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Saudi Arabia Bariatric Surgery Market - Growth, Trends and Forecasts (2020 - 2025)

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    Report

  • 85 Pages
  • March 2020
  • Region: Saudi Arabia
  • Mordor Intelligence
  • ID: 4997556
Bariatric surgery or weight loss surgery is used as one of the major treatment procedures for treating obesity. It is generally the last option for patients who have failed in the attempt to lose weight with several other means. During this procedure, the size of the stomach is reduced by either removing some parts of the stomach or using a gastric band.

In Saudi Arabia, the increasing of obesity, diabetes and heart diseases have increased the demand for bariatric surgery. Saudi Arabia has witnessed significant lifestyle changes including sedentary lifestyle and dietary habits that have led to increase in obesity prevalence among children and adults. Several studies reported on the prevalence of pediatric obesity in Saudi Arabia. Therefore as the prevalence of obesity is increasing the demand for overall bariatric surgeries are expected to increase.

Key Market Trends

Closure Device is Expected to Record a High CAGR in the Assisting Device Segment

Closure devices are found to be used for reconnecting the tissues during surgical procedures and for closing incisions made by trocars. The laparoscopic port closure device successfully and safely closes the port sites in obese patients during bariatric procedures and surgeries. These operations are performed with specialized instruments, designed to be inserted through small incisions. Laparoscopy is a common procedure for fat removal surgery. Hence with the increasing demand for fat surgeries there is an increase in the demand for surgical devices like closure devices, that will help the market to grow.

Competitive Landscape

With the rising patient awareness levels and increasing obese population, few other smaller players are also expected to enter into the market in the coming years. Saudi Arabia has witnessed tremendous growth in past few decades. This has developed the healthcare system and market in the country as well. As a result, the region enjoys the presence of many global players in the bariatric surgery market.

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Table of Contents

1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Prevalence of Obesity
4.2.2 Increasing Prevalence Rate of Type 2 Diabetes and Heart Diseases
4.3 Market Restraints
4.3.1 High Cost of Surgery
4.3.2 Lack of Knowledge and Awareness
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Device
5.1.1 Assisting Devices
5.1.1.1 Suturing Device
5.1.1.2 Closure Device
5.1.1.3 Stapling Device
5.1.1.4 Other Assisting Devices
5.1.2 Implantable Devices
5.1.3 Other Devices
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Allergan Inc.
6.1.2 Apollo Endosurgery Inc.
6.1.3 Aspire Bariatrics Inc.
6.1.4 B. Braun Melsungen AG
6.1.5 Conmed Corporation
6.1.6 Intuitive Surgical Inc
6.1.7 Johnson and Johnson
6.1.8 Medtronic PLC
6.1.9 Olympus Corporation
7 MARKET OPPORTUNITIES AND FUTURE TRENDS

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Allergan Inc.
  • Apollo Endosurgery Inc.
  • Aspire Bariatrics Inc.
  • B. Braun Melsungen AG
  • Conmed Corporation
  • Intuitive Surgical Inc
  • Johnson and Johnson
  • Medtronic PLC
  • Olympus Corporation

Methodology

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