Market Trends of Europe Bariatric Surgery Industry
Gastric Balloons Segment is Expected to Witness the Highest CAGR in the Market Over the Forecast Period
The gastric balloons segment of the European bariatric surgery market is expected to experience the highest growth rate. This is primarily attributed to the rising demand for these devices in the European region.
Due to the low treatment cost in comparison to other treatments and the high prevalence of obesity, the market is expected to rise. One of the main reasons for the rising prevalence of obesity is the adoption of a sedentary lifestyle. Other contributing factors include an unhealthy diet and alcohol misuse. According to WHO European Regional Obesity Report 2022, data updated in May 2022, approximately 60% of adults and nearly one in three children that are 29% of boys and 27% of girls are overweight or obese in the WHO European Region. Similarly, as per an article published by BMJ Journal in May 2022, obesity is causing 200,000 cancer cases. In Europe, 8% of children under the age of five, one in three children of school age, and 59% of adults are overweight or obese in 2020. This rising number of obesity in the population of the region is expected to give rise to bariatric surgeries and thereby drive segmental growth.
Additionally, the efficacy of gastric balloons in bariatric surgery is expected to drive the demand for gastric balloons, thereby boosting segment growth. For instance, the data published by Mayo Clinic in September 2021 mentioned that about 7% to 15% of the body weight loss would happen after the placement of an intragastric balloon during the six months. The article also mentioned that excess weight loss ranges from 30% to 47%. Such benefits related to gastric balloons in weight loss procedures are expected to boost the growth of the studied segment over the forecast period.
Therefore the rising demand for implantable devices is expected to contribute to the faster growth of this segment.
Germany is Expected to Hold Major Market Share in the the Market Over the Forecast Period
Germany is expected to hold a significant share of the market and is expected to do the same in the Forecast Period.
The increase in the obese population and the prevalence of diabetes and heart disease are some of the factors expected to drive the market in the country. As per an article published by Elsevier Journal in February 2022, the prevalence of comorbid depression and obesity was 1.3% (95% CI 0.8-2.0) in men and 2.0% (95% CI 1.3-3.0) in women. Similarly, as per another article published by RKI in September 2022, 53.5% of adults in Germany are overweight and the prevalence of obesity was observed in men more than in women. The obesity prevalence for both sexes is 19.0%. In both women and men, the frequency of overweight and obesity rises with age. Compared to high-education groups, low-education groups have a much higher prevalence of obesity. Thus, it is anticipated that the country's rising obesity prevalence will boost the need for bariatric surgery there and speed up market growth.
As per an article by MBD published in August 2022, the average price of gastric bypass surgery in Germany is expected to cost around USD 19,000, and the minimum cost is expected to be USD 12,400 and the maximum cost expected to be USD 21,400. Thus, the pricing is expected to expand as the advancement grows and enhances the growth of the segmental growth in the market. According to an Springer article published in February 2022, a person who is obese has a higher risk of getting type 2 diabetes (T2DM), and arterial hypertension, which leads to overall mortality. Consequently, it is essential to have adequate treatment. In Germany, about 20 000 bariatric procedures are carried out annually. Thus, the demand for bariatric procedures in the country is expected to boost the segment in the market.
Therefore, the above-mentioned factors are expected to accelerate the market growth in the country during the forecast period.
