bariatric surgery as well as for other procedures and
tests. According to the new report entitled US Markets for Bariatric
Equipment and Devices 2007, the US bariatric market will generate over $1
billion in annual revenues by 2010.
"Bariatric equipment such as wheelchairs, beds, scales, and
longer-length devices are often required when surgery or other procedures
are performed on very obese individuals," said Lexie Code, Senior Analyst
at MRG. "For example, when laparoscopic surgery is performed on morbidly
obese patients, the distance between skin-level incisions where specialized
devices enter the body and the internal organs is much longer. Hospitals
must therefore purchase more expensive, longer-length devices to
accommodate such procedures."
In 2006, obesity levels in the US were notably high: 3.9% of the US
population is considered morbidly obese, a much higher rate than in other
geographic regions such as Europe. The US obesity rate represents a
population of over 11 million people, a volume that will increase by
approximately 3.0% per year over the forecast period. As a result, by 2010,
nearly 13 million Americans will be morbidly obese. It is increasingly
common for severely obese individuals to require treatment for various
obesity-related conditions.
MRG's US Markets for Bariatric Equipment and Devices 2007 report
includes coverage of all key industry competitors including US Surgical
(TYC), KCI (KCI), Ethicon (JNJ), Skytron, Hill-Rom (HB), Burke, Stryker
Corp. (SYK), Valleylab (TYC), Arjo, Karl Storz Endoscopy, Applied Medical,
Gyrus Medical, Inamed Health (AGN), BHM Medical, Invacare (IVC), Liko, and
Medline Industries Inc.
About Morbid Obesity and Bariatric Surgery
Obesity is defined as being excessively overweight or having a
disproportionate accumulation of fat, while morbid obesity specifically
refers to individuals that are 100 or more pounds overweight. Bariatric
surgery is performed for the purpose of inducing weight loss. Surgical
methods include the reduction of stomach, and occasionally intestinal,
capacity. Devices such as the LapBand by Inamed can also be implanted;
these devices aid in limiting the volume of food that can be ingested.
About Millennium Research Group
Millennium Research Group (http://www.MRG.net), a Decision Resources,
Inc. company (http://www.DecisionResources.com), is a leading provider of
strategic information to the healthcare sector. Focused solely on the
medical device, pharmaceutical, and biotechnology industries, the company
provides its clients with the benefits of its specialized industry
expertise through published reports and customized consulting services.
All company, brand, or product names contained in this document may be
trademarks or registered trademarks of their respective holders.
For more information, contact:
Amy Krohn
Millennium Research Group
416-364-7776 x101
akrohn@mrg.net
|
