Market Size of Netherlands Bariatric Surgery Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 7.50 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Netherlands Bariatric Surgery Market Analysis
The Netherlands bariatric surgery market is poised to grow at a CAGR of 7.5% over the forecast period.
COVID-19 has impacted the growth of the bariatric surgery market in the country. Due to the lockdown measures taken by the government, the surgical centers and clinics were shut down to avoid contact and the spread of coronavirus among the population. Also, bariatric surgeries were considered to be non-emergent procedures. As a result, these procedures were on hold, and their success rate declined. For instance, as per an article published in the British Journal of Surgery, in September 2022, around 12,154 (30.2%) total patients were treated surgically in 2020. In addition, as per the same source, 1,543 patients underwent a bariatric procedure in 2020, which was lower than the previous year. Thus, the lower number of bariatric surgeries performed in the country has impacted the market's growth during the COVID-19 pandemic. However, with released restrictions, resumed surgical procedures, and increased patient visits to hospitals and centers, the market is expected to grow over the forecast period.
Certain factors propelling the market growth are the increasing number of obese patients and the growing burden of chronic diseases like cardiovascular diseases and diabetes.
The rising prevalence of chronic diseases, such as diabetes and heart disease, among the population in the country is also contributing to market growth. People with more fat in their bodies are more likely to be affected by diabetes. Hence, patients are taking specific measures to prevent obesity with bariatric surgeries. For instance, according to the 2022 statistics published by the IDF, in the Netherlands, 0.8 million people were living with diabetes in 2021. In addition, as per the same source, this number is projected to reach 0.91 million by 2030. Thus, it is anticipated that the rising number of people with diabetes, who are at a high risk of becoming overweight and developing obesity, is likely to raise the demand for bariatric surgery, driving the market's expansion.
Additionally, the growing burden of obesity among the Dutch population is the key factor driving the market growth. Obesity and overweight were formerly thought to be a concern, mainly in high-income countries. However, these are rapidly spreading to low- and middle-income countries, especially in metropolitan areas. For instance, as per 2022 statistics published by World Obesity, it has been found that 15.7% of women, 14.7% of men, and 14.2% of adults were obese in the Netherlands in 2020. As a result, the rise in the number of obese people is anticipated to raise the demand for bariatric surgery, which is expected to fuel market expansion.
Therefore, owing to the aforementioned factors, the studied market is expected to increase over the forecast period. However, the high cost of surgery is likely to hinder the market growth over the forecast period.
Netherlands Bariatric Surgery Industry Segmentation
As per the scope of the market, 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 to lose weight by several other means. During this procedure, the stomach size is reduced by either removing some parts of the stomach or using a gastric band. The Netherlands Bariatric Surgery Market is segmented by Device (Assisting Devices, Suturing Devices, Closuring Devices, Stapling Devices, Trocars, and Other Assisting Devices), Implantable Devices (Gastric Bands, Electrical Stimulation Devices, Gastric Balloon, and Gastric Emptying), and Other Devices. The report offers the value (USD million) for the above segments.
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Netherlands Bariatric Surgery Market Size Summary
The bariatric surgery market in the Netherlands is anticipated to experience significant growth over the forecast period, driven by an increasing prevalence of obesity and related chronic diseases such as diabetes and cardiovascular conditions. The market's expansion is supported by the resumption of surgical procedures following the COVID-19 pandemic, which had previously disrupted operations due to lockdowns and the classification of bariatric surgeries as non-emergent. The rising demand for bariatric surgery is further fueled by the growing awareness of its effectiveness in weight loss and the management of obesity-related health issues. The introduction of innovative products, such as the gastric balloon, and collaborations with specialized surgery centers are also contributing to market growth.
The market is characterized by a moderate level of competition, with key players like Medtronic PLC, Johnson & Johnson, and Allurion Technologies Inc. actively participating in the sector. The demand for bariatric surgery devices, particularly stapling devices, is expected to rise due to their critical role in surgical procedures and the increasing number of surgeries performed. Additionally, ongoing clinical trials and research studies are likely to create further opportunities for market expansion. Despite the high cost of surgery posing a potential challenge, the overall outlook for the bariatric surgery market in the Netherlands remains positive, with anticipated growth driven by both demand and technological advancements.
Netherlands Bariatric Surgery Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increase in Number of Obese Patients
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1.2.2 Increasing Burden of Chronic Diseases such as Cardiovascular Diseases, Diabetes,etc.
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1.3 Market Restraints
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1.3.1 High Cost of Surgery
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD million)
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2.1 By Device
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2.1.1 Assisting Devices
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2.1.1.1 Suturing Devices
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2.1.1.2 Closuring Devices
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2.1.1.3 Stapling Devices
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2.1.1.4 Trocars
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2.1.1.5 Other Assisting Devices
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2.1.2 Implantable Devices
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2.1.2.1 Gastric Bands
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2.1.2.2 Electrical Stimulation Devices
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2.1.2.3 Gastric Balloon
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2.1.2.4 Gastric Emptying
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2.1.3 Other Devices
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Netherlands Bariatric Surgery Market Size FAQs
What is the current Netherlands Bariatric Surgery Market size?
The Netherlands Bariatric Surgery Market is projected to register a CAGR of 7.5% during the forecast period (2024-2029)
Who are the key players in Netherlands Bariatric Surgery Market?
Medtronic Plc, Nordic Gastric Balloon, ReShape LifeSciences Inc., Apollo Endo Surgery Inc. and Olympus Corporation are the major companies operating in the Netherlands Bariatric Surgery Market.